华创证券分析指出，农药行业经历了长达三年的景气度下滑，主力产品价格已跌至历史较低区间，市场悲观情绪已充分释放，行业具备周期反转的条件。加之农业农村部“一证一品”新规将于2026年初实施，安全生产监管力度不断加强，行业供给端预计进一步收缩。此外，国际原油价格显著上涨带动种植成本上升，下游主要农产品期货价格普遍走高，种植效益的改善有望推动农药需求复苏。
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