HOME › Research Insight › Key Players Identified That Have a Strong Presence in the Global Agricultural Microbials Market
Key Players Identified That Have a Strong Presence in the Global Agricultural Microbials Market
Key players identified that have a strong presence in the global agricultural microbials market include BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), and Koppert B.V. (The Netherlands) .
The key market players have adopted various growth strategies such as acquisitions, new product developments, and expansion of business operations to meet the changing pesticide demands. The leading players are focusing on expanding their operations in emerging markets and strengthening their R&D capabilities by investing in advanced technologies so as to offer a diversified product portfolio for different applications, particularly in the fruits & vegetables and cereals & grains crop types. The key driving factors of the agricultural microbials market include increasing demand usage of agrochemicals in developing countries such as India, South Africa, Nigeria, Vietnam, and South Korea among others, and increased demand for high-value fruit & vegetable crops.
The core strengths of the key players in this market are aggressive acquisitions, new product developments and launches, and strategic expansions, to diversify the business geographically, and to strategically locate large distribution networks. Market leaders such as BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), and Koppert B.V. (The Netherlands) have successfully tapped the potential markets through acquisitions and expansions. The key companies focus on introducing and offering a wide range of agricultural microbials such as bacteria, fungi virus, and protozoa types to maintain their position in the market.
In February 2016, BASF SE (Germany) projects its crop protection pipeline to achieve peak sales of USD 3.3 billion for new products launched for all crop protection indications in row and specialty crops between 2015 and 2025. This promising pipeline is the result of continuous investments in research and development. The BioAg Alliance between Novozymes A/S (Denmark) and Monsanto Company (U.S.) was a collaboration to improve crop harvests through naturally occurring microbes, announced a new corn inoculant product which resulted in increasing crop yields in U.S. field tests. The product is based on a fungus found in soil and has been coated with microbes on corn seeds without harming the microbes’ performance or longevity. This BioAg Alliance is an important and unique growth strategy, bringing together Novozymes’ BioAg operations and capabilities within microbial discovery, development and production with Monsanto’s microbial discovery, advanced biology, field testing and commercial capabilities.
Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, Protozoa), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application, Function, & by Region - Global Trends & Forecast to 2021
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India