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New Product Launches, Expansions, Mergers & Acquisitions, and Agreements are the Preferred Growth Strategies in Bionematicides Market
The bionematicides industry has many players (small, medium, and large); however, it is dominated by a few, which include Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Marrone Bio Innovations, Inc. (U.S.), T. Stanes & Company Limited (India), and Valent BioSciences Corporation (U.S.) which collectively account for a major part of the bionematicides market. New product launches, Expansions, mergers & acquisitions, and agreements are the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration, increases product portfolio, and helps to reach new potential markets. Other players such as Certis USA L.L.C. (U.S.), Agri Life (India), Bio Huma Netics, Inc. (U.S.), The Real IPM Company Ltd. (Kenya), and Horizon Agrotech (India) also have a strong presence in this market.
Syngenta is one of the world’s largest crop chemical producers in Europe. It is engaged in the research, development, production, and marketing of various products to improve crop yield and food quality. It operates mainly under two segments, namely crop protection and seeds. It offers the bionematicides under the crop protection segment.
The company is committed to sustainable agriculture through innovative research & technology, It has obtained a number of registered patents due to its extensive research & development activities and collaborations. It provides the growers with combined solutions that help them to increase the agricultural productivity in a justifiable way. The company strives to expand its bionematicides business through the help of research & development initiatives, for instance, Syngenta launched a new technology known as Target monitorin application for crop management in Brazil. It would help farmers to record the volume of pests, types of pests, and infestation incidences just by few taps on screen.
Bayer CropScience AG
Bayer CropScience AG operates as a part of the Bayer Group. The company operates in two business segments: crop protection/seeds and environmental science. Under its crop protection/seeds business segment, the company offers a variety of insecticides, herbicides, fungicides, plant growth regulators, and seeds. It is a research-based agrochemicals and biotechnology company focused in the areas of crop protection, non-agricultural pest control, and seeds & plant biotechnology.
Bayer CropScience AG has strong R&D capabilities, and it aims to strengthen its position in the biological market through investments in new product development. The company focuses on strengthening its position in the global biopesticides business through a number of strategic acquisitions, which has aided the company to enhance its product portfolio. As a part of this strategy, the company acquired AgraQuest, a U.S.-based biological company. This acquisition enabled Bayer CropScience AG to build a platform for green products and technology. In bionematicides market, the company strengthened its presence through acquisition of Prophyta GmbH in 2013.
Bionematicides Market by Type (Microbials & Biochemicals), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Form (Liquid and Dry), Mode of Application, Infestation, & by Region - Global Forecast to 2021
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