The Key Players Identified in the Global Insecticides Market include BASF SE (Germany) and Bayer CropScience Ag (Germany)
New product launches and partnerships, agreements, & joint ventures were the most preferred strategies adopted by the industry players to achieve growth in the aerospace interior adhesives market between 2014 and 2016. Increasing use of adhesives as an alternative to mechanical fasteners and rivets to reduce weight and provide strength to aircraft has influenced players to adopt various development strategies. Solvay S.A. (Belgium), Arkema S.A. (France), Huntsman Corporation 0S.gium Corporationurso adopt these strategy.craft hanicals fastners driving the growth of the aeropsace (U.S.), Henkel AG & Co., KGaA (Germany), Master Bond Inc. (U.S.), and DELO Industrial Adhesives (Germany) are some of the leading market players that adopted new product launches as the key strategy to develop their businesses. Besides new product launches and partnerships, agreements, & joint ventures, the key players adopted the strategy of acquisitions to expand their market share and distribution network between 2014 and 2016.
The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as BASF SE (Germany), Bayer CropScience Ag (Germany), Dow AgroSciences (The Dow Chemical Company) (U.S.) have successfully tapped the potential markets through the development of innovative product launches, partnership, agreements, and expansions. These key companies focused on investments and expansions in the insecticides industry on a regional as well as a global level, to strengthen and expand their position in the insecticides market. The trend of developing insecticides products has increased so as to protect crop loss due to the heavy insect infestation.
In April 2016, BASF SE opened a new R&D center at the Crop Protection division’s headquarters in Limburgerhof, (Germany), boosting its global R&D network to meet the growing demand for solutions beyond classical crop protection. It aims to create innovative and complementary crop solutions.
Another key player, Bayer CropScience Ag launched Sivanto Prime in January 2017, which would consist of the active ingredient Flupyradifurone. This new product launch would help to control sucking insects and is safe for bees and other pollinators. In February 2016, ChemChina acquired Syngenta for USD 465 per ordinary share plus special dividend. The transaction has minimized operational disruption focused on growth globally, specifically in China and other emerging markets, and enabling long-term investment in innovation.
Related Reports:
Insecticides Market by Type (Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), Mode of Application, Form, and Region - Global Forecast to 2022
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