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BASF SE (Germany) and Syngenta AG (Switzerland) are Leading Players in Seed Treatment Market
The seed treatment industry has many players (of small, medium, and large scale); however, it is dominated by a few, which include BASF SE (Germany), Syngenta AG (Switzerland), Nufarm Limited (The Netherlands), Bayer CropScience AG (Germany) and Platform Specialty Products Corporation (U.S.) which collectively account for a major part of the seed treatment market. Expansions, acquisitions, and new product launches 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 Nufarm Limited (Australia), Sumitomo Chemical Company Limited (Japan), E.I. Du Pont De Nemours and Company (U.S.), The DOW Chemical Company (U.S.), and Incotec Group BV (Netherlands) also have a strong presence in this market.
BASF SE (Germany)
BASF SE is one of the world’s leading chemical company which produces a wide range of products. BASF’s agriculture segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. “Functional Crop Care” segment conducts the business of seed treatment, under the agricultural solutions segment of the company. BASF SE’s seed treatment products impart intolerance to insects and stress contributing to potential crop yield.
Moreover, BASF has been strengthening its growth in the seed treatment market in the South American region through the establishment of seed treatment centers in Brazil in 2012. The company has been expanding its formulation and production capacities in the Sao Paulo region as well. The acquisition of Becker Underwood (U.S.) in 2012 gave BASF strong backup on the front-end operations, in the manufacturing of seed coating materials, providing considerable market penetration in the South American region.
Syngenta AG (Switzerland)
Syngenta AG is a global biotechnology company that was established as a result of a merger between Novartis Agribusiness (Switzerland) and Zeneca Agrochemicals (U.K.). It operates through two business segments which include crop protection and seeds. Syngenta AG has been one of the largest global agrochemical producers in the past five years. It is engaged in R&D, production, and marketing of various products to improve crop yield and food quality.
Syngenta’s global presence and brand recognition has helped it to gain competitive edge in the industry and through various developments such as agreements, investments, and new product launches, the company has focused on delivering technology driven sustainable solutions for increasing agriculture output. These developments can be seen in the company, for instance, the company launched a new biological seed treatment called EPIVIO. The new launch helped the company to enter into the biological crop protection market.
Seed Treatment Market by Function (Crop Protection Chemicals and Seed Enhancement), Type (Chemical and Non-Chemical), Crop Type (Cereals & grains, and Oilseeds), Application Technique, & by Region - Global Forecast to 2021
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