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3. Market Leaders: BASF SE (Germany) and Bayer Crop Sciences (Germany) Continue to Expand Their R&D Capacities to Further Strengthen their Presence in the Global Agrochemicals Mergers & Acquisitions Market

The global agrochemicals market is projected to grow at a significant rate during the forecast period in terms of value. The agricultural industry is constantly evolving due to the increased demand for agrochemicals. Agricultural productivity has risen because of improved crop varieties, enhanced crop protection chemicals, and supplementary irrigation water. The global mergers and acquisitions in the agrochemicals market have resulted in the consolidation of the market and risen the competition levels. Mergers and acquisitions have resulted in bringing together different stakeholders in the value chain in order to increase the quality of the product output.

The global market for agrochemicals mergers & acquisitions is dominated by Europe and North America, owing to a large number of players operating in this region and high agrochemicals use per hectare of cultivated area in these regions. The North American and European markets are experiencing demand saturation due to the trend of higher usage of crop protection chemicals and many players operating in the same market in agriculture. The European Union and the US FDA are keeping a strict watch on the agrochemicals market.

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Key players in this market include BASF SE (Germany), Bayer CropSciences (Germany), Syngenta AG (Switzerland), Corteva Agroscience (US), Nufarm Ltd., (Australia), Sumitomo Chemical Company (Japan), and many more.The existing players in the market are focused on increasing their market shares and the top players are concentrating on diversifying their product portfolio, increasing their market presence, and uniting with various local and international partners to offer to manufacturers across the globe.

Bayer CropSceinces (Germany) operates through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. The crop science division of the company has been working on introducing crop protection agrochemical products and digital solutions. The crop protection business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, plant growth regulators, and seed treatment products with chemical or biological modes of action. The company provides extensive customer service to support sustainable agriculture. Bayer has a vast geographic reach and has marked its presence in more than 87 countries. It has a significant market share in Asia Pacific countries, which accounts for approximately 20% of the total annual revenue share. With the strategic acquisition of Monsanto, Bayer AG expanded its global presence, clubbed with high levels of investments in R&D activities to serve its customers with innovative products. In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will strengthen its global presence. Countries such as Brazil, China, Australia are key emerging markets. Also, North America and Europe account for a good share of the market. The company is focusing on increasing its share in these regions.

BASF SE is a Germany-based chemical company. It operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides many agrochemical products such as herbicides, fungicides, insecticides, and seed treatment products that provide crops with higher resistance to diseases and pests to increase the potential yield. It has a strong focus on innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The company offers a range of agrochemical products. Its vast customer base across the world in more than 190 countries and the growing demand for crop protection products have encouraged the company to focus on research & development to innovate new crop protection products to compete in the global market. The strong brand image of the crop protection chemicals segment has attracted more farmers across the world. It has set up R&D facilities and business units in the key Asia Pacific markets, such as China and Australia, to enhance its market presence and product availability in this region. It also has an established distribution network in the European and North American markets.

Related Reports:

Agrochemicals Market Mergers & Acquisitions Deal Type (Acquisitions, Agreements, Divestitures, Mergers), Segment (Crop Protection Chemicals, Herbicides, Fungicides, Insecticides), and Region - Global Trends & Outlook (2018 – 2023)

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