New Product Developments in the Bacteriocides industry on a Regional as well as a global level, to Strengthen and Expand their Position in the Agriculture Bacteriocide Market.
The key players identified in the global bacteriocide market in agriculture include BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), Bayer CropScience AG (Germany), Syngenta AG (Switzerland), Nippon Soda Co. Ltd. (Japan), and Nufarm Ltd. (Australia).
The key market players adopted strategies such as agreements, collaborations, partnerships, and joint ventures to increase their market presence and revenue generation. Leading players focused on strengthening their R&D proficiencies by capitalizing in advanced technologies and entering into R&D agreements with other companies, to develop diversified product portfolios of bacteriocides.
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), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), and Bayer CropScience AG (Germany) have successfully tapped the potential markets through the development of innovative product launches, partnership agreements, and expansions. These key companies focused on new product developments in the bacteriocides industry on a regional as well as a global level, to strengthen and expand their position in the agriculture bacteriocide market. The trend of developing bacteriocides products for the growing demand for horticultural crops, is increasing the competition among the key players, thus increasing the competitive rivalry among the players.
Dow AgroSciences LLC. is a leading company that offers a wide range of agricultural solutions with a diversified product portfolio in the bacteriocides market. In December 2016 Dow Chemical Co. merged with DuPont Co. This strategy would help the company in meeting the growing demand for bacteriocides.
Another key player, BASF SE established a new R&D center in Limburgerhof, Germany, which helped the company to expand its product line and was strategically located in Germany, a key region in the countrys growing agricultural industry. Whereas, FMC Corporation signed an agreement with BASF (Germany) to bring new bacteriocides products to U.S. in-furrow corn market. This agreement will help the company to expand its product portfolio.
In November 2014, Monsanto Company, Sumitomo Chemical Company, Ltd. (SCC), and SCCs wholly owned subsidiary and Valent U.S.A. Corporation collaborate. This collaboration will extend Crop Management Solutions platform for soybeans and cotton in the U.S. Whereas, Syngenta and DuPont signed licensing agreements to broaden each companys crop protection line.
Related Reports:
Antibacterial Market in Agriculture by Type (Copper-based, Dithiocarbamate, Amide, Antibiotic), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application (Foliar Spray and Soil Treatment), Form, and Region - Global Forecast to 2022
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