HOME Research Insight The Dow Chemical Company (U.S.), and Monsanto Company (U.S.), global biopesticides market

The Dow Chemical Company (U.S.), and Monsanto Company (U.S.), global biopesticides market

The key players identified in the global biopesticides market include BASF SE (Germany), Bayer CropScience AG (Germany), Marrone Bio Innovations Inc. (U.S.), Certis USA LLC (U.S.), Koppert Biological Systems (Netherlands), The Dow Chemical Company (U.S.), Monsanto Company (U.S.), Isagro SPA (Italy), Camson Bio Technologies Limited (India), Bioworks, Inc. (U.S.), W. Neudorff GmbH Kg (Germany), and Valent Biosciences Corporation (U.S.).

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 biopesticide products.

The core strengths of the key players in this market were agreements, collaborations, partnerships, and joint ventures to expand their businesses geographically. The global players have established large distribution networks across the world and followed extensive cross-selling marketing strategies. Market leaders such as BASF SE (Germany), Bayer CropScience AG (Germany), Marrone Bio Innovations Inc. (U.S.), The Dow Chemical Company (U.S.), and Monsanto Company (U.S.), successfully tapped potential markets through the development of innovative products, partnerships, agreements, and expansions. These key companies focused on acquiring biopesticide companies on a regional as well as a global level, to strengthen and expand their geographical reach in the biopesticides market. The trend of developing biopesticide products for the demand for fruit & vegetable crops, is increasing the competition among the key players, and in turn leading to the rise in competitive rivalry among the players.

In October 2016, Monsanto and Dow AgroSciences proclaimed global licensing agreement on Exzact Precision Technology genome-editing platform. Genome-editing technologies enable plant breeders to bring enhanced hybrids and varieties more efficiently, and offer plant scientists additional resources to provide new developments in agriculture biotechnology.

Another key player, Marrone Bio Innovations Inc., and Groundwork BioAg, Ltd (GBA) announced a collaboration to create and commercialize the biological comprehensive seed treatment. The treatment would contain a mycorrhizal biostimulant from GBA as well as a bioinsecticide, a bionematicide, and a biofungicide from MBI.

In October 2014, Bayer CropScience AG entered into a distribution agreement with Belchim Crop Protection (Belgium). In accordance with this agreement, Bayer CropScience AG received the exclusive European distribution rights for the biological fungicide named Contans WG from Belchim Crop Protection (Belgium). It helped Bayer CropScience AG to strengthen its crop protection product portfolio and develop highly advanced biological crop solutions.

Related Reports:

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, and Bionematicides), Origin (Beneficial Insects, Microbials, Plant-incorporated Protectants, and Biochemicals), Mode of Application, Formulation, & Crop Type - Global Forecast to 2022

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