Market Leader - Insect Growth Regulators Market
The key players identified have a strong presence in the global insect growth regulators market. These include Bayer CropScience AG (Germany), Dow Chemical Company (U.S.), Sumitomo Chemical Company Ltd. (Japan), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel), Nufarm Ltd. (Australia), Platform Specialty Products Corporation (U.S.), Central Garden & Pet Co. (U.S.), Valent USA Corporation (U.S.), and Russell IPM Ltd. (U.K.).
The key companies in the insect growth regulators market adopted mergers & acquisitions, agreements & collaborations, new product launches & product approvals, investments, and expansions as their key growth strategies to increase their market share and profits from 2012 to 2016.
The core strength of the key players were mergers & acquisitions followed by agreements & collaborations, to cement their place in the global insect growth regulators market. Players such as the Dow Chemical Company (U.S.) and Sumitomo Chemical Company Ltd. (Japan) have adopted acquisitions and agreements as their key strategies to gain market share.
Dow AgroSciences LLC (U.S.) has been consistent in providing crop protection products and is one of the major players in the insect growth regulators market. Dow AgroSciences LLC (U.S.), a subsidiary of the Dow Chemical Company (U.S.) and Monsanto Company (U.S.) cross-licensed an advanced corn trait technology designed to provide new tools for insect and pest management. These technologies are expected to be introduced in each company's respective portfolios, and sold competitively by both companies as next-generation insect control products. The agreements for stacked-trait corn offerings provided added value to farmers to secure higher yield despite wide-ranging pressures from damaging pests.
Valent BioSciences Corporation (VBC) (U.S.) a subsidiary of Sumitomo Chemical Co., Ltd. (Japan) signed a global licensing agreement with LidoChem Inc. (U.S.) and Rizobacter Argentina S.A. (Argentina) in April 2016, aiming to strengthen their bio-rational businesses. The agreement will speed up the development and commercialization of new microbiological products, as part of Rizobacter’s global development strategy. The shared targets of both companies include the isolation of new strains and the identification of new formulations to develop products which provide solutions to farmers against insects and pests from different countries.
Related Reports:
Insect Growth Regulators Market by Type (Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics, Anti-juvenile Hormone Agents), Form, Application (Agricultural, Livestock Pests, Commercial Pest Control), and Region - Forecast to 2022
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