HOME Research Insight BASF SE (Germany) and Bayer CropScience AG (Germany) are the Active Players in the Nematicides Market

BASF SE (Germany) and Bayer CropScience AG (Germany) are the Active Players in the Nematicides Market

The global nematicides market is projected to grow at a CAGR of 3.30% from 2016 to 2022, to reach a projected value of USD 1.43 Billion by 2022. The nematicides market is fragmented and highly competitive, with key market players using strategies such as mergers & acquisitions, expansions, agreements and collaborations, and new product launches to meet varied consumer demands. Leading players actively invest in the R&D activities and aim to launch new products in different applications. Companies focus on these growth strategies with an objective of business expansion and better penetration of their nematicide products in different economies of the world.

The key players in this market are BASF SE (Germany), Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), E.I. Du Pont De Nemours and Company (U.S.), and Monsanto Company (U.S). These players adopted mergers & acquisitions and new product launches as their key strategies. The other companies which are profiled in the nematicides market report are Syngenta AG (Switzerland), FMC Corporation (U.S.), Adama Agricultural Solutions Ltd. (Israel), Ishihara Sangyo Kaisha Ltd. (Japan), and Valent Corporation (U.S.).

The core strengths of these key players in this market include geographically diverse businesses, investments in the R&D activities for better functionality of nematicides-based products, large distribution networks, and cross-selling marketing strategies. The key companies in this market focus on introducing and offering nematicides for a wide range of applications in the market to maintain their position. Rapid advancements in the agricultural sector have impacted the conventional agricultural practices.

BASF SE (Germany) is one of the active players in the nematicides market, the company banks on its strong R&D capabilities for the development of new products to cater to the requirements of modern agriculture. BASF SE established a new agricultural research and development center in Pune, India, which would concentrate on agricultural problems and challenges in India and globally. The center would emphasize on the development of crop protection solutions such as fungicides, herbicides, and insecticides. In 2016, BASF SE launched Maglis, an online platform for crop related data for farmers for better decision making.

Bayer CropScience AG (Germany) operates as part of the Bayer Group and is headquartered in Leverkusen, Germany. The company, with its strong R&D capabilities, is one of the major companies in the agrochemicals market through investments in new product developments and launches at regular intervals. It focuses on consolidation of its position in the global nematicides business through a number of strategic acquisitions and new product launches in the recent years. Bayer CropScience AG launched Indemnify, a new nematicide for control on nematodes for the turf industry. It launched the improved version of Votivo, an existing product, into the U.S. market along with Indemnify, to be used in the turf industry; both the products were introduced in the market in 2016.

Related Reports:

Nematicides Market by Type (Fumigant, Carbamate, Organophosphate, Bionematicide), Form (Solid, Liquid), Method of Application (Fumigation, Irrigation, Seed Treatment), Application (Agricultural, Industrial), and Region - Global Forecast to 2022

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