The key players identified in the global seed treatment fungicides market include BASF SE (Germany), The Dow Chemical Company (U.S.), Sumitomo Chemical Co., Ltd (Japan), Bayer CropScience AG (Germany), Syngenta AG (Switzerland), Monsanto Company (U.S.) 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 seed treatment fungicides.
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), The Dow Chemical Company (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 seed treatment fungicides industry on a regional as well as a global level, to strengthen and expand their position in the seed treatment fungicides market. The trend of developing seed treatment fungicides products for the growing demand for cereals is increasing the competition among the key players, thus increasing the competitive rivalry among the players.
The Dow Chemical Company is a leading company that offers a wide range of agricultural solutions with a diversified product portfolio in the seed treatment fungicides market. In December 2016, Dow Chemical Co. merged with DuPont Co. This strategy would help the company in meeting the growing demand for seed treatment fungicides.
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 (U.S.) signed an agreement with BASF (Germany) to bring new seed treatment fungicides products to the U.S. in-furrow corn market. This agreement will help the company to expand its product portfolio.
In November 2014, Monsanto Company, Valent U.S.A. Corporation, a wholly owned subsidiary Sumitomo Chemical Company, Ltd. (SCC), collaborated. This collaboration will extend the 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.
Seed Treatment Fungicides Market by Type (Chemical (Benzimidazoles, Dithiocarbamates), Biological), Crop Type (Cereals & Grains, Oilseeds & Pulses), Application Technique (Coating, Dressing, Pelleting), Form, and Region - Global Forecast to 2022
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