HOME Research Insight BASF SE (Germany) has been One of the Major Players in the Top 10 Trends in Agricultural Biologicals Market

BASF SE (Germany) has been One of the Major Players in the Top 10 Trends in Agricultural Biologicals Market

The key players identified have a strong presence in the global agricultural biologicals industry including The Dow Chemical Company (U.S.), Bayer CropScience AG (Germany), BASF SE (Germany), Isagro Spa (Italy), and Novozymes A/S (Denmark), Marrone Bio Innovation Inc (U.S.), Certis USA LLC (U.S.) and Koppert B.V. (The Netherlands).

The key market players adopted various growth strategies such as expansions, acquisitions, agreements, in order to cater to the increasing demand for biological products such as biopesticides and biostimulants. The companies increased their research and development expenditure to expand their manufacturing capacities and offer diversified biological products.

The core strengths of the key players that have driven the top 10 trends in agricultural biologicals industry are their strategic expansions and acquisitions, in order to enhance their market presence. Market players such as BASF SE (Germany), Isagro Spa (Italy) and The Dow Chemical Company (U.S.), have successfully tapped the potential markets through expansions and new product launches. The key companies entered into joint ventures to tap the Asian markets and also to expand their presence geographically. Moreover, these companies also focused on offering a diverse range of biological products such as biopesticides and biostimulants in order to cater to the changing requirements of the agriculture industry.

BASF SE (Germany) has been one of the major players in the global agricultural biologicals industry and has adopted strategies such as expansions, partnerships and new product launches in the recent years. The company entered into a partnership with Plant Advanced Technologies PAT SA (France) for the development of new biomolecules for agriculture. The partnership was created as part of the Bioprolor consortium. Strong competition from regional players has increased the possibility of the company to implement acquisition strategies or formulate distribution agreements. With strong product launches and successful patent registrations, the company is expected to provide licensing as well as distribution contracts to regional players in order to maximize its market presence.

The Dow Chemical Company (U.S.) has adopted strategies such as new product launches and expansions in order to increase its presence in the agricultural biologicals industry. Dow AgroSciences (The U.S.), a part of The Dow Chemical Company (U.S.), received USEPA and California Department of Pesticide Regulation approval for Kerb SC herbicide in leaf lettuce. The company has received several other product approvals by authorities for biological herbicides, insecticides and fungicides. The core competency of the company lies in its research and development facilities, which has enabled it to regularly obtain product approvals and expand its market offerings.

Isagro Spa (Italy) has adopted strategies such as agreements and alliances in order to efficiently expand its geographic presence in recent years. Isagro Spa (Italy) and Chemtura AgroSolutions (U.S.) entered into an R&D alliance to equally share investments in innovative research, focused on discovering new active ingredients. This agreement allowed the development and commercialization of conferred active ingredients. The agreement with the Gowan Group (U.S.), which is an agrochemical company, provides the company a commercial network in the U.S., which is helping the company to expand its business in the North American market.

Related Reports:

Top 10 Trends in Agricultural Biologicals Market Industry (Biopesticides, Biostimulants, Biofertilizers, Agricultural Inoculants, Agricultural Microbials, and Biological Seed Treatment) - Global Forecast to 2022

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