Agrochemicals News

Recent industry report about Agrochemicals company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Agrochemicals Market industry experts.

Agrochemicals News

  • May 2024: Adama Ltd, a leading global crop protection company, launched the EDAPTIS herbicide in Poland. However, EDAPTIS is a ready-to-use solution that provides broad-spectrum control of grassy weeds and improved efficacy in combating resistant populations.
  • December 2023: Crystal Crop Protection Limited acquired the trademark GRAMOXONE for the Indian market from Syngenta, a global industry leader in agriculture.
  • July 2023: Syngenta India launched Incipio and Simodis, which effectively curb pests like leaf folders, stem borer, and sucking insects which severely reduce the yields in paddy, cotton, and vegetable crops.
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  • May 2024: The African Union Commission was dedicated to strengthening the Africa Fertilizer Financing Mechanism to enhance food production. This commitment will enable the mechanism to invest in technologies that improve crop yields, initiatives that promote soil health, and infrastructure improvements. Such investments ensure better fertilizer availability and market access for farmers throughout Africa.
  • December 2023: Bayer unveiled its new fungicide seed treatment, EverGol Energy, in South Africa, with availability set for farmers in 2024. This treatment targets both Fusarium spp. and Pythium spp. in maize and soybean crops.
  • January 2023: K+S agreed to acquire a 75% stake in the fertilizer division of Industrial Commodities Holdings (Pty) Ltd (ICH), a trading firm based in South Africa. Following the signing of the agreement, the newly acquired entity will function under the name Fertiva (Pty) Ltd. This strategic move aims to bolster and broaden K+S's distribution reach in South Africa and East Africa.
  • May 2024: Adama Ltd, a leading global crop protection company, launched the EDAPTIS herbicide in Poland. However, EDAPTIS is a ready-to-use solution that provides broad-spectrum control of grassy weeds and improved efficacy in combating resistant populations.
  • December 2023: Crystal Crop Protection Limited acquired the trademark GRAMOXONE for the Indian market from Syngenta, a global industry leader in agriculture.
  • July 2023: Syngenta India launched Incipio and Simodis, which effectively curb pests like leaf folders, stem borer, and sucking insects which severely reduce the yields in paddy, cotton, and vegetable crops.
  • January 2022: BASF increased the production capacity for its biodegradable film product Ecovio at its Ludwigshafen, Germany site.
  • May 2021: Reyenvas, a subsidiary of Armando Alvarez Group, introduced Reyfilm Bio BIO, a biodegradable mulching film designed to break down naturally on the ground, reducing removal costs through microbial assimilation.
  • January 2021: Ab Rani Plast unveiled Ecol, a sustainable film suitable for agricultural use, with a focus on European markets, for the entire agricultural season.
  • October 2022: Seipasa launched its new advanced biofungicidal product, "Fungisei," in France, after getting registered phytosaniritarily by the European Commission.
  • September 2022: Corteva Agriscience signed an agreement to acquire Symborg, a biologicals-based company, as a part of its strategy to expand its biologicals portfolio. The move was aimed at helping Corteva Agriscience in achieving its aim to become a global leader in the agricultural biologicals market.
  • June 2022: Certis Biologicals and Novozymes, two leading agricultural biotechnology companies, collaborated to develop new technologies for highly effective fungal disease control. This collaboration will provide new solutions to row crop growers.

September 2022: Creative Enzymes launched Kex2 protease from Saccharomyces cerevisiae recombinant. Due to the increased demand for agricultural enzymes, many players are focussing on numerous product launches to cater to the market demand.

June 2021: Corteva Agrisciences partnered with Elemental Enzymes, a life sciences company developing novel biotechnology and enzyme solutions. The companies expanded their multi-year global agreement to include a new bio fungicide for a broad range of row crops, including soybeans, cereals, corn, oilseeds, rice, and sugarcane, as well as turf and ornamental applications.

April 2021: BASF agreed with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. This agreement enabled BASF to further develop the company's production footprint for enzymes and biotechnology products.

March 2021: Nutrien Ag Solutions partnered with Elemental and launched peptide-based bio-pesticide on other specificity crops across North America.

In January 2023, Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.

  • February 2024: India's food ministry launched 'Bharat rice' at a subsidized rate of Rs 29(USD 0.35) per kg to provide relief amid a 15 percent rise in retail prices of grain in the last year.
  • October 2023: China cultivated genetically modified giant rice in mountainous regions in Beijing to bolster food security amid soaring global rice prices. The yield reached 12.6 metric tons per hectare a 5 percent increase from 12 metric tons per hectare last year.
  • January 2022: The Tamil Nadu Agricultural University (TNAU) released a new rice variety named 'TRY 5' in India. This is an early-duration variety suited for salt-affected soil.
  • August 2023: Plenty Unlimited Inc., a San Francisco-based company, began construction on a vertical indoor farming campus that, when completed, is likely to be the largest such operation in the world. The campus, to be developed in phases totaling USD 300 million, will sit on 120 acres in the Meadowville Technology Park.
  • February 2022: Aero Farms announced a new tomato research partnership with FFAR and the University of Florida to provide vertical farms with a path to growing high-yielding crops that produce flavored tomatoes in environmental conditions.
  • January 2022: Plenty and Walmart announced the long-term investment to bring fresh, peak-flavor produce to shoppers year-round.
  • June 2024: Capwell Industries introduced the first fortified rice in Kenya and potentially the entire African continent, enriched with essential vitamins B6, B1, B9 (folic acid), iron, and zinc.
  • January 2024: The second AGGRi (AGGRi2) phase was launched in the Nanenane farm of the Tanzania Agricultural Research Institute (TARI)- Uyole. This phase continues the efforts to accelerate and modernize breeding programs as part of the Accelerating Genetic Gains in Rice (AGGRi) Alliance, which began in 2019.
  • December 2023: The Multiple Harvest Rice for Africa (MHRA) project, supported by the Bill & Melinda Gates Foundation, was officially inaugurated at the Mbe station in Bouake, Cote d’Ivoire, by AfricaRice. The project's goal is to enhance rice production across the continent.
  • May 2024: The African Union Commission was dedicated to strengthening the Africa Fertilizer Financing Mechanism to enhance food production. This commitment will enable the mechanism to invest in technologies that improve crop yields, initiatives that promote soil health, and infrastructure improvements. Such investments ensure better fertilizer availability and market access for farmers throughout Africa.
  • December 2023: Bayer unveiled its new fungicide seed treatment, EverGol Energy, in South Africa, with availability set for farmers in 2024. This treatment targets both Fusarium spp. and Pythium spp. in maize and soybean crops.
  • January 2023: K+S agreed to acquire a 75% stake in the fertilizer division of Industrial Commodities Holdings (Pty) Ltd (ICH), a trading firm based in South Africa. Following the signing of the agreement, the newly acquired entity will function under the name Fertiva (Pty) Ltd. This strategic move aims to bolster and broaden K+S's distribution reach in South Africa and East Africa.

Agrochemical Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)