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.

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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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  • 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.

  • 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.

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

  • November 2022: Cornell University in the United States rolled out its PhytoPathol Boots (PPB), which was deployed to four grape breeding programs across the United States. These autonomous robots were rolled through vineyards, using computer vision to gather data on the physiological state of each grapevine, allowing breeders and growers to evaluate their vineyards leaf by leaf, in real-time, down to the chemical level.
  • March 2022: Two newly released grape varieties, Sugrafiftytwo, an ultra-early ripening green seedless grape variety with a sweet Muscat flavor and firm, crisp texture, and Sugrasixty, a midseason ripening red variety with large berries and a tropical aroma with overtones of mango, were developed collaboratively between Cornell AgriTech and Sun World International, a global fruit genetics and licensing company.

May 2023: Toast collaborated with The Nirvana Group to expand innovative new cannabis product offerings in New Mexico and Oklahoma provinces of the United States.

April 2023: Hello Juice collaborated with The Beleaf Co. to launch a new product line of cannabidiol (CBD)-infused juice shots.

  • April 2024: Silver Bay Seafoods acquired Trident Seafoods’ Ketchikan processing facility. This strategic move enhances Silver Bay’s capacity to support salmon fisheries in the Southeast region.
  • December 2023: Maruha Nichiro Corporation merged its consolidated subsidiaries, Marine Access Corporation and Maruha Nichiro Retail Service Co., Ltd. The merger led to the integration of the tuna fish processing business by constructing a larger processing facility. This has expanded the production capacity of tuna fish products.
  • February 2022: Mowi expanded its range by launching two new organic salmon products on the digital grocery service Ocado.
  • January 2024: Agricultural experts and engineers in New Delhi developed a groundbreaking machine that simplifies cashew kernel extraction. This will make kernel extraction faster and more cost-effective, saving labor costs and significantly increasing their overall cashew output.
  • October 2022: Goa Forest Development Corporation proposed a cashew festival in April-May 2023 to boost cashew cultivation in the state and bid to make Goa self-sufficient in cash crop production in the next 5 to 10 years.
  • March 2022: The new Silver Jubilee building of the Indian Council of Agricultural Research (ICAR)-Directorate of Cashew Research, Puttur, Karnataka, is regarded as a new dimension in the Council's vision of empowering and benefiting the agricultural community, which will help in advancing the research on the Cashew crop.
  • November 2022: Dabur India Limited launched Dabur Vedic Tea, a premium black tea that contains 30+ ayurvedic herbs that provide health benefits and boosts immunity. The product contains herbs like Tulsi, Ginger, Cardamom, and others.
  • November 2022: Tata Consumer Products expanded its green tea portfolio with the launch of Tetley Green Tea with tulsi flavor. Green tea improves immunity and is rich in vitamin C.
  • July 2022: CVC Capital Partners Fund VIII completed the purchase of Ekaterra, the tea business owned by Unilever. A cash-free, debt-free sale of Ekaterra was agreed upon between Unilever and CVC in November 2021 for EUR 4.5 billion (USD 4.83 billion).

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