FMC Corporation, Eastman Chemical Company are Dominating the Market for California Biostimulants Market in 2019

California Biostimulants Market is expected to grow at a healthy CAGR of 13.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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California biostimulants market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in California biostimulants market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in September 2018, LALLEMAND INC. acquired fermentation plant of Biomin which is located in Piracicaba, Brazil. With this the company has expanded its business in Brazil and also increased their product portfolio. With this acquisition number of employees has been increased which leads to high production of products.

FMC corporation is the dominating player in the biostimulants market. The other key players existing in the market includes Eastman chemical company, OMEX, LALLEMAND Inc., Agrinos, Brandt Consolidated, Inc.

FMC Corporation  

FMC Corporation is headquartered in Pennsylvania, U.S. which was founded in 1883. The company is involved in the development and production of novel agricultural products such as insecticides & miticides, herbicides and fungicides. The company has various business segment such as FMC Agricultural solution and FMC Lithium. The market focused segment is FMC Agricultural solution. The company has various product categories such as herbicides, insecticides & miticides, fungicides, in-furrow, harvest aids, precision platform and labels and SDS.

  • In January 2016, FMC Corporation has launched Capture LFR Insecticide together with VGR Soil Amendment. With the launch of the product the company has strengthened their product portfolio which has helped in increasing their revenue as demand has increased in agriculture sector.

The company has wide global presence across the globe such as Latin America, North America, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cheminova A/S (Denmark), Lithium Corporation of America (U.S.), FMC Quimica do Brasil Limitada (Brazil), FMC Wyoming Corp (U.S.), FMC Foret SA (Spain) and others.

Eastman Chemical Company:

Eastman Chemical Company is headquartered in Tennessee, U.S. which was founded in 1920. The company is a manufacturer and a distributor of additives and functional products, advanced materials, chemical intermediates, and fibers. The company deals in different business segment and they are additives & functional products, advanced materials, chemical intermediates, fibers. The market focused segment for the California biostimulant market is Additives & Functional Products. The company provides its products through different product categories and they are adhesives, agriculture, appliances, building & construction, childcare items, coatings, commercial housewares, consumer electronics, consumer housewares, energy, fuels, & water, food & beverage Ingredients, food & beverage packaging, furniture, graphic arts, healthcare packaging, home, garden & auto packaging, hygiene, janitorial & household cleaners, medical devices, medical equipment, medical supplies, ophthalmics, packaging components, personal care & cosmetics ingredients, personal care & cosmetics packaging, pharmaceuticals signs,  transportation, visual merchandising

For instance,

  • In July 2017, Eastman Chemical Company unveiled launched products at the AgriBusiness Global Trade Summit, a foremost sourcing event for the conservation of crops and plant health. With the participation in the summit, the company gained an opportunity to meet 150 exhibitors and sponsors globally.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Middle East & Africa, North America, and Australia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Solutia (U.S.), Primester (U.S.), Taminco Corporation (U.S.), Eastman Chemical EMEA B.V. (Netherlands), Eastman Chemical Japan ltd (Japan) and others.

Recent Strategic Decisions

California Biostimulants Market