BASF SE, Lonza, and UPL were dominating the Global Algaecides Market in 2021

Global Algaecides Market is expected to grow with the CAGR of 6.9% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-algaecides-market

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

The major players dealing in global algaecides market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

In May 2022, Lonza and ALSA ventures collaborate to provide development and manufacturing services for biotech firms. Lonza will support ALSA Ventures’ portfolio companies with services supporting de-risking, early development and manufacturing of next-generation modalities. This will help company to expand its businesses.

  • In June 2021, UPL received the Asian Sustainability Leadership Award for showing excellence in sustainability performance management for displaying their commendable commitment to sustainability. This award gave global recognition to the company.

BASF SE is the dominating player in the algaecides market. Other player in the market include Lonza (Switzerland), SePRO Corporation (U.S.), BioSafe Systems, LLC (U.S.), N. Jonas & Company, Inc. (U.S.), UPL (India), Phoenix Products Co. (U.S.), Weifang Maochen Chemical Co., Ltd. (China), Airmax (U.S.), and Oreq (U.S.).

BASF SE

The BASF SE is headquartered in Ludwigshafen, Germany as public ownership and it was founded in 1865. The company is engaged in providing chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company has several business segments which are chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions out of which surface technologies is focused business segment. The company has product in agriculture, automotive & transportation, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and industrial & institutional cleaning solutions, nutrition, packaging & print, paint & coatings, personal care & hygiene, pharmaceuticals, plastic & rubber, pulp & paper, textile, leather & footwear out of which paint & coatings is market focused category.

The company has a wide global presence in North America, South America, Europe, Asia-Pacific, Middle East and Africa. Company have subsidiaries which are Wintershall (Germany); BASF Coatings GmbH (Germany); Nunhems B.V. (Netherlands); BASF India Ltd. (India); BASF Canada Inc (Canada), among others.

Lonza

Lonza is headquartered in Basel, ‎Switzerland as public ownership and was founded in 1897. The company is focused in providing innovative dosage forms for the pharma and consumer health and nutrition industries. The company offers a wide range of product categories such as pharma & biotech, capsules & health ingredients out of which pharma & biotech is market focused category. The company has a presence in Americas, Europe, Asia, and Africa.

The company has several subsidiaries which are Capsugel (U.S.), Arch Chemicals, Inc. (U.S.), Lonza Walkersville, Inc. (U.S.), Cambrex Bio Science Baltimore, Inc. (U.S.) among others.

  • In November 2021, Lonza acquired Codiak BioSciences Exosomes manufacturing facility in Lexington, MA (US). This helped company to gain access to the worldwide, exclusive and sub-licensable rights of Codiak's high-throughput exosome manufacturing technology.

UPL

UPL headquartered in Mumbai, India as public ownership and was founded in 1969. The company offers an integrated portfolio of both patented and post-patent agricultural and industrial solutions. The company has several business segments which are Agro Activities, Non Agro Activities out of which Non Agro Activities is focused business segment. The company have product categories which are herbicide, fungicide, plant growth regulator, insecticide/miticides, seed treatments, fumigants, aquatics, professional solutions, biosolutions, miticides, defoliant/dessicant, soil-applied, remote grain monitoring out of which aquatics is market focused category.

The company has a wide global presence across the Asia-Pacific, North America, South America, Europe, and Africa. The company have subsidiaries which are Advanta India Ltd. (India), SWAL Corporation Ltd. (India), UPL France SAS (France), Cerexagri S.A. (France), Upl do Brasil Industria e Comercio de Insumos Agropecuarios  (Brazil) among others.

  • In June 2021, UPL received the Asian Sustainability Leadership Award for showing excellence in sustainability performance management for displaying their commendable commitment to sustainability. This award gave global recognition to the company.