UPL, Bayer AG and Syngenta were Dominating the South America Biostimulants Market in 2021

South America Biostimulants Market is expected to grow with a CAGR of 13.8% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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South America biostimulants market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in South America biostimulants market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In October 2021, UPL announced the collaboration with Chr. Hansen, a global bioscience company. In collaboration with the companies aimed at developing microbial-based biosolutions (including biostimulants and biopesticides) that will help growers around the world fight pests and diseases, and improve crop quality and yields. This enabled the company to use its global presence for research and identify opportunities and product concepts to address farmers' pain points.

UPL is the dominating player in South America biostimulants market. The other key players existing in the market are Lallemand Inc., Agrinos, Koppert Biological Systems, Syngenta, SICIT Group S.p.A, Isagro S.p.A., ILSA S.p.A., OMEX, Trade Corporation International, Bayer AG, Marrone Bio Innovations, Inc., SEIPASA, S.A., Innovak Global, SA de CV, Stoller Group, Yara, BASF SE, Novozymes, Atlantica Agricola, Italpollina Spa, SummitAgro   and others.

South America Biostimulants MarketUPL

UPL established in the year 1969, headquarter in Maharashtra, India. The company provides agricultural solutions and services for crop protection, seed treatment, and post-harvest solutions. The company operates in business segments such as agro activity, non-agro activity among which agro activity is the market focused segment. The company has several solution categories which are seeds, crop protection, biosolutions, post-harvest, soil & water technologies, ProNutiva, farmer engagement , other business  among which biosolutions, ProNutiva are the market focused category

For instance,

  • In July 2021, UPL announced the launch of NPP (Natural Plant Protection), a global business unit for the company’s comprehensive portfolio of natural and biologically derived agricultural inputs and technologies. This enabled the company to provide new, innovative agronomic solutions that alleviate the challenges growers have in sustainable ways.

The company has presence across North America, South America, Europe, Africa, Asia, and Australia. The company also has various subsidiaries including Advanta Seeds Pty Ltd (Dubai), UPL do Brasil Industria e Comercio de Insumos Agropecuarios S.A. (Brazil), United Phosphorus Ltd (U.S.), UPL Environmental Engineers Ltd. (India), Arysta LifeScience Benelux SPRL (India) and others.

Bayer AG

Bayer AG, founded in the year 1863, headquartered is in North Rhine-Westphalia, Germany. The company is involved in development and manufacturing of products for health care and agriculture. The company operates in business segments such as pharmaceuticals, consumer health, crop science among which crop science is the market focused segment. The company has several product categories including consumer health, crop science, pharmaceuticals, crop protection, digital farming, environmental science, radiology, seeds & traits in which crop protection is the market focused category.

For instance,

  • In March 2019, Bayer AG announced the partnership with SICIT in relation with two products namely, AmbitionTM and BayfolanTM Cobre. Before the announcement these two products were distributed respectively in Brazil and India. The partnership enabled the company to launch the products in Asia (China) and in the other Latin American countries. The collaboration further strengthened as it guaranteed to Bayer the worldwide distribution of BayfolanTM Cobre and BayfolanTM Aktivator for foliar use in various crops. This helped the company to grow in the market.

The company has wide presence Europe / Middle East / Africa, North America, Asia / Pacific, Latin America. The company also has various subsidiaries including Bayer HealthCare Pharmaceuticals LLC (Germany), Jenapharm GmbH & Co. KG (Germany), Bayer Healthcare (Germany), Bayer Ltd. (Ukraine) and Bayer HealthCare Animal Health Inc. (U.S.), among others.

Syngenta

Syngenta, founded in 2000, headquarter in Basel, Switzerland. The company develops and manufactures products for crop protection, quality seeds, and for delivering higher yields and agronomics. The company has two product categories which are protecting crops, seeds in which protecting crops is market focused category.

For instance,

  • In July 2020, Syngenta announced the collaboration with IICA (Inter-American Institute for Cooperation on Agriculture). Accordingly the collaboration was able to implement actions aimed at increasing farmers’ productivity in a sustainable manner and protecting food security in Latin America and the Caribbean. This enabled the company to implement its scientific developments in crop protection and seed improvement in rural areas of Latin America and the Caribbean together with IICA.

The company has presence across Americas, Europe, Asia-Pacific and Middle East & Africa.