- In May 2023, Yara International announced plans for a new global production facility dedicated to biostimulants and specialty crop nutrition products. This state-of-the-art plant aims to bolster agricultural yields while enhancing product quality. The investment aligns with Yara’s commitment to sustainable agriculture, providing farmers with innovative solutions that promote efficient nutrient uptake and improved crop performance in various environmental conditions, thereby meeting the growing demand for sustainable farming practices
- In January 2023, Sumitomo Chemical Co., Ltd., a prominent Japanese chemical company, made strategic moves in the biostimulants market by acquiring FBSciences Holdings, Inc., a U.S.-based manufacturer of biostimulant products. This acquisition enhances Sumitomo's portfolio, allowing the company to offer a broader range of sustainable agricultural solutions. The integration of FBSciences' innovative technologies aims to improve crop health and productivity, contributing to the growing global demand for sustainable agriculture
- In January 2023, Archer Daniels Midland Company (ADM) introduced NeoVita 43, a novel biostimulant aimed at enhancing corn yield through improved nutrient efficiency. This product leverages advanced agricultural science to maximize crop output while minimizing resource use. ADM's commitment to innovation in sustainable agriculture is evident in NeoVita 43, which supports farmers in increasing productivity and promotes responsible nutrient management, addressing environmental concerns in agriculture
- In February 2022, The Mosaic Company, a global leader in fertilizer manufacturing, strengthened its market position by acquiring Plant Response Inc. This strategic acquisition aims to leverage Plant Response's innovative biostimulant technologies to enhance the company's product offerings. The collaboration is set to foster the development of new, sustainable solutions for farmers, focusing on enhancing soil and plant health, ultimately contributing to a more sustainable agricultural landscape
- In May 2021, Plant Response Inc. announced its acquisition of WISErg, a startup specializing in nutrient recovery from food waste for use in fertilizers. This strategic move aims to enhance Plant Response's product portfolio while promoting sustainability through nutrient upcycling. By integrating WISErg's innovative technologies, Plant Response Inc. is set to develop nutrient-efficient solutions that improve plant and soil health, contributing to a circular economy within the agricultural sector
