BASF SE (Germany), Syngenta (Switzerland), Monsanto Company (U.S.), Bayer CropScience AG (Germany), and Valent Bioscience Corporation (U.S.) contributed a major share to the Malaysia biopesticides market in 2015. Expansions, acquisitions, and new product launch were the key strategies adopted by these players for better market penetration and expansion of product portfolio as well as geographical reach. Other major players operational in the market include Emery Oleochemicals (Malaysia), AEF Global (Canada), Power Biotechnologies (Malaysia), and Koppert B.V. (The Netherlands), Imaspro Corporation (Malaysia).
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BASF SE (Germany) is the world’s leading chemical company, which produces a wide range of products. It operates through five segments, namely, functional materials & solutions, chemicals performance products, oil & gas, and agricultural solutions. BASF SE (Malaysia) Sdn Bhd was established in 1989 to sell BASF’s products in the country. The agriculture segment consists of the company is operational in the manufacturing and sales of biopesticide products.
BASF SE relies on its strong R&D capabilities for the development of new products to cater to the needs of modern agricultural practices. The company’s R&D expansions in Asia-Pacific have helped the company to develop and introduce novel products in the market in the region. The company has also established R&D facilities in Europe to work on innovative produts for crop protection.
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Syngenta (Switzerland) is a global biotechnology company that was formed as a result of a merger between Novartis Agribusiness (Switzerland) and Zeneca Agrochemicals (U.K.) The company is one of the largest manufacturer of agrochemical products in the past five years. It is engaged in the research, development, production, and marketing of various products to improve crop yield and food quality. Syngenta is operational in Malaysia through its subsidiary Syngenta Crop Protection Sdn Bhd, which provides crop protection solutions.
The company focuses on partnerships and agreements in order to gain market prominence in the biopesticides industry. For instance, Syngenta partnered with Royal DSM (The Netherlands) to develop microbial-based agricultural solutions, such as biocontrols, biopesticides, and biostimulants. This partnership helped Syngenta to expand its product portfolio.