Market News
Recent Developments
New product launches
- Ihara Kyojin (Pyroxasulfone + Flumioxazin) is a pre-emergence herbicide that is designed to control resistant weeds in soybeans and corn. It is the first product to combine pyroxasulfone with flumioxazin, which is another effective herbicide for controlling resistant weeds. Ihara is a Brazil-based company that specializes in the development and production of agrochemicals including herbicides, insecticides, and fungicides. The company has been in operation for 57 years and has worked side by side with farmers to develop new technologies that help protect the productive potential of various crops.
- Best Agrolife Pyroxasulfone 85% WG is a pyroxasulfone technical product that is manufactured in India. It is the first pyroxasulfone technical product to be manufactured in India, and it is expected to be launched in the market in October 2023. Best Agrolife Limited (formerly known as Sahyog Multibase Limited) was incorporated as a Public Limited Company on January 10, 1992. The company is a leading agrochemicals manufacturer and is among the top 15 agrochemical companies.
Acquisition and partnerships
- In 2021, Badische Anilin und Soda Fabrik (BASF) acquired the rights to pyroxasulfone from Bayer CropScience . This acquisition gave BASF a leading position in the pyroxasulfone market, and it also allowed the company to expand its portfolio of herbicides. BASF SE, an initialism of its original name Badische Anilin- und Sodafabrik, is a European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. Bayer AG is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world.
- In 2022, Syngenta and Sumitomo Chemical announced a partnership to develop and commercialize pyroxasulfone-based products. This partnership is expected to help both companies expand their reach in the pyroxasulfone market. Syngenta AG is a provider of agricultural science and technology, in particular seeds and pesticides with its management headquarters in Basel, Switzerland. It is owned by ChemChina, a China-based state-owned enterprise. Sumitomo Chemical Co., Ltd. is a major Japanese chemical company. The company is listed on the first section of the Tokyo Stock Exchange and is a constituent of the on the Nikkei 225 stock index. It's a member of the Sumitomo group and was founded in 1913 as a fertilizer manufacturing plant.
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