BIOSTIMULANTS MARKET ANALYSIS

Market News

Global Biostimulants Market: Recent Developments

• In 2021, UPL Limited (India), and Novozymes (Denmark), announced a partnership to provide a range of biological products to the Argentina Biological products are manufactured by Novozymes, and are marketed under the 'Nitragin' brand, a part of UPL's portfolio, and thus, providing a complete range of bio-solutions and crop protection products. United Phosphorus Ltd, is a chemical company that develops and manufactures agricultural protection products. Novozymes is the world leader in industrial enzymes.
• In 2021, UPL Limited (India) and Chr Hansen Holdings A/s, announced a collaboration to develop microbial-based biostimulants and biopesticides for improving crop quality and yield. This helped companies in entering the crop protection sector in various geographies. Chr Hansen Holdings A/s develop and manufacture world class, natural solutions and ingredients within the food, nutritional, pharm and agricultural industries
• In 2021, FMC Corporation (U.S.), announced the launch of Biologicals by FMC, a new brand identity for its plant health business segment. This label is used to sell biostimulants, biofungicides, and other plant health products.
• In 2021, (Israel), acquired 51% stake in Huifeng's key crop protection synthesis and formulation facilities. As a result, the company anticipates significantly increased commercial reach in China as well as competitive operational capabilities to support its global company.