BASF acquired ASL, a leading French manufacturer of specialty lubricants for the automotive and industrial sectors. This acquisition strengthens BASF's position in the high-performance lubricants market and expands its geographical reach.
BASF successfully closed the acquisition of a range of businesses and assets from Bayer, including crop protection, biotech and digital farming activities, seeds, non-selective herbicides, and nematicide seed treatments. This significantly expanded BASF's agricultural solutions portfolio and created new opportunities for growth.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5590
Published Date: Jan 31, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for farming sector is the major factor driving the market growth.
The market size of sustainable crop protection chemicals is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.
The major players in the market Bayer CropScience, BASF SE, Syngenta AG, Corteva Agriscience, FMC Corporation, Marrone Bio Innovations, and others.
The farmers segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.