Syngenta-Nippon agreement likely to push biofertilizers market demand

Syngenta AG, one of the globally renowned agrochemicals manufacturer and a prominent player of biofertilizers market, has scarcely announced its decision to ink an agreement with Nippon Soda. This licensing deal is related to seed treatment and focuses on Picarbutrazox – the active ingredient from a chemical class discovered by the Japanese chemical company.

Reportedly, Picarbutrazox depicts highly reliable and an excellent performance with regards to controlling the damping off of Pythium and seedling blight diseases under numerous cropping systems. This in consequence is expected to help farmers to adopt no-tillage cropping systems to avoid the expenses of replanting, enable soil protection, and obtain benefits through higher yields and better germination.

The seed treatment deal is also expected to marginally influence the sales of nitrogen-fixing and phosphate-solubilizing biofertilizers that are extensively used in seed treatment. Analysts are indeed of the opinion that the licensing deal would expedite biofertilizers industry growth.

Chinami Yokota, the Director of the Development Department for Nippon Soda has been quoted stating that the company, already endowed with strong research capabilities, has made quite a strategic decision to partner with Syngenta to widen the deployment of Picarbutrazox in applications apart from foliar treatment.

Incidentally, Picarbutrazox’s initial registrations on seed treatment are expected to debut in Canada and the United States in 2019.

Syngenta Seedcare’s Global Head, Ioana Tudor, reportedly states that the company is rather enthused to expand the scope of this technology in the seed industry and in the global farming sector. She further added that Picarbutrazox has the potential to strengthen Syngenta’s Pythium control portfolio mefenoxam & azoxystrobin technology in myriad crops.

Incidentally, the Switzerland biofertilizers market player has also made it to the headlines this week for its settlement to the state. According to NBC RightNow, Syngenta Seeds in Pasco will be paying close to USD 20,000 as a settlement for the improper handling of potentially dangerous waste.