Agricultural input manufacturer Crystal Crop Protection Limited has recently secured the trademark for the herbicide Gramoxone from Syngenta, with exclusive rights for its application in the Indian market. This strategic move is poised to expand Crystal Crop Protection’s market presence and cater to a broader base of farmers in India. The inclusion of Gramoxone into Crystal Crop Protection’s portfolio is anticipated to play a pivotal role in the company’s efforts to connect with more agricultural stakeholders and make substantial contributions to its overall growth, as stated by the company.
Crystal Crop Protection has been implementing a growth-oriented strategy through targeted acquisitions, with this latest transaction marking the eleventh such move and the second in the year 2023. In a prior acquisition earlier this year, Crystal successfully obtained the Sadanand portfolio of Cotton Seeds from Kohinoor Seeds. In 2021, the company further expanded its footprint by acquiring the seed portfolios of cotton, pearl millet, mustard, and sorghum from Bayer.
Over the period from 2018 to 2022, Crystal has demonstrated success in acquiring various agrochemical and seed brands from renowned multinational companies, including Syngenta, FMC, and Dow-Corteva. In 2018, the company strengthened its operational capabilities by acquiring a manufacturing unit from the Solvay group in Nagpur.
As reported by businessline, the agricultural sector in India has experienced a shift towards herbicide adoption, witnessing a growth of 15-20% over the last decade. Farmers, recognizing the benefits of innovative approaches to enhance crop yields, have increasingly embraced herbicides as an alternative to manual weeding. This trend is expected to bring about a significant improvement in agricultural production in India, reflecting a broader transformation in farming practices.
