WORLD’S agribusiness giant Syngenta and its new owner ChemChina unveiled new ambitions Tuesday, eyeing a place of top three in global seeds business by further expansion in emerging markets, especially China.
The company said it intends to profitably grow market share through organic growth and collaborations, and is considering targeted acquisitions with a focus on seeds. The goal is to strengthen Syngenta’s leadership position in crop protection and to become an ambitious number three in seeds.
For that end, further expansion in emerging markets, notably China, will be the key in the future.
In 2016, the Asia-Pacific region only stood about 15 percent of Syngenta’s annual sales, reaching 1.84 billion U.S. dollars, while the rest regions, North America, Latin America, as well as Europe, Africa and the Middle East, all contributed more than 3.2 billion U.S. dollars.
In addition to market growth, increasing efforts in digital agriculture and ongoing investment in new technologies to increase crop yields, as well as reducing CO2 emissions and preserving water resources, will also play a major role in securing the company’s leadership.