BASF Strengthens Innovation Pipeline for Sustainable Agriculture

BASF R&D Agricultural Solutions

With solutions launching throughout the next decade, the pipeline supports the BASF’s goal to annually increase its sales share of agricultural solutions with substantial contribution to sustainability by 7%.

BASF strengthens its activities in research and development (R&D) for sustainable agricultural innovations to continue helping farmers to overcome environmental and economic challenges as well as meeting consumers’ demand for more sustainably produced food. With solutions launching throughout the next decade, the pipeline supports the company’s goal to annually increase its sales share of agricultural solutions with substantial contribution to sustainability by 7%.

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By 2030, more than 30 major R&D projects will complement BASF’s connected offer of seeds and seed treatment products, chemical and biological solutions, as well as digital services. This brings the pipeline to an estimated peak sales potential of more than €7.5 billion. In 2020, BASF spent €840 million in Agricultural Solutions R&D, representing around 11 percent of the segment’s sales. In 2021, the company will continue to invest in agricultural R&D at a high level.

“BASF leads in solutions for sustainable agriculture. In addition to developing innovations, we also provide a connected offer, combining effective products as well as new technologies and services, tailored to farmers’ needs,” said Paul Rea, Senior Vice President, BASF Agricultural Solutions North America. “Sustainability is engrained in our entire R&D process. It leads the way in how we develop our innovations which help farmers produce more crops and increase efficiency while preserving natural resources.”

BASF has committed to ambitious sustainability targets for its agriculture business by 2030. Besides increasing the annual sales share of sustainable agricultural solutions, farmers will be supported in reducing their CO2 emissions by 30% per ton of crop produced. Further, the company strives to apply digital technologies on more than 400 million hectares of farmland cumulatively by 2030, while continuing to ensure the safe use of its products. BASF remains committed to developing solutions that drive the transformation of the agricultural food system for the better.

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