HONG KONG, 11 May 2025: BASF’s agricultural division is targeting growth in Asia and the global seeds market as it prepares for a potential stock market listing by 2027, a senior executive said.
Livio Tedeschi, President of BASF Agricultural Solutions, told Reuters the unit aims to increase seed revenue from 22% to 25% of overall sales. This push will be supported by innovations like hybrid wheat and pest-resistant soy varieties, as well as potential collaborations and strategic acquisitions.
The unit also plans to intensify its presence in Asia, a region where it remains under-represented. "When measured by market share, we are under-represented in Asia. We want to increase our market share," said Tedeschi.
In 2024, BASF's agricultural business generated €9.8 billion ($11.1 billion) in global sales, with only 11.6% coming from Asia. North America contributed 39.8%, Europe 24.6%, and South America 24%.
Tedeschi emphasized that separating the agri-unit from BASF’s broader operations grants it more strategic autonomy and enables continued investment in innovation, maintaining R&D spending at 9–10% of sales.
Despite global economic uncertainties and trade tensions—especially around U.S. tariffs—parent company BASF recently reaffirmed its earnings outlook.
