Bayer AG acquired Asklepios BioPharmaceutical, a U.S.-based gene therapy specialist, for approximately USD 4 billion. This acquisition was part of Bayer's strategic expansion into the field of cell and gene therapies.
In one of the largest mergers in the agrochemical industry, Bayer acquired Monsanto for approximately USD 63 billion. This acquisition brought together two major players in the agricultural sector, with Monsanto's expertise in seeds and traits complementing Bayer's crop protection and chemical portfolio.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5246
Published Date: Sep 19, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for agriculture is the major factor driving the market growth.
The market size of biorational fungicides is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.
The major players in the market are Bayer AG, Syngenta Group, BASF SE, Corteva Agriscience, Isagro S.p.A., Certis USA, and others.
The gardening segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.