Marta Ruiz of AlphaBio expressed excitement over the deal, noting that the new bioinsecticide will provide arable farmers with an environmentally friendly option to reduce the impact of food production on nature.
The product's integration into Bayer’s existing pest management systems is expected to enhance cost efficiencies, making it a viable option even for large-scale applications where cost has previously been a prohibitive factor.
Ralf Glaubitz, responsible for Global Asset Management at Bayer, highlighted the increasing market demand for such innovative solutions. With ambitious sales targets set for the next decade, Bayer is poised to lead the market in biological solutions that cater to modern agricultural needs.
This initiative supports Bayer's broader environmental goals, including a significant reduction in the environmental impact of their crop protection portfolio by 2030, without compromising crop health and productivity.