Government strategies such as reducing fertilizer losses by at least 50% by 2030 are driving innovation in the sustainable agrochemicals market
San Antonio, January 17, 2023 /PRNewswire/ — Ongoing changes in the agricultural industry — rapid climate change and loss of biodiversity — create lucrative growth opportunities for agrochemical technology developers.According to a recent report by Frost & Sullivan Sustainable Agrochemicals Crop Protection Market, the need to protect crops and reduce agriculture-related emissions encourages technology developers to create solutions that enable farmers to increase agricultural productivity sustainably. Additionally, government strategies such as the proposed 50% reduction in fertilizer loss and 20% reduction in fertilizer consumption by 2030 are expected to drive innovation in the sustainable agrochemicals market.
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“Global governments’ emphasis on adoption of green technologies in agriculture, coupled with companies’ emphasis on developing zero-discharge technologies, will accelerate the growth of the sustainable agrochemicals market,” he said. pranja tripathiChemistry, Materials and Nutrition Research Analyst at Frost & Sullivan“In addition, international organizations will encourage farmers to adopt such technologies, such as FAO’s action to promote advanced technologies to reduce agriculture-related greenhouse gas emissions.”
Tripathi added: “Advances in high-efficiency fertilizers (EEF) are among the most important innovations contributing to the sustainability of crop protection. Furthermore, fertilizer upcycling is another trend supporting sustainability in the field; technology, these fertilizers can be converted to convert organic or industrial waste into fertilizer.”
To reap the benefits of the expanding sustainable agrochemical industry, agricultural technology developers should:
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focus on Strategic cooperation and mergers and acquisitions Accelerate formulation development with biotech market players.
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Collaboration with the research academia enables technology developers to address challenges associated with high installation and production costs, enabling commercial scaling of these technologies.
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Establish strategic partnerships for new product development.it’s critical for development nanomaterials Used in agrochemicals with good properties.
Growth opportunities in sustainable agrochemicals for crop protection Is the newest member of Frost & Sullivan Chemicals, Materials & Nutrition Through research and analysis provided by the Frost & Sullivan Leadership Council, which helps organizations identify ongoing growth opportunities to succeed in an unpredictable future.
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Growth opportunities in sustainable agrochemicals for crop protection
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SOURCE Frost & Sullivan
