COMMERCIAL OPPORTUNITIES AND MARKET DEMAND FOR NANOTECHNOLOGIES IN AGRIBUSINESS SECTOR

Agribusiness is projected to be a $ 2.9 trillion USD industry in global investment by 2030 (World Bank 2013). Nanotechnology is poised to impact dramatically on all sectors of agribusiness industry in the next 10 years. Nanotechnology could be used to enhance the possibilities of developing conventional and stranded agribusiness resources. Nanotechnology can make the industry considerably greener and competitive, with its current growth rate of 25% (US$ 1.08billion) annually. The opportunity for application of nanotechnology in agriculture is prodigious. It is well recognized that adoption of new technology is crucial in accumulation of global wealth and market value which now stand at US$ 1.09 trillion in estimated value.

Journal of Technology Management & Innovation, Volume 10, Issue 1, Published In 2015

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top