Demand for biomedical bio-plastic has is increasing year on year due to its various end users in superabsorbent, adhesive, antimicrobial plastics etc. There is a significant increase in the demand for antimicrobial products in Healthcare sectors and medical appliances. This is one of the main reasons for the growth of this market. Many new applications have emerged due to commercialization of the manufacturing techniques of biomedical technology. Medical bio-plastic market has huge potential in the future, as it would create a range of applications, namely in industries such as surfactants industry, medical sector, health and packaging, adhesives & sealants industry etc.
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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 […]
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