The global manufacturers are continuously working on developing new solutions for eco-friendly herbicides and bio-based solutions for seeds and crops. BASF is among the most active player in developing these new solutions since last year.
Global companies including Bayer, Adama are seeking partnership/ collaboration with bio-based start ups to develop new innovative products for crop protection control due to increasing demand of agriculture microbial solutions, reduction in development cost and rising adoption of IPM practices.
The increasing preference of naturally occurring biocatalyst in the animal feed industry, microbial enzymes are creating huge opportunities among the manufacturers of animal feed nutrition. Animal feed is the most costlier item in the poultry and livestock production, the use of microbial enzymes enable producers to produce more meat per animal or to produce the same amount of meat cheaper and faster.
The new product development for probiotic supplements has witnessed burgeoning growth in the recent years. This is due to the growing consumer awareness on the numerous health benefits of probiotic especially in the backdrop of rising antibiotic usage. The growing demand for dietary supplements and food & beverages along with increasing consumer health consciousness contributes significantly for industry growth.