Increasing use of agrochemicals to foster the demand for 1,5-cyclooctadiene
Category: #business |   By Hrishikesh Kadam |   Date: 2021-01-07  | 
  • Share
  • Twitter
  • Facebook
  • LinkedIn

Increasing use of agrochemicals to foster the demand for 1,5-cyclooctadiene

Looking toward sufficing the hunger of about 7.8 billion people worldwide, the agriculturists have been undertaking all potential measures to provide arable land to a greater population. This now seems possible due to the rising popularity of agrochemicals rich in 1,5-cyclooctadiene compound.

To be precise, 1,5-cyclooctadiene is generally used in agrochemicals like pesticides and fertilizers in an effort to enhance the crop health. In this case, it would be pivotal to mention that escalating sales of fertilizers and pesticides could augment the demand for 1,5-cyclooctadiene to a much larger extent in the years to come.

Asia: Scaling up the agrochemical industry with distinct measures

The growth of 1,5-cyclooctadiene market is expected to be driven by the increasing trend of organic farming and sustainable agriculture in conjugation with the rising adoption of modern agricultural practices. In fact, various developing countries have been introducing programs and regulations that ensure the superior quality of crops and arable farms.

For instance, the Indian government, had in 2015, announced the launch of PMKSY (Pradhan Mantri Krishi Sinchai Yojana) which lays focus on improving the farm efficiency and ensuring better consumption of the resources in the country. The budget set for this initiative was somewhere around USD 379.8 million.

Supporting the increasing demand for pesticides and its regulatory use, the federal government in the country had in December 2020 unveiled a Pesticides Management Bill 2020 (PMB20) to redesign the current regime in line with global developments and safeguard the interests of farmers and India’s agriculture sector. The novel PMB 2020 is anticipated to embrace the provision of regulating the production, import, trade, distribution, and use of pesticides in order to prevent risk to human beings and animals. Moreover, it is also likely to set right a number of challenges in the regulatory regime around pesticides in the nation.

Speaking of the challenges for farmers and farm cultivators globally, it was observed that Abu Dhabi Investment Office (ADIO) had in April 2020 inked strategic partnership with four agricultural tech firms to curtail the issues faced by the crop producers and harvesters. Initiatives undertaken under such partnerships all around the region may present key opportunities for 1,5-cyclooctadiene providers.

As per credible sources, the firms are likely to establish R&D and manufacturing units in the emirate with an aim of setting up a farmland in the desert and solving the global agriculture challenges being faced over the years. An important point to note here is that the organization had planned on investing USD 100 million in individual tech firms including Madar Farms, AeroFarms, Responsive Drip Irrigation, and RNZ. This certainly suggests a considerable potential for agro companies as well as material suppliers.

Ongoing researches to catalyze the development and applications of 1,5-cyclooctadiene

Research and development activities have formed a strong foundation for the growth and prominence of any compound, product, or a solution. Likewise, for the surging popularity of 1,5-cyclooctadiene, it would be essential to unveil the recent research being carried out by the University of Illinois for development of polymeric material.

According to a research paper it was reported that the researchers used a mixture of two monomers, namely dicyclopentadiene and 1,5-cyclooctadiene to create materials tailormade for an expansive range of applications.

Such ongoing R&D activities are proving to be a critical step in the development of 1,5-cyclooctadiene compound. Over the next few years, more agrochemical markers can produce products that are high in these compounds and augment the land productivity over the coming years.

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Berlin’s Habyt bags USD 24 Mn in Series B funding, acquires Homefully
Berlin’s Habyt bags USD 24 Mn in Series B funding, acquires Homefully
By Hrishikesh Kadam

Habyt has reportedly secured USD 24 million in a Series B funding round which was led by Vorwerk Ventures, HV Capital, Picus Capital, and P101. Berlin’s prop-tech startup has also acquired Homefully, a Frankfurt-based co-living solutions provid...

Abu Dhabi sovereign fund ADQ planning to invest USD 500 Mn in Flipkart
Abu Dhabi sovereign fund ADQ planning to invest USD 500 Mn in Flipkart
By Hrishikesh Kadam

The Walmart-owned online retailer could be valued at USD 35 billion following ADQ investment. Flipkart intends to raise USD 3 billion from investors ahead of its IPO. ADQ, Abu Dhabis sovereign fund, is reportedly planning to invest USD 500 milli...

Niyo takes over Index to allow users to organize bills & finances
Niyo takes over Index to allow users to organize bills & finances
By Hrishikesh Kadam

Niyo, an Indian fintech company, has recently announced the acquisition of Index, a Bengaluru-based personal finance startup, for an undisclosed sum. Following the takeover deal, the team at Index including Kumar Siddhartha and Anand Krishna, i...