The United Nations Department of Economic and Social Affairs (UNDESA) forecasts that the global population will reach around 9.7 billion by 2050, and it could further surge to approximately 11 billion by 2100. The population boom will create an excessive demand for food crops in the forthcoming years. The population explosion would, therefore, put immense pressure on the agriculture community to augment the volume of the crops produced. To keep up with the mounting pressure, farmers are already using agriculture micronutrients in abundance.
Moreover, the surging popularity of contract farming will boost the adoption of agricultural micronutrients in the forthcoming years. Governments across the world are introducing several initiatives to support the concept of contract farming. This agricultural practice involves an agreement between food processing firms and farmers for producing and supplying farm products at predetermined prices. Under the terms of the contracts, crop buyers have to provide a certain degree of production support, such as technical expertise and raw materials (seeds, fertilizers, and biocides), to farmers.
Zinc, boron, iron, manganese, and molybdenum are the most-commonly used micronutrients by farmers. In recent years, the agricultural community has shown the highest preference for zinc as it promotes plant growth, increases the yield of agronomic crops, and improves disease control. These substances are being used in the production of cereals and grains, oilseeds and pulses, and fruits and vegetables. The micronutrients are added through soil, foliar, and fertigation.
The micronutrients offered by FMC Corporation, Haifa Group, Akzo Nobel N.V., Chambal Fertilisers and Chemicals Limited, BASF SE, Coromandel International Limited, Sinochem Group, The Mosaic Company, and SAPEC SA are based on diethylenetriaminepentaacetic acid (DTPA), ethylenediaminetetraacetic acid (EDTA), ethylenediamine- N,N'-bis (2-hydroxyphenylacetic acid) (EDDHA), and N,N′-bis(2-hydroxyphenyl)ethylendiamine-N,N′-diacetic acid (HBED). Additionally, these companies are also involved in the production of non-chelated agricultural micronutrients, which are more economical than other variants, therefore widely used in Indonesia, China, and India.
Geographically, Asia-Pacific (APAC) dominated the agricultural micronutrients market in the preceding years, and it is expected to retain its dominance in the upcoming years. This can be ascribed to the low biofortification of crops and high deficiency of micronutrients in the soil due to continuous sowing and reaping cycles in the region. Moreover, the rising number of government initiatives for educating farmers about the benefit of adding micronutrients to the soil and mounting income level of the people of India, Indonesia, and China will boost the consumption of such agents in the forthcoming years.
Thus, the booming global population and increasing practice of contract farming will create a huge requirement for agricultural micronutrients.
1 November 2018, the global Healthcare BPO Market size is expected to witness high growth over the forecast period.
These factors are driving the adoption of BPO in the medical sector.High prevalence of various diseases has increased workload of medical institutions.
Through adoption of outsourcing solutions, these organizations are able to focus on their core activity to maintain quality of service.
Database management and analysis are the key activities requiring professionals with adequate interpretation skills.
Staff recruitment for such activities turns out to be a costly affair.
Hence, hospitals find it easy to partner up with service providers located at distant locations.However, risks associated with this business model are major restraints hampering overall growth of the healthcare BPO market.
The medical sector is growing rapidly.
As healthcare and medicine are two very important parts of human life.
These two things are always in demand all around the world as every person requires medical help at some point in their life.
According to the studies, the medical sector has developed drastically and is making huge amounts of money if compared to the last couple of years.
But still, in many countries, there is lack of medical centers that treat patients and even provide an area for staying.
Open your own physical therapy center where you can help disabled patients to perform a basic task.
