On the downside, biofertilizers need major investments and long timelines to meet stringent research and testing requirements. The barriers to market entry are high, as regulatory processes are expensive, involving expert teams, sophisticated research and field trials. Since not many companies are capable of developing reliable products, there are few tested brands in the market.
Additionally, purchasing processes often involve several time-consuming steps, such as technical decisions at the seed retailer and farmer levels, as well as price decisions at the purchasing agent level.
Working closely with value chain participants, including seed retailers, farmers, and purchasing agents will help build strategies to meet the market’s regulatory and technological challenges.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan