The steadily increasing demand for food calls for innovative solutions to meet the needs of a world that will be inhabited by over 9 billion people in 2050.
It comes as no surprise that the world is being transformed by demographic megatrends underpinned by a growing global population and a rising middle class in emerging economies. Securing a sustainable food supply represents one of our times' most significant challenges. Hence, one of the UN Sustainable Development Goals (SDGs) is tackling food waste and hunger. A third of the world’s food is wasted even though over 820 million people are undernourished.
The agrochemical industry has a pivotal role in finding and implementing solutions. This includes developing new pest-resistant and drought-resistant crops which necessitate the creation of novel compounds and technologies to nurture plants, thereby forming the foundation of our global food supply.
Another aspect is meat production through effective and sustainable animal feed. Despite farmers being heavily relied upon for food security, they face growing food safety regulations and continuously increasing food quality standards. Back in 2006 European Union banned the use of antibiotic growth promoters and from 2022 the use of glyphosate as total herbicide will be banned as well.
The restrictions on antibiotics in feed additives means farming practices must adapt to new practices favouring the health and well-being of animals. As animal feed represents a substantial portion of farmers' operational costs, optimizing efficiency on that front is of preeminent concern.