Monsanto and Sumitomo Collaborate to Develop Next Generation PPO Technologies

United States: Monsanto Company, a US based agricultural product manufacturer, has signed an agreement with Japanese based Sumitomo Chemical Company to develop new generation PPO technologies, with focus on producing weed control solutions. Under the terms of the agreement, the two companies would work in parallel to develop an integrated system of biotechnology, germplasm and crop protection, which would help agriculturalists across the globe to manage tough-to-control weeds. Additionally, as per the agreement, the two companies would work together to commercialize key PPO chemistries of Sumitomo Chemical, including new generation PPO herbicide, for application in the future generation weed management system of Monsanto.

TechSci Research depicts that the partnership between Monsanto Company and Sumitomo Chemical Company would lead to the development of technologically advanced weed control solutions, which would prove extremely beneficial for agriculturalists across the globe. Furthermore, the new generation PPO technologies would complement the developments in the global fertilizer industry.

According to recently published TechSci Research report, “Global Water Soluble Fertilizers Market By Type, By Composition (Straight and Complex), By Grade (NPK, NP, PK and Others), By Structure, By Application, By Crop, By Region, By Sales Channel, Competition Forecast and Opportunities, 2011-2021”, the global water soluble fertilizers market is projected to grow at a CAGR of over 5% during 2016-2021, on account of rising population, growing demand for food grains, and rising concerns related to depleting ground water resources. Water soluble fertilizers are also being extensively used in order to increase yield, as they are easy to apply and require less amount of fertilizers and water usage. Water soluble fertilizers dissolve faster, have a higher utilization rate and are absorbed quickly as compared to conventional chemical fertilizers.