Chemical leasing and nanotechnology for agriculture sector

Abstract

During recent years the service-oriented business approach of Chemical Leasing has been researched and implemented at various companies of different industry sectors around the globe. The novel business model promotes sustainable use of chemicals through linking the supplier’s sales income to chemical performance. Experiences show that key elements of a successful application of chemical leasing are know-how exchange and process optimization. Excessive use of chemicals in the agriculture sector emphasizes the potential in application of chemical leasing in the country. Nanotechnology is a major emerging technology, which can revolutionize the agriculture sector by employing special nanoscale properties of matter. It can be applied to agrochemicals and fertilizer in order to improve quality and safety, as well as reduce environmental and health effects. Sri Lanka as a country based on an agricultural economy has the potential to use these new technologies for its socio- economical development. Global need of ecologically sustainable farming system, increasing global nano food market, growing demand for safe and healthy food, threat from changing weather conditions and increasing risk of diseases to plants highlight the opportunities. The proposed model performs as a national frame work for management of agrochemicals in the country. The research “chemical leasing & nanotechnology in agriculture sector” introduces the use of Blue Ocean strategy to enter the sustainable farming system.