<divclass="h1">Introduction: Mission, Problem and Solution</div>
<p>The Fertilizers Market size is estimated at 381.7 billion USD in 2024, and is expected to reach 541.2 billion USD by 2030 <ahref="#fertilizermarket"style="color: #185A4F;">[4]</a>. This is not surprising because as the global population increases, so does the need for food. While it is a significant source of agricultural productivity, and thereby economic development, the price of fertilizers has reached a record high <ahref="#fertilizerprice"style="color: #185A4F;">[5]</a> (see figure below). In the past three decades, farmers have seen a 250% increase in costs for pesticides and agricultural chemicals, making it difficult for them to perform their work optimally, especially in developing countries, where forty-nine million people in 49 countries are on the brink of famine<ahref="#famine"style="color: #185A4F;">[6]</a>. For optimized food safety and production, it is critical that all farmers receive the fertilizer they need quickly and at affordable prices<ahref="#famine"style="color: #185A4F;">[6]</a>, but the market seems not to be on their side.
<p>What if we could reach that optimal point without the need for fertilizers? For example, by <strong>manufacturing genetically modified seeds that produce crops capable of fixing their own nitrogen?</strong> In addition to saving farmers billions and saving thousands of lives,we could create this hypothetical new product that would revolutionize the food market as we know it. Is this possible, and is it beneficial for the market? We explored the possibility of commercializing the potential product that our research would lead to, NitroBLAST seeds. This was done by our entrepreneurship team and our ideas to realize our potential company NitroBLAST are elucidated on this page.
<p>What if we could reach that optimal point without the need for fertilizers? For example, by <strong>manufacturing genetically modified seeds that produce crops capable of fixing their own nitrogen?</strong> In addition to saving farmers billions and saving thousands of lives,we could create this hypothetical new product that would revolutionize the food market as we know it. Is this possible, and is it beneficial for the market? We explored the possibility of commercializing the potential product that our research would lead to, NitroBLAST seeds. This was done by our entrepreneurship team and our ideas to realize our potential company NitroBLAST are elucidated on this page.
