Market potential study of NutrioTM biofertilizer for sugarcane and eggplant

Ericka Shane  R. Labilles,; Nohreen Ethel  p. Manipol,

Market potential study of NutrioTM biofertilizer for sugarcane and eggplant

Nohreen Ethel p Manipol | Ericka Shane R. Labilles

Abstract:

Nutrio is a new foliar spray biofertilizer inoculant containing endophytic TM bacteria that has been tested for improved yield of sugarcane. The product has also been proven effective for eggplant production. Although Nutrio has TM already been in the market, it was still operating on a small-scale during the time this research was conducted. This PCAARRD-funded study looked into the market potential of Nutrio as biofertilizer for sugarcane and eggplant. TM Specifically, this research aimed to a) define the potential market for Nutrio , TM which was anchored on the sugarcane and eggplant commodity systems analyses, b) determine the level of awareness, perceptions/evaluations and willingness of the potential market to use/buy Nutrio , c) estimate the market TM requirements for Nutrio , d) identify market-related challenges toward the TM commercialization of Nutrio and e) recommend pathways for the TM commercialization of Nutrio. Three provinces were randomly selected for each TM commodity, namely, Batangas, Iloilo and Negros Occidental (for sugarcane), and Pangasinan, Iloilo and Cagayan (for eggplant). A total of 148 farmerrespondents were interviewed. Key informant interviews and literature review were also conducted. Both qualitative and quantitative data analyses were employed. Nutrio biofertilizer can be considered as a promising technology TM based on the responses of the sugarcane and eggplant farmers interviewed. Among 148 respondents, 134 (91%) were willing to buy the product. Establishing a new enterprise for manufacturing and selling of the technology of 435,870.56kg of the product for both sugarcane and eggplant market would be profitable. Furthermore, distribution of the product through existing enterprises would also be profitable, with an additional potential income of PHP64,523,630.00 if product distributorship would be adopted. Some strategies to expand the business scale of Nutrio , such as the improvement of product packaging, product demonstration and field testing and product label expansion as well as adoption of distributorship for the technology to realize its full potential were recommended.

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