Global Trend Of Biotechnology
Embracing the Global Trend of Biotechnology
Agriculture has historically been Swaziland’s key economic activity and main contributor to the country’s GDP, but the government has now adopted a long-term economic view aimed at developing value-added biotechnology industries for spearheading research and commercialising the results thereof as well as attaining more diversified success in international trade.
The Global Trend of Agriculture-related Biotechnology Industries
Giant Market; In 2007, bio-energy accounted for 14% of the total amount of global energy, oil (34.4%), coal (24.4%) and natural gas (21.2%). From 2005 to 2030, it is forecasted to have a higher growth rate than all other energy types. The ever-increasing sales value for global cosmetics & toiletries in the year 2006 (US$270 billion) increased by 17% when compared to the amount in the year 2004 (US$230 billion).
Seizing the Opportunity
As one of the major agriculture product exporters in Africa, Swaziland’s promise of potential in boosting the biotechnology trend is fueled by:
- A solid base for agriculture, food processing and related industries.
Swaziland possesses considerable strength in Sugar, Cotton and food processing among its manufacturing industries while the Matsapha Industrial Estate presents favorable conditions for the start-up and development of agriculturerelated biotechnologies.
- Abundant raw materials for bio-fuel, bio-energy and health food industries.
Corn and sucrose are available to serve as raw materials for bio-fuels. Aloe is available to be processed into drugs and cosmetics. Traditional herbal medicines offer potential for processing other health-related goods.