Futureworld Unveils Innovative Value Proposition to Transform Agricultural Food Waste and Combat Climate Change

Futureworld pioneers a regenerative approach to agriculture with the launch of Grow-X, a groundbreaking initiative focused on creating a circular economy through innovative fertilizer solutions.

Sandton, Gauteng, South Africa – August 28, 2024 —

Futureworld, a leader in developing future-relevant business models, has announced the launch of its latest venture, Grow-X, an ambitious initiative designed to transform food waste into eco-friendly fertilizer. This innovative value proposition aims to tackle climate change and enhance food security in Africa by leveraging the principles of a circular economy.

As the world faces a climate crisis, the need for regenerative agricultural practices has never been more critical. Fertilizers, while essential for food production, contribute to 5% of global emissions, more than the combined output of aviation and shipping industries. Most of these emissions occur directly on farms, presenting a significant environmental challenge. Recognizing this, Futureworld’s Grow-X seeks to reduce these emissions by converting food waste into nutrient-rich fertilizer, providing a viable solution to feed the continent and mitigate the impact of climate change.

Africa’s population is expected to nearly double by 2050, reaching 2.5 billion. To meet this growing demand, local food production must increase significantly. However, most African countries rely heavily on imported fertilizers, which are often expensive and contribute to high levels of food inflation and insecurity. In 2022 alone, global instability and supply constraints caused fertilizer prices to triple, contributing to an average food inflation rate of 24% on staple foods across the continent.

Grow-X aims to address these challenges by creating sustainable, locally produced fertilizers that not only reduce environmental impact but also provide a more affordable alternative for farmers. By focusing on the circular economy, Futureworld is turning the problem of food waste into a solution for both agricultural productivity and climate resilience. This approach supports the development of a more self-sufficient agricultural sector in Africa, reducing dependence on imported fertilizers and enhancing food security across the region.

With an estimated market size of $12 billion by 2028, the African fertilizer market presents a significant growth opportunity for innovative solutions like Grow-X. Futureworld aims to capture 4% of this market, representing a $500 million opportunity. By providing regenerative crop nutrients, Futureworld is fostering new revenue streams for food producers and supporting regenerative agricultural practices that can withstand the challenges posed by climate change and a rapidly growing population.

Through collaboration with organizations and co-investment with clients, Futureworld is committed to building regenerative businesses that can thrive in a future shaped by environmental challenges. Grow-X represents a significant step towards achieving this vision by promoting a circular economy that benefits both people and the planet.

For more information about Grow-X and other Futureworld ventures, please visit www.futureworld.org

About the company: About Us: Futureworld International Limited is a leading strategic innovation consultancy that partners with the world’s largest companies to help them reimagine their futures and commercialize game-changing new businesses. With a team of experienced consultants and futurists, Futureworld offers a range of services designed to drive innovation, growth, and sustainable success. The company’s annual Provocative Scenarios publication is a testament to its commitment to thought leadership and strategic foresight.

Contact Info:
Name: Jan-Adriaan du Plessis
Email: Send Email
Organization: Futureworld International Limited
Address: Katherine & West, 114 West St, Sandown, Sandton, 2031
Website: https://futureworld.org

Video URL: https://www.youtube.com/watch?v=MFmMaXm8bPw

Release ID: 89139445

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