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| Application Area | Innovation Aspect | Benefits | Challenges |
|---|---|---|---|
| Pharmaceuticals | Enhanced Drug Formulation | Improved Efficacy and Safety | Regulatory Approval Processes |
| Agriculture | Sustainable Pest Management | Environmental Protection | Product Adoption by Farmers |
| Cosmetics | Natural Ingredient Development | Consumer Preference | Supply Chain Transparency |
| Food Industry | Food Preservation Techniques | Extended Shelf Life | Consumer Health Concerns |
| Environmental Science | Bioremediation Technologies | Efficient Pollution Clean-Up | Public Awareness and Engagement |