Nano-Fertilizers Market to Cross $1599.48 million Revenue by 2030

Nano-Fertilizers Market Overview

“The Nano-Fertilizers Market Predictable at $395 .56 million in 2022, is estimated to increase at a CAGR of 14.9% from $545.56 million in 2023 to $1599.48 million by 2030.”

The global market for nano fertilisers is expanding rapidly due to the growing demand for food crops and the need to feed everyone, with growth expected in the next five years.

Nanofertilizers are beneficial for nutrition management due to their ability to increase nutrient consumption efficiency. They bond nutrients to nano-dimensional adsorbents, allowing for progressive nutrient release, reducing fertilizer loss into ground water. They also enhance plant tolerance to abiotic stress. Nanobiofertilizers, which are mixed with microbes, offer additional benefits, including enhanced nutrient use efficiency and reduced fertilizer loss. Nanofertilizers have revolutionized sustainable agriculture, but their potential drawbacks should be thoroughly assessed before they are introduced into the market.

Nano-fertilizers, a blend of agriculture and nanotechnology, aim to enhance the effectiveness of fertilizers by using nanoparticles that are more easily absorbed by plants. These fertilizers are applied to soil or sprayed onto plants, aiming to increase crop yields, improve plant absorption, and provide more nutrients, making them popular among consumers worldwide.

Agriculture is a crucial industry, and environmental toxicity is increasing, leading to increased demand for fertilizers. Toxin buildup in soil, water, and air can reduce productivity and cause toxin buildup in fruits and vegetables. The global market for nano fertilizers is expected to grow over the next five years due to the need for efficient and effective fertilizers. Overusing chemical fertilizers can cause damage to crops, and consumer demand for transitioning from chemical to nano fertilizers is driving this growth.

>>> Download Sample Report Now: https://marketreportservice.com/request-sample/nano-fertilizers-market-54433

Market Dynamics

Growth Factors

Nanofertilizers can significantly reduce chemical fertilizer imports by 80-100 times. Nano Urea, which can replace normal Urea with cheaper input costs, higher crop yield, and higher charges, is gaining global demand. Over the next five years, it is expected to replace 13.7 million liters of conventional urea usage. IFFCO is testing nano versions of DAP fertilizers. Farmers can lift Nano Urea bottles physically, reducing transportation and storage costs. Nano Urea is a practical and long-term alternative to bulk nitrogenous fertilizers like urea, offering a practical and long-term solution.

Growth Drivers

Ability to substitute for regular urea

Nano Urea, a patented fertilizer developed by the Kalol-based Nano Biotechnology Research Centre, reduces the use of ordinary Urea by providing nitrogen, a crucial nutrient for plant growth and development. The foliar feeding of nano urea effectively fulfills a plant's nitrogen needs at critical crop boom levels, increasing production and enhancing plant pleasantness, compared to regular urea. The nano biotechnology research center's patented technologies contribute to its innovative approach.

Increased crop production required owing to rising population –

As population growth increases, food demand increases, necessitating the development of techniques to boost agricultural output. Nano-products like nano fertilizers and nano-pesticides help reduce chemical propagation, minimize nutritional losses, and increase yields. These nanotools contribute to advancements in nanotechnology, enhancing the quality of agricultural production in limited resources. This has earned a strong reputation among farmers.

Opportunities

Agriculture is seeing an increase in demand for nano fertilizers.

Agriculture nanotechnology offers a realistic solution for transforming production systems into more efficient and environmentally friendly practices. Nano fertilizers can be applied in smaller quantities than traditional fertilizers, reducing leaching, runoff, and gas emissions into the atmosphere, making them a game changer in environmental protection.

Supporting the agricultural sector's need for sustainable electrification

Nano fertilizers are being considered as a sustainable solution for agricultural intensification over the next 30 years. They can synchronize nutrient release mechanisms with increased crop yields and forage production, reducing fertilization inputs. While they can boost nitrogen use efficiency (NUE) by enhancing nutrient delivery, research shows they have no advantage over conventional fertilizers, despite their potential to boost agricultural yield by up to 30%.

Competitive Landscape of the Nano-Fertilizers Market

• BASF SE
• Indian Farmer Fertilizer Cooperative Limited
• Yara International ASA
• Hindustan Insecticide Limited
• Fertilizers and Chemical Travancore Ltd.
• CF Industries Holdings Inc.
• China National Petroleum Corporation
• Jiangsu same Group Co, Ltd.
• EuroChem
• Koch Fertilizer LLC
• Nutrien Ltd.
• OCI Nitrogen
• Petrobras
• Qatar Fertiliser Company
• SABIC
• Notore Chemical Industries Plc

Recent Developments in Nano-Fertilizers Market

In response to structural changes in the global energy, agricultural, and fertiliser sectors, Nutrien announced today intentions to boost fertiliser production capabilities in June 2022.

The CP Group with Charoen Pokphand Foods Public Company Limited will launch the CPF Grow-Share-Protect Mangrove Forestation Project in Trat province, encompassing an area of 1,300 rai in 2022. The goals are to increase biodiversity, conserve animal and marine life in the region, stimulate the local economy, and, as a result, raise the standard of living for the populations that surround the mangrove areas.

In May 2022, Indian Farmers Fertilizer Cooperative Limited inaugurated the world’s first nano urea liquid plant in Gujarat, India.

In February 2022, following the submission of a binding bid, EuroChem Group, a prominent global fertilizer manufacturer, announced that it has started exclusive discussions to buy the nitrogen business of the Borealis group.

Regional Insights

North America dominated the market with a revenue share of over 34% in 2021, driven by increased demand for high-yield crops in countries like the US, Canada, and Mexico. The US contributed USD 118.3 billion in agricultural exports in 2019, leading to a shift from conventional fertilizer to nano fertilizer to boost crop productivity and maintain growth.

The US agriculture and food industry, accounting for 5% of the country's GDP, accounted for USD 1.055 trillion in 2020. This growth has led to increased demand for high-quality fertilizers, resulting in innovations like nano fertilizers.

The US Department of Agriculture has allocated USD 72.4 million to the Specialty Crop Block Grant Program in 2019 to enhance vegetable, fruit, and nursery crop productivity, potentially paving the way for new growth opportunities in the region.

APAC, including India, China, Vietnam, and Indonesia, contributes 19% of global agricultural and food exports, according to Syngenta. India and China are major producers of rice, wheat, cotton, and tea, driving regional prosperity. Indonesia and Vietnam are among the top five coffee bean producers, highlighting the need for increased production. Sustainability efforts to meet expanding food consumption are pushing the market for nano fertilizers, as these regions are also striving to meet their growing food consumption needs.

The Indian government, as part of the Atma Nirbhar Bharat programme, has invested USD 4.82 billion in establishing new nano fertilizer manufacturing units in the region. This investment is crucial to the government's goal of reducing import reliance and is expected to significantly contribute to regional growth through robust policy frameworks and activities.

Segments Covered in the Nano-Fertilizers Market

Nano-Fertilizers Market By Category

• Nanoscale Fertilizer
• Nanoscale Additive Fertilizer
• Nanoscale Coating Fertilizer

Nano-Fertilizers Market By Raw Material

• Silver
• Copper
• Aluminium
• Carbon
• Others

Nano-Fertilizers Market By Application

• Plastic
• Metal
• Ceramic
• Others (Wax, Laywood, Bioinks, etc.)

Nano-Fertilizers Market By Method of Application

• Soil Method of Application
• Foliar or Spray Method of Application
• Soaking Method

Nano-Fertilizers Market By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Nano-Fertilizers Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Frequently Asked Questions:

What is the current size of nano-fertilizers market?

The Nano-Fertilizers Market Predictable at $395 .56 million in 2022, is estimated to increase at a CAGR of 14.9% from $545.56 million in 2023 to $1599.48 million by 2030.

What will be the CAGR of global nano-fertilizers market?

The global nano-fertilizers market is poised to grow at a CAGR of 14.9% from 2023 to 2030.

Who are the prominent players operating in the nano-fertilizers market?

Yara International ASA, Hindustan Insecticide Limited, Fertilizers and Chemical Travancore Ltd., CF Industries Holdings Inc., China National Petroleum Corporation, Jiangsu same Group Co, Ltd., EuroChem, Koch Fertilizer LLC, Nutrien Ltd., OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Notore Chemical Industries Plc

Which are the driving factors of the nano-fertilizers market?

The growing need for the best agricultural production with limited resources, the fast-increasing global population and the need to feed everyone are driving the growth of the nano-fertilizers market.