Nanopesticides Market Overview
“The Nanopesticides Market Predictable at $0.3 billion in 2022, is estimated to increase at a CAGR of 12.3% from $0.41 billion in 2023 to $1.61 billion by 2030.”
Nanopesticides, which use nanotechnology to enhance their properties, have similar use characteristics to traditional pesticides and typically contain larger nanoparticles than the 100 nm regulation limit set by governmental organizations. Inorganic nanoparticles and nanoemulsions have garnered significant attention in assessing research gaps and future objectives in nanopesticides.
Nano-pesticides are utilized due to their sustained release kinetics, high stability, effective solubility, and increased permeability, which extends pest control effectiveness and prevents degradation in challenging environmental conditions.
Nanopesticides are being used to improve crop quality and quantity while reducing the environmental impact of plant protection products. However, their future depends on balancing their benefits, such as increased effectiveness and reduced use, with drawbacks like nanoparticle contamination of humans and the environment. Applications include seed treatment, preserving fresh fruits and vegetables, crops, feeds, and fodder. Research on nanopesticides is still in its early stages.
The COVID-19 pandemic has significantly impacted the food and agriculture industries, impacting productivity, nutrition, and farmer livelihoods. Despite this, public consumption of fruits and vegetables has increased due to their health benefits. To maintain freshness, these perishable goods are packed with nanopesticides, which increase the amount of chemicals in them. These nanopesticides also serve as a source of fiber, helping people manage weight, prevent constipation, lower cholesterol, and control blood sugar levels. Additionally, nanopesticides are used in food packaging, which contains antimicrobial properties to improve shelf life and freshness. The increased consumption of fruits and vegetables and demand for food packaging are expected to boost the nanopesticide market.
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Key Takeaways
In 2022, the sector for nanoinsecticides accounted for 44% of the market share overall.
In terms of utility, the industrial crop segment's revenue share in 2022 was 71%.
In 2022, the pest control application accounted for 64% of sales.
By region, Europe will account for about 32% of total sales in 2022.
Market Dynamics
Growth Factors
Farmers worldwide are utilizing intensive farming techniques to boost productivity and avoid food shortages. This strategy, which involves using pesticides and chemical fertilizers, is fueled by practices like monoculture, which depletes soil nutrients and increases reliance on pesticides. The demand for nano pesticides is expected to grow in the future to meet the growing population's food needs and increase output.
Growth Drivers
increasing food waste and loss is a significant concern.
The FAO reports that wealthy countries waste $680 billion worth of food, while impoverished countries lose $310 billion. Industrialized and developing countries waste 670 and 630 million tonnes, respectively. This highlights the growing concern about food waste and its impact on society, the environment, and people's lives. Crop growers and suppliers are increasingly using nanopesticides to control GFLI and reduce food waste.
Increasing exports of fresh fruit and vegetables
The global demand for fresh produce is increasing, leading to agro-economic countries focusing on exporting fruits and vegetables to meet this demand. This has increased the use of nanopesticides in packaging to minimize supply chain losses and maintain product freshness. The Agribusiness and Processed Food Products Export Development Authority (APEDA) in India reported a rise in exports of fresh fruits and vegetables from 0.67 billion USD in 2010-11 to 1.30 billion USD in 2018-19.
Market Opportunities
Greater effects with a smaller chemical dose:
Nanopesticides are a new approach to pesticide control, focusing on reducing chemical doses and improving effectiveness. These active ingredients are typically made from nanomaterials like metal nanoparticles or metal oxide nanoparticles. The goal is to enhance pesticide effectiveness, reduce active chemicals, and minimize risks, driving the nanopesticide market forward. The development and use of nanopesticides aim to increase pesticide effectiveness, lifespan, and minimize risks.
Use in a variety of applications
The global nanopesticide market is expanding due to its widespread use in pest control and packaging. The increasing use of nanopesticides in food packaging is expected to drive market growth. Food waste is a significant issue, costing industrialized countries $680 billion and poor countries $310 billion annually. Agro-economic countries are promoting the export of fresh produce to address this demand gap. This is boosting the need for nanopesticides in food packaging to reduce supply chain losses and maintain product freshness.Nanopesticides are used in food packaging with nanoparticles that provide antibacterial activity and enhance barrier characteristics, extending the life span and freshness of packaged food.
Competitive Landscape of the Nanopesticides Market
- Marrone Bio Innovations
- Bioworks
- Valent Biosciences
- Andermatt Biocontrol
- Stockton
- Bayer
- Camson Bio Technologies
- Corteva
Recent Developments in Nanopesticides Market
Bayer concluded the successful takeover of Monsanto in the United States in June 2018. This transaction was made to assist farmers in producing inexpensive and healthful food in a sustainable manner.
BASF SE purchased AgriMetis' unique L-glufosinate ammonium technology in September 2020. The acquisition was made in order to produce vastly enhanced concentrated weed control solutions. This will assist to improve BASF SE's position in the crop protection industry by creating innovative weed-control products.
July 2019: The Department of Biotechnology (DBT), under the Ministry of Science and Technology, Government of India has recently proposed new guidelines to ensure the safe use of nanotechnology in agriculture. The proposed regulations will oversee the use and spread of nano-agri input products (NAIP), for instance, nano fertilizers & nanopesticides, and nano-agriproducts (NAP), for instance, nano-food & nano-feeds.
April 2019: International Union of Pure and Applied Chemistry (IUPAC) has announced the top ten emerging technologies in chemistry which was initiated by the Chemistry International (CI) Editorial Board in 2018, a few of which are: 3D-bioprinting, directed evolution of selective enzymes, flow chemistry, nanopesticides, plastics to monomers, and others.
Regional Insights
Asia Pacific will dominate the global market for nanopesticides.
The market for nanopesticides can be categorized into regions like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region, known for its high production of food and cash crops, is expected to dominate the global market due to the widespread use of pesticides in agricultural products. Factors driving demand for nanopesticides include increased demand for food grains, arable land shortages, export growth, and expansion in horticulture and floriculture. China and India are the leading producers in this region.
Segments Covered in the Nanopesticides Market
Nanopesticides Market By Type
- Insecticides
- Herbicides
- Fungicides
- Others
Nanopesticides Market By Application
- Production
- Protection
- Harvesting
- Packaging
- Others
Nanopesticides Market By Utility
- Food Crop
- Industrial Crop
Nanopesticides Market By Target Organism
- Algicides
- Avicides
- Bactericides
- Fungicides
- Herbicides
- Insecticides
- Miticides
- Molluscicides
- Nematicides
- Rodenticides
- Slimicides
- Virucides
Nanopesticides Market By End-user
- Farmer
- Pest Control Agents
- Others
Nanopesticides Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Frequently Asked Questions:
What is the current size of nanopesticides market?
The Nanopesticides Market Predictable at $0.3 billion in 2022, is estimated to increase at a CAGR of 12.3% from $0.41 billion in 2023 to $1.61 billion by 2030.
What will be the CAGR of global nanopesticides market?
The global nanopesticides market is poised to grow at a CAGR of 12.3% from 2023 to 2030.
Who are the prominent players operating in the nanopesticides market?
The major players operating in the nanopesticides market are Marrone Bio Innovations, Bioworks, Valent Biosciences, Andermatt Biocontrol, Stockton, Bayer, Camson Bio Technologies, Corteva
Which are the driving factors of the nanopesticides market?
A growing concern regarding rising food wastes and losses and increasing fresh fruit and vegetable exports are driving the growth of the nanopesticides market.
- Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
- Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
- Executive Summary
3.1. Market Snapshot
- Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
- COVID 19 Impact on Nanopesticides Market
5.1. COVID-19 Landscape: Nanopesticides Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
- Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
- Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
- Global Nanopesticides Market, By Type
8.1. Nanopesticides Market, by Type, 2022-2030
8.1.1. Insecticides
8.1.1.1. Market Revenue and Forecast
8.1.2. Herbicides
8.1.2.1. Market Revenue and Forecast
8.1.3. Fungicides
8.1.3.1. Market Revenue and Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Forecast
- Global Nanopesticides Market, By Application
9.1. Nanopesticides Market, by Application, 2022-2030
9.1.1. Production
9.1.1.1. Market Revenue and Forecast
9.1.2. Protection
9.1.2.1. Market Revenue and Forecast
9.1.3. Harvesting
9.1.3.1. Market Revenue and Forecast
9.1.4. Packaging
9.1.4.1. Market Revenue and Forecast
9.1.5. Others
9.1.5.1. Market Revenue and Forecast
- Global Nanopesticides Market, By Utility
10.1. Nanopesticides Market, by Utility, 2022-2030
10.1.1. Food Crop
10.1.1.1. Market Revenue and Forecast
10.1.2. Industrial Crop
10.1.2.1. Market Revenue and Forecast
- Global Nanopesticides Market, By Target Organism
11.1. Nanopesticides Market, by Target Organism, 2022-2030
11.1.1. Algicides
11.1.1.1. Market Revenue and Forecast
11.1.2. Avicides
11.1.2.1. Market Revenue and Forecast
11.1.3. Bactericides
11.1.3.1. Market Revenue and Forecast
11.1.4. Fungicides
11.1.4.1. Market Revenue and Forecast
11.1.5. Herbicides
11.1.5.1. Market Revenue and Forecast
11.1.6. Insecticides
11.1.6.1. Market Revenue and Forecast
11.1.7. Miticides
11.1.7.1. Market Revenue and Forecast
11.1.8. Molluscicides
11.1.8.1. Market Revenue and Forecast
11.1.9. Nematicides
11.1.9.1. Market Revenue and Forecast
11.1.10. Rodenticides
11.1.10.1. Market Revenue and Forecast
11.1.11. Slimicides
11.1.11.1. Market Revenue and Forecast
11.1.12. Virucides
11.1.12.1. Market Revenue and Forecast
- Global Nanopesticides Market, By End-user
12.1. Nanopesticides Market, by End-user, 2022-2030
12.1.1. Farmer
12.1.1.1. Market Revenue and Forecast
12.1.2. Farmer
12.1.2.1. Market Revenue and Forecast
12.1.3. Others
12.1.3.1. Market Revenue and Forecast
- Global Nanopesticides Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type
13.1.2. Market Revenue and Forecast, by Application
13.1.3. Market Revenue and Forecast, by Utility
13.1.4. Market Revenue and Forecast, by Target Organism
13.1.5. Market Revenue and Forecast, by End-user
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Type
13.1.7.2. Market Revenue and Forecast, by Application
13.1.7.3. Market Revenue and Forecast, by Utility
13.1.7.4. Market Revenue and Forecast, by Target Organism
13.1.7.5. Market Revenue and Forecast, by End-user
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type
13.2.2. Market Revenue and Forecast, by Application
13.2.3. Market Revenue and Forecast, by Utility
13.2.4. Market Revenue and Forecast, by Target Organism
13.2.5. Market Revenue and Forecast, by End-user
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type
13.2.14.2. Market Revenue and Forecast, by Application
13.2.14.3. Market Revenue and Forecast, by Utility
13.2.14.4. Market Revenue and Forecast, by Target Organism
13.2.15. Market Revenue and Forecast, by End-user
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type
13.3.2. Market Revenue and Forecast, by Application
13.3.3. Market Revenue and Forecast, by Utility
13.3.4. Market Revenue and Forecast, by Target Organism
13.3.5. Market Revenue and Forecast, by End-user
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type
13.3.11.2. Market Revenue and Forecast, by Application
13.3.11.3. Market Revenue and Forecast, by Utility
13.3.11.4. Market Revenue and Forecast, by Target Organism
13.3.11.5. Market Revenue and Forecast, by End-user
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type
13.4.2. Market Revenue and Forecast, by Application
13.4.3. Market Revenue and Forecast, by Utility
13.4.4. Market Revenue and Forecast, by Target Organism
13.4.5. Market Revenue and Forecast, by End-user
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type
13.4.11.2. Market Revenue and Forecast, by Application
13.4.11.3. Market Revenue and Forecast, by Utility
13.4.11.4. Market Revenue and Forecast, by Target Organism
13.4.11.5. Market Revenue and Forecast, by End-user
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type
13.5.2. Market Revenue and Forecast, by Application
13.5.3. Market Revenue and Forecast, by Utility
13.5.4. Market Revenue and Forecast, by Target Organism
13.5.5. Market Revenue and Forecast, by End-user
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type
13.5.8.2. Market Revenue and Forecast, by Application
13.5.8.3. Market Revenue and Forecast, by Utility
13.5.8.4. Market Revenue and Forecast, by Target Organism
13.5.8.5. Market Revenue and Forecast, by End-user
- Company Profiles
14.1. Marrone Bio Innovations
14.2. Bioworks
14.3. Valent Biosciences
14.4. Andermatt Biocontrol
14.5. Stockton
14.6. Bayer
14.7. Camson Bio Technologies
14.8. Camson Bio Technologies
- Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
- Appendix
16.1. About Us
16.2. Glossary of Terms
