Press Release

Nano Fertilizers Market to Grow with a CAGR of 12.45% through 2028

Growing need for improved high-efficiency fertilizers and increased consumption of fresh fruits & vegetables is expected to drive the Global Nano Fertilizers Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Nano Fertilizers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Nano Fertilizers Market stood at USD 2.67 Billion in 2022 and is anticipated to grow with a CAGR of 12.45% in the forecast period, 2024-2028. The global market for nano fertilizers is being fueled by a number of significant factors. The increasing global food demand due to the exponentially growing population is a primary driver. This puts pressure on the agricultural sector to improve crop yield, which can be facilitated by the use of nano fertilizers. The growing awareness about the environmental hazards of conventional fertilizers is also shifting the preference towards nano fertilizers. Additionally, government initiatives to promote sustainable farming practices are further propelling the market growth. Advancements in nanotechnology and its integration into the agricultural sector have provided a strong framework for the development and acceptance of nano fertilizers globally. The global Nano Fertilizers market is poised to witness substantial growth in the coming years. This growth is being fueled by the emergence of groundbreaking technologies and remarkable advancements in nano science, such as nanotechnology-based delivery systems and nano sensors for precise nutrient monitoring. These developments are paving the way for the creation of highly efficient, sustainable, and environmentally friendly fertilizers that are revolutionizing the agricultural landscape. These innovative nano fertilizers offer a multitude of benefits that are transforming the way crops are nourished. With enhanced nutrient utilization, farmers can optimize the uptake of essential elements by plants, resulting in improved crop yields, enhanced nutritional content, and better resistance to environmental stressors. Moreover, these fertilizers enable reduced application rates, minimizing the amount of fertilizers needed while still achieving optimal results. This not only contributes to cost savings but also reduces the risk of nutrient runoff and pollution, safeguarding the environment and promoting sustainable farming practices.

The demand for nano fertilizers is projected to rise, driven not only by their remarkable performance but also by the increasing pressure to feed a rapidly growing global population. As food demand continues to surge, the need for sustainable and high-yielding agricultural practices becomes increasingly paramount. Nano fertilizers, with their efficiency-enhancing properties and targeted nutrient delivery systems, offer a solution to meet this demand while minimizing the ecological footprint of agriculture. Recognizing the urgency to address these challenges, governments worldwide are implementing supportive policies to promote sustainable farming practices and reduce the environmental impact of agriculture. These initiatives, coupled with the growing awareness of the benefits of nano fertilizers, further propel the growth of the Nano Fertilizers market, creating a conducive environment for innovation and adoption of advanced fertilizer products.

 

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The global Nano Fertilizers market is set to experience significant expansion, driven by the convergence of emerging technologies, advancements in nano science, and the imperative to ensure food security in a sustainable manner. The transformative potential of nano fertilizers in enhancing crop productivity, improving nutritional value, reducing environmental impact, and meeting the demands of a growing global population cannot be overstated. As the vast potential of nanotechnology in agriculture is being explored continuously, the future of farming looks promising, with nano fertilizers playing a crucial role in shaping a sustainable and resilient food system.

The Global Nano Fertilizers Market is segmented into category, raw material, crop type, method of application, regional distribution, and company. Based on crop type, Cereals and grains dominated the market in 2022 within the application segment. This can be attributed to the growing demand for grains and cereals, particularly maize, wheat, and rice. According to the FAO, cereal production increased to 2815.1 million tons in 2021 from 2777.7 million tons in 2020. To meet this rising production need, farmers are increasingly adopting nano fertilizers due to their capacity to enhance crop yield and efficiency in delivering essential nutrients. This presents a lucrative opportunity for food growers worldwide.

In the application segment, oilseeds and pulses held the second position during the forecast period. This growth is driven by the daily requirement of pulses and oilseeds in households, which play a vital role in fulfilling the need for vitamins, proteins, and minerals in the human body. The usage of nano fertilizers, with their promise of high yields, remains crucial for nourishing individuals, households, and the planet at large. The fruit and vegetable segment in Europe witnessed promising growth, with the continent being the largest consumer in this segment due to its high demand for nutritious food. Among the top three importers in Europe, the U.K. accounts for nearly 80% of the total fruit and vegetable production. The increasing demand for fresh fruits and vegetables in Europe, along with the uncertainties created by Brexit, further drives the demand for nano fertilizers. Additionally, the eco-friendly nature of nano fertilizers compared to traditional ones serves as a promising driver of growth, aligning with sustainability initiatives that continue to shape production practices across industries. The other application segment includes ornamental and fiber plants. The use of nano fertilizers in this segment is on the rise due to their efficient nutrient absorption, ensuring optimal growth with minimal wastage.

Based on region, North America currently dominates the Global Nano Fertilizers Market for a variety of reasons. The region's advanced agricultural practices, including precision farming techniques and the use of smart farming technologies, have played a significant role in enabling farmers to achieve higher crop yields and optimize resource utilization. Furthermore, North American farmers have shown a high degree of technology adoption, embracing innovative solutions such as precision application systems and soil sensors to enhance the efficiency and effectiveness of fertilizer utilization. Moreover, the region's strong emphasis on sustainable farming practices has further fueled the demand for nano fertilizers. North American farmers prioritize crop health and employ integrated pest management strategies to minimize the use of chemical pesticides, making nano fertilizers a preferred choice due to their targeted nutrient delivery and eco-friendly nature. Additionally, the supportive policies implemented by North American governments have accelerated the adoption of environmentally-friendly agricultural inputs, including nano fertilizers. These policies promote sustainable farming practices, incentivize the use of organic and low-carbon technologies, and encourage the reduction of chemical inputs in agriculture. As a result, the nano fertilizers market in North America has experienced an upsurge in demand. Furthermore, the presence of key market players in North America who are actively investing in research and development activities related to nano fertilizers has significantly contributed to the region's market growth. These market players continuously strive to improve the efficacy and sustainability of nano fertilizers through innovation and technology advancements, thereby driving the adoption and market penetration of these products in North America.


Major companies operating in Global Nano Fertilizers Market are:

  • AG CHEMI Group S.R.O.
  • Indian Farmers Fertiliser Cooperative Limited
  • Lazuriton Nano Biotechnology Co., Ltd.
  • SMTET Eco-technologies Co., Ltd.
  • AC International Network Co., Ltd.
  • The Best International Network Co., Ltd.
  • WAI International Development Co., Ltd.
  • JU Agri Sciences Pvt. Ltd.
  • Fanavar Nano-Pazhoohesh Markazi Company
  • Nano Green Sciences, Inc.

 

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“The future of the Global Nano Fertilizers Market appears promising, with considerable growth anticipated in the coming years. Technological advancements in the field of nanotechnology are paving the way for innovative nano fertilizer formulations that deliver nutrients more efficiently, reducing wastage and mitigating environmental impact. As the agriculture industry faces the challenges of rising population and declining arable land, the demand for more effective and sustainable farming methods is increasing, boosting the market for nano fertilizers. Governments worldwide are recognizing the potential of these advanced fertilizers and are implementing supportive policies and subsidies to encourage their adoption, further fueling market growth. Besides, the rising trend of organic farming is spurring the demand for environmentally-friendly nano fertilizers, which are projected to emerge as a significant market segment. However, the high cost of nano fertilizers and the lack of awareness among farmers in developing nations may pose challenges to market growth. Therefore, future market expansion relies on advancements in nanotechnology, government support, education, and awareness campaigns about the benefits and proper usage of nano fertilizers. The Global Nano Fertilizers Market is set to revolutionize the future of agriculture with its potential for improved crop yield and sustainability.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Nano Fertilizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Category (Nanoscale Fertilizer, Nanoscale Additive Fertilizer, Nanoscale Coating Fertilizer), By Raw Material (Silver, Copper, Aluminum, Carbon, and Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), By Method of Application (Soil Method of Application, Foliar or Spray Method of Application, Soaking Method), By Region and Competition”, has evaluated the future growth potential of Global Nano Fertilizers Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nano Fertilizers Market.


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