Global Nano Fertilizer Market Size study & Forecast, by Raw Material (Nitrogen, Silver, Carbon, Zinc, Others) by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), by Method of Application (Spray or Foliar, Soil) and Regional Analysis, 2022-2029
Global Nano Fertilizer Market is valued at approximately USD 2.71 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2022-2029. A nano fertilizer is a type of fertilizer that offers nutrients to crops in one of three ways. The nutrient is encapsulated inside nanomaterials including nano porous or nanotubes materials, coated with a thin protective polymer film, or present as particles or emulsions of nanoscale dimensions. These fertilizers enhance the capabilities of fertilizers and are highly utilized to create fertilizers more easily and effectively absorbable by plants. The surging demand for high-yield agricultural products, the rising focus on replacing regular urea or other chemical fertilizer, and the exponential growth of the agricultural industry are the primary factors that are boosting the market demand across the globe.
The increasing global population is imposing a high burden for crop production to meet the growing needs of consumers. For instance, The World Bank reported that the population around the world was recorded at 7.84 billion in 2021 an increase from 7.6 billion in 2018. Also, as per the Food and Agriculture Organization of the United Nation (FAO), the population worldwide is anticipated to reach 9.7 billion by 2050. Thereby, the surging demand for agricultural products is fueling the demand for nano fertilizers that are easily absorbed into the plant and deliver all the key nutrients to the crop in an effective way. Moreover, the rising sustainable electrification necessities in the agricultural sector, as well as the growing awareness about the benefits of nano fertilizer are presenting various lucrative opportunities over the forecasting years. However, the poor quality of the products is challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Nano Fertilizer Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing demand for high-yield crops in and the rising shift towards conventional fertilizer use of nano fertilizers. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the presence of emerging economies, robust rise in the agriculture and food industry, and increasing government investment to establish new nano fertilizer manufacturing units in the region.
Major market players included in this report are:
Indian Farmers Fertilizer Cooperative Limited
Lazuriton Nano Biotechnology Co., Ltd.
Fanavar Nano-Pazhoohesh Markazi Company
Tropical Agrosystem India (P) Ltd.
EuroChem
Shan Maw Myae Trading Co., Ltd
Geolife Group
AG CHEMI Group, s.r.o.
JU Agri Sciences Pvt. Ltd.
Nano Solutions
Recent Developments in the Market:
In June 2022, Nutrien declared the introduction of the company’s new fertilizer production capabilities in order to response to structural changes in the global energy, agricultural, and fertilizer sectors.
The CP Group with Charoen Pokphand Foods Public Company Limited announced the introduction of its CPF Grow-Share-Protect Mangrove Forestation Project in Trat province, which covers an area of 1,300 rai in 2022. The aim of this strategic initiative is to rise biodiversity, conserve animal and marine life, stimulate the local economy, and, accordingly, raise the standard of living for the populations that surround the mangrove areas.
Global Nano Fertilizer Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Raw Material, Application, Method of Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Raw Material:
Nitrogen
Silver
Carbon
Zinc
Others
By Application:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Method of Application:
Spray or Foliar
Soil
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Companies Mentioned
Indian Farmers Fertilizer Cooperative Limited
Lazuriton Nano Biotechnology Co., Ltd.
Fanavar Nano-Pazhoohesh Markazi Company
Tropical Agrosystem India (P) Ltd.
EuroChem
Shan Maw Myae Trading Co., Ltd
Geolife Group
AG CHEMI Group, s.r.o.
JU Agri Sciences Pvt. Ltd.
Nano Solutions
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