Global Nano Fertilizers Market Size By Method of Application (Spray or Foliar, Soil), By Raw Material (Nitrogen, Silver), By Application (Cereals & Grains, Oilseeds & Pulses), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Nano Fertilizers Market Size By Method of Application (Spray or Foliar, Soil), By Raw Material (Nitrogen, Silver), By Application (Cereals & Grains, Oilseeds & Pulses), By Geographic Scope And Forecast

Nano Fertilizers Market Size And Forecast

Nano Fertilizers Market size was valued at USD 3459.24 Million in 2024 and is projected to reach USD 10442.83 Million by 2031, growing at a CAGR of 14.81% from 2024 to 2031.

The growing use of efficient fertilizers and fertigation methods is the key cause for the rising demand for nano fertilizers. Most recent crop vitamins provide crops with optimum rates of nutrient content during the development phase in the most effective way possible, without damaging water resources or soil, which is projected to boost the need for effective fertilizers with a lower impact on soil quality. The rising demand for nano fertilizers has compelled industry participants to innovate and broaden their product offers.

Global Nano Fertilizers Market Definition

Nano-fertilizers are nanometer-scale materials, generally in the form of nanoparticles, that contain macro and micronutrients and are supplied to crops in a regulated manner. A nano fertilizer is a substance that provides nutrients to plants in one of three ways. The nutrition can be contained within nanomaterials like nanotubes or nano-porous materials, covered with a thin protective polymer coating, or administered as nanoscale particles or emulsions.

Nano fertilizers are created by encapsulating plant nutrients in nanomaterials, coating plant nutrients in nanomaterials, and distributing them in the form of nano-sized emulsions. Nano fertilizers are classified into three typesnanoscale fertilizers, nanoscale additive fertilizers, and nanoscale coating fertilizers. Nanoparticles containing nutrients are used to make nanoscale fertilizers. Traditional fertilizers with tiny additions are known as nanoscale additive fertilizers.

Nano fertilizers are given in a controlled manner to the plant rhizosphere. Essential minerals and nutrients such as N, P, K, Fe, and Mn have bound alone or in conjunction with nano-dimensional adsorbents in nano fertilizers. Nano-fertilizers shorten crop cycle times and boost crop production. Nano fertilizers containing NPK (nitrogen, phosphorus, and potassium) that are applied to crops enhance grain output and shorten the crop cycle by 40 days.

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Global Nano Fertilizers Market Overview

The growing need for improved high-efficiency fertilizers is driving the market. The enhanced, effective delivery of nano fertilizer ensures that plants and crops receive the nutrients they require, at the correct time and in the right place, with little waste. EEF, or enhanced efficiency fertilizers, are becoming more popular in agriculture, notably in cereal grains and industrial crops, leading to the development of novel urease inhibitors and low-cost polymer coating technologies. The usage of high-efficiency fertilizers also contributes to reducing the detrimental impact of nutrients seeping into water reservoirs.

Furthermore, the primary drivers impacting market expansion include a rise in demand for high-effective composts employed in precision cultivating, usability and application, and improved crop security. In addition, increased consumption of fresh fruits and vegetables, wheat, and rice, among other things, is boosting the Global Nano Fertilizers Market. The usage of nano fertilizers regularly assures great productivity of high-quality crops during the greenhouse farming growth process. As a result, the need for nano fertilizers in greenhouse farming is increasing since they supply secondary and micronutrients to plants and fruits.

However, traditional farming practices with the use of chemical fertilizers, are intense, which causes the extinction of wildlife, pollution of the soil and water, and terrible treatment of the animals. Thus, the adverse effects of intense traditional farming and the addition of chemicals can cause soil degradation and water shortages as well. Also, the toxicity of feed-grade fertilizers can damage soil quality, decrease fertility, and pollute water and soil. Nano fertilizers, on the other hand, are minuscule particles that are absorbed in crops in lesser amounts, allowing for the regulated release of active ingredients.

Also, nano-fertilizers distribute nutrients via plasmodesmata. Plasmodesmata are nano-sized channels (50-60 nm in size) that carry ions between cells. Carbon nanotubes and silica nanoparticles are effective instruments for carrying and delivering cargo (nutrients and other vital biochemicals) to the target location of plants. Nano fertilizers soak via the root and go upward because of their small size.

These nanoparticles improve soil quality, water holding capacity, and microbial activity, which boosts plant production and health and so improves environmental quality. However, factors such as the high cost of nano fertilizers, the risk management strategy in place for nano-fertilizers, and the rest of the other factors might strangle the growth of the Global Nano Fertilizers Market during the forecasted period.

Global Nano Fertilizers Market Segmentation Analysis

The Global Nano Fertilizers Market is segmented on the basis of Method of Application, Raw Material, Application, And Geography.

Nano Fertilizers Market, By Method of Application

  • Spray or Foliar
  • Soil

When it comes to how you apply it, the nano fertilizer market is split into two main waysSpray or Foliar and Soil. Back in 2021, using it on the soil was the most popular method, and we expect that to keep growing at a pretty good clip. By 2030, we're looking at this segment potentially reaching USD 6,608.23 Million. Applying nano fertilizer to the soil helps nutrients release slowly and steadily, which is great for plant growth and also keeps the good microbes happy. All this can help plants and their Phyto-microbiome deal with all sorts of stresses, both living and non-living. Plus, it helps plants soak up and use nutrients better without losing them, which is good news for the environment because it cuts down on pollution from fertilizer runoff.

Nano Fertilizers Market, By Raw Material

  • Nitrogen
  • Silver
  • Carbon
  • Zinc
  • Others

When we look at what nano fertilizers are made of (that's the "Raw Material" part), we see a split between Nitrogen, Silver, Carbon, Zinc, and a few "Others." Nitrogen really took the lead in 2021, grabbing the biggest slice of the market, and experts think it'll keep growing at a pretty good rate over the next few years. You see, nano fertilizers can have around 4% nitrogen, but these are tiny particles on a nanoscale. These super-small nitrogen bits (we're talking 20-50 nm) pack a punch because they have way more surface area than your average fertilizer. And because they're so efficient, you don't need to use as much! The best part about using these nitrogen-based nano fertilizers in farming is that they're much kinder to the planet. That means fewer greenhouse gases and cleaner air and water. However, Carbon is predicted to zoom ahead with the fastest growth. People are realizing its advantages, and that's creating a huge demand!

Nano Fertilizers Market, By Application

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

Now, when we look at how these nano-fertilizers are used, we see the market breaks down based on application. That means we're talking about areas like Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and "Others" to cover everything else. Back in 2021, Cereals & Grains were the biggest piece of the pie, and they're expected to keep growing at a pretty good pace. But get thisthe Fruits & Vegetables area is predicted to have the fastest growth overall. See, nano-fertilizers are made to release nutrients slowly and in a targeted way. This helps plants use those nutrients more efficiently – avoiding all the usual downsides you get with regular fertilizers. And because they can really pump up the fruit production and quality in different crops, they can make our food even more nutritious!

Nano Fertilizers Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

So, when we look at where nano fertilizers are popular around the globe, we see it's basically broken down into North America, Europe, Asia Pacific, and then everywhere else. Right now, North America is the biggest user, making up about 35.11% of the market, and we're expecting it to keep growing pretty quickly. Why? Well, there's a big demand for those high-yield crops people want over there. Since a lot of those crops are shorter, hardier plants that can handle tough weather, and because they really respond well to nano fertilizers (boosting production and maturing faster, which means more money!), it makes sense. But don't count out Asia-Pacific just yet! We're actually predicting that they'll see the fastest growth in nano fertilizer use over the next few years.

Key Players

The “Global Nano Fertilizers Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as AG CHEMI Group, EuroChem, Fanavar Nano-Pazhoohesh Markazi Company, Geolife Group, Indian Farmers Fertilizer Cooperative Limited, JU Agri Sciences Pvt. Ltd., Lazuriton Nano Biotechnology Co., Ltd., Nano Solutions, Tropical Agrosystem India (P) Ltd., and Shan Maw Myae Trading Co., Ltd. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

  • 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.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Nano Fertilizers Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Nano Fertilizers Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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