Nano Fertilizer Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.22 Billion |
| Market Size (2029) | USD 6.33 Billion |
| CAGR (2024 - 2029) | 14.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nano Fertilizer Market Analysis
The Nano Fertilizer Market size is estimated at USD 3.22 billion in 2024, and is expected to reach USD 6.33 billion by 2029, growing at a CAGR of 14.5% during the forecast period (2024-2029).
Nano fertilizers offer enhanced nutritional benefits for agricultural producers. More cost-effective and requiring smaller quantities, nano fertilizers hold distinct advantages over their traditional chemical counterparts. Due to the misapplications of chemical fertilizers and their detrimental effects on agroecosystems, a growing number of farmers are shifting towards nano alternatives. This transition from chemical to nano fertilizers is fueling the anticipated growth of the nano fertilizer market in the coming years. Agriculture, being one of the most vital industries, necessitates smooth and efficient operations.
As environmental toxicity rises, so does the demand for fertilizers. Thanks to advancements in nanotechnology, we can now synthesize nanoparticles on a large scale, forming the foundation of nano-fertilizers. Furthermore, with the global population on the rise, the nano fertilizer market is poised for growth in the coming years. This period will also see an increasing demand for crops yielding higher outputs, further boosting the global nano-fertilizer industry. In July 2024, the Indian government launched its "Nano Fertilizer Usage Promotion Mahaabhiyan" initiative, aiming to accelerate the adoption of nano fertilizers. The initiative plans to set up 200 model nano villages and clusters across 800 villages. Here, farmers will enjoy a 25% subsidy on Nano Urea Plus, Nano DAP, and Sagarika fertilizers. This financial backing for the 2024 fiscal year will be routed through the government's AGR-2 Scheme.
Additionally, under the European Green Deal (European Commission, 2020), the Farm to Fork Strategy is paving the way for a sustainable transition across all sectors, with a keen emphasis on agriculture in the European Union. The Strategy aims for a 50% reduction in nutrient losses and a 20% cut in fertilizer use by 2030, all while maintaining soil fertility. To achieve these objectives, the European Union Commission is advocating for digital solutions, especially the embrace of digital precision fertilization and sustainable agricultural practices, all under the umbrella of the Common Agricultural Policy (CAP) that encompasses nano-fertilizers in the region.
Nano Fertilizer Market Trends
Rising Demand For High-Efficiency Fertilizers
As the global population grows, the proportion of arable land, crucial for food production, is dwindling. This trend forces farmers to cultivate crops in less-than-ideal soil conditions. Enter nano fertilizers: their rising application not only boosts crop yields but also enhances soil quality. By improving the availability of both macro and micronutrients, these fertilizers are set to elevate productivity, enrich nutrient content, and bolster growers' profitability. The Food and Agriculture Organization (FAO) warns that to feed an additional 2.3 billion people by 2050, global food production must surge by 70%. Specifically, the demand for cereals, essential for both human consumption and animal feed, is on track to hit 3 billion metric tons by 2050. This projection indicates a need for cereal production to ramp up by nearly a billion metric tons in the coming years.
However, the over-reliance on synthetic fertilizers not only strains the economy but also exacerbates pollution in our soil, water, and atmosphere. In contrast, nano-fertilizers emerge as a sustainable alternative, bolstering soil fertility and crop production while minimizing environmental repercussions. These sub-microscopic fertilizers, with their expansive surface area and nutrient encapsulation capabilities, boast enhanced mobility. This unique trait potentially amplifies plant nutrient access and boosts crop yields, earning them the title of 'smart nutrient delivery systems.' A 2022 study by the Nano Biotechnology Research Centre in Gujarat, India, highlighted the efficacy of nitrogen and zinc nano fertilizers. When paired with organic farming practices, these nano fertilizers outperformed traditional chemical fertilizers. The study, focusing on cereals like wheat and pearl millet, and oilseed crops such as mustard and sesame, revealed an average yield increase of 5.35% in wheat, 24.24% in sesame, 4.2% in pearl millet, and 8.4% in mustard. These yield enhancements aligned with key plant development metrics: wheat tillers, pearl millet's ear head length, sesame's capsule count, and mustard's siliquae count. Given the escalating demand for food security and the shift towards organic production, the market for liquid fertilizers is poised for growth during the forecast period.
North America Dominates The Market
In recent years, nano fertilizers (NFs), often dubbed smart fertilizers, have gained traction in the U.S. and Canada for their potential to elevate crop yields while curtailing environmental impacts. Nano fertilizers, composed of particles typically smaller than 100 nanometers, serve as an enhancement to traditional fertilizers, aiming to boost agricultural output. Yet, despite their promise, the limited-scale production of NFs has stymied their widespread commercial adoption. The specialized machinery and elevated costs associated with NF production present formidable barriers for industry newcomers. In the U.S., Canada, and Mexico, there's a surging appetite for high-yield crops. Reflecting this trend, the U.S. exported fertilizer products worth USD 8.47 billion in 2022, a notable jump from USD 4.62 billion in 2021. In light of this demand, the U.S. is pivoting from conventional to nano fertilizers to amplify crop yields.
In the U.S., a slew of government policies are championing the commercialization of nanomaterial-based fertilizers. These initiatives aim to cultivate an ecosystem conducive to the growth and acceptance of cutting-edge technologies. A testament to this commitment is the establishment of the National Nanotechnology Initiative (NNI) by the U.S. government, highlighting its dedication to propelling the nation's nanotechnology landscape. Complementing the NNI, the U.S. has introduced the Small Business Innovation Research (SBIR) program, designed to empower small enterprises and nurture nascent technologies. The SBIR program, managed by the Small Business Administration (SBA) in partnership with 11 federal entities, including the USDA, provides funding to small businesses for pioneering product and application development. For scientists venturing into nano-based fertilizers, emphasizing yield rate enhancements can lead to significant cost savings compared to traditional bulk systems. This strategy not only positions nano-based fertilizers as economically viable but also paves the way for their wider acceptance in the global agricultural arena.
Nano Fertilizer Industry Overview
The nano fertilizer market is highly fragmented with the presence of numerous players competing for the leading market position. Indian Farmers Fertiliser Cooperative Limited, EuroChem Group AG, AG CHEMI GROUP s.r.o., Shan Maw Myae Co., Ltd., and Indogulf BioAg LLC are some of the major players in the market. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market studied. Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years.
Nano Fertilizer Market Leaders
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Indian Farmers Fertiliser Cooperative Limited
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EuroChem Group AG
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AG CHEMI GROUP s.r.o.
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Shan Maw Myae Co., Ltd.
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Indogulf BioAg LLC
*Disclaimer: Major Players sorted in no particular order
Nano Fertilizer Market News
- April 2023: Indian Farmers Fertiliser Cooperative Limited (IFFCO) introduced a nano liquid fertilizer, Diammonium Phosphate (DAP), aimed at enhancing crop productivity and bolstering farmers' incomes.
- February 2022: EuroChem Group AG bolstered its presence in Europe by acquiring Borealis Group's nitrogen business, which now includes nano fertilizers.
Nano Fertilizer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Adoption of High-Efficiency Fertilizer
4.2.2 Need for Increased Land Productivity
4.2.3 Increasing Technological Innovation in Nanofertilizers
4.3 Market Restraints
4.3.1 High R&D and Production Cost
4.3.2 Competition Posed by Conventional Fertilizers
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Raw Material
5.1.1 Nitrogen
5.1.2 Silver
5.1.3 Carbon
5.1.4 Zinc
5.1.5 Others Raw Material
5.2 Application
5.2.1 Foliar Spray
5.2.2 Soil Treatment
5.3 Crop Type
5.3.1 Cereals & Grains
5.3.2 Oilseeds & Pulses
5.3.3 Fruits & Vegetables
5.3.4 Others Crop Type
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Indian Farmers Fertiliser Cooperative Limited
6.3.2 Lazuriton Nano Biotechnology Co., Ltd.
6.3.3 Tropical Agrosystem India (P) Ltd.
6.3.4 EuroChem Group AG
6.3.5 AG CHEMI GROUP s.r.o.
6.3.6 Shan Maw Myae Co., Ltd.
6.3.7 Geolife Group
6.3.8 Indogulf BioAg LLC
6.3.9 Nano-Yield
6.3.10 Aqua-Yield Operations, LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Nano Fertilizer Industry Segmentation
Nano fertilizers are nutrients that are encapsulated or coated within nanomaterial in order to enable controlled release, and its subsequent slow diffusion into the soil. The Nano fertilizers Market is Segmented by Raw Material into Nitrogen, Silver, Carbon, Zinc, and Other Raw Materials, Application into Foliar Spray, and Soil Treatment, Crop Type into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crop Types, Geography into North America, Europe, Asia Pacific, South America, and Middle-East and Africa. The report offers market estimation and forecasts in value (USD) for the above-mentioned segments.
| Raw Material | |
| Nitrogen | |
| Silver | |
| Carbon | |
| Zinc | |
| Others Raw Material |
| Application | |
| Foliar Spray | |
| Soil Treatment |
| Crop Type | |
| Cereals & Grains | |
| Oilseeds & Pulses | |
| Fruits & Vegetables | |
| Others Crop Type |
| Geography | ||||||||
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Nano Fertilizer Market Research Faqs
How big is the Nano Fertilizer Market?
The Nano Fertilizer Market size is expected to reach USD 3.22 billion in 2024 and grow at a CAGR of 14.5% to reach USD 6.33 billion by 2029.
What is the current Nano Fertilizer Market size?
In 2024, the Nano Fertilizer Market size is expected to reach USD 3.22 billion.
Who are the key players in Nano Fertilizer Market?
Indian Farmers Fertiliser Cooperative Limited, EuroChem Group AG, AG CHEMI GROUP s.r.o., Shan Maw Myae Co., Ltd. and Indogulf BioAg LLC are the major companies operating in the Nano Fertilizer Market.
Which is the fastest growing region in Nano Fertilizer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Nano Fertilizer Market?
In 2024, the North America accounts for the largest market share in Nano Fertilizer Market.
What years does this Nano Fertilizer Market cover, and what was the market size in 2023?
In 2023, the Nano Fertilizer Market size was estimated at USD 2.75 billion. The report covers the Nano Fertilizer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nano Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nano Fertilizer Industry Report
Statistics for the 2024 Nano Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nano Fertilizer analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
