Summary

The nano fertilizers market is expected to grow at a strong CAGR of around 15% during the forecast period. Nano fertilizers refer to a new class of plant nutrients that are engineered at the nanoscale level. They are designed to enhance nutrient uptake by plants, reduce nutrient loss due to leaching, and improve soil health. The global market for nano fertilizers is expected to experience significant growth in the coming years, driven by several factors such as the increasing global population & the consequent rise in demand for food and agricultural products are expected to drive the demand for high-quality fertilizers. Also, the need for sustainable agriculture practices that minimize the environmental impact of chemical fertilizers is also driving the demand for nano fertilizers. Additionally, the development of advanced technologies for the manufacture of nano fertilizers is expected to drive down production costs, making them more affordable and accessible to farmers. For instance, Indian Farmers Fertilizer Cooperative Limited (IFFCO), produced over 87.02 lakh metric tons of fertilizer in 2021-2022. Therefore, it is anticipated that the market for nano fertilizers will expand steadily in the coming years, driven mostly by rising demand from developing nations.

Some of the major players operating in the market include Indogulf BioAg LLC; Silvertech Kimya Sanayi ve Ticaret Ltd. Şti.; JU; AG CHEMI GROUP s.r.o.; Geolife Group; Shan Maw Myae Co., Ltd.; EuroChem Group; Tropical Agro; IFFCO; AGRICULTURE SOLUTIONS INC. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst raw materials, the nitrogen category is to witness the fastest growth in this market in 2021.”
Based on raw material, the market is segmented into nitrogen, silver, carbon, zinc, and others. Amongst these, the nitrogen-based category is to witness the fastest growth in this market in 2021. This is because nitrogen-based fertilizers are still an affordable option. Also, fertilizer is still readily available to farmers and gives a variety of crops good nutrition. Furthermore, soil nitrogen frequently has a good impact on pasture and crop growth. As a result, it plays a crucial role in the development and reproduction of plants.

“Amongst application, the cereals & grains category held the majority share of the market in 2021.”
By application, the market is bifurcated into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among these, the cereals & grains category captured the majority share of the nano fertilizers market in 2021. This is due to the rising demand for grains and cereals, particularly maize, wheat, and rice, is to blame for this. The FAO estimates that 2021 saw an increase in cereal production from 2777.7 million tonnes in 2020 to 2815.1 million tonnes. Farmers are switching to employing nano fertilizers as a result to satisfy this growing demand for production. For food growers around the world, their ability to increase crop output and efficiency in delivering crucial nutrients remains an attractive prospect.

“APAC Anticipated to Grow at The Fastest CAGR in 2021.”
APAC is anticipated to grow at the fastest CAGR during the forecast period. This is mainly due to the large population in the region and the high demand for nutritional food. Moreover, rising agricultural yields is one of the major factors in the countries like China, India, and Australia. Furthermore, rising investment and government subsidies in the agriculture sector will boost the demand for fertilizers in the region. For instance, the Indian Government increased subsidy allocation for fertilizers from USD 9.83 million to more than USD 11 million in 2019. These factors are also contributing to the growth of the water-soluble fertilizers market.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global Nano Fertilizers Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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