Scientific advances in agriculture sector are driving the growth in Global Nano Fertilizers Market in the forecast period, 2022-2026.
According to TechSci Research report, “Nano Fertilizers Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026”, The global nano fertilizers market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of increasing dependency on advanced technologies for the higher yielding crops. Moreover, incorporation of the advanced methods of agriculture with nanotechnologies is also driving the growth of the global nano fertilizers market in the upcoming five years. Also, advantages of nano fertilizers reduce risks such as atmospheric and ground water pollution, soil acidification, eutrophication, decline in the level of soil fertility, and loss of biodiversity. Additionally, increasing global population is also supporting the growth of the global nano fertilizers market in the next five years. Increasing demand for the higher yielding crops is further aiding the growth of the global nano fertilizers market in the future five years.
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The global nano fertilizers market is segmented on the basis of category, raw material, method of application, crop type, competitional landscape, and regional distribution. Based on category, the market is further fragmented into nanoscale fertilizer, nanoscale additive fertilizer, and nanoscale coating fertilizer. Nanoscale fertilizers are anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment in the upcoming five years on the account of their advantages in supplying nutrients in a more effective manner. These fertilizers are made of nanoparticles that contain nutrients. Preliminary nanomaterials are produced by using both physical (top-down) and chemical (bottom-up) approaches. The targeted nutrients are encapsulated inside a nano porous material that is coated with thin polymer particle. Absorption ability of the nanoscale fertilizers are comparatively more.
On the basis of raw material, the market is bifurcated into silver, copper, aluminium, carbon, others. Carbon based nanomaterial are anticipated to hold the largest revenue shares of the market since due to their tendency of effective absorption. Graphene oxide films, a carbon-based nanomaterial, can prolong potassium nitrate release, extending the time of function and minimizing losses by leaching. Silver raw material is also expected to register significant growth in the upcoming five years on the grounds of its efficiency in providing green and eco-friendly alternatives. These raw materials are influenced with particles that have antimicrobial activities against various plant pathogens along with its capacity in helping the plants enhance their ability in absorbing important nutrients from the soil.
Based on method of application, the market is segmented into soil method of application, foliar or spray method of application, and soaking method. Soil method of application is expected to dominate the segment and register largest revenue shares of the market in the next five years on the account of their ability to move the nutrients in the soil, facilitating its release and penetration into the roots. Moreover, continuous exploration of innovative solutions has led to the synthesis of novel nanomaterials, resulting in a powerful tool for the development of new technological products that are efficiently supplied via soil application method, and further supporting the growth of the sub-segment and driving the growth of the global nano fertilizers market in the future five years.
During the market analysis, a partial list of leading market players includes:
- 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.
- Tropical Agrosystem India (P) Ltd.
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“North American region is anticipated to dominate the market in the future five years on the account of increasing advancement in the agriculture sector in the countries like United States and Canada. Moreover, the research and technological advancement is rapidly increasing in the region and thus supporting the future growth of the global nano fertilizers market in the next five years. Asia Pacific region is anticipated to register fastest growth in the upcoming five years due to dependency of the countries like India, China, etc. on the agricultural sector. Countries like China, India, Taiwan generates large revenue shares from their agriculture industry. Moreover, increasing penetration of nanotechnology in the agriculture sector is expected to aid the growth of the global nano fertilizers market in the upcoming five years. Market players are also playing important role in the market growth. New market players may merge and collaborate with the existent market giants for the innovative product launches and establish their brand value,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Nano Fertilizers Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Category (Nanoscale Fertilizer, Nanoscale Additive Fertilizer, Nanoscale Coating Fertilizer), By Raw Material (Silver, Copper, Aluminium, Carbon, Others), By Method of Application (Soil Method of Application, Foliar or Spray Method of Application, Soaking Method), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Region”, has evaluated the future growth potential of global nano fertilizers 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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