Nano Fertilizers Market Size, Share, Growth Analysis, By Raw material(Carbon based nano fertilizer and Nitrogen based nano fertilizers), By Application(Cereals & grains, Oil seeds and pulses, Fruit and vegetable), By Region - Industry Forecast 2024-2031

Nano Fertilizers Market size was valued at USD 2.7 billion in 2021 and is poised to grow from USD 3.1 billion in 2022 to USD 9.35 billion by 2030, growing at a CAGR of 14.8% in the forecast period (2023-2030).

nano fertilizer market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of nano fertilizer market. 'Haifa Chemicals Ltd.', 'Agrium Inc.', 'Yara International ASA', 'The Mosaic Company', 'Israel Chemicals Ltd.', 'SQM S.A.', 'K+S AG', 'The Potash Corporation of Saskatchewan Inc.', 'Coromandel International Limited', 'ICL Specialty Fertilizers', 'EuroChem Group AG', 'Gujarat State Fertilizers & Chemicals Limited', 'Deepak Fertilisers and Petrochemicals Corporation Ltd.', 'Rashtriya Chemicals & Fertilizers Limited', 'Fertiberia S.A.', 'Kribhco Fertilizers Limited', 'Sinofert Holdings Limited', 'Compo Expert GmbH', 'The Scotts Miracle-Gro Company', 'Kingenta Ecological Engineering Group Co., Ltd.'

Chemical fertilizers cause leaching, eutrophication, pollution, and persistent impacts on crops. The need to shift from chemical fertilizers to nano-fertilizers is helping the growth of Nano Fertilizers Market. Nano fertilizers have a capacity to replace chemical fertilizers because nano fertilizers are inexpensive and used in small quantities. Due to all these advantages of nano fertilizers over chemical fertilizers, the nano fertilizers market is growing rapidly.

Nano fertilizer remain preferred choice among the consumers due to the increases crop productivity, fulfil food requirement of population. Use of nano fertilizers minimizes the use of chemical fertilizers by 80-100 times which reduce imports of chemical fertilizers which are harmful to environment.

On the basis of region, nano fertilizer market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the market in 2022 with a revenue share of over 34%. This is due to the increasing demand for high-yield crops in the countries such as the U.S., Canada, and Mexico. To increase the yield of crops, countries like the US have shifted from conventional fertilizer use to nano fertilizers. Also, research and technological advancement in the field is supporting the future growth of nano fertilizers market during the forecast period.

Nano Fertilizers Market size was valued at USD 3.10 billion in 2022 and is poised to grow from USD 3.56 billion in 2023 to USD 10.74 billion by 2031, growing at a CAGR of 14.80% during the forecast period (2024-2031).

nano fertilizer market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of nano fertilizer market. 'Haifa Chemicals Ltd.', 'Agrium Inc.', 'Yara International ASA', 'The Mosaic Company', 'Israel Chemicals Ltd.', 'SQM S.A.', 'K+S AG', 'The Potash Corporation of Saskatchewan Inc.', 'Coromandel International Limited', 'ICL Specialty Fertilizers', 'EuroChem Group AG', 'Gujarat State Fertilizers & Chemicals Limited', 'Deepak Fertilisers and Petrochemicals Corporation Ltd.', 'Rashtriya Chemicals & Fertilizers Limited', 'Fertiberia S.A.', 'Kribhco Fertilizers Limited', 'Sinofert Holdings Limited', 'Compo Expert GmbH', 'The Scotts Miracle-Gro Company', 'Kingenta Ecological Engineering Group Co., Ltd.'

Chemical fertilizers cause leaching, eutrophication, pollution, and persistent impacts on crops. The need to shift from chemical fertilizers to nano-fertilizers is helping the growth of Nano Fertilizers Market. Nano fertilizers have a capacity to replace chemical fertilizers because nano fertilizers are inexpensive and used in small quantities. Due to all these advantages of nano fertilizers over chemical fertilizers, the nano fertilizers market is growing rapidly.

Nano fertilizer remain preferred choice among the consumers due to the increases crop productivity, fulfil food requirement of population. Use of nano fertilizers minimizes the use of chemical fertilizers by 80-100 times which reduce imports of chemical fertilizers which are harmful to environment.

On the basis of region, nano fertilizer market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the market in 2022 with a revenue share of over 34%. This is due to the increasing demand for high-yield crops in the countries such as the U.S., Canada, and Mexico. To increase the yield of crops, countries like the US have shifted from conventional fertilizer use to nano fertilizers. Also, research and technological advancement in the field is supporting the future growth of nano fertilizers market during the forecast period.