Nano Fertilizer Market Analysis

Method of Application 

It is anticipated that the soil mode of application will dominate the nano fertilizer market and account for the largest revenue share of 72% during the forecast period owing to the extensive use of soil method of application in agricultural practices, the ability to provide sustained nutrient availability to plants, and the ease of application over large areas of cultivated land. Additionally, the soil application of fertilizer enables the gradual release of nutrients, providing a consistent supply to crops over an extended period, which is particularly beneficial for the growth and development of agricultural produce.

Raw Material 

The carbon segment is projected to dominate the nano fertilizer market in terms of revenue, primarily due to its exceptional absorption capability. Carbon nanomaterials (CNMs) serve as fertilizer and play a key role in promoting crop growth and health. Graphene oxide film, for instance, is a carbon-based nanomaterial, that can prolong the process of potassium nitrate release, and time of function and minimizes losses by leaching. These raw materials have been infused with particles that possess antibacterial properties against different plant illnesses, as well as the capacity to enhance plants' ability to absorb essential nutrients from the soil.

In April 2022, Zhu et al. disclosed that novel fungicides could be made using carbon-based nanomaterials that have antifungal properties. SWCNTs or single-walled carbon nanotubes, have the highest antifungal effect compared to several other carbon nanomaterials (CNMs) tested against two plant pathogenic fungi.

Application 

The cereals and grains segment in the nano fertilizer market is projected to hold a revenue share of 45% throughout the projected period owing to the growing demand for grains and cereals, particularly maize, wheat, rice, and oats to provide food to the rapidly rising population. The nutritional value and protein content of cereals & grains, compared to other vegetables and fruits, further contribute to the growth of this segment.

Farmers are transitioning towards nano fertilizer to fulfill the growing need for production. According to Food and Agriculture’s (FAO) latest prediction for global cereal production in 2024 has been raised by 7.9 million tons and is now valued at 2,854 million tons. The capacity of nano fertilizer to enhance crop productivity and effectiveness in delivering vital nutrients continues to be highly profitable in boosting segment revenue growth.

Our in-depth analysis of the nano fertilizer market includes the following segments: