Nano Fertilizer Market Trends

Growth Drivers

• High usage of nano fertilizer to enhance crop productivity: Nano fertilizer also exhibit distinctive characteristics that improve plant performance by facilitating ultrahigh absorption, increasing production, enhancing photosynthesis, and significantly expanding the surface area of leaves. According to a publication of Scholarly Community Encyclopedia 2022, nano fertilizer play a crucial role in plant nutrition and human health and are about 50-70% highly efficient compared to traditional fertilizer.

• Increasing public awareness: Nano fertilizer, including nano pesticides and nano sensors, are designed to enhance solubility, increase nutrient absorption in plants, and improve agricultural productivity. These advancements have the potential to bring about efficient dosage of fertilizer, improved vector and pest management, reduced chemical pollution, and ultimately increased agricultural productivity.
  
  Rising awareness of the harmful effects of chemical fertilizer led to increasing use of bio-fertilizer, nano fertilizer, microbiomes, and various other alternative solutions. According to the International Journal of Botany Studies (2024), around 64% of farmers agreed that using N-Nano fertilizer leads to higher production levels as compared to traditional methods.

Challenges

• Concerns associated with high production cost: The manufacturing of nano fertilizer involves the use of advanced technology and materials that are costly. This in turn increases the overall cost of the product, leading to its low adoption, especially, among small-scale farm owners. 

• Competition from conventional fertilizer: Many conventional fertilizer low cost and widely available as compared to these nano fertilizer. Thus, convincing farmers to switch to expensive alternatives can be difficult without clear benefits and results. This is a key factor expected to hamper overall market growth in the coming years.