Nano Fertilizer Market Share

North America Market Statistics

The nano fertilizer market in North America is expected to account for a significant revenue share of about 35% during the projected timeframe owing to a high focus on improving nutrient content and rapid advancements in nanotechnology. There has been rapid adoption of high-quality nano fertilizer in the U.S., Canada, and Mexico to improve crop quality and cater to rising demand for crops such as maize, wheat, rice, and oats.

The market for nano fertilizer in the U.S. is rapidly expanding as farmers are transitioning from traditional fertilizer to nano fertilizer to enhance crop productivity and agricultural companies are launching advanced, innovative products. For instance, in November 2023, Nano Yield introduced the NanoCote brand, a groundbreaking nanotechnology-based granular fertilizer coating designed for fertilizer, adjuvants, and crop chemistries.

The nan0-fertilizer market in Canada is propelled by strong growth in the agriculture and food business, together with the consequent technological development in the nano fertilizer sector. This growth aligns with growing investments and the rising awareness about the benefits of using nano fertilizer to improve crop productivity and address the need for enhanced agricultural technologies.

APAC Market Analysis

Asia Pacific is expected to register significant growth in the nano fertilizer market owing to increasing food demand, rising population in the region, and high adoption of sustainable agricultural practices. Countries such as India, China, Japan, South Korea, and Indonesia play diverse and influential roles in shaping the agriculture industry landscape.

In India, the development and adoption of nano fertilizer, particularly nano urea, has received significant attention and are poised to revolutionize agricultural practices to enhance crop productivity while reducing environmental pollution and input costs. In June 2024, Coromandel International Limited, introduced an advanced nano fertilizer plant at the Kakinada complex in Andhra Pradesh. This unit produces a huge range of NPK grades with an annual capacity of 2 million metric ton of fertilizer and serves to the needs of farming communities across India.

In China, nano fertilizer are gaining attention as a potential solution to enhance agricultural practices and crop production. The efficient use of engineered nanomaterials (ENMs) in place of conventional fertilizer and pesticides is seen as a way to minimize the environmental impact of agricultural approaches. Key players such as Neufarm Chemical, Qingdao Develop Chemistry Co., Ltd, and Xingtai Ruijin Import and Export Co., Ltd. are adopting several strategies and advancements to enhance crop nutrition, improve soil quality, and promote sustainable agricultural practices.

Japan’s nano fertilizer market is rapidly expanding due to the presence of strong financial initiatives and policy structures. The continuing process of research and development in Japan within this field demonstrates the potential for nano fertilizer to contribute to the advancement of agricultural practices.