Nano Fertilizer Market Size

Nano Fertilizer Market size was valued at USD 345.3 million in 2023 and is set to exceed USD 1.80 billion by the end of 2036, expanding at over 16.1% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of nano fertilizer is estimated at USD 395.2 million.  

The growth of the market is attributed to the rising need for high-quality and nutritious food to cater to the rapidly expanding global population. Nano fertilizer improve the nutritional value of agricultural products and are widely used in farms due to their cost-effectiveness, easy usage, and low requirement compared to conventional chemical fertilizer. These nano fertilizer are rapidly gaining traction as there has been a steady inclination toward sustainable agriculture.

Several governments across the globe are launching new programs and campaigns to promote nanofertilizer with higher efficiencies and lower drawbacks, compared to conventional fertilizer. For instance, in July 2024, Nano Fertilizer Usage Promotion Mahaabhiyan was launched by IFFCO India to promote the use of nano fertilizer. Under this, farmers from 800 villages will be given a subsidy of 25% on the market price of Nano Urea Plus, Nano DAP, and Sagarika to improve crop yields.