Nanotechnology is widely deployed in agriculture and horticulture. The Asia-Pacific Nano Fertilizers market is anticipated to grow at an astronomical rate as these are eco-friendly compared to conventional fertilizers. The growth of the market is accredited to rising investment in R&D in nanotechnology to upsurge crop productivity and to enhance fertilizer formulations. The increasing application of chemical fertilizers is not good for the long run as chemicals have disturbs the soil mineral balance and can also decrease soil fertility. Moreover, burgeoning food need due to the booming population and increasing awareness regarding the benefits of using nano fertilizer are creating lucrative opportunities for the growth of the market in the forecast period.
Key questions answered in the study
According to MarkNtel Advisors’ research report “Asia-Pacific Nano Fertilizers Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 17% during 2021-26. Based on the Application, Food and Vegetable segment acquired a considerable share in the Nano fertilizer market in 2019. The surging use of chemicals in fruit and vegetable to meet the growing demand has augmented the use of nano fertilizer to increase the quality and yield of the crops. The nano fertilizer plays a vital role in the growth of fruit and vegetative as it enhances productivity, product quality and also soaring the shelf life and decreasing waste.
“Asia-Pacific Nano Fertilizers Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Nano Fertilizers providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
India Attain the Highest Growth
India is projected to grow at the highest CAGR in the Asia-Pacific Nano Fertilizers market during 2021-26. The demand for nano fertilizer is increasing in order to reduce the use of urea by 50% and to increase crop production by 30%. The growing awareness about the use of nano fertilizer as it aids soil health and also curbs greenhouse gas emission as it is environment-friendly plant nutrition products is escalating the growth of the market. Moreover, the introduction of nanotechnology-based fertilizer for on-field trials and low cost as compared to conventional chemical fertilizer are the driving factors accelerating the growth of the Nano Fertilizers market in the near future as revealed by MarkNtel Advisors’ research report “Asia-Pacific Nano Fertilizers Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Nano Fertilizers market are Prathista Industries Limited, Lazuriton Nano Biotechnology Co., Ltd., Smart Agri-Tech Co. Ltd., Syngenta, Sonic Essentials, UNO Fortunate Inc., Florikan, IFFCO. etc.