Market Segmentation
Foliar Application Exhibits Fastest Growth
Based on the Method of Application, the Foliar application witnessed a robust growth rate in the Asia-Pacific Nano Fertilizers market in the past few years. The foliar application of nano fertilizer is more often when there are unfavorable soil & weather conditions. There is less wastage of fertilizer in this application as it directly supplies nutrients into the plant system, leading to higher nutrient use efficiency (NUE). Moreover, it is the fastest way of correcting nutrient deficiencies and escalating the quality of crop products. Besides this, the fact that it reduces environmental pollution and improves nutrient utilization is another crucial factor behind the robust growth of the foliar application, reveals MarkNtel Advisors in their research report, “Asia-Pacific Nano Fertilizers Market Analysis, 2021.”
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 17% |
| Countries Covered | China, Japan, South Korea, Australia, India, South East Asia |
| Key Companies Profiled | Prathista Industries Limited, Lazuriton Nano Biotechnology Co., Ltd., Smart Agri-Tech Co. Ltd., Syngenta, Sonic Essentials, UNO Fortunate Inc., Florikan, IFFCO., etc. |
| Unit Denominations | USD Million/Billion |
According to MarkNtel Advisors’ research report, “Asia-Pacific Nano Fertilizers Market Analysis, 2021,” the market is likely to grow at a CAGR of 17% during 2021-26F due to the increasing demand for nano fertilizers to reduce the use of chemical fertilizer urea by 50%. Surging advancements and R&D in nanotechnology have escalated the production of nanoparticles used in producing nano fertilizer formulations. Besides this, increasing water pollution, soil degradation, and biodiversity loss due to the burgeoning use of chemical fertilizers have also propelled the demand for nano fertilizer in the region.
