Agricultural Nanotechnology Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Agricultural Nanotechnology Market is segmented By Type (Nano pesticides, Nano herbicides, Nanomaterials, Nano fertilizers, Nano biosensors, Others), By Application (Crop Production, Soil Improvement, Water Purification, Plant Breeding, Others), By End User (Farmers, R&D Institutes, Government Organization, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Agricultural Nanotechnology Market Report Overview

The global agricultural nanotechnology market research report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. Agricultural nanotechnology usage in agricultural development is on the rise. Demand from farmers and R&D institutes in the USA is spiking. The competitive rivalry intensifies with Nanosys Inc, ASML Holding, and others active in the market.

Agricultural Nanotechnology Market Scope and Summary

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Nanotechnology in agriculture is the application of extremely small tools such as sensors, which can be used for agricultural development. Nanotechnology is a new revolution in industries and has the potential to bring about drastic changes in the agricultural industry. The development of new nanotech-based tools and equipment helps increase efficiency and overcome challenges faced by the agricultural industry. Nanotech-based tools significantly benefit the agricultural sector; they aid in the early detection of diseases, improve plants’ ability to absorb nutrients, and promote molecular treatment of diseases. The implementation of nanotechnology in the form of small sensors and monitoring devices has created a positive impact on the future uses of precision farming methodologies.

Source: DataM Intelligence Analysis (2023)

Agricultural Nanotechnology Market Dynamics and Trends

Advanced technology for sustainable farming to increase yield

Nanotechnology plays an integral part in crop production with the help of controlling nutrients, monitoring water quality, and using pesticides. Sustainable development in agriculture improves food quality with a view to the future. Nanoparticle technology helps in developing a sustainable environment and also supports in management of resources for agriculture. Fertilizers, herbicides, and pests controlling nanoparticles help in maintaining soil fertility. Nanoparticles such as carbon dots, graphene oxide, and fullerenes are used for the improvement of seed quality. Hence, the study on the implication of nanotechnology in the agricultural sector has become an essential factor for sustainable development. Government investment and initiatives to adopt modern agricultural technology due to increasing population, rising demand for food products, and increasing awareness in consumers towards their food safety are growing the market.

Furthermore, the global agricultural nanotechnology market is driven by existing agrochemical companies because they are investigating the potential of nanotechnologies to achieve high efficiency and greater penetration of technology into agricultural components used for plants. Various nano-products specifically used in the agricultural sector have been launched in the market by technology-oriented mid-sized companies that produce soil-enhancement products that promote even water distribution, storage, and consequently water saving. The nanotechnology market has expanded substantially in the agriculture sector. Research has been carried out in the commercial agrochemical sector to gauge the potential advantages of nanotechnology in agriculture. The emergence of nanotechnology applications in consumer products has also increased the number of ethical and societal concerns in some countries, which include health and environmental safety, consumer perception, and intellectual property rights.

However, due to a lack of knowledge, farmers are not using nanotechnology in agriculture. Developing countries like India and China, where farmers use conventional methods for agriculture production, don't even know about nanotechnology use in farming.

Agricultural Nanotechnology Market Shares and Segmentation

Nano fertilizers segment is expected to grow at the fastest CAGR during the forecast period

Nanotechnology has shown its potential to produce growth in the agricultural sector via the utilization of nano pesticides, nano fertilizers,s, and products such as nanosensors. Nano fertilizers promote the slow and steady liberation of nutrients by enhancing the productivity of the soil. They increase nutrient use efficiency and decrease the loss of nutrients which enhances market growth. Enhancement in the photosynthetic function in plants produced due to increased availability of nutrients leads to high yield and dry matter production. The use of nano fertilizers proves helpful because it decreases the frequency of utilization of chemical fertilizers and hence soil toxicity. Thus, nanotechnology can prove as a technique with immense potential for improving agricultural productivity and helping us achieve sustainable agriculture. Nano fertilizers are the most promising engineered elements experimented with for soil. Positive outcomes have been achieved using nano fertilizers. Nano fertilizers can be classified as nanoscale fertilizers, nanoscale additives, and nanoscale coatings; these three types of nano fertilizers deactivate and condense the nutrient.

Agricultural Nanotechnology Market Geographical Analysis

North America is expected to dominate the global agricultural nanotechnology market during the forecast period

North America leads the global agriculture nanotechnology market with the highest share, as many countries such as the United States and Canada are the initial adopters of agriculture nanotechnologies. The surge in population is compelling a shift towards smart agriculture practices. Europe held a significant market revenue share of XX% in the year 2020. The growth of European agricultural technology can be attributed to the high adoption rate for agricultural nanotechnology, increase startup activity in agriculture innovation,n, and crowdfunding for agricultural innovations. Asia Pacific is expected to grow with the highest CAGR of XX% during the forecast period. Asia-Pacific nanotechnological market is likely to expand with a considerable growth rate in the coming years due to the rising call for processed food and development in the agriculture sector. Population growth, disposable income,e and increasing demand for agricultural technology drive the growth of the agricultural nanotechnology market in the  Asia-Pacific region

Source: DataM Intelligence Analysis (2023)

Agricultural Nanotechnology Companies and Competitive Landscape

The global agricultural nanotechnology market is highly fragmented with wide product differentiation. A large number of suppliers operating and product launches are intensifying the market competition. Companies such as Nanosys Inc, ASML Holding, Zyvex Labs, Oxford Instruments plc, Nanoco Group plc, and ThalesNano Inc. are some of the leading players in the market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of agricultural nanotechnology globally. NanoSpy, Inc. has launched Rapid Pathogen Detection Biosensors in 2017.

COVID-19 Impact on Agricultural Nanotechnology Market Growth

Positive impact on the agricultural nanotechnology market

The COVID-19 pandemic has accelerated the deployment of nanotechnology in the agriculture sector. Manufacturing of components witnessed a considerable slowdown during the coronavirus crisis to curb the infection spread. However, with numerous challenges including supply chain disruption, and shortage of labor, farm owners may have also come to realize that automation could be the key to solving some of the problems in case of any future disruptions. Amid widespread disruption caused by the pandemic, agriculture companies applying nanotechnology to farming could record significant benefits.

Why Purchase the Report?

• Understand the current market scenario and viability of agricultural nanotechnology over the forecast period
• Visualize the composition of the global agricultural nanotechnology market in terms of product, application, and end-user to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and acquisitions in the market

What do we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global agricultural nanotechnology market – regional and country-level segmentation
• Product mapping in excel for the key products of all major market players
• Market share analysis covering business revenues ($) and revenue share (%) of key market players

*The global agricultural nanotechnology market report would provide an access to approximately 45 market data tables, 40 figures, and 180 pages

Target Audience

• Agricultural Components Manufacturers
• Pesticides Manufacturers
• Education & Research Institutes
• Research Professionals

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