Nano Fertilizers Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024
A nano fertilizer refers to a product in nanometer scale that delivers nutrients to the crops. Research & development in nanotechnology has altered ways for large-scale production of nanoparticles of physiologically important metals, which are now used to enhance fertilizer formulations. Large-scale application of chemical fertilizers to increase the crop productivity is not an appropriate option for long run because they are considered as double-edged swords, which on the one hand increase the crop production but on the other hand disturbs the soil mineral balance and decreases soil fertility. Nanoparticles have high surface area, sorption capacity, and controlled-release kinetics to targeted sites making them a “smart delivery system”. Nano fertilizers can precisely release their active ingredients in response to environmental triggers and biological demands. According to ACS, the hybridization of the HA nanoparticles and urea, releases nutrients 12 times slower than urea itself. Being an infant technology, the ethical and safety issues regarding the use of nano fertilizers in increasing plant productivity are being carefully evaluated before their application in agricultural fields. Many countries have identified the potential of nanotechnology in the food and agriculture sectors and are investing considerably in its applications to food production. Moreover,, nanotechnology is capable of enhancing crop productivity and reducing nutrient losses, raising interest in the concept of nano fertilizers.
The key factors driving the growth of global nano fertilizers market are growing global population, increasing food requirements and ability of nano fertilizers to offer balanced fertilization through a smart delivery system. Moreover, the eco-friendly nature of nano fertilizers as compared to the conventional fertilizers also acts as a driver for the market growth. Though, the application of nano particles above their recommended dose can lead to toxicity in certain cases. Moreover, the lack of availability of toxicological studies due to inadequacy of soil & field- based studies on nano particles, might acts as a major restraint for the market growth. However, development and validation of nano fertilizers that are non-disruptive to existing bulk fertilizer production systems will motivate the industry’s involvement in nano fertilizers, creating huge opportunities for the growth of market in the upcoming years.
The global nano fertilizers market is segmented on the basis of type, application, and geography. By type, the market is segmented into zinc nano fertilizers, boron nano fertilizers, nano aptamers, nano porous zeolite, carbon nano tubes, and others. On the basis of application, the market is mainly segmented into in-vitro and in-vivo applications. The in-vitro application segment is further categorized into aeroponics, and hydroponics. The in-vivo segment is further segmented into soil application, and foliar spray. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
Some key vendors in the market are Richfield Fertilizers Pvt. Ltd, Prathista Industries Limited, Lazuriton Nano Biotechnology Co., Ltd., Alert Biotech, Smart Agri-Tech Co. Ltd., Syngenta, Nanosolutions, Sonic Essentials, Jinzhou City Jinchangsheng Chemical Co., Ltd., UNO Fortunate Inc., and Florikan. In May 2017, NASA joined hands with Florikan for the testing and development of polymer coatings for time-release fertilizers for growing plants in space.
NANO FERTILIZERS MARKET SEGMENTATION
• Zinc nano fertilizers
• Boron nano fertilizers
• Nano aptamers
• Nano porous zeolite
• Carbon nano tubes
o Soil application
o Foliar application
• North America
• Rest of the World
KEY MARKET PLAYERS
• Richfield Fertilizers Pvt. Ltd
• Prathista Industries Limited
• Lazuriton Nano Biotechnology Co., Ltd.
• Alert Biotech
• Smart Agri-Tech Co. Ltd.
• Sonic Essentials
• Jinzhou City Jinchangsheng Chemical Co., Ltd.
• UNO Fortunate Inc.