Agricultural Nanotechnology Market Size, Share, By Type (Nano-Pesticides, Nano-Herbicides, and Nanomaterials), By Application (Crop Production and Protection, Soil Improvement, and Water Purification), By End-User (Farmers, R&D Institutes, Government Organizations, and Residential), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI553424 | Publish Date: July 2024 | No. of Pages: 187

Agricultural Nanotechnology Market Overview

Agricultural Nanotechnology Market Size was valued at USD 391.4 Billion in 2024 and is expected to reach USD 1186.1 Billion by 2034, growing at a CAGR of 12.9%.

Agricultural nanotechnology is the use of nanotechnology techniques and principles in agriculture and food production, particularly the utilization of materials, devices, and systems at the nanoscale—1–100 nanometers—to increase agricultural practices, crop yields, and new, improved, efficient, and more eco-friendly farming methodologies.

It will involve an innovative approach with many applications of nano-fertilizers, nano-pesticides, and nano-sensors. Nano-fertilizers are designed to release the content nutrients in a more controlled manner, enhancing plant uptake while reducing wastage and associated negative impacts on the environment. In their case, nano-pesticides provide very selective and controlled delivery of active ingredients; this would likely reduce the total use of chemicals in agriculture. The nano-sensors will be involved in accurately monitoring soil conditions, plant health, and environmental factors, creating the possibility of data-driven decisions among farmers to manage resources more efficiently. Agricultural nanotechnology extends into food processing and packaging. The nano-materials can be used to develop intelligent packaging, which monitors food quality, prolongs shelf life, and identifies the freshness of food in food processing. Nanotechnology can improve foods' texture, flavor, and nutritional contents and create new functional foods with enhanced properties.

Potential benefits associated with agricultural nanotechnology include increased crop yields, reduced environmental impact, improved food safety, and enhancement of the nutritional value of foods. However, some challenges to this field exist in the form of regulatory issues and potential environmental and human health risks. Further research is needed to study the long-term effects of nanomaterials in agriculture and food systems.

With the rapid advancement of nanotechnology, opportunities in agricultural nanotechnology emerge that can help address global concerns about food security and sustainable agriculture and pave the way for revolutionary new food production, processing, and consumption. It is a technology whose ethical, environmental, and societal ramifications must be considered as it advances toward full development and integration into agricultural practice.

Agricultural Nanotechnology Market Size

Agricultural Nanotechnology Market Dynamics

Key Drivers of Target Market:

Growing Global Population and Food Security:

  • With the ever-increasing global population, which is projected to be more than 9 billion by 2050, a manyfold increase in food production is required. Conventional agricultural practices have reached their limit, and nanotechnology can play a key role in enhancing crop yield and quality without elevating resource consumption. Nanotechnology can add to global food security by meeting the objectives of nutrition supply, enhanced plant resistance to disease, and low water use.

Long-term Need for Sustainable Agriculture:

  • Because sustainability aspects are gaining precedence, more sustainable technologies are needed. Nanotechnology has great potential for reducing environmental impacts associated with pesticide and fertilizer use, water conservation, and soil health improvement. For instance, nano-coated fertilizers can slowly release their nutrients and distribute them precisely to the roots of plants, thereby reducing runoff and environmental contamination. This would also bring a decrease in the quantity of fertilizers used. Nano biosensors monitor the exact condition of the soil, whereby farmers can apply the right amount of water and fertilizers at the right time to minimize wastage.

Restrains:

High Costs:

  • Most of the time, developing and producing nanomaterials and nanotechnology-based products are expensive. This may be unaffordable to small-scale farmers with low financial resources. Furthermore, the high prices of products make it very difficult for farmers to spend on such investments if they are not guaranteed a good return. Even more problematic is the absence of accessible financing arrangements for adopting nanotechnology in agriculture, which adds to this problem.

Opportunities:

Increased Crop Production:

  • Nanotechnology can significantly improve crop yields by several mechanisms. For example, nano-fertilizers can take the fertilizers directly onto the roots, increasing the amount of nutrient uptake and utilization. Secondly, nano-pesticides and nano-herbicides may have a more profound effect on pests and weeds than regular pesticides and herbicides; less damage has been caused to crops, and repeated applications are unnecessary. Thirdly, nanomaterials can be used to develop coatings to protect crops from harmful environmental conditions such as drought, heat stress, or diseases.

Agricultural Nanotechnology Market Segmentation

The market is segmented based on Type, Application, End-User, and Region.

Type Insights:

  • Nano-Pesticides: The application of nanoparticles in pest control is known as nano-pesticides. These tiny particles could increase the efficiency of pesticides, so the dosages that would be used would be lesser, hence reducing damage to the environment. Nanoparticles can enhance the stability of active ingredients and their solubility for effective delivery to target pests. This is an essential segment of sustainable agriculture, as chemical residues must be reduced in food and the ecosystem.
  • Nano-Herbicides: Nano-herbicides are nano-herbicides that use nanotechnology to develop more efficient and accurate herbicides. Since these particles are very small, they penetrate and spread better, thus using a lesser quantity to achieve effective weed control. This means fewer applications of herbicides, thereby leading to less contamination of the environment. Such nano-herbicides are formulated so that only certain weeds may be killed without affecting crops, rendering weed management more effective and eco-friendly.
  • Nanomaterials: This segment represents a wide range of nanoscale materials that improve agricultural practice. Examples include nanoparticles that can improve the structure of the soil, raise its water retention, and deliver the required nutrients. Nanomaterials can also find applications in packaging, extending shelf life and reducing spoilage losses. Their diverse applications make them a versatile tool for advancing agricultural productivity and sustainability.
  • Nano-Fertilizers: These nano-fertilizers are tailored to supply nutrients more efficiently to plants. Nanoparticles in these fertilizers make the release of nutrients into the soil gradual and controlled, thereby minimizing the excesses wasted and increasing their absorption by plants. Thereby, crop yields will increase, and the environmental effects of excessive fertilizer use will be reduced. In this respect, nano-fertilizers are a gigantic step in sustainable agriculture toward rationalized nutrient management.
  • Nano-Biosensors: Nano-biosensors are used for real-time monitoring of different agricultural parameters, like soil moisture, nutrient levels, and the presence of pests. Such sensors provide accurate and timely data that a farmer can use to make informed decisions about irrigation, fertilization, and pest control. Through such precision agriculture, nano-biosensors have significantly improved productivity while reducing resource usage for better efficiency and sustainability in farming.

Application Insights:

  • Crop Production and Protection: This application emphasizes using nanotechnology to improve crop yields and protect them from diseases and pests. Nano-pesticides, nano-herbicides, and nano-fertilizers play critical roles here, mainly by giving targeted actions, reducing input costs, and causing less environmental impact. In this regard, nanotechnology in crop production and protection will guarantee food security and sustainability.
  • Soil Improvement: Nanotechnology can significantly improve soil fertility and health. Nanomaterials can improve the structure of the soil and its water-holding capacity and even facilitate better plant absorption of nutrients. All these improvements lead to the production of healthier crops and higher yields and maintain long-term agricultural productivity, reducing soil degradation.
  • Water Purification: Nanotechnology has some novel solutions in the domain of water purification in agriculture. The system removes contaminants and pathogens from irrigation water to ensure that crops get safe and clean water. This application is hence very important, particularly in areas prone to water scarcity or pollution, helping sustain the quality and safety of water used in farming.
  • Plant Breeding: Nanotechnology can support the speed of the production of new crop varieties with various advantageous traits in plant breeding, such as resistance to diseases and drought and increased nutritional values. Nanoparticles can carry DNA or RNA molecules into plant cells for gene modification.
  • Diagnostic: Nanotechnology-based diagnostics ventured into providing precise, timely, and early detection of plant diseases, soil nutrient deficiencies, and pest infestations. Nano-biosensors and other diagnostic tools give real-time data, which enables prompt and targeted interventions. This application is essential in avoiding crop losses and guaranteeing the best growing conditions. All this combines to ensure increased agricultural productivity.

End-User Insights:

  • Farmers: Farmers are major users and the first points of contact regarding agricultural nanotechnology applications. They benefit from increased yields, reduced input costs, and sustainable farming practices that nanotechnology can advance. With the adoption of nano pesticides, nano fertilizers, and nano-bio sensors, farmers increase their productivity while ensuring sustainability to the environment. This section examines nanotechnology's practical applications and benefits at the farm level.
  • R&D Institutes: Research and development institutes are the backbone of advancing agricultural nanotechnology studies. Such studies are performed at these institutes to develop newer nano-based products and solutions and test their efficacy and safety. The R&D institutes also work hand-in-hand with farmers and other stakeholders in the industry to translate scientific innovation into practice. Their work will hence be fundamental for continuous improvement and adoption of nanotechnology in agriculture.
  • Government Organizations: Government organizations support agricultural nanotechnology adoption through policies, funding, and regulatory frameworks. They ensure that nano-based products are safe to use and useful for agricultural practices. Governments also support research and development in this field and further provide training and resources to farmers. Their involvement is vital to creating an enabling environment for the growth of the agricultural nanotechnology market.

Regional Insights

  • North America: North America dominates the agricultural nanotechnology market owing to advanced research, strong infrastructure, and supportive policies in the Region. This Region also exhibits a relatively fast diffusion rate of innovative farming technologies, which makes use not only of nanotechnology but also of sustainable agriculture and environmental conservation—that further encourages demand for nano-based solutions.
  • Asia Pacific: The Asia Pacific region holds immense growth opportunities for the agricultural nanotechnology market due to its large agricultural base and rising demand for food. Countries like China and India are investing heavily in the modernization of their respective agriculture sectors, including the adaptation of nanotechnology. The emphasis of the Region on increasing crop yield and combatting problems like soil degradation and low water availability acts as a booster for the market.
  • Europe: Europe presents another key market for agricultural nanotechnology, characterized by strict regulations and a strong emphasis on sustainability. The agriculture sector in Europe benefits from advanced research and development activities, coupled with government support for innovative farming practices. Europe's commitment to reducing chemical use in agriculture drives the adoption of nano-pesticides, nano-fertilizers, and other nano-based products.
  • Latin America: The growing agricultural nanotechnology market is also driven by extensive farm activity and the need to raise productivity. This region's turn toward sustainable farming and low environmental impacRegionligned with the benefits that nanotechnology can offer. Investments in research and development and collaborations between local and international partners support market expansion in this region.
  • East and Africa: The Middle East and African region has problems such as water scarcity and high levels of aridity, which is why nanotechnology assumes a special value for agriculture. Nano-based solutions for water purification, soil improvement, and crop protection can benefit the agricultural sector. Government initiatives and international collaborations are required to encourage the use of nanotechnology in agriculture.

Agricultural Nanotechnology Market Report Scope:

Attribute

Details

Market Size 2024

USD 391.4 Billion 

Projected Market Size 2034

USD 1186.1 Billion

CAGR Growth Rate

12.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Nano-Pesticides, Nano-Herbicides, and Nanomaterials.

By Application - Crop Production and Protection, Soil Improvement, and Water Purification.

By End-User - Farmers, R&D Institutes, Government Organizations.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Application, End-User, and Region.

Segmentation:

By Type:

  • Nano-Pesticides
  • Nano-Herbicides
  • Nanomaterials
  • Nano-Fertilizers
  • Nano-Biosensors

By Application:

  • Crop Production and Protection
  • Soil Improvement
  • Water Purification
  • Plant Breeding
  • Diagnostic

By End-User:

  • Farmers
  • R&D Institutes
  • Government Organizations

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Agricultural Nanotechnology Market Key Players

The key players operating in the Agricultural Nanotechnology Market include ThalesNano, Nanomarterials Technology, Nanosys, Chasm, Hyperion Catalysis International, Inc., Kleindiek Inc., Nano Solutions, Nanoshell llc, ASML Holding, Bruker Corporation, Chemat Technology Inc., eSpin Technologies Inc., Nanoco Group PLC, Nanonics Imaging Ltd., NanoScale Corporation, Oxford Instruments, and Zyvex Labs.

Agricultural Nanotechnology Market Players

Agricultural Nanotechnology Market Key Issues Addressed

  • In May 2024, Iffco received approval to launch two more nano-tech fertilizers. Iffco, the fertilizer company that recently introduced nano-liquid urea and nano-liquid DAP, announced that the central government has approved the launch of two more products: nano-liquid zinc and nano-liquid copper. These two items would help mitigate zinc and copper deficits in crops while increasing productivity. IFFCO's Nanotechnology-based technologies are impacting the agricultural industry. We are pleased to announce that IFFCO's innovations, IFFCO Nano Zinc (Liquid) and IFFCO Nano Copper (Liquid), have been notified by the Government of India, AgriGoI, for three years." FCO (Fertiliser Control Order) permission has been given for both goods.
  • In January 2024, Zuari Farmhub launched nano fertilizers, including nano urea and nano nano DAP. Zuari Farmhub Ltd, a renowned agricultural solutions provider, has launched Nano Shakti Nano Urea and Nano Shakti Nano DAP. The Government of India has approved ZFHL to manufacture nano fertilizers such as Nano Urea and Nano DAP. These nano fertilizers are intended to increase agricultural yields and improve soil health. Paradeep Phosphates will exclusively commercialize these Nano fertilizers under Jai Kisaan Navratna Nano Shakti. This action will ensure that this technology is widely accessible to farmers nationwide.

Agricultural Nanotechnology Market Company Profile

  • ThalesNano*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nanomarterials Technology
  • Nanosys
  • Chasm
  • Hyperion Catalysis International, Inc.
  • Kleindiek Inc
  • Nano solutions
  • Nanoshell llc
  • ASML Holding
  • Bruker Corporation
  • Chemat Technology Inc.
  • eSpin Technologies Inc.
  • Nanoco Group PLC
  • Nanonics Imaging Ltd.
  • NanoScale Corporation
  • Oxford Instruments
  • Zyvex Labs

“*” marked represents similar segmentation in other categories in the respective section.

FAQs

Agricultural Nanotechnology Market Size was valued at USD 391.4 Billion in 2024 and is expected to reach USD 1186.1 Billion by 2034 growing at a CAGR of 12.9%.

The Agricultural Nanotechnology Market is segmented into Type, Application, End-User, and Region.

Factors driving the market include the growing global population and food security and the long-term need for sustainable agriculture.

The Agricultural Nanotechnology Market's restraints include developing and producing nanomaterials and nanotechnology-based products are expensive.

The Agricultural Nanotechnology Market is segmented by region North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.

The key players operating in the Agricultural Nanotechnology Market include ThalesNano, Nanomarterials Technology, Nanosys, Chasm, Hyperion Catalysis International, Inc., Kleindiek Inc., Nano Solutions, Nanoshell llc, ASML Holding, Bruker Corporation, Chemat Technology Inc., eSpin Technologies Inc., Nanoco Group PLC, Nanonics Imaging Ltd., NanoScale Corporation, Oxford Instruments, and Zyvex Labs.