Nano Urea Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2021-2035 Segmented By End Use (Food Crops, Cash Crops, Horticulture Crops, Plantation Crops & Others), By Sales Channel (Direct Sales & Indirect Sales), By Region

The global nano urea market is anticipated to project robust growth in the forecast period, 2022-2035, with an impressive CAGR value of 32.11% on account of increasing demand for food crops. The rapidly increasing global population and the necessity to fulfill food requirements are further driving the growth of the global nano urea market in the forecast period.

Technical advancement in any sector is indispensable with time. Many industries have faced an evolutionary transformation that has effectively aided in bringing a revolutionary change in people's lives, and the fertilizer industry is no exception. Recently, to uplift the detrimental effects of Nitrogenous based fertilizer, prevalent technology used in the fertilizer industry has been upgraded for the enrichment of crop productivity and enhancement in the quality of various types of crops like food crops, cash crops, horticulture crops, and Plantation crops.

Nano-urea is the result of combining nanotechnology with agriculture to improve the capabilities of nitrogen-based fertilizer. Nanoparticles are mostly used to make fertilizer more easily and efficiently absorbable by plants. Nano urea fertilizers are intended to increase agricultural yields, enhance plant absorbency, and offer more nutrients to plants, making them a preferred alternative among consumers worldwide.

Demand for nanotechnology-based fertilizer is on the rise

Overall economic growth of a country hugely depends on the growth of every industry within the country. It will be unjust to claim that a particular industry/ sector is solely responsible for the entire growth of the economy. The agriculture sector, if not the major contributor to the economy, is surely the backbone of any country because it is supremely important to have all the people non-deprived of food. So, to achieve desirable production and optimal quality of crops, it becomes necessary to have the smoothest and most efficient functioning of the entire value chain. However, there are several factors that undesirably exist in nature and cause damage to the plants and hamper their growth. This adversity could be due to the pollutants in the environment, excessive utilization of the Nitrogenous based fertilizers, or sometimes using the organic-based fertilizer, which tends to spoil the production by not delivering the essential nutrients effectively.

Toxins in the soil, water, and air reduce crop output, impede plant growth, and accumulate in fruits and vegetable crops. As a result, demand for efficient and reliable fertilizers is surging, leading the worldwide nano urea market over the forecast period. In the forecast years, until 2035, demand for Nano urea-based fertilizers will boost the expansion of the Global Nano Urea Market.

Distinguishing feature of Nano Urea aids in Market Growth

Nano urea has numerous characteristics that aid in continuous plant growth; thus, its use in the field will progressively increase, supporting the global nano urea market's growth over the forecast period. The nutrient consumption efficiency of traditional fertilizer for sodium (N), phosphorus (P), and potassium (K) is barely more than 30% -35 percent, 18% -20 percent, and 35-40 percent, respectively. For about 30 days, nanoparticles slowly and steadily deliver the nutrition consistently. This approach accelerates nutrient absorption efficiency while causing no adverse side effects. Because the absorption process is slowed, there is less likelihood of nutrient loss, which helps maintain the environment clean. The development of nanotechnology-based slow/controlled-release fertilizer and conditional release insecticides and herbicides has become vital for fostering the development of environmentally friendly and sustainable agriculture. Indeed, nanotechnology has made it possible to use nanoscale or nanostructured materials as fertilizers carriers or controlled-release drivers for developing "smart fertilizer" as new facilities to improve nutrient usage efficiencies and reduce environmental protection costs.

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Market Segmentation

The global nano urea market is segmented based on end use, sales channel, region, and competitional landscape. On the basis of end use, the market is further segmented into food crops, cash crops, horticulture crops, plantation crops, and others. Based on sales channel, the market is segmented into Direct Sales and Indirect Sales. On the basis of regional analysis the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Indian Farmers Fertilizer Cooperative Limited, Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited, CF Industries Holdings Inc., Nutrien Limited, Yara International ASA are among the major market players in the global nano urea market.

Report Scope:

In this report, global nano urea market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Nano Urea Market, By End Use:
• Food Crops
• Cash Crops
• Horticulture Crops
• Plantation Crops
• Others
• Nano Urea Market, By Sales Channel:
• Direct Sales
• Indirect Sales
• Nano Urea Market, By Region:
• Asia-Pacific
• India
• China
• Australia
• Pakistan
• Japan
• South Korea
• Sri Lanka
• Europe
• Sweden
• Italy
• United Kingdom
• Spain
• Belgium
• Austria
• Germany
• France
• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Africa
• Saudi Arabia
• Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global nano urea market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).