Nano Fertilizer Market Boosted by Technological Advancements
The global nano fertilizer market size was estimated at USD 2,705.5 million in 2021 and is projected to reach USD 9,377.3 million by 2030, growing at a CAGR of 14.8% from 2022 to 2030. This growth can be attributed to the increasing demand for high-yield agricultural produce driven by a rapidly rising global population. According to the Food and Agriculture Organization of the United Nations (FAO), the global population is expected to reach 9.7 billion by 2050. Consequently, there is a pressing need to increase food production by nearly 70% to meet the surging demand. Nano fertilizers are poised to play a crucial role in this transformation. These fertilizers are easily absorbed by plants and deliver essential nutrients with high efficiency, outperforming conventional fertilizers and significantly boosting crop productivity. The overuse of mineral and chemical fertilizers has had detrimental effects on soil and water quality worldwide due to issues such as leaching ...