The global Nano Urea market stood at approximately 40.5 million liters in the year 2023 and is anticipated to grow at a CAGR of 17.5% during the forecast period until 2035.
Nano Urea, the inaugural liquid fertilizer of its kind, mitigates the overuse of traditional Urea. Nano Urea (liquid) serves as a nitrogen source—an essential nutrient for optimal plant growth. Nitrogen plays a pivotal role as the primary component in amino acids, photosynthetic pigments, enzymes, and energy transfer compounds within a plant. Typically ranging from 1.5 to 4% in a healthy plant, nitrogen content is crucial. Through foliar feeding, Nano Urea effectively meets the nitrogen requirements during critical crop growth stages, resulting in superior crop yield and quality compared to conventional Urea.
The global demand for Nano Urea is experiencing substantial growth, driven by its potential to substitute conventional Urea. This substitution results in reduced input costs, increased crop yield, and improved crop quality. Nano Urea is expected to displace conventional urea usage in the coming years, with IFFCO initiating trials for the nano version of DAP fertilizers. Additionally, Nano Urea offers various advantages, notably impacting relative logistics and warehousing costs. Farmers find it convenient to transport Nano Urea in bottles, as opposed to the bulkier Urea bags. As a promising and sustainable alternative, Nano Urea represents a shift from traditional bulk Nitrogenous fertilizers like Urea. Owing to these reasons, the global Nano Urea market is likely to reach approximately 360 million liters in 2035.
The Asia-Pacific region exhibits robust demand for Nano Urea, primarily driven by the pivotal role of agriculture in the economies of many countries. With a strong emphasis on enhancing crop productivity, farmers in densely populated areas are drawn to Nano Urea due to its reported advantages of reducing input costs and improving yields. The smaller, more manageable physical size of Nano Urea bottles is particularly beneficial in regions with limited resources and high population density. Moreover, the increasing focus on sustainable agriculture aligns with Nano Urea's eco-friendly profile, positioning it as an attractive alternative to conventional urea. As the population continues to grow, there is a pressing need for efficient and environmentally conscious farming practices in the Asia-Pacific, making Nano Urea a sought-after solution for farmers aiming to balance productivity and sustainability in their agricultural endeavors. Currently, Indian Farmers Fertilizer Cooperative Limited (IFFCO) the only producer of Nano Urea on the global scale.
Based on the end-user industry, the global Nano Urea market is segmented into Food Crops, Cash Crops, Plantation Crops, Horticulture Crops, and Others. Among these, Food Crops is the major segment and held about 50% of the global Nano Urea market in the year 2023 and is anticipated to prevail the similar trend in the forecast period as well.
Major players in the Global Nano Urea market are Indian Farmers Fertilizer Cooperative Limited (IFFCO), National Fertilizers Limited, Rashtriya Chemical & Fertilizers Limited, Hindustan Insecticides Limited (HIL) & Fertilizers and Chemical Travancore (FACT), Organization of Brazilian Cooperatives, and Cooperative Federation Of Argentina & INAES.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2035
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Objective of the Study:
• To assess the demand-supply scenario of Nano Urea which covers production, demand and supply of Nano Urea market in the globe.
• To analyse and forecast the market size of Nano Urea
• To classify and forecast Global Nano Urea market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Nano Urea market in the globe.
To extract data for Global Nano Urea market, primary research surveys were conducted with Nano Urea manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Nano Urea market over the coming years.
ChemAnalyst calculated Nano Urea demand across the globe by analyzing the volume of Nano Urea consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Nano Urea manufacturers and other stakeholders
• Organizations, forums and alliances related to Nano Urea distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Nano Urea manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Nano Urea market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
40.5 million liters
Market size Volume in 2035
360 million liters
Growth Rate
CAGR of 17.5% from 2024 to 2035
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2035
Quantitative units
Demand in million liters and CAGR from 2024 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share.
Segments covered
By End-Use: (Food Crops, Cash Crops, Plantation Crops, Horticulture Crops, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Nano Urea in terms of volume in 2023?
Ans:
The global market size of Nano Urea has reached approximately 40.5 million liters in 2023.
Q2.
Which industry is the leading consumer of Nano Urea?
Ans:
Food Crops are the leading consumers of Nano Urea globally.
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