Nanotechnology in Agriculture Market : Increased Interest by Agro-chemical Companies to Bolster Market Demand

Nanotechnology in agriculture refers to the application of very small tools such as sensors, which can be utilized for the development of agriculture. Nanotechnology has ushered in a new revolution in industries and has the potential to bring about many changes in the agricultural industry. Development of brand new nanotech-based equipment and tools are expected to assist in increasing efficiency and overcome challenges faced by the agricultural industry. Nanotech-based tools substantially benefit the agricultural sector; better plant’s ability to absorb nutrients, they help in early detection of diseases, and also promote molecular treatment of diseases. Implementation of nanotechnology in the form of monitoring devices and small sensors has created positive impact on the future uses of precision farming methodologies. The world market for nanotechnology in agriculture can be divided on the basis of applications into various sub-segments, namely nanolignocellulosic materials, biosensors, nanoscale carriers, clay nanotubes, and others

Eminent market players that are operating in the world market for nanotechnology in agriculture comprise names such as ThalesNano Inc., Oxford Instruments plc, Nanosys Inc, Nanoco Group plc, ASML Holding, and Zyvex Labs. The vendor landscape of the market for nanotechnology in agriculture is moderately fragmented with the presence of quite a few companies.

In accordance with the market intelligence report, the international market for nanotechnology in agriculture has been forecasted to rise at a healthy CAGR over the period of forecast that extends from the year 2017 to the year 2025.

Which of the Regional Segments to Continue with Dominance over the Period of Forecast?

On the basis of geography, the said market for Nanotechnology in Agriculture is divided into the geographies of North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Nanotechnology in agriculture is extensively utilized in Japan, Western European nations, and the U.S. Various countries such as Thailand, South Korea, China, Brazil, South Africa, and India have substantial growth in the usage of nanotechnology. Thailand and South Africa have carried out important nanotechnology research initiatives and established nation-wide activities focused on specific needs of the nanotechnology in agriculture.
How the Market Drivers would Shape the Future of the Market?

The world market for nanotechnology in agriculture is fuelled by existing agro-chemical companies as they are making an investigation into the potential of nanotechnologies so as to achieve high efficiency and greater penetration of technology into agricultural components that are used for plants. Various nano-products are categorically used in the agricultural sector and those products have been launched in the market by technology-oriented mid-sized companies that produce soil-enhancement products that promote even distribution of water, storage, and eventually water saving.

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The nanotechnology market has substantially expanded in the agriculture sector. Research has been carried out in the commercial agro-chemical sector so as to assess the potential benefits of nanotechnology in agriculture. Recent emergence of nanotechnology applications in consumer products has also increased the number of societal and ethical concerns in some of the countries, which comprise environmental and health related safety, intellectual property rights and consumer perception.

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