[Online Quarterly Update] Nano Urea Market is anticipated to witness significant growth by reaching 360 million litre in 2035, at a healthy CAGR of 16% during the forecast period. Urea with the molecular formula CO(NH2)2 is a nitrogenous compound with a worldwide production capacity of approximately 180 million tonnes. Urea contains a carbonyl group attached to two amine groups and is neither acidic nor alkaline. It is extensively utilized in fertilizers as a source of nitrogen and is an essential feedstock for chemical and other downstream industries. The world’s first nanotechnology-based Nano Urea is a development that has the potential to revolutionize the agriculture sector across the world and was first introduced by Indian Farmers Fertiliser Cooperative (IFFCO), which is an innovative and extraordinary solution to reduce environmental pollution and improve soil health.
Nano Urea is a liquid fertilizer, the first of its kind that minimizes the excessive use of conventional Urea. It was indigenously developed at Nano Biotechnology Research Centre (NBRC) at Kalol, Gujarat, through proprietary patented technology. Nano Urea (liquid) is a source of nitrogen, which is a major nutrient essential for the proper growth and development of the plant. Nitrogen is the main constituent of amino acids, photosynthetic pigments, enzymes, and energy transfer compounds in a plant. Nitrogen content in a healthy plant usually varies in the range of 1.5 to 4%. Foliar feeding of Nano Urea effectively fulfills its Nitrogen requirement at critical crop growth stages of a plant and leads to higher crop yield and quality as compared to conventional Urea.
Nano Urea is a liquid fertilizer, the first of its kind that minimizes the excessive use of conventional Urea. It was indigenously developed at Nano Biotechnology Research Centre (NBRC) at Kalol, Gujarat, through proprietary patented technology. Nano Urea (liquid) is a source of nitrogen, which is a major nutrient essential for the proper growth and development of the plant. Nitrogen is the main constituent of amino acids, photosynthetic pigments, enzymes, and energy transfer compounds in a plant. Nitrogen content in a healthy plant usually varies in the range of 1.5 to 4%. Foliar feeding of Nano Urea effectively fulfils its Nitrogen requirement at critical crop growth stages of a plant and leads to higher crop yield and quality as compared to conventional Urea.
The demand for Nano Urea is significantly growing around the globe as it has the capability to replace the conventional Urea while providing a reduction in input cost, higher crop yield, and better price because of the better-Quality crop. Nano Urea is anticipated to replace 13.7 million litres of conventional urea usage over the next few years as IFFCO has also started the trials of nano version of DAP fertilizers. It also has several advantages as it has a significant impact in terms of relative logistics and warehousing cost, and farmers can easily carry bottles of Nano Urea physically rather than bulky Urea bags. Nano Urea is a promising and sustainable solution to conventional bulk Nitrogenous fertilizers like Urea.
On the basis of grade, the Nano Urea market can be divided into fertilizer, feed, and technical. Among these, the fertilizer grade is expected to dominate the market in the upcoming years due to its growing demand in the agriculture sector.
The Nano Urea is 100% utilized as fertilizer for the different crops segment such ascropsmarket is divided into Food Crops, Cash Crops, Plantation Crops, Cash Crops, Horticulture Crops and , Othersagriculture, chemical, medical, and other end-uses. Due to its high need for fertilizers, the food cropagriculture sector has the highest share of the global nano Urea market and is expected to maintain its dominance during the forecast period.
In 2020, dDue to the sudden spread of COVID-19, the Nano Urea market witnessed a negative impact around the globe. Several businesses, industries, and other facilities were drastically affected around the globe due to the nationwide lockdowns imposed by the government authorities. However, amidst the looming concern, demand from the downstream agriculture sector remained stagnant during the covid times. The market growth post-pandemic observed an upward trajectory due to the increased demand from the downstream industries.
Among different regions, the Asia Pacific region is dominating the Nano Urea market and is likely to maintain its dominance until the forecast period. India, being one of the leading producers of Nano Urea, is expected to boost its manufacturing due to the rapidly increasing demand from the agriculture sector, which will further boost its market across the world in the upcoming years.
Some of the major players operating in Nano Urea market include are BASF SE, Indian Farmer Fertilizer Cooperative Limited, Yara International ASA, Hindustan Insecticide Limited, Fertilizers and Chemical Travancore Ltd., CF Industries Holdings Inc., China National Petroleum Corporation, Jiangsu sanmu group Co, Ltd., EuroChem, Koch Fertilizer LLC, Nutrien Ltd., OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Notore Chemical Industries Plc, and others.
Years considered for this report:
Historical Period: 2015-202010
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
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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 globally.
• To analyse and forecast the market size of Nano Urea.
• To classify and forecast Nano Urea market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Nano Urea market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Nano Urea market.
• To identify and analyse the profile of leading players involved in the manufacturing of Nano Urea.
To extract data for Nano Urea market, primary research surveys were conducted with Nano Urea manufacturers, suppliers, distributors, wholesalers, and end users. 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 end user segments and projected a positive outlook for Global Nano Urea market over the coming years.
ChemAnalyst calculated Nano Urea demand globally by analyzing the historical dataupcoming plant facility and demand forecast which was carried out considering imported Nano Ureathe import data and regional growth coupled with growing demand from agriculture sector , styrene prices, monomers used for production of Nano Urea. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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, 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 2035
360 million Litres
Growth Rate
CAGR of 14% from 2022 to 2035
Base year for estimation
2021
Historic Data
2015 – 2020
Forecast period
2022 – 2035
Quantitative units
Demand in Million Litres and CAGR from 2022 to 2030
1. End-Use (Food Crops, Cash Crops, Horticulture crops and Others)
2. Sales Channel (Direct Company Sale, Indirect Company Sale)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, Indian Farmer Fertilizer Cooperative Limited, Yara International ASA, Hindustan Insecticide Limited, Fertilizers and Chemical Travancore Ltd. CF Industries Holdings Inc., China National Petroleum Corporation, Jiangsu sanmu group Co, Ltd., EuroChem, Koch Fertilizer LLC, Nutrien Ltd., OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Notore Chemical Industries Plc, and othersBASF SE, Yara, BASF SE, Yara, Indian Farmer Fertilizer Cooperative Limited, Hindustan Insecticide Limited, Fertilizers and Chemical Travancore, Rastriya Chemical & Fertilizers, National Fertilizers Limited, Organization of Brazilian Cooperatives, Cooperative federation of Argentina and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
12.7.4.Argentina Nano Urea Demand-Supply Scenario, 2015-2035, By Volume
12.7.4.1.Demand
12.7.4.2.Supply
12.7.4.3.Gap
12.7.5.Argentina Nano Urea Demand Outlook, 2015-2035, By Volume
12.7.5.1.By Technology
12.7.5.2.By End-Use
12.7.5.3.By Sales Channel
12.7.5.4.By Company Share (At least top 3 companies’ market share
12.7.5.5.By Region
13.Country-wise Import
14.Country-wise Export
15.News and Deals
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The Asia Pacific region accounts for the maximum share in the Nano Urea market owing to the developments and investments in the major end-user industries.
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