Agriculture - Overview - Market - Text

The global agricultural nanotechnology market was worth USD 120 billion in 2020 and is forecast to rise to more than USD 256 billion by 2030. This represents a compound annual growth rate (CAGR) of 16.65% from 2021-2030.1  

The largest share of the global agricultural nanotechnology market is currently in the Asia-Pacific region, followed by Europe and then North America. There are a large number of suppliers operating and new products being launched, which intensifies the market competition. Some of the leading players in the market are Nanosys Inc., ASML Holding, Zyvex Labs, Oxford Instruments plc, Nanoco Group plc, and ThalesNano Inc. Growth strategies adopted by the key players include product launches, acquisitions and collaborations, which are all contributing to the growth of the global agricultural nanotechnology market.2 

The COVID-19 pandemic resulted in an acceleration in the use of nanotechnology by the agricultural sector. This may have been due to farm owners realising that automation could help solve problems such as a shortage of labour. During the widespread disruption caused by the pandemic, agricultural companies supplying nanotechnology applications for farming reported good returns.3 

The global agricultural nanotechnology market is forecast to grow across all geographic regions. North America is predicted to continue to dominate the agricultural nanotechnology market due to an increased focus on product innovation and increased expenditure on research and development for advanced technologies. The highest compound annual growth rate (CAGR) is forecast for the Asia-Pacific region due to increasing health concerns, growing disposable income and advancement of agricultural policies.4 



Market Intellix. (2021). Agricultural nanotechnology market: Segmented by end user (electronics, energy, cosmetics, biomedical, defense, food/drink & agriculture, and automotive); by application (nanoscale carriers, nanolignocellulosic materials, clay nanotubes, biosensors, and others) and region – global analysis of market size, share & trends for 2019–2020 and forecasts to 2030. Available at:

Data Intelligence. (2022). Global Agricultural Nanotechnology Market is segmented By Type (Nano pesticides, Nano herbicides, Nanomaterials, Nano fertilizers, Nano biosensors, Others), By Application (Crop Production, Soil Improvement, Water Purification, Plant Breeding, Others), By End User (Farmers, R&D Institutes, Government Organization, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029. Available at:

Market Watch. (2022). Nanotechnology in agriculture market size in 2022 with top countries data : what is the current value for industry? | In-depth analysis with 97 report pages. Available at:

Data Bridge Market Research. (2021). Global agricultural nanotechnology market – Industry trends and forecast to 2028. Available at: