Nano Urea Market Size, Share, Growth | Global Industry Analysis Report and Forecast 2035

NEW YORK - Feb. 28, 2022 - PRLog -- According to ChemAnalyst report, "Nano Urea Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2035", The Nano Urea market is expected to witness considerable growth by reaching 360 million litres in 2035, at a healthy CAGR of 16% during the forecast period. Surging demand for Nano Urea from agriculture sector is likely to boost the Nano Urea market in the upcoming years. Nano Urea stands as a promising, sustainable, and eco-friendly solution to conventional bulk nitrogenous fertilizers such as Urea, which will further drive its market over the next few years.

Urea (CO(NH2)2), also referred to as carbamide, is an organic compound with a worldwide production capacity of approximately 180 million litres. Urea is widely utilized in fertilizers as a source of nitrogen and is an essential feedstock for chemical and other downstream industries. Nano Urea is the world's first nanotechnology-based Urea that has the potential to revolutionize the agriculture sector across the world. It is an innovative and extraordinary solution to reduce environmental pollution and enhance soil productivity. Nano Urea was developed by Indian Farmers Fertiliser Cooperative (IFFCO) at Nano Biotechnology Research Centre (NBRC) at Kalol, Gujarat, through proprietary patented technology.

Nano Urea is the first of its kind that minimizes the excessive use of conventional Urea. The Foliar application of Nano Urea significantly satisfies the Nitrogen requirement of a plant and leads to higher crop yield and quality in comparison to conventional Urea. The rapidly increasing demand for Nano Urea around the world, owing to its 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, is expected to boost its market in the upcoming years. Nano Urea is forecasted to replace 13.7 million litres of conventional urea usage in the next few years as IFFCO has also started the trials of nano version of DAP fertilizers.

Read Full Report Here: https://www.chemanalyst.com/industry-report/nano-urea-market-674

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.