PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490062
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490062
The nanopesticides market is estimated to be valued at USD 0.76 Bn in 2024 and is expected to reach USD 1.79 Bn by 2031, growing at a compound annual growth rate (CAGR) of 13% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 0.76 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 13.00% | 2031 Value Projection: | US$ 1.79 Bn |
Nanopesticides are formulated by incorporating nanotechnology in conventional pesticides to enhance their efficacy and potency. Reducing the particle size of active ingredients in pesticides to the nano range increases their surface area, allowing for more effective pest control. Nanopesticides help lower application rates and reduce toxicity to non-target organisms. They enable precise and controlled delivery of pesticides only in required areas of infestation or infection. With rising concerns about residue management and environmental safety, nanopesticides are emerging as a sustainable solution in modern agriculture.
Market Dynamics:
The nanopesticides market is driven by the need to improve agricultural productivity while minimizing environmental pollution. Growing preference for nano-enabled formulations that can boost crop yields with less pesticide usage is fueling demand. Stringent regulations restricting toxic agrochemicals and the development of targeted nano carriers for pesticides also support adoption. However, high R&D costs involved in developing new nanopesticide products and uncertainty over their long term impact are hindering broader commercialization. Ongoing nano-sizing of biopesticides using biodegradable polymers presents an opportunity to address such concerns. The widespread popularization of precision farming techniques relying on nanopesticides can further promote the market growth.
Key Features of the Study