According to ChemAnalyst report, “India Nano Urea Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Regional Demand, Sales Channel, FY2015-FY2032” The India Nano Urea Market is likely to reach around 150 million liters by FY2032, at an impressive CAGR of 29.34% during the forecasted period. India being one of the leading agricultural country coupled with higher consumption of conventional urea across the country, nano urea being a revolutionary and cheaper product compared to conventional urea bags. The Switch from conventional urea to nano urea due to its high nitrogen content and cheaper price is likely to drive the demand of nano urea. Further, the use of nano urea in different food crops such as Food Crops, Cash Crops, Horticulture Crops are anticipated to enhance the India Nano Urea Market in the upcoming years. ​
Nano urea is the advanced version of urea which contains urea particles in the range of 20 and 50 nm, which results in higher surface area. Its surface area is roughly 10,000 times over 1 mm urea capsule. Due to small particle size, the nitrogen atoms penetrate better and fulfil the nutritional requirements of the plant. In a plant all organic molecules such as photosynthetic pigments, enzymes, and energy transfer agents are primarily composed of nitrogen. Furthermore, 500 ml of nano urea can replace at least 45 kg bag of urea. Nano Urea is sprayed onto leaves, where it is easily absorbed by plant cells after passing via stomata and other openings. From the source to the sink, it is simply transferred through the phloem, in the plant. Nano Urea is employed to increase crop yield and improve the soil quality.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-nano-urea-market-735

Since in India, agriculture is a primary industry, it is vital to take modern approach to produce high-quality crops. With the increasing urbanization in India, the cultivation land is decreasing but the demand for crops is rising, which is anticipated to create a huge market for fertilizers (such as nano urea) in the forecast period till FY2032. Due to its ability to replace conventional urea while offering lower input costs, higher crop yields, and better prices due to higher-quality crops, demand for nano urea is rapidly increasing in India. The preparation method of nano-urea involves clean technology and is a step towards sustainable agriculture.

Currently, there is only one producer of nano urea in India, IFFCO, with its plant situated at Kalol, Gujarat. Furthermore, to fulfil the rising need of nano urea on domestic scale, National Fertilizers Limited (NFL) and Rashtriya Chemicals and Fertilisers (RCF) Limited are coming up with new nano urea manufacturing plants in India. Recently, IFFCO signed a MoU with NFL and RCF under which IFFCO will shares its technology of nano urea to both these organization. These new plants are anticipated to fulfil the nano urea on a domestic level. NFL plant is expected to be commissioned by FY2025 with an annual capacity of 27 million liters with location at Nangal, Punjab. Moreover, RCF plant is also expected to be commissioned by FY2025 with an annual capacity of 27 million liters with location at Trombay, Maharashtra.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-nano-urea-market-735

The India Nano Urea Market is segmented based on end-use and sales channel. Based on end-use industry, the India Nano Urea market is segmented into Food Crops, Cash Crops, Horticulture Crops, and others. Food Crops are leading the market and held a share of roughly 50% in FY2022.

“India Nano Urea Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Regional Demand, Sales Channel, FY2015-FY2032”, Currently, India Farmers Fertiliser Cooperative Limited (IFFCO) is the only producer of Nano Urea in India.

“The demand of Nano Urea as a sustainable alternative to conventional urea for agriculture purpose is likely to boost the India Nano Urea market. Nano Urea is prepared using sustainable technology. Owing to growing population of India, coupled with rising demand for agricultural products across the country, the use of nano urea for cultivation is likely to boost the demand in coming years. As of FY2022, India Farmers Fertiliser Cooperative Limited (IFFCO) is the only producer of Nano Urea. Additionally, IFFCO is developing greenfield and brownfield expansion plans across the nation that will elevate IFFCO to the position of being India's top producer of nano urea by FY2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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