Abstract

The world faces a challenge. The global population is increasing while climate change is applying stress to traditional farming. As a result food security and sustainable agriculture is facing a challenge the likes of which it has never faced before. Failure to address it could result in catastrophe. But developments in nanotechnology could be about to help ease the impending crisis. Developments could see it improve crop yields without resorting to extensive land expansion or excessive use of agrochemicals as well as enabling more efficient resource management. If it delivers, the rewards could be significant for investors and mankind alike. According to a report by Insight Analytic, the global agricultural nanotechnology market size was valued at some $321.1 billion in 2022. It is predicted to reach $868.98 billion by 2031 with a CAGR of 11.94%. The report said: “The development of the global market will be fuelled by the merger of improved agricultural techniques with nanotechnologies over the next five years. Additionally, the benefits can lower threats, including air and ground pollution, soil acidification, eutrophication, declining soil fertility and biodiversity loss. With the global population’s growth, rising demand for crops with higher yields will further support the expansion of the industry.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.