Nanotechnology applications in global agribusiness are considered the new industrial revolution, and both developed and developing countries are investing in this technology to secure a sizeable market share. For instance, the US leads the world with an investment of $3.7 billion through its National Nanotechnology Initiative (NNI). The US is followed by Japan and the European Union (EU), which have both committed substantial funds with $750 million and $1.2 billion per year respectively.