Modern agricultural practices have triggered the process of agricultural pollution. This process can cause the degradation of eco-systems, land, and environment owing to the modern-day by-products of agriculture. The substantial use of chemical fertilizers, pesticides, and, contaminated water for irrigation cause further damage to agriculture. The current scenario of the agriculture and food sector has therefore become unsustainable. Nanotechnology has provided innovative and resourceful frontiers to the agriculture sector by contributing practical applications in conventional agricultural ways and practices. There is a large possibility that agri-nanotechnology can have a significant impact on the sustainable agriculture and crop growth. Recent research has shown the potential of nanotechnology in improving the agriculture sector by enhancing the efficiency of agricultural inputs and providing solutions to agricultural problems for improving food productivity and security. The prospective use of nanoscale agrochemicals such as nanofertilizers, nanopesticides, nanosensors, and nanoformulations in agriculture has transformed traditional agro-practices, making them more sustainable and efficient. However, the application of these nano-products in real field situations raises concern about nanomaterial safety, exposure levels, and toxicological repercussions to the environment and human health. The present review gives an insight into recent advancements in nanotechnology-based agrochemicals that have revolutionized the agriculture sector. Further, the implementation barriers related to the nanomaterial use in agriculture, their commercialization potential, and the need for policy regulations to assess possible nano-agricultural risks are also discussed.