Fertigation And Chemigation Market – Industry Analysis Market Dynamics, segmented by Input Type, By Irrigation Type, Region and Forecast (2023-2029)

Fertigation And Chemigation Market size was valued at US$ 42.25 Bn. in 2022, and the total revenue is expected to grow by 6.5% from 2023 to 2029, reaching nearly US$ 70.33 Bn.
Fertigation And Chemigation Market Overview:
Fertigation and chemigation refer to the slow application of nutrients and water to the soil via surface drip, subsurface drip, bubbler, and micro-sprinkler systems. Fertigation and chemigation have several advantages like minimal water waste, low labor requirements, and the ability to provide drought protection, which is expected to drive market growth.

The market have been experiencing significant growth in response to global water scarcity and the significant progress and initiatives made by emerging economies through water replenishment and programs. Government initiatives to maximize the use of water resources in agriculture, as well as additional support for adopting the fertigation and chemigation in the form of subsidies are expected to put the market on a strong growth trajectory in the forecasted years. Additionally, growth in population and increased demand for higher-quality crops are expected to boost the  market's growth during the forecast period.To know about the Research Methodology:-Request Free Sample Report
Fertigation And Chemigation Market Dynamics:
• The global market is gaining traction as a result of the growing popularity of irrigation techniques as a result of the constant quest for high crop productivity accompanied by water scarcity spread across continents as the global population grows.

• Furthermore, strong progress in new and emerging markets will create more lucrative and remunerative growth opportunities for the market. Furthermore, government policies promoting the most efficient use of water resources in agriculture, as well as additional subsidies to encourage the adoption of the markets, will propel new growth opportunities in the forecasted period.

• Fertigation and chemigation offer several advantages, such as minimum wastage of water and minimal labor requirement. This provides the ability to guard against drought conditions.

• Fertigation is practiced extensively in commercial agriculture and horticulture. Fertigation is also increasingly being used for landscaping as dispenser units become more reliable and easier to use. Fertigation is used to add additional nutrients or to correct nutrient deficiencies detected in plant tissue analysis. It is usually practiced on high-value crops such as vegetables, turf, fruit trees, and ornamentals.

• However, high initial investments and the lack of awareness about Fertigation and chemigation will slow the market's growth rate. Improving efficiency and critical nutrient application doses will also pose significant challenges to market growth. The negative impact of COVID-19 on the supply chain will act as a major market restraint, slowing the rate of growth in the market.
Fertigation And Chemigation Market Segment Analysis:
The Market are segmented by Input Type, Application, and By Irrigation Type.

Fertigation And Chemigation Market - By Input Type, the market is segmented into fertilizers, Insecticides, Fungicides, Herbicides, and Others.

The fertilizer market is expected to grow at the fastest rate. The fertilizers are also the most commonly used inputs in irrigation systems, which are expected to grow faster than pesticides because of the high demand for crop inputs for nutrition.

Fertigation And Chemigation Market - By Application, the market is segmented into Agriculture Irrigation, Landscape Irrigation, Greenhouse Irrigation, and Others.

Agriculture irrigation is estimated to hold the largest market share during the forecasted period (2023-2029). Agriculture irrigation is the practice of applying water to land or soil for a variety of purposes like agricultural crop growth, landscape maintenance, and dryland revitalization. The use of the fertigation and chemigation as an application for agriculture irrigation produces favorable results in terms of equal nutrient and water distribution to crops, resulting in optimal nutrient and water absorption. The changing climate and growing economies have accelerated agricultural irrigation in Asian countries. During the forecasted period, such factors will benefit the market segment.

Based on irrigation type, the fertigation and chemigation market is segmented into sprinkler irrigation, drip irrigation, and others. During the forecast period, the drip irrigation segment is expected to grow at a 6.7% rate of CAGR during the forecast period. Sub­surface drip irrigation systems which are commonly used in developing countries are boosting fodder maize production, which allows farmers to specialize in cattle while still ensuring that there is enough food for the animals of the appropriate nutritional quality. An irrigation systems helps to save significant financial savings and increased revenue. Despite the drip fertigation is widely used in fruit & vegetable plant production in China, the practical, efficient, and cost-effective drip fertigation system for maize production is lacking. However, Fertigation in maize has been found to increase maize yield, water and nutrient use efficiency, and economic benefit synchronously in sandy soil, alongside irrigation practices are expected to increase in demand for fertigation products during the forecasted period (2023-2029).

Fertigation And Chemigation Market Regional Insights:

Regionally the Fertigation and Chemigation Market is segmented into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Europe - Europe leads the fertigation and chemigation market in terms of revenue as of 2022. The market is being driven by the region's growing population and their desire for higher-quality crops. Because a lot of research is being done in these countries, there is a lot of awareness about the benefits of using these techniques in European countries like the United Kingdom, France, Spain, and Germany. The Toro Company, Rivulis Irrigation, Valmont Industries Inc., and Lindsay Corporation are all active in the region, expanding and launching new products to increase their market share.

Asia Pacific fertigation & chemigation market is estimated to grow at a 7.66% rate of CAGR during the forecasted period (2023-2029). In the Asia Pacific region, Fertigation & chemigation is practiced mainly to increase the water use efficiency in agriculture, and it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in the majority of the countries such as China and India. For Instance, Irrigated land accounts for nearly 48.8 percent of India's agricultural land. The Department of Agriculture, Cooperation, and Farmers' Welfare implemented the Pradhan Mantri Krishi Sinchayee Yojana's Per Drop More Crop Component (PMKSY-PDMC). The PMKSY-PDMC focuses on increasing farm water use efficiency through Micro Irrigation, specifically Drip and Sprinkler Irrigation Systems. As a result, as farmers rely more on irrigation techniques, the potential for growth of these fertigation and chemigation products is enormous.

The report's goal is to provide industry stakeholders with a comprehensive analysis of the Fertigation And Chemigation market. The report analyses complicated data in simple language and presents the past and current state of the industry, as well as forecasted market size and trends. The report examines all aspects of the industry, including a detailed examination of key players such as market leaders, followers, and new entrants.

The report includes a PORTER and PESTEL analysis, as well as the potential impact of market microeconomic factors. External and internal factors that are expected to positively or negatively affect the business have been analysed, providing a clear future view of the industry.

The report also assists in understanding the Fertigation and Chemigation market dynamics, structure, and size projections by analysing market segments. A clear representation of competitive analysis of key players in the Fertigation And Chemigation market by product, price, financial position, product portfolio, growth strategies, and regional presence makes the report an investor's guide.
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Global Fertigation And Chemigation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 42.25 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 70.33 Bn.


 Segments Covered:
by Input Type
• Fertilizers
• Insecticides
• Fungicides
• Herbicides
• Others


by Application
• Agriculture Irrigation
• Landscape Irrigation
• Greenhouse Irrigation
• Others


by Irrigation Type
• Sprinkler Irrigation
• Drip Irrigation
• Others



Fertigation And Chemigation Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Fertigation And Chemigation Market Key Players
• Valmont Industries, Inc. (USA)
• Jain Irrigation Systems Limited (India)
• Rivulis Irrigation (Israel)
• Rain Bird Corporation (USA)
• Nelson Irrigation Corporation (USA)
• The Toro Company (USA)
• Lindsay Corporation (USA)
• Netafim (Israel)
• T-L Irrigation Co. (USA)
• EPC Industrie Limited (India)

Frequently Asked Questions:

1. What is the forecast period considered for the Fertigation and Chemigation market report?
Ans. The forecast period for the Fertigation and Chemigation market is 2023-2029.

2. Which key factors are hindering the growth of the Fertigation and Chemigation market?
Ans. High initial investments and a lack of awareness about Fertigation and chemigation will derail the fertigation and chemigation market's growth rate.

3. What is the compound annual growth rate (CAGR) of the Fertigation and Chemigation market for the forecast period?
Ans. The Fertigation and Chemigation Market is estimated to grow at a CAGR of 6.5% during the forecasted period.

4. What are the key factors driving the growth of the Fertigation and Chemigation market?
Ans. The global market is gaining traction as a result of the increasing popularity of irrigation techniques due to the constant pursuit of high crop productivity accompanied by water scarcity spread across continents amid the ever-increasing global population.