Global Fertigation and Chemigation Market, By Crop Type (Field crops, Plantation Crops, Orchard Crops, Forage and Turf Grasses), Agricultural Input (Fertilizers, Insecticides, Fungicides, Herbicides, Others), Application (Agriculture Irrigation, Landscape Irrigation, Greenhouse Irrigation, Others), Irrigation System (Drip, Sprinkler), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Fertigation and Chemigation Market
Data Bridge Market Research analyses that the fertigation and chemigation market will project a compound annual growth rate (CAGR) of 6.50% during the forecast period of 2022-2029 and is likely to reach the USD 47.41 billion by 2029.
The slow application of nutrients and water on or below the soil through surface drip, bubbler, subsurface drip, and micro-sprinkler systems is known as fertigation and chemigation. Fertigation and chemigation markets provide various benefits, including little water waste, minimal labor requirements, and hence the capacity to protect against drought circumstances, all of which contribute to the market's growth.
The rise of the fertigation and chemigation market is fuelled by the surging demand for quality food products. Rapid urbanization and efficiency of nutrient usage will accelerate the market’s growth. With increasing water scarcity around the world and tremendous developments and initiatives done by emerging economies through water replenishment and programmes, the fertigation and chemigation market is flourishing. Furthermore, the enhanced plant growth, yield and quality of crops will bolster the growth rate of fertigation and chemigation market. Another significant factor includes the growing water scarcity will further cushion the market’s growth rate. Other factors such as increasing population and upsurge in the demand for better quality crops will positively impact the growth rate of fertigation and chemigation market.
Moreover, strong progress in new and emerging markets will further create lucrative and remunerative growth opportunities for the fertigation and chemigation market. Additionally, government measures for the most efficient use of water resources in agriculture, as well as further assistance for the adoption of the fertigation and chemigation market in the form of subsidies, will further propel the new growth opportunities in the future year.
However, high initial investments and a lack of awareness about fertigation and chemigation will derail the fertigation and chemigation market’s growth rate. Also, enhancing efficiency and critical nutrient application doses will pose major challenges to the growth of the market. Negative impact of COVID-19 on supply chain will act as major market restrain and further hinder the growth rate of fertigation and chemigation market.
This fertigation and chemigation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fertigation and chemigation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fertigation and Chemigation Market Scope and Market Size
The fertigation and chemigation market is segmented on the basis of crop type, agricultural input, application and irrigation system. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of crop type, the fertigation and chemigation market is segmented into field crops, plantation crops, orchard crops and forage and turf grasses.
- On the basis of agricultural input, the fertigation and chemigation market is segmented into fertilizers, insecticides, fungicides, herbicides and others. Others segment is further sub-segmented into acaricides, nematicides, and micronutrients.
- On the basis of application, the fertigation and chemigation market is segmented into agriculture irrigation, landscape irrigation, greenhouse irrigation and others. Others include soilless culture.
- On the basis of irrigation system, the fertigation and chemigation market is segmented into drip and sprinkler.
Fertigation and Chemigation Market Country Level Analysis
The global fertigation and chemigation market is analyses and market size, volume information is provided by country, crop type, agricultural input, application and irrigation system as referenced above.
The countries covered in the fertigation and chemigation market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the fertigation and chemigation market and will continue to flourish its trend of dominance during the forecast period owing to the growing population and rising demand for better quality of crops in this region. Asia-Pacific is expected to score the highest CAGR because of the increasing demand in various products and rising urbanization in this region.
The country section of the fertigation and chemigation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fertigation and Chemigation Market Share Analysis
The fertigation and chemigation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fertigation and chemigation market.
Some of the major players operating in the fertigation and chemigation market are Valmont Industries, Inc., Jain Irrigation Systems Ltd., Rivulis, Rain Bird Corporation, Nelson Irrigation, The Toro Company, Lindsay Corporation, NETAFIM, T-L Irrigation, and Samriddhi by Mahindra, among others.
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