Fertigation And Chemigation Market

Fertigation and Chemigation Market Size & Growth (2022 - 2027):

Fertigation and Chemigation Market was worth USD 45.37 billion in 2021 and estimated to be growing at a CAGR of 6.35%, to reach USD 61.84 billion by 2026.

The Fertigation & Chemigation market is showing huge potential in the mentioned forecast period. The market has continued to gain momentum with the high demand in most of the regions over the globe and also due to the intensive market opportunities. Many companies in the agricultural industry have started taking interest in the fertigation and chemigation market lately and the trend is expected to follow. Fertigation and Chemigation market has gained popularity due to the rising water scarcity, high crop productivity, and less labor-intensive. It actually involves various kinds of irrigation techniques like drip irrigation and sprinkler irrigation. Fertigation and Chemigation techniques are generally used to improve crop yield and have a better quality of the crop.

Market Drivers:

The ever-rising population and their demand for better quantity and quality of crops have led the market to show significant growth recently. Other key factors responsible in driving the market include high efficiency of nutrient utilization, minimal nutrient leaching losses, better growth, yield & quality of crops. Apart from these the market also faces some restraints as well. Some of the major ones include critical nutrient application doses and high initial investments. The market also faces the challenge of improving its efficiency. These few factors have hindered the growth of the market over the years.

FERTIGATION AND CHEMIGATION MARKET REPORT COVERAGE:

Market Segmentation:

Fertigation and Chemigation Market – By Agri Input:

• Fertilizers

• Insecticides

• Fungicides

• Herbicides

• Others.

Fertigation and Chemigation Market – By Crop type:

• Field Crops

• Plantation Crop

• Orchard Crops

• Forage & Turf Grasses

Fertigation and Chemigation Market – By Application:

• Agricultural Irrigation

• Landscape Irrigation

• Greenhouse Irrigation

Fertigation and Chemigation Market – By Irrigation system:            

• Sprinkler

• Drip irrigation

Fertigation and Chemigation Market – By Region:

• North America

• Europe,

• Asia-Pacific

• Latin America

• Middle East and Africa

The Fertigation & Chemigation market was dominated by Europe, with an overall market share of over 36% globally. Europe was followed by North America and Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Major Key Players:

Some of the major companies dominating the market, by their products and services include The Toro Company, Jain Irrigation Systems Ltd., Lindsay Corporation, Valmont Industries Inc., Rain Bird Corporation, EPC Industrie Limited, Netafim, Nelson Irrigation Corporation, Rivulis Irrigation, T-L Irrigation Co.