Fertigation & chemigation are processes that go hand-in-hand, and are practiced at a large scale in agriculture and horticulture. They help in reducing the time and cost of labor that otherwise is spent on applying fertilizers and chemicals to the crops. It is the slow application of water and nutrients on or below the soil with the help of different irrigation systems. It is fast gaining attention since it helps in protecting against drought-like situations and is also cost-effective. This process is most beneficial in places where labor is scarce or expensive and where there is a need for irrigation, keeping in mind the optimum use of water. Moreover, it also improves the yield and quality of food, which another factor responsible for the growth of the overall fertigation & chemigation market, owing to increase in demand for high-quality food. The growing market for fertigation & chemigation is also expected to offer an array of growth opportunities in the near future.
Driving Factors & Restraints for the Market
The growth of the worldwide market for fertigation & chemigation is being primarily influenced by the following factors:
- Increasing population which has resulted in increased demand for food
- Increasing water scarcity
- Rise in crop production and improved crop growth, yield, and quality of crops
- Proper and efficient utilization of nutrients
Moreover, rising awareness regarding the benefits of fertigation & chemigation among farmers has also triggered the growth of this market. Apart from this, government initiatives for effective use of water resources and increasing encouragement for adopting fertigation & chemigation are likely to further boost the market growth.
Although the market may face some challenges like need for more efficiency, higher costs during initial investments, and critical nutrient application doses, it is fast gaining significance, globally.
Know the Market
The fertigation & chemigation market, in terms of value, is projected to reach around USD 42.2 Billion by 2020, at a CAGR of around 6.3% from 2015. In 2014, Europe dominated the market with around 32% of the total market share. However, Asia-Pacific is estimated to be the fastest-growing region over the forecast period at a CAGR of 7.3%, owing to the increasing demand for better quality of crop produce and rising water scarcity. In North America, the U.S. is also one of the major markets, with it accounting for more than 17% of the total market share in 2014.
Based on irrigation systems, the drip irrigation systems segment is expected to be the largest and the fastest-growing market between 2015 and 2020 since it is the most water-efficient, nutrient, and cost-saving systems as compared to others.
The leading players in the market for fertigation & chemigation include The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), Valmont Industries, Inc. (U.S.), and Rain Bird Corporation (U.S.). Other players like EPC Industrie Limited (India), Netafim (Israel), Nelson Irrigation Corporation (U.S.), Rivulis Irrigation (Israel), and T-L Irrigation Co. (U.S.) are also making their presence felt in the market.
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Research Scope
As per the researchers, the global market for fertigation & chemigation has been analyzed and forecasted on the basis on following segmentation:
- Agri Inputs: Fertilizer, Herbicide, Insecticide, Fungicide
- Crop Type: Field Crops, Plantation Crops, Orchard, Crops, Forage & Turf Grasses
- Application: Agricultural irrigation, Landscape irrigation, Greenhouse irrigation
- Irrigation Systems: Sprinkler Irrigation, Drip Irrigation
- Geography: North America, Europe, Asia-Pacific, RoW
