Global Fertigation And Chemigation Market Size 2024, Forecast To 2033
6 Mar, 2024
The fertigation & chemigation market has demonstrated robust growth, increasing from $42.64 billion in 2023 to $46.05 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.0% during the historic period. This growth is attributed to the widespread adoption of precision agriculture, concerns over water scarcity, the escalating demands for agricultural productivity, government initiatives and subsidies, and a heightened focus on environmental sustainability. Looking forward, the fertigation & chemigation market is poised for continued strong growth, projecting an increase to $60.67 billion in 2028, sustaining a CAGR of 7.1%. The forecasted period is expected to witness substantial growth due to adaptation strategies for climate change, increased demand for controlled-release fertilizers, the expansion of the horticulture sector, the global population growth, and a rising adoption of greenhouse farming. Key trends in the forecast period encompass the integration of digital farming platforms, the adoption of smart agriculture technologies, the implementation of tailored nutrient programs, the use of variable rate technology (VRT), remote monitoring and control, and the increased adoption of automation and smart farming.
Global Fertigation and Chemigation Market Key Driver
Growing vegetable production is expected to propel the growth of the fertigation and chemigation market going forward. Vegetable refers to specific plant parts that are edible, such as leaves, roots, stems, and flowers. In vegetable production, drip irrigation is the most popular method of fertigation as it lessens water contact with crop development above the ground (leaves, stems, and fruit), which minimizes the likelihood of developing many crop diseases. For instance, in 2023, according to Statistics Canada, a Canada-based government agency, the total vegetable production in Canada increased by 3.7% in 2022 with farm-gate sales reaching $1.6 billion. Furthermore, in 2021, according to Knoema, a US-based provider of an integrated data management platform and AI toolkit for enterprises, global vegetable production increased from 1,138 million tons in 2020 to 1154 million tons in 2021. Therefore, the growing demand for vegetable production is driving the growth of the fertigation and chemigation market.
Get A Free Sample Of The Global Fertigation and Chemigation Market ReportGlobal Fertigation and Chemigation Market Segments
The fertigation & chemigation market covered in this report is segmented –
1) By Technique: Drip, Other Techniques
2) By Input Type: Fertilizers, Insecticides, Fungicides, Herbicides, Other Input Types
3) By Crop Type: Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, Turf and Ornamental, Other Crop Types
4) By End Use: Agriculture, Horticulture, Greenhouse, Other End Users
By Geography:The regions covered in the fertigation & chemigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Europe was the largest region in the fertigation and chemigation market in 2023. North America is expected to be the fastest-growing region in the global fertigation and chemigation market during the forecast period. The regions covered in the fertigation & chemigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fertigation and Chemigation Industry Players
Jain Irrigation Systems Ltd., Lindsay Corporation, Netafim Global, Rain Bird Corporation, Rivulis Irrigation Ltd., T-L Irrigation Company, Epc Industries, Finolex Plasson Industries Ltd., Galcon Ltd., Greentech India, Mahindra & Mahindra Limited, Sentinel Fertigation, FlyBird Farm Innovations, Feeco International, EZ-FLO Injection Systems, Valmont Industries Inc., Nelson Irrigation Corporation, The Toro Company, Senninger Irrigation Inc., Smart Irrigation Systems Inc., Stago Irrigation, Supreme Irrigation Systems, Valley Irrigation Inc., Vesconite Industries, Weathermatic, Fimco Inc., Flow-Matic Irrigation, Hydro-Gardens Inc., Hunter Industries, IDEX Corporation
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Fertigation and Chemigation Market Overview
Fertigation and chemigation refer to the injection of chemicals into the irrigation system. Fertigation is specifically used for the application of fertilizer (plant nutrients) through an irrigation system whereas chemigation is the application of pesticides using an irrigation system. These systems are used in soil or water testing, nutrient deficiencies in plants, and weed or pest control.
Fertigation and Chemigation Global Market Report 2023 provides data on the global fertigation and chemigation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fertigation and chemigation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.