Fertigation Market Demand, Industry Size, Share, Growth Factor, Leading Key Player Profile, Reginal Outlook and Development Trends by 2024

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"global fertigation market is expected to register a CAGR of 8.1% from 2019 to 2024 and reach USD 9.08 billion by the end of 2024"

Market Drivers and Key Restraints

Fertigation comes from the terms ‘fertilization’ and ‘irrigation.’ Fertigation refers to slow application of soil amendments fertilizers, as well as other water-soluble products into irrigation systems which improve the process of irrigation. It helps add extra nutrients or fill nutrient deficiencies within plant tissue. Fertigation aids in the application of nutrients uniformly to the wetted root volume, with which elevates the efficiency of fertilizers. Fertigation has been gaining immense popularity owing to rising water scarcity issues in various regions. Other than this, fertigation method requires less labor cost, yet productivity of crop is high. This factor aids in market growth to a great extent.

Continuously expanding population leads to a hike in demand for crops, which positively impacts the market for fertigation. Further, continuously depleting water level because of climatic changes help the market gain massive revenues around the world. Other important factors may be the strong demand for fertigation in most of the countries and mounting market opportunities. Growing focus on research and development (R&D) as well as technological surge also adds to the strength of the market.

On a different note, low acceptance in rural areas could slow down the growth of the market. with that said, the market will benefit from minimized nutrient leaching losses that has gained traction among farmers who want to increase their crop quantity as well as quality.

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Market Overview

The global fertigation market could expect to have a lucrative run, at an exceptional CAGR, during the forecast period (2017-2023), reports Market Research Future (MRFR).

Key Companies

The companies currently leading the worldwide fertigation market include-

• Jain Irrigation Systems Ltd. (India)
• Netafim (Israel)
• Lindsay Corporation (U.S.)
• Rivulis (India)
• Valmont Industries, Inc. (U.S.)
• The Toro Company (U.S.)

Recent News

July 2019

Superfish Growers Company has started cultivating the world’s most expensive melon from Japan, by using the vertical farming method on a raised bed. This raised bed helps retain the moisture as well as fertilizer content with fertigation.

Market Segmentation

The worldwide market for fertigation is segmented on the basis of agro inputs, crop types, and irrigation system.
Fertigation market, with respect to agro inputs, cover fertilizers, pesticides, nutrients, and others. The fertilizer input segment covers the largest portion of the market, followed by herbicide and fungicide, part of pesticides. Fertilizers have attained massive favor among farmers in regions where extensive cultivation and production of crops takes place.

Crop types in the fertigation market are field crops, orchard crops, plantation crops, forage grasses, horticulture crops, and others. Out of these, horticulture crops lead the market, with orchard crop coming in second. Expanding population and subsequent rise in demand for horticulture crops have led to massive use of fertigation.

Depending on the irrigation system, the fertigation market includes drip irrigation, sprinkler irrigation, pivot irrigation, and others. Here, the drip irrigation is the most lucrative segment as it is a highly water-efficient irrigation system.

Regional Insight

The Global Fertigation Market is spread across the primary regions of Europe, Asia Pacific, North America, as well as the rest of the world (RoW).

The leading fertigation market is Europe, while North America is the second most lucrative market for fertigation. Rising acreage under irrigation systems and mounting technology awareness among crop producers results in strong growth of the market in Europe. The ever-expanding population and their demand for high quality and quantity of crops translates into a burgeoning market. Additional critical factors enhancing market growth include minimal nutrient leaching losses, high efficiency of nutrient utilization, improved growth, yield and quality of crops.

Asia Pacific could emerge as the fastest-rising market in the near future on account of the developing agricultural sector and boosted demand for foods. On top of that, lack of rain as well as other water resources along with technological advancements focusing on irrigation system is expected to stimulate the market growth during the conjectured time frame.

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Release ID: 88910716

Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India