The global fertigation and chemigation market size was valued at USD 44.83 billion in 2021, growing at a CAGR of 6.3% during the forecast period 2022-2028. The slow distribution of water and nutrients on or below the soil through ground drip, subterranean drip, bubbler, and micro-sprinkler systems is known as fertigation and chemigation. Fertigation and Chemigation Markets have 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 development. With growing water shortages around the world and tremendous developments and measures done by advanced markets through water replenishment and programmes, the Fertigation and Chemigation Market has been growing. During the projected timeframe, the fertigation and chemigation market is expected to grow at a considerable CAGR (2022-2028). Despite the fact that fertigation and chemigation organizations were considered critical services during lockdowns in many nations, acquiring equipment, supplies, and servicing proved problematic. They were also put under a lot of financial strain as a result of higher expenditures and fewer earnings from state transfers and tariffs. Moreover, farmers' main problem is the lack of access to irrigation systems and other inputs, according to the study.
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Owing to the ever-increasing global population and the continual drive for high agricultural productivity coupled by water shortages spread throughout continents, the market for fertigation and chemigation solutions is gaining some traction around the world. The technology requires less effort and relies on drip and sprinkler watering to increase crop quality. The advantages of fertigation and chemigation procedures, also including high nutrient utilization efficiency, minimum nutrient leaching losses, and improved crop development, yield, and freshness, are driving the market.
The global fertigation and chemigation market segmentation:
1) By Product Type: Herbicides, Fungicides, Insecticides, Fertilizers.
2) By Crop Type: Plantation Crops, Field Crops, Forage and Turf Grasses, Orchard Crops.
3) By Mode Of Application: Landscape Irrigation, Agriculture Irrigation, Greenhouse Irrigation.
4) By Irrigation Systems: Drip Irrigation, Sprinkler Irrigation.
In terms of sales and revenue, Europe dominated the fertigation and chemigation market in 2019. The market is being driven by the region's growing population and their need for higher-quality commodities. Fertigation and chemigation allow for reduced nutrient losses as a result of leaching, increased nutrient efficiencies, and improved crop development, quality, and production. Because a lot of research work is actively undertaken in these nations, awareness of the benefits of employing these methodologies is common in European markets such as the United Kingdom, France, Spain, and Germany.
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Some of the major players working in fertigation and chemigation market, which include Rivulis Irrigation (Israel), The Toro Company (U.S.), Valmont Industries, Inc. (U.S.), Jain Irrigation Systems Ltd. (India), T-L Irrigation Co. (U.S.), Lindsay Corporation (U.S.), EPC Industrie Limited (India), Nelson Irrigation Corporation (U.S.), Netafim (Israel), and Rain Bird Corporation (U.S.) to name a few.
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