Fertigation and Chemigation Market Forecasts to 2028 – Global Analysis By Crop Type (Plantation crops, Orchard crops), Agriculture Input (Fertilizers, Insecticides, Fungicides) and By Geography

Fertigation and Chemigation Market Forecasts to 2028 – Global Analysis By Crop Type (Plantation crops, Orchard crops), Agriculture Input (Fertilizers, Insecticides, Fungicides) and By Geography

According to Stratistics MRC, the Global Fertigation and Chemigation Market is accounted for $49.47 billion in 2022 and is expected to reach $79.82 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Fertigation & chemigation is the slow application of nutrients and water on or below the soil by surface drip, subsurface drip, bubbler, and micro-sprinkler systems. Fertigation is the process of applying precise and equal amounts of fertilisers, nutrients, soil amendments, insecticides, or other water-soluble compounds using an irrigation system. Chemigation is a similar application procedure that uses water-soluble chemicals like insecticides, herbicides, and fungicides. The slow application of nutrients and water on or below the soil through surface drip, subsurface drip, bubbler, and micro-sprinkler systems is known as fertigation and chemigation.

According to the United States Department of Agriculture (USDA), rice consumption in 2019-20 was approximately 102 million tonnes, an increase of 3%, and the rice consumption is expected to increase further in 2020-21 to 108 million tonnes with the government pushing more subsidized rice. Thus, with the increasing food crop consumption, the demand for fertigation & chemigation will also increase, which is anticipated to drive the fertigation & chemigation market in the food crop sector during the forecast period.

Market Dynamics:

Driver:

Effectiveness of nutrient utilization

It is a method of fertilizer application where the nutrients are added into the irrigation water and supplied through the drip system. It also offers the potential for specific control of nutrients as well as water. A main advantage of fertigation is that it delivers greater flexibility and control over the applied nutrients as associated to conventional broadcast applications. Fertilizers are applied when essential and in small doses. In fertigation, fertilizer solution is distributed through the irrigation system. The efficiency of this method increases owing to the very high availability of the nutrients.

Restraint:

High Initial Investments

The high capital investments are a foremost aspect hampering the growth of the market. The fertilizer and water-soluble fertilizer systems are measured most applicable for cost-intensive farming such as orchards, nurseries, greenhouses, and vineyards. The initial investment cost for installing fertigation systems for water-soluble fertilizer application is high and is hence less suitable for low-value crops considering that the returns on investments may be low.

Opportunity:

Rising government’s initiatives

Due to the heavy pressure of population in small and emerging countries and its rapid upsurge, the demand for food is increasing at a fast rate due to which the governments are expending heavily on initiatives and investments in the field of agriculture. The total quantum of private agricultural investment in countries in increasing, which targets to end hunger and double the agricultural productivity and incomes of small-scale food producers is likely to increase the demand for fertigation & chemigation. Thus, due to the numerous initiatives by the government, agricultural production is also growing in the several provinces, which create various opportunity for the market growth.

Threat:

Requirement of consistent care

Any flaw in a fertigation system may lead to yield loss, inconsistent growth, and equipment damage. Emitters must be maintained to apply uniform nutrition to crops. There is potential of chemical backflow into the water source, so backflow prevention must be consistently addressed. It is important to fully understand fertigation systems to fix and maintain the equipment. However, training growers and operators on fertigation systems may be costly or time consuming.

Impact of Covid- 19

The market was severely affected by the COVID-19 pandemic. Raw material supply was hampered due to the COVID-19 pandemic in 2020. Many major economies were shut down during the pandemic, and many factories were closed, including those producing PVC pipes, filters, and drip lines. Closing factories led to an increase in product prices as a result of a decrease in supply in the market. A rise in irrigation and fertigation equipment prices negatively impacted growers' profitability, which halted the upgrade of irrigation infrastructure. Despite this severe pandemic shock, economies, and the fertigation and chemigation industry have begun to recover.

The fertigation segment is expected to be the largest during the forecast period

The fertigation segment is expected to be the largest during the forecast period, owing to the increasing use of fertilisers as agri inputs in fertigation and chemical processes. Often a small amount of fertilizer is spread through drip tubes directly to the root zone using the fertigation process as fertigation improves the fertilizer efficiency. Even with 20 percent to 50 percent less fertiliser, fertigation and chemigation produces superior yields and crop quality. Furthermore, by accepting the fertigation & chemigation procedure, fertiliser leaching is reduced, causing in less groundwater pollution and environmental concerns.

The Agriculture Irrigation segment is expected to have the highest CAGR during the forecast period

The agriculture irrigation segment is expected to have the highest CAGR during the forecast period, owing to the rising use of the it process in the agriculture irrigation application, agriculture irrigation held the highest share in the market. Fertigation is the injection of fertilisers into an irrigation system for soil amendments, water amendments, and other water-soluble compounds. The employment of it as a method of agriculture irrigation produces favourable outcomes in terms of nutrient and water distribution to crops, permitting for optimal nutrient and water absorption.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period. The market is being driven by the province's rising population and their desire for higher-quality crops. A lot of research is being done in countries; there is a lot of consciousness about the welfares of using these techniques in European countries like the United Kingdom, France, Spain, and Germany. The Toro Company, Rivulis Irrigation, Valmont Industries Inc., and Lindsay Corporation are all active in the province, growing and launching new products to increase their market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. In the Asia Pacific province, Fertigation & chemigation is practiced mostly to upsurge the water use efficiency in agriculture, and it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in the majority of the countries such as China and India. The increasing penetration of fertigation & chemigation processes through subsidies has limited the production cost and also the influxes of global players, along with the appearance of regional players, have been contributing to the growth of the market.

Key players in the market

Some of the key players profiled in the Fertigation and Chemigation Market include Valmont Industries, Inc., T-L Irrigation Co., The Toro Company, Rivulis Irrigation, Rain Bird Corporation, Orbit Irrigation Products LLC, Netafim, Nelson Irrigation Corporation, Lindsay Corporation, Jain Irrigation Systems Ltd., Hunter Industries, Greentech India, Galcon, Finolex Plasson, EPC Industrie Limited, CALSENSE, Autogrow.

Key Developments:

In February 2022, Netafim USA, a subsidiary of Netafim Ltd, launched its new AlphaDisc™ filter, a new filter designed to protect irrigation systems against clogging caused by organic contaminants.

In May 2021, Valmont Industries acquired Prospera Technologies (an Israeli crop analytics startup) for USD 300 million. They majorly focus on digitizing center pivot irrigation systems..

Crop Types Covered:
• Plantation Crops
• Orchard Crops
• Forage & Turf Grasses
• Field Crops

Agriculture Inputs Covered:
• Fertilizers
• Insecticides
• Fungicides
• Herbicides
• Other Agriculture Inputs

Irrigation Systems Covered:
• Drip
• Sprinkler

Applications Covered:
• Agriculture Irrigation
• Landscape Irrigation
• Greenhouse Irrigation

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements