Overview and Scope
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.
Sizing and Forecast
The fertigation & chemigation market size has grown strongly in recent years. It will grow from $42.64 billion in 2023 to $46.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to precision agriculture adoption, water scarcity concerns, agricultural productivity demands, government initiatives and subsidies, environmental sustainability.
The fertigation & chemigation market size is expected to see strong growth in the next few years. It will grow to $60.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to climate change adaptation, demand for controlled-release fertilizers, expanding horticulture sector, global population growth, rising adoption of greenhouse farming. Major trends in the forecast period include digital farming platforms, smart agriculture technologies, tailored nutrient programs, variable rate technology (vrt), remote monitoring and control, automation and smart farming.
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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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 integrated data management platform and AI toolkit for enterprises, globally 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.
Key Industry Players
Major companies operating in the fertigation & chemigation market report are 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
The fertigation & chemigation market report table of contents includes:
1. Executive Summary
2. Fertigation & Chemigation Market Characteristics
3. Fertigation & Chemigation Market Trends And Strategies
4. Fertigation & Chemigation Market – Macro Economic Scenario
5. Global Fertigation & Chemigation Market Size and Growth
….
31. Global Fertigation & Chemigation Market Competitive Benchmarking
32. Global Fertigation & Chemigation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fertigation & Chemigation Market
34. Fertigation & Chemigation Market Future Outlook and Potential Analysis
35. Appendix
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