ID: MRFR/AGR/3122-HCR | 110 Pages | Author: Snehal Singh | June 2023
The fertigation market is expected to register a CAGR of 8.10% from 2020 to 2027 and reach USD 11.41 Billion by the end of 2027. Fertigation is a method that incorporates providing fertilizer with water through the irrigation system. Fertigation allows the controlled and timely supply of nutrients to plants. Fertigation is most commonly used in horticulture, extensive agriculture and landscaping owing to the simplicity of dispenser unit and increased reliability. Fertigation helps to improve the efficiency of fertilizer as they are directly supplied to the targeted root zone, which helps in increased nutrient absorption by crops. This helps to save fertilizers by a more considerable margin, which is expected to drive the growth of the fertigation industry.
Moreover, as the nutrients are supplied to all crops in the field by an irrigation system, fertigation helps to save time and labor cost. Additionally, fertigation also helps to minimize the soil erosion and reduces the risk of root and soil-borne diseases, which is anticipated to fuel the growth rate of fertigation market. However, the high initial investment in installing a fertigation system may hamper the growth of the fertigation industry.
The market has been segmented based on irrigation type, crop, and region.
The market has been classified, based on irrigation type, as drip, sprinklers, and others.
The market has been bifurcated, based on crop, into crops, horticultural crops, plantation crops, turf & ornamental crops, and others.
The global fertigation market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico.
The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The market, in the rest of the world, has been segmented into South America, the Middle East, and Africa.
Key Players
Regional Market Summary
Global Fertigation Market Share (%), by Region, 2019
Irrigation Type: Secondary Irrigation Types and MRFR Analysis
The market in Asia-Pacific is expected to dominate the global fertigation market and grow at the highest CAGR during the forecast period due to the expansion of the agricultural industry. Moreover, the small size of farms has made it mandatory to use fertilizers efficiently to increase crop yield, which is anticipated to fuel the growth of fertigation industry in this region. Additionally, governments of many countries like India and Thailand, are providing subsidies to farmers for installing fertigation system, which is predicted to fuel the growth of fertigation industry in this region.
The European region is projected to gain a significant market share in the global market during the review period, due to continuous development in fertigation products. Moreover, the adoption of modern techniques in farming and reduced labor cost due to the automated application of fertilizers by fertigation, are the factors predicted to boost the growth of fertigation industry in this region.
The market in the rest of the world is expected to grow at a stable growth rate due to increasing agricultural activities in South American countries like Chile, Colombia, Uruguay, Argentina, and Brazil.
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 11.41 Billion |
CAGR | 8.10% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Irrigation Type and Crop |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Lindsay Corporation (US), The Toro Company (US), Jain Irrigation Systems Ltd. (India), Valmont Industries, Inc. (US), Rivulis (India), T-L IRRIGATION CO. (US), Netafim (Israel), AutoGrow Systems Ltd. (New Zealand), Fly Bird Farm Innovations (India), AutoAgronom Ltd. (Israel), Nutricontrol BV (Spain), Galcon Ltd. (Israel), Sentek Pty Ltd (Australia), gThrive, Inc. (US), Greentech India (India) |
Key Market Opportunities | Increased reliability and simplicity of dispenser unit in agriculture and landscaping. |
Key Market Drivers | Reduced labor cost involved with high crop productivity. Adoption of modern techniques in farming. |
fertigation market is projected to grow at an 8.10% CAGR between 2020-2027.
fertigation market is predicted to touch USD 11.41 billion by 2027.
The Asia Pacific region is projected to dominate the fertigation market.
Horticulture crops will lead the fertigation market.
Low social acceptance may limit the fertigation market growth.
Key Questions Answered
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