Global Fertigation Market Overview
Fertigation is the process in which fertilizers are injected in the irrigation system. It is a combination of fertilization and irrigation systems. It is extensively used to add required number of fertilizers into the plant tissues as per the deficiencies analysed. This method helps to reduce soil erosion, water consumption, and reduce the number of fertilizers used. Growing population and increasing demand for quality crops have surged the growth of the global Moreover, water consumption issues in irrigation system have opened the doors for fertigation market.
Fertigation market method is used to increase the efficiency of nutrient utilization with the minimum nutrient loss, which leads to finest plant growth and yield. It is gaining popularity due to increasing water scarcity issues in many regions. Moreover, fertigation method has less labor cost involved with high crop productivity, which drives the growth of the global fertigation market. Additionally, the demand for crops is increasing with increasing population across the globe, which drives the fertigation market growth. Furthermore, the continuous decrease in ground water level owing to climatic change have boosted the market growth.
Moreover, the market examines continuous growth due to high demand in most of the countries and intensifying market opportunities across the globe. Increasing focus on R&D and technological surge will boost the global fertigation market. However, low social acceptance in rural areas seem to be a constraint for the growth of fertigation market.
Nevertheless, all these factors are likely to contribute to the estimated CAGR of 8.10% of fertigation market during the forecast period 2023-2032.
Downstream Analysis
On the basis of agro inputs, the global fertigation market is segmented by fertilizers, pesticides, nutrients, and others. Among all, fertilizer input is dominating the global market growth followed by pesticides such as herbicide and fungicide. Fertilizers are plant nutrients that supplement required elements found naturally in the soil.
Based on crop type, the horticulture crops are dominating the market followed by orchard crops. Growing population has increased the demand for horticulture crops, which, in turn, leads to extensive horticulture cultivation.
Based on the irrigation system, drip irrigation holds the major share of the global market. It is the most water-efficient irrigation system and fertigation has become a part of drip irrigation system.
Competitive Analysis
The major players in the Fertigation Market
- The Toro Company (U.S.)
- Jain Irrigation Systems Ltd. (India)
- Lindsay Corporation (U.S.)
- Valmont Industries, Inc. (U.S.)
- Rivulis (India)
- Netafim (Israel)
- T-L IRRIGATION CO. (U.S.)
The global fertigation market is growing rapidly due to high demand in most of the countries and intensifying market opportunities. Moreover, increasing focus on R&D and developing technology projected to boost the fertigation market over the forecast period 2023-2032.
Regional Analysis
The global market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). European market is dominating the fertigation market followed by North America. Extensive R&D activities in this region followed by intensifying market opportunities have helped to surge the fertigation market in this region. However, Asia Pacific is projected to grow rapidly owing to its high population growth followed by rising demand for quality and quantity crops.
Furthermore, lack of rain and other water resources followed by technological advancements focusing on irrigation system in Israel has majorly contributed the growth of fertigation market.
Market Segmentation
Fertigation Market is segmented on the basis of agro inputs, crop type, irrigation system and region.
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