Global Fertigation and Chemigation Market Size Set to Touch USD 20152.37 million by 2029

Published | 03 July 2023

Global fertigation and chemigation market is flourishing because of an increasing demand due to high uniformity of distribution, growing awareness of drip irrigation system, and rising demand to reduce nutrient leaching losses

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global fertigation and chemigation market  size at USD 12347.14 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global fertigation and chemigation market size to grow at a significant CAGR of 7.35% reaching a value of USD 20152.37 million by 2029. Major growth drivers for the global fertigation and chemigation market include increasing global population and the need to meet rising food demand. Fertigation and chemigation help maximize crop yield and optimize resource utilization, making them attractive to farmers looking to improve efficiency and sustainability. The advancements in irrigation technology, such as drip irrigation and sprinkler systems, have further facilitated the adoption of fertigation and chemigation practices. Also, the global market is experiencing growth as irrigation techniques become increasingly popular in response to the global population's continuous expansion and the widespread issue of water scarcity. These techniques, which include drip and sprinkler irrigation, require less labor and aim to enhance crop quality. The market is primarily propelled by the advantages associated with adopting fertigation and chemigation methods, such as efficient utilization of nutrients, reduced losses through leaching, and improved crop growth, yield, and quality. The uniformity of application plays a crucial role in the successful implementation of fertigation and chemigation practices. Hence, such aspects are expected to boost the expansion of overall market during the forecast period. However, high initial investments and lack of awareness about fertigation and chemigation are anticipated to restrain the overall market growth.

Global Fertigation and Chemigation Market– Overview

The fertigation and chemigation market involve the gradual application of water and nutrients onto or beneath the soil using surface drip, subsurface drip, bubbler, and micro-sprinkler systems. This market offers various benefits, including minimized water wastage, reduced labor requirements, and the ability to mitigate drought conditions, all of which contribute to its growth. The expansion of the fertigation and chemigation market is driven by the increasing global water scarcity and the proactive efforts of emerging economies in water conservation and related programs. Government initiatives promoting the optimal utilization of water resources in agriculture and providing subsidies to encourage the adoption of fertigation and chemigation techniques will likely propel the market's strong growth trajectory throughout the forecast period.

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Impact of COVID -19 on Global Fertigation and Chemigation Market

COVID-19 pandemic adversely affected global fertigation and chemigation market. Supply chain disruptions and trade restrictions resulted in delays in the delivery of fertigation and chemigation equipment and products. Economic uncertainties and reduced purchasing power among farmers hindered their willingness to invest in new agricultural technologies. However, the pandemic also highlighted the importance of food security and sustainable agriculture, creating a greater demand for efficient irrigation and fertilization techniques like fertigation and chemigation. As the global situation stabilized and the agriculture sector recovered due to increasing awareness and the growing need for precision irrigation practices.

Global Fertigation and Chemigation Market – By Application

Based on application, the global fertigation and chemigation market is segmented into Agriculture Irrigation, Landscape Irrigation, Greenhouse Irrigation, and Others (Soilless Culture) segments. The agriculture irrigation segment dominated the fertigation and chemigation market due to the growing acceptance of the fertigation and chemigation process in agriculture irrigation. Fertigation refers to the injection of fertilizers, including soil and water amendments, as well as other water-soluble products into an irrigation system. Employing fertigation and chemigation in agriculture irrigation yields favorable outcomes by ensuring even distribution of nutrients and water to crops, optimizing their absorption. Meanwhile, the greenhouse irrigation segment is expected to witness fastest growth throughout the projected period. Fertigation and chemigation are widely embraced in greenhouse irrigation due to their numerous benefits, such as enhancing the efficiency of chemical absorption by plants, reducing chemical usage, ensuring uniform application of chemicals, improving fertilizer availability, minimizing risks to pollinators and beneficial organisms, and more. Consequently, the extensive advantages associated with fertigation and chemigation are expected to drive the demand for these techniques in the greenhouse irrigation segment during the forecast period.

Competitive Landscape

Major players operating in the global fertigation and chemigation market include Rivulis, Jain Irrigation Systems Ltd., Lindsay Corporation, Valmont Industries, Inc., Rain Bird Corporation, Eurodrip, Irritec, Amiad Water Systems Ltd., Irrigation and Water Technologies (IWT), Dosatron International, Jacto Inc., and Irrigation Components International (ICI). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Global fertigation and chemigation market . Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global fertigation and chemigation market . It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global fertigation and chemigation market  and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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