Fertigation Market Overview:
The global fertigation market has a high chance of getting a CAGR of 8.10% between 2020 and 2027, which according to the report released by Market Research Future (MRFR), is the forecast period. The process would also see the market rising up to a valuation of USD 11.41 Billion by 2027. Fertigation is a blend of delivering fertilizer using the irrigation system, which ensures easy reach across the farm field, less time taken, less manual labour, and reduced cost. Its efficiency is well-established in various sectors like horticulture and plantations. In various emerging economies, this is fast becoming a trend and the growing curiosity it is generating can make sure that the market gets a better growth rate.
One of the major impacting features is the reduction of soil-borne diseases. Its effective reach is substantially reducing the demand for manual operation, which is a major reason for the lessening of health hazards. However, its initial installation cost is high due to which a lot of farmers are still reluctant to use this method.
Fertigation Market Competitive Analysis:
Several companies are trying to reap huge benefits from the Fertigation Market Insights as they have realized the impact it can have on the agricultural industries and the profits; they can fetch from it. These companies have been noted by MRFR and their recent steps have been recorded in the report to make sure that gauging of latest trends becomes precise. These companies are Rivulis (India), T-L IRRIGATION CO. (US), Valmont Industries, Inc. (US), The Toro Company (US), Lindsay Corporation (US), Netafim (Israel), Jain Irrigation Systems Ltd. (India), AutoGrow Systems Ltd. (New Zealand), gThrive, Inc. (US), Fly Bird Farm Innovations (India), Nutricontrol BV (Spain), AutoAgronom Ltd. (Israel), Sentek Pty Ltd (Australia), Galcon Ltd. (Israel), Greentech India (India), and others.
Fertigation Market Segmentation:
The global fertigation market, as discussed in the report published by MRFR, has been segmented based on irrigation type and crop. This segmentation provides a better glimpse of various factors that can inspire growth for various market players and help them in devising strategies to make a lasting impact.
By irrigation type, the report on the global fertigation market can be segmented into sprinklers, drip, and others. Sprinklers and drips have their specific applications and are fetching substantial revenues to increase market growth.
By crop, the global market report with a discussion on the fertigation market includes turf ornamental crops, plantation crops, horticultural crops, and others. With the growing demand for food across countries, the plantation crop segment is expecting strong growth.
Fertigation Market Regional Summary:
The global market for fertigation is all set to benefit from the impacts of the Asia Pacific region where major agrarian economies are going to fetch high revenues and ensure that the regional market tops the chart. The regional Fertigation Market Outlook is also slated to grow with the fastest CAGR during the review period. One of the major characteristics of this region’s agricultural method is the presence of small farms, which is making the inclusion of a fertigation system all the more necessary. Ample backing from the fertigation industry, in terms of subsidies, product innovation, marketing strategies, and others are going to influence growth. Governments are also taking proper initiatives to ensure a hike in its intake. The European region has the chance to register growth in the fertigation market as the region is making substantial development in the production method and design of the product. The regional tendency to allow better technologies permeate across the agricultural sector is helping the market in its growth. In addition, reduced labor cost is playing in its favor as automation is impacting the demand for manual labor.
In December 2019, reports released in The Assam Tribune mentioned details about the world’s first experimental plantation of grafted lemons. The process is a success and has benefited much from the fertigation method.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
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