Fertigation And Chemigation Market size was valued USD 44.83 billion in 2022 and is poised to grow at a CAGR of 6.3% from 2023 to 2029. Fertigation is the process of injecting soil amendments, fertilizers, and water-soluble products into the irrigation system. Fertigation related to chemigation is a process of introducing chemicals into the irrigation system. Various fungicides, pesticides, and herbicides are used in the chemigation process. Fertigation is most commonly used in the horticulture and agriculture to improve the nutritional values in plants. The advantages with the Fertigation process are increase in the nutrient absorption by plants, reduce in the chemicals and fertilizers requirements, minimize the soil contamination, reduction in soil erosion, and among others. Fertigation and chemigation market is growing at a significant CAGR owing to increase in the demand for healthy food products and better yield. Factors like increased crop protection and production against the drought-like situations are the factors driving the chemigation market. Market players are focusing on the development of newer insecticides, fungicides, herbicides, and fertilizer products to garner larger market share. Moreover, reduction in the water and fertilizer wastage and decrease in the time and labour cost due to fertigation process are bolster the fertigation and chemigation market. In addition, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the competitors for dominating the chemigation market.
Fastest Growing Market
Increase in the population demanding for healthy food products, growing need for nutrient requirement for plants, increase in nutrients leaching, and demand for quality and yield of crops are anticipated to fuel the fertigation and chemigation market. Furthermore, increase in the adoption of newer agriculture practices, decrease in labour cost with fertigation process, and reduction in time and water for farming are expected to propel the fertigation and chemigation market over the forecast period. However, problems with nutrient dose application, stringent regulatory policies for the chemigation products approvals, and high cost of the products are expected to restrain the growth of the market over the forecast period.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.