|Study Period:||2016 - 2026|
|Fastest Growing Market:||North America|
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The fertigation and chemigation market is projected to register a CAGR of 6.2% during the forecast period (2021-2026). Despite qualifying as essential services during lockdowns in many countries, fertigation and chemigation agencies faced a difficult time in securing equipment, inputs, and maintenance. They also faced significant fiscal stress occurred due to additional costs and lower revenues from both state transfers and tariffs. Furthermore, it is noted that a lack of accessibility to irrigation equipment and other inputs was the major issue that farmers faced. The market across the world is gaining momentum due to the rising popularity of fertigation and chemigation products due to the ever-rising global population and the constant quest for high crop productivity accompanied by water scarcity spread across continents. The technique is less labor-intensive and utilizes drip and sprinkler irrigation for the improvement of crop quality. The market is driven by the benefits offered by the adoption of fertigation and chemigation techniques like high efficiency of nutrient utilization, minimal nutrient leaching losses, better growth, yield, and quality of crops.
Scope of the Report
The application of precise and equal amounts of fertilizers, nutrients, soil amendments, pesticides, or other water-soluble products through an irrigation system is referred to as fertigation. A similar application process, but of water-soluble chemicals such as pesticides, herbicides, and fungicides, is referred to as chemigation. There is a strong connection between chemigation, fertigation, and irrigation, the goal being for each plant to receive a uniform quantity of water and additive. Uniformity of application is the key factor in successful fertigation and chemigation. The fertigation and chemigation market is segmented by input type (fertilizers, insecticides, fungicides, herbicides, and other input types), crop type (grains and cereals, pulses and oilseeds, fruits and vegetables, and turfs and ornamentals), application (agricultural irrigation, landscape irrigation, greenhouse irrigation, and other applications), irrigation type (sprinkler irrigation, drip irrigation, and other irrigation types), and geography (North America, Europe, Asia-Pacific, South America, and Africa).
|Other Input Types|
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Turf and Ornamentals|
|Other Irrigation Types|
Key Market Trends
Increase in Awareness of Drip Irrigation System is Driving the Market
The drip irrigation segment is projected to witness the highest CAGR during the forecast period. Mostly, subsurface drip irrigation systems are used in the countries to augment fodder maize production. This allows the farmers to focus on the cattle while still ensuring that there is sufficient food for the animals with the right nutritional quality. This results in enormous financial savings and has to lead to higher revenues globally in the micro-irrigation systems market. These factors are driving the global market for irrigation machinery. A factor that may restrict the drip irrigation systems market is its high cost, which farmers have to incur, especially when they are far from the water source.
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Europe Dominates the Fertigation and Chemigation Market
Europe leads the fertigation and chemigation market in terms of revenue as of 2019. The increasing population and their demand for a better quality of crops across the region are driving the market. Fertigation and chemigation facilitate minimal nutrient losses in terms of leaching, high efficiency of nutrient utilization, along better growth, quality, and yield of crops. Awareness about the benefits of using these techniques is widespread in the European countries including the United Kingdom, France, Spain, and Germany as a lot of research work is actively conducted in these countries. The Toro Company, Rivulis Irrigation, Valmont Industries Inc., and Lindsay Corporation are active companies in the region aa they are expanding and launching products to enhance their market share in the region.
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The fertigation and chemigation market is consolidated, with a few companies occupying a major chunk of the market share as of 2020. The market is characterized by mergers and acquisitions, partnerships, product launches, and research and developments, among other activities. For instance, Toro’s award-winning drip irrigation recycling service is a result of an ongoing commitment to helping farmers maximize crop production with efficient and sustainable irrigation practices, including the recycling of spent drip irrigation tapes and driplines. In partnership with Revolution Plastics, the service uses recycled materials to make plastic can liners and other agriculture and construction sheeting, rather than sending the used materials to a landfill.
In January 2019, Lindsay Corporation and Nutrien AG Solutions, the world’s largest provider of crop inputs and services, announced a partnership that will enable Nutrien AG Solutions and Lindsay’s remote irrigation management and scheduling platform to leverage irrigation offerings to the market.
In 2017, Toro announced a partnership with Virginia Polytechnic Institute and State University (Virginia Tech) to support research efforts in GPS sprayer technology to benefit turf maintenance practices.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Input Type
5.1.5 Other Input Types
5.2 Crop Type
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Turf and Ornamentals
5.3.1 Agriculture Irrigation
5.3.2 Landscape Irrigation
5.3.3 Greenhouse Irrigation
5.3.4 Other Applications
5.4 Irrigation Type
5.4.1 Sprinkler Irrigation
5.4.2 Drip Irrigation
5.4.3 Other Irrigation Types
5.5.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.5.4 South America
184.108.40.206 Rest of South America
220.127.116.11 South Africa
18.104.22.168 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Valmont Industries Inc.
6.3.2 The Toro Company
6.3.3 Jain Irrigation Systems Limited
6.3.4 Lindsay Corporation
6.3.5 Rivulis Irrigation
6.3.7 Rain Bird Corporation
6.3.8 T-L Irrigation Co.
6.3.9 Nelson Irrigation Corporation
6.3.10 EPC Industrie Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Fertigation and Chemigation Market market is studied from 2016 - 2026.
What is the growth rate of Fertigation and Chemigation Market?
The Fertigation and Chemigation Market is growing at a CAGR of 6.2% over the next 5 years.
Which region has highest growth rate in Fertigation and Chemigation Market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Fertigation and Chemigation Market?
Europe holds highest share in 2020.
Who are the key players in Fertigation and Chemigation Market?
The Toro Company, Jain Irrigation Systems Ltd, Lindsay Corporation, Valmont Industries, Inc., Rain Bird Corporation are the major companies operating in Fertigation and Chemigation Market.