Market Size of Fertigation and Chemigation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fertigation & Chemigation Market Analysis
The fertigation and chemigation market is projected to register a CAGR of 6.5% during the forecast period (2022-2027). 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 irrigation techniques, owing to the constant quest for high crop productivity accompanied by water scarcity spread across continents amid the ever-rising global population. 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. Uniformity of application is the key factor in successful fertigation and chemigation.
