The global market for fertigation & chemigation has grown exponentially in the last few years. In terms of value, the market is projected to reach USD 42.2 Billion by 2020, at a CAGR of around 6.3% from 2015 to 2020. Water-scarce regions and agriculture-based countries are the primary targets of the industry. Factors such as increasing population & the resultant food demand and increasing water scarcity are the major driving factors for this market.
The report "Fertigation & Chemigation Market by Agri Inputs (Fertilizers, Herbicides, Insecticides, & Fungicides), Application (Agriculture, Landscape, & Greenhouse), Crop Type, Irrigation Systems, & by Region - Global Trends and Forecast to 2020", Fertigation & chemigation market is projected to reach around USD 42.2 Billion by 2020, at a CAGR of around 6.3% from 2015.
Browse 71 market data Tables and 52 Figures spread through 181 Pages and in-depth TOC on "Fertigation & Chemigation Market by Agri Inputs (Fertilizers, Herbicides, Insecticides, & Fungicides), Application (Agriculture, Landscape, & Greenhouse), Crop Type, Irrigation Systems, & by Region - Global Trends and Forecast to 2020"
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This report defines and segments of the fertigation & chemigation market with analyses and projection of the size and trends, in terms of value. It also identifies the driving and restraining factors for the market with analyses of opportunities and challenges.
The market has been segmented on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW), and their value has been projected. The size of the markets in key countries has also been covered and projected for each region.
The market has also been segmented on the basis of agri inputs, crop type, application, and irrigation systems, and their size has been projected.
More significant to invest in fertigation chemigation practice
Factors such as increased crop production and protection against drought-like situations are the major drivers of the fertigation & chemigation market. The fertigation & chemigation market continues to grow due to high demand in most of the countries and intensifying market opportunities.
The market players are responding to these new opportunities by expanding their global presence and product lines. Fertigation & chemigation is the slow application of nutrients & water on, or below the soil by surface drip, subsurface drip, bubbler, and micro-sprinkler systems.
Where labor is scarce and expensive or where medium-to-large areas need to be irrigated precisely and frequently with minimum waste of time and water, it is better to invest in fertigation & chemigation practice.
Significant growth for fertigation & chemigation is observed in the Asia-Pacific region
Fertigation & chemigation is practiced mainly to increase the water use efficiency in agriculture and it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in majority of the countries such as China, and India. This also delivers water and nutrients directly to plant root systems through the help of drip irrigation, and offers a more efficient alternative to flood irrigation systems.
Drip irrigation segment holds high potential for fertigation & chemigation
In fertigation & chemigation, the irrigation systems are classified into sprinkler irrigation and drip irrigation systems. The drip irrigation segment dominated the fertigation & chemigation market, having contributed a major share in 2014.
The segment is projected to be the fastest-growing market for the next five years as it is one of the most water-efficient irrigation systems and saves labor cost.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), and Valmont Industries, Inc. (U.S.).
In terms of insights, this research report has focused on various levels of analysis industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global fertigation & chemigation market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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