Fertigation Market: By Agro Inputs (Fertilizers, Pesticides Nutrients and others), Crop Type (Field Crops, Orchard Crops, Plantation Crops), Irrigation System (Sprinkler, Drip) and Region - Forecast to 2023
Pune, India -- (SBWIRE) -- 02/08/2018 -- Market Overview:
Fertigation is a term derived from fertilization and irrigation. Fertigation is a slow application of fertilizers, soil amendments and other water soluble products into an irrigation system to improvise the process of irrigation. It is used to add additional nutrients or to fill nutrient deficiencies in plant tissue. The fertigation allows to apply the nutrients exactly and uniformly to the wetted root volume, where the active roots are concentrated which increases the efficiency in the application of fertilizers. It is gaining popularity due to increasing water scarcity issues in many regions. Moreover, fertigation method has less labor cost involved with high crop productivity which drives the growth of fertigation market.
The fertigation market have witnessed a substantial growth over the last couple of years both in developed and developing economies. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global Fertigation Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR while achieving million dollar growth readily in the forecast period.
Additionally, continuous increasing population resulting to rising demand for crops is driving the market of fertigation. Furthermore, the continuous decreasing water level owing to climatic changes have boosted the market. Moreover, the market examines continuous growth due to high demand in most of the countries and intensifying market opportunities. Increasing focus on R&D and technological surge will boost the global fertigation market. However, low social acceptance in rural areas can pose a major challenge in the global fertigation market.
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Latest Industry Updates:
Dec 2016 The Toro Company introduced irrigation and fertigation controller for agricultural and horticulture under the brand name of Evolution® AG
Nov 2016 The Toro Company acquired Regnerbau Calw GmbH. The acquisition will aid the company to enhance the product line of irrigation systems
April 2017 Jain Irrigation acquired two irrigation and distribution companies which are Valley Irrigation Inc. and Irrigation Design and Construction Inc. The acquisition will aid the organization to increase presence in North America region especially U.S.
April 2017 Lindsay Corporation introduced revolutionary irrigation management tool
Major Key Players:
Key manufacturers are concentrating to augment its brand name by arranging several promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers is demonstrating their new product offerings in various exhibitions to attract the new customers. By this strategy the product of the company will become popular among the consumers which will aid to surge the overall profitability of the company.
Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line. Key players are introducing new fertigation to intensify the volume sales and also to increase the overall revenue of the company. In addition, manufacturers are penetrating the untapped market to increase the overall revenue. Apart from that, key manufacturers are opening new manufacturing plant in the attractive location in to cater the increasing demand of fertigation.
The key players profiled in fertigation are The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), Valmont Industries, Inc. (U.S.), Rivulis (India), Netafim (Israel), and T-L IRRIGATION CO. (U.S.) among many others.
Global fertigation market has been divided into inputs, crop, irrigation system, and Region
On the Basis of Inputs: Fertilizers, pesticides nutrients, and others
On the Basis of Crop: Field crops, orchard crops, plantation crops, forage grasses, horticulture crops, and others
On the Basis of Irrigation System: Sprinkler, drip, pivot, and others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
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The global Fertigation market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Europe is estimated to account for the significant market share of global fertigation market and the trend is expected to continue throughout the forecast period of 2017-2023. The growth of the Europe region is attributed to the various factors. One of the significant factors for the rising growth of fertigation market is exploitation of groundwater in majority of the western European countries. Apart from that, increasing labor cost in the developed economies is considered to be the main factors for the rising growth of fertigation in the European countries.