Global Fertigation & Chemigation Market - 2023-20230

Overview

Global Fertigation & Chemigation Market reached US$ 13.12 billion in 2022 and is expected to reach US$ 25.67 billion by 2030, growing with a CAGR of 8.75% during the forecast period 2023-2030.

Precision agriculture techniques, including fertigation and chemigation, are on the rise. These technologies allow for data-driven, site-specific application of nutrients and chemicals, optimizing resource use and crop yield. Efficient resource utilization is a top priority in modern agriculture. Fertigation and chemigation systems are designed to make the most efficient use of water and fertilizers. These systems allow for precise control over the application of nutrients, reducing excess usage and runoff.

In October 2021, at Th. Kandoodhoo, President Ibrahim Mohamed Solih inaugurated a Food Security Program and Fertigation System as part of the ongoing celebrations honoring National Farmers' Day. In launching the Fertigation System President Solih introduced the first batch of organic, eco-friendly fertilizers and pesticides to the Kandoodhoo Women's Development Committee

Fertilizers hold a significant share of the fertigation and chemigation market due to their higher consumption rate. Europe held a significant share of the fertigation and chemigation market due to the region's adoption of precision agriculture, government initiatives, a focus on sustainability, and a well-informed farming community. In October 2021, the France government unveiled France's 2030 plan. This plan includes 1.5 billion euros for food and agriculture. These government initiatives drove the popularity of these advanced irrigation technologies

Dynamics

Extensive Usage in Minimizing Chemical Leaching of Crops

Chemical leaching is the phenomenon where fertilizers and chemicals applied to crops get carried away from the plant's root zone. This runoff can lead to contamination of groundwater and result in various environmental issues. According to a report published in the Journal Nature, every year, 70,000 tonnes of dangerous chemicals leach from farms into aquifers. Fertigation and chemigation systems enable precise and controlled delivery of fertilizers and chemicals directly to the root zone of plants.

Traditional fertilizer and chemical application methods like broadcast spreading can lead to overuse, excess runoff, and the risk of leaching into the environment. Fertigation and chemigation systems offer a solution by allowing precise, timely application of the right amount of nutrients and chemicals, minimizing the chances of over-application and leaching. Moreover, these systems use less water compared to traditional surface methods, conserving water resources and further reducing the risk of chemical leaching due to decreased excess water in the soil.

Growing Adoption of Precision Farming Techniques

The trend of adoption of precision farming practices is growing worldwide. According to McFadden and Schimmelpfenning precision agricultural companies have their headquarters in at least 38 U.S. states. Precision farming aims to maximize the efficiency of resource utilization. Fertigation and chemigation systems help achieve this goal by ensuring that nutrients and chemicals are used judiciously, reducing waste and environmental impact.

With a growing focus on sustainable agriculture, precision farming techniques, along with fertigation and chemigation, align to reduce the ecological footprint of farming practices. These systems reduce issues like chemical runoff and overuse of fertilizers, promoting more environmentally responsible agriculture.

High Intial Investment

Implementing fertigation and chemigation systems requires a significant initial investment in equipment and technology. The cost of purchasing and installing these systems, as well as the required infrastructure, act as a barrier for some farmers, particularly small-scale ones.

The high initial expenses associated with acquiring fertigation and chemigation equipment, as well as the essential irrigation infrastructure, can be excessively costly for small and medium-sized farmers. This financial barrier restricts their capacity to embrace these advanced agricultural technologies and restrains the fertigation and chemigation market growth.

Segment Analysis

The global fertigation & chemigation market is segmented based on input, crop, irrigation, application and region.

Rising Usage of Fertilizer

The increasing consumption of fertilizer is a driving factor for the high share of fertilizers in the fertigation and chemigation market. According to the World Bank Collection of Development Indicators, fertilizer consumption in the U.S. was 129 kg per hectare of arable land in 2021. Fertigation and chemigation systems allow for the precise and customized application of fertilizers tailored to specific crops, growth stages, and soil conditions. This encourages the efficient use of fertilizers.

Fertigation is the practice of applying precise, small quantities of fertilizer directly to the root zone of plants through drip tubes. This method significantly enhances the efficiency of fertilizer use in agriculture. In comparison to traditional ground application, fertigation enables farmers to achieve equivalent or superior crop yields and quality while reducing fertilizer usage by as much as 20-50% This approach not only conserves resources but also promotes more sustainable and cost-effective agricultural practices.

Geographical Penetration

Europe's Government Initiatives

Europe has a significant share of modern and technologically advanced agricultural practices. Fertigation and chemigation are aligned with precision agriculture techniques that are well-adopted in Europe, contributing to the market's growth.

Some European governments provide financial incentives and subsidies for farmers who adopt sustainable and efficient agricultural practices, including fertigation and chemigation. In June 2023, The European Commission unveiled 430 euro billion of EU funds to support the EU agricultural sector. This type of government initiative for the agricultural sector drives the fertigation and chemigation market in that region.

Competitive Landscape

The major global players include Rivulis, Ingersoll Rand, EZ-FLO Injection Systems Inc, Jain Irrigation Systems Ltd., NETAFIM, Agri-Inject, Inc., John Blue Company, H.E. Anderson Company, Mazzei Injector Company, LLC and Inject-O-Meter

COVID-19 Impact Analysis

COVID Impact

Like many industries, the fertigation and chemigation market experienced disruptions in the supply chain during the pandemic. These disruptions affected the availability of components and equipment necessary for these systems, potentially delaying installations and maintenance. Lockdowns and health concerns led to labor shortages in various agricultural regions.

This labor shortage impacted the adoption and operation of fertigation and chemigation systems that require skilled labor for installation and maintenance. Economic challenges resulting from the pandemic affected farmers' budgets and their ability to invest in new agricultural technologies, including fertigation and chemigation systems.

Russia- Ukraine War Impact

Conflict in the region disrupted supply chains, affecting the availability of components and equipment necessary for fertigation and chemigation systems. Import/export restrictions, transportation disruptions, and supply chain uncertainty impacted the market. The conflict created economic instability, which, in turn, affected the agricultural sector. Farmers may face challenges in securing financing for investments in technologies like fertigation and chemigation.

Conflict disrupted resource availability, including labor, water, and energy resources, which are essential for the operation of fertigation and chemigation systems. Farmers may need to adapt their practices based on these resource constraints. The conflict's impact on the production and export of agricultural commodities in the region can have ripple effects on global markets. This, in turn, influenced the economic conditions and decisions of farmers worldwide, potentially affecting the adoption of advanced irrigation technologies.

By Input

• Fertilizers
• Insecticides
• Fungicides
• Herbicides
• Others

By Crop

• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Turfs and Ornamentals

By Irrigation

• Sprinkler Irrigation
• Drip Irrigation
• Others

By Application

• Agricultural Irrigation
• Landscape Irrigation
• Greenhouse Irrigation
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In January 2023, John Deere, a manufacturer of agricultural machinery, launched a new planting technology, ExactShot. ExactShot helps farmers decrease the amount of starter fertilizer required during planting by more than 60%.
• In January 2022, Sentinel Fertigation, a technology company, declared a strategic partnership with Agri-Inject to connect N-Time FMS to ReflexConnect variable rate injection pumping devices. By enabling the direct transfer of N-Time's image-based fertigation prescriptions to ReflexConnect machines in the field and enabling automated as-applied mapping and logging of applied fertilizer, this connection will close the gap between chemigation equipment and agronomic recommendations for fertigation.
• In March 2022, In Pampanga, at barangay Prado Siongco, Lubao, the Department of Agriculture (DA) launched the first-ever Solar-Powered Fertigation System (SPFS). By accurately providing water and fertilizer inputs to crops, SPFS was created to improve the effectiveness of current irrigation systems.

Why Purchase the Report?

• To visualize the global fertigation & chemigation market segmentation based on input, crop, irrigation, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fertigation & chemigation market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global fertigation & chemigation market report would provide approximately 69 tables, 71 figures and 191 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies