Fertigation and Chemigation Market projected to grow with significant CAGR over the forecast period

29/mag/2018 08:49:50 sravan Contatta l'autore

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Fertigation and Chemigation Market projected to grow with significant CAGR over the forecast period

 

Overview of Fertigation and Chemigation Market

The process of introducing fertilizers or other water soluble agricultural products to the plants through their irrigation system is called fertigation. Similarly, introduction of chemicals like herbicides, fungicides, pesticides etc through irrigation system is called chemigation. There are numerous benefits of fertigation over conventional methods like – optimal use of fertilizers and other chemicals, better nutrition intake by plants, lesser soil pollution etc.

Drivers and Constraints for the Fertigation and Chemigation Market

Drivers: - Demand for quality food for the increasing population, growing need for plant nutrients, loss of nutrients due to leaching process and a continuous demand for high and better quality yield from crops.

Also, more and more adoption of modern agricultural practices will drive growth for the fertigation and chemigation market.

Constraints: - High cost of the product, strict regulatory framework for the chemigation product approval, difficulty in deciding the correct dose for application etc will continue to restrict the growth for the fertigation and chemigation market.

 

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Market Segmentation of the Fertigation and Chemigation Market

The fertigation and chemigation market can be segmented on the basis of product type, crop type, mode of application and type of irrigation system used.

On the basis of the product type, the market can be segmented as below:-

·         Herbicides

·         Fungicides

·         Insecticides

·         Fertilizers

 

On the basis of the crop type, the market can be segmented as below:-

 

·         Plantation Crops

·         Field Crops

·         Forage and Turf Grasses

·         Orchard Crops

 

On the basis of the mode of application, the market can be segmented as below:-

 

·         Landscape Irrigation

·         Agriculture Irrigation

·         Greenhouse Irrigation

 

On the basis of the irrigation system used, the market can be segmented as below:-

 

·         Drip Irrigation

·         Sprinkler Irrigation

 

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Analysis of the Fertigation and Chemigation Market Based on Regions

 

On the basis of the geography, the fertigation and chemigation market can be divided into five important regions. They are:-

 

·         North America

·         Latin America

·         Europe

·         Asia-Pacific

·         Middle East and Africa

 

Among all the regions, the North American region is likely to show a significant growth in the forecasted period mainly due to factors like- rising population demanding for high quality food products, more and more adoption of advanced agricultural practices, rising popularity of fertigation and chemigation in the region, availability of novel chemigation products in the region etc.

 

Similarly, in Europe, the growth drivers are – increased agricultural activities in the region, adoption of advanced agricultural practices, more R & D activities to introduce newer products in the market etc.

 

Fertigation and chemigation processes are very new to the Asia-Pacific region but, still the scope for market growth is good due to factors like – agriculture being the primary activity of the major countries in this region, availability of irrigation systems and adoption of advanced agricultural practices.

 

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Key Players in the Fertigation and Chemigation Market

 

Names of few key players in the fertigation and chemigation market are provided below:-

 

·         Rivulis Irrigation (Israel)

·         The Toro Company (U.S.)

·         Valmont Industries, Inc. (U.S.)

·         Jain Irrigation Systems Ltd. (India)

·         T-L Irrigation Co. (U.S.)

·         Lindsay Corporation (U.S.)

·         EPC Industrie Limited (India)

·         Nelson Irrigation Corporation (U.S.)

·         Netafim (Israel)

·         Rain Bird Corporation (U.S.)

 

Mergers and acquisitions, collaborations, and new product development are the strategies being adopted by the major players.

 

Key developments in the Fertigation and Chemigation Market

 

·         October, 2017 – Acquisition of Agri-Valley Irrigation, Inc. and design and Construction, Inc. by Jain Irrigation Systems Limited to develop a fertigation process for better yield.

 

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About Precision Business Insights

 

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