The European fertigation and chemigation market was valued at USD 11.96 billion in 2023 and is anticipated to reach USD 12.67 billion in 2024 from USD 20.15 billion by 2032, to growing at a CAGR of 5.97% from 2024 to 2032.
The Fertigation & Chemigation market is expected to show great potential in the mentioned forecasting period. The market continues to build momentum with the rising demand in most of the regions over the globe and also because of the intensive market opportunities. Many agricultural-based companies have taken an interest in the fertigation and chemigation market lately, and the trend is expected to follow.
The fertigation and Chemigation market has been gaining popularity due to the increasing water scarcity, high productivity of crops, and less labor intensive. It actually includes various kinds of irrigation techniques like sprinkler irrigation and drip irrigation. Fertigation and Chemigation techniques are basically used to have a better quality of crop and improve crop yield.
The ever-increasing population and their demands for better quality and quantity of crops have led to the market showing significant growth lately. Other important factors responsible in driving the market include minimal nutrient leaching losses, high efficiency of nutrient utilization, better growth, quality & yield of cops. Apart from these, the market faces some restraints as well. Some of the key ones are high initial investments and critical nutrient application doses. The market has also faced the challenge of improving its efficiency. These few factors are responsible for hindering the growth of the market over the years.
In their respective segmentations, the segments having the highest market share are fertilizers, field crops, greenhouse irrigation and drip irrigation.
On the basis of geographical analysis, the Europe market is segmented under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major companies dominating the market, by their products and services include The Toro Company, Rivulis Irrigation, Jain Irrigation Systems Ltd., Valmont Industries Inc., Lindsay Corporation, Rain Bird Corporation, Netafim, EPC Industrie Limited, Nelson Irrigation Corporation, T-L Irrigation Co.
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