Intensive market opportunities and rising demand across the globe driving the growth of Fertigation & Chemigation Market

Intensive market opportunities and rising demand across the globe driving the growth of Fertigation & Chemigation Market

ID: 2288 | April 2018 | Region: Global

The Fertigation and Chemigation Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Fertigation & Chemigation Market is estimated to be USD 33.04 billion in 2016 and predicted to rise to USD 44.95 billion by 2021 with a CAGR of 6.35%. The market is segmented by Agri Input (Fertilizers, Insecticides, Fungicides, Herbicides, Others), by Crop Type (Field Crops, Plantation Crop, Orchard Crops, Forage & Turf Grasses), by Application (Agricultural Irrigation, Landscape Irrigation, Greenhouse Irrigation and Others), by Irrigation System (Sprinkler Irrigation and Drip Irrigation). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

According to the current market trends the market for Fertigation and Chemigation is expected show rapid growth in the upcoming years. The growth of the market can be attributed to the factors like rising population and their demand for high quality of crops. Other factors include minimal nutrient leaching losses, high efficiency of nutrient utilization, better growth, yield & quality of crops. The factors holding back the growth of the market include high initial investments, critical nutrient application doses and demand for improvement in efficiency.

The market for Fertigation and Chemigation is segmented on the basis of Agri Input, Crop type, Application and Irrigation system. The market is dominated by fertilizers under input segmentation and by field crops when taking crop type into account. Similarly based on application and irrigation system the market leading segments are greenhouse irrigation and drip irrigation respectively.

Based on the geographical analysis of the market the region dominating the market share is Europe, which is followed by the market share of North America and Asia Pacific. In the coming years, Asia Pacific is expected to show highest growth rate among all regions.

Among various companies competing for the market share in Fertigation & Chemigation Market, the major ones include Jain Irrigation Systems Ltd., The Toro Company, Valmont Industries Inc., Lindsay Corporation, Rain Bird Corporation, Netafim, EPC Industrie Limited, Nelson Irrigation Corporation, T-L Irrigation Co, Rivulis Irrigation.

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