The Middle East and Africa fertigation and chemigation market is expected to reach USD 6.23 billion in 2024 and USD 8.57 billion by 2029, growing at a CAGR of 6.57% from 2024 to 2029.
The fertigation & chemigation market is forecasted to show evident potential in the mentioned period. The market continues to build momentum with the rise in demand in most of the regions around the globe and also as a result of the intensive market opportunities. Various companies in the agricultural industry have recently been taking an interest in the fertigation and chemigation market, and the trend is expected to follow.
The fertigation and chemigation market has shown popularity as a result of the high crop productivity, rising water scarcity, and less labor intensive. It basically involves various types of irrigation techniques like sprinkler irrigation and drip irrigation. Fertigation and chemigation techniques are generally used to improve the quality of the crops and their yield.
The rising population with their demand for better quality and quantity of crops has led the `market to show huge growth lately. Other important factors responsible for driving the market include high efficiency of nutrient utilization, better growth, yield & quality of crops, and minimal nutrient leaching losses. Apart from these factors, the market has also faced few restraints. Some of the key ones include high initial investments and critical nutrient application doses. The market also faced a challenge of improvement in efficiency. These factors have been hindering the growth of the market over the years.
In their respective segmentation, the segments leading the market shares are fertilizers, field crops, greenhouse irrigation, and drip irrigation.
Some of the major companies dominating the market, by their products and services, include Jain Irrigation Systems Ltd., The Toro Company, Lindsay Corporation, Rain Bird Corporation, Valmont Industries Inc., EPC Industrie Limited, Nelson Irrigation Corporation, Netafim, T-L Irrigation Co, Rivulis Irrigation.
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