The North American fertigation and chemigation market is expected to reach USD 18.78 billion in 2024 and reach USD 25.26 billion by 2029, growing at a CAGR of 6.11% from 2024 to 2029.
The Fertigation & Chemigation market is showcasing great potential in the forecasting period. The market continues to gain momentum as a result of the high demand in most regions across the globe and also because of the intensive market opportunities. Different 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 gained interest due to the high crop productivity, rising water scarcity, and less labour intensive. It basically includes various kinds of irrigation techniques such as sprinkler irrigation and drip irrigation. Fertigation and Chemigation techniques are usually used in improving crop yield and having better quality of crop.
The increasing population and their demand for better quality and quantity of crops have led the market to exhibit significant growth lately. Other key factors driving the market are high efficiency of nutrient utilization, better growth, yield & quality of crops, and minimal nutrient leaching losses. Apart from these factors, the market faces few restraints as well. Some of the major ones are high initial investments and critical nutrient application doses. The market has also faced the challenge of improving its efficiency. These factors have been hindering the growth of the market over the years.
In the respective segmentations, the categories dominating the market share are fertilizers, field crops, greenhouse irrigation, and drip irrigation.
On the basis of geographical analysis, the North American market is segmented under various regions, namely the United States and Canada.
Some of the major companies dominating the market, by their products and services, include The Toro Company, Netafim, Jain Irrigation Systems Ltd., Rivulis Irrigation, Lindsay Corporation, Rain Bird Corporation, Valmont Industries Inc., EPC Industrie Limited, Nelson Irrigation Corporation, T-L Irrigation Co.
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