Fertigation and Chemigation Market To Generate Revenue worth $21,434.8 Million by 2030

The global fertigation and chemigation market is projected to generate $21,434.8 million revenue in 2030, advancing at a CAGR of 6.7% between 2021 and 2030. The significant growth of the market can be attributed to the rapid increase in population, awareness regarding water scarcity, and extensive usage of fertilizers for augmenting crop production.

Additionally, the market is growing as a result of the numerous advantages of fertigation and chemigation, including minimal water wastage, a low labor demand, and the capacity to protect crops against drought.

Fertilizers Are Prime Revenue Contributors to Market

Fertilizers accounted for the largest revenue share, of around 80%, in 2021, and they are further expected to maintain their position during the forecast period. This is due to the extensive usage of fertilizers for increasing the production of vegetables, cereals, and fruits, owing to the increasing population across the globe. Moreover, the growth in the category is ascribed to the high demand for nutritional inputs, for healthy crop growth.

Additionally, insecticides are expected to grow by a significant margin during 2021–2030, due to their common usage in agricultural practices to protect crops from several types of insects. These biocidal agents can be applied through irrigation systems in lower quantities and with higher efficiency, which propels the fertigation market expansion.

Furthermore, drip irrigation systems accounted for the largest revenue share in the market in 2021, and they are further expected to dominate the market during the forecast period. This will be due to their high efficiency, cost efficiency, and ease of handling.

Geographically, APAC will witness the fastest fertigation and chemigation market size growth during the forecast period. This can be attributed to the water scarcity, need for water preservation, droughts in various parts of the region, and increasing usage of fertilizers for production augmentation. Moreover, government initiatives and subsidies have increased the adoption of fertigation and chemigation systems, by lowering production costs and encouraging global players and local organizations to invest in these techniques.

In addition, China, Japan, and India are the major revenue contributors to the regional market due to the extensive scale of farming, increasing food production demand, as well as rising population here.

Europe held the largest revenue share in 2021, and it is further expected to dominate the market during the forecast period. This can be ascribed to the rising population and surging awareness about the benefits of such techniques in the U.K., Germany, France, and Spain.

Some of the major players in the market are Valmont Industries Inc., The Toro Company, Lindsay Corporation, Rain Bird Corporation, Nelson Irrigation Corporation, T-L Irrigation Co., and Mahindra EPC Irrigation Limited.