Fertigation and Chemigation Market Share, Size, Future Demand, and Emerging Trends
The fertigation and chemigation market will reach USD 21,434.8 million by 2030, propelling at a rate of 6.7% during the forecast period as per a report by a market research firm, P&S Intelligence.
This is credited to the rising usage of fertilizers to maximize crop production and increasing awareness about water scarcity. Also, the favorable initiatives by the government and the rising popularity of drip irrigation are driving the growth of the industry.
With over 70% share, drip irrigation systems dominated the industry, and it will remain on the top during the forecast period as well. This is the most-effective technique of fertigation as it requires less manpower, compared to sprinklers and other irrigation methods, reducing the overall cost of crop production.
Browse detailed - Fertigation and Chemigation Market Revenue Estimation and Growth Forecast Report
Europe will remain the largest industry. This is credited to the rising population and its requirement for high-quality yields and the growing awareness and budding adoption of these irrigation methods.
APAC will propel with the highest rate of more than 7%, during the forecast period. This has a lot to do with the growing requirement for effective use of fertilizers, the introduction of numerous innovative farming products, and the rising demand for food.
Due to the increasing population across the world, rising food demand, risk of water scarcity, and mounting usage of fertilizers, the fertigation and chemigation industry will continue to grow in the years to come.
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