Fertigation and Chemigation Market Will Reach $21,434.8 Million by 2030

In 2021, the fertigation and chemigation market had a total size of $12,005.0 million, and it is predicted to hit $21,434.8 million by 2030, progressing at a rate of 6.7% from 2022 to 2030, as per a research report by a P&S Intelligence. This growth can be the attitude to the snowballing usage of manures to improve crop productivity and increase knowledge about the importance of water.

In 2021, the Drip irrigation systems category had the largest revenue share of above 70% and is projected to continue its position in the future also. This is because it is a most effective technique of fertigation because it needs a lesser amount of manpower than irrigators and other conventional irrigation approaches, which helps in lowering the overall expense of yield production.

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The vegetable category is estimated to grow at the fastest rate in the coming years. this can be credited to the heavy utilization of chemicals because they require more pesticides than fertilizers for better quality.

Horticulture had the largest revenue share in recent years and is projected to continue its dominance in the years to come. Because of the less fertilizer and labor expense, this technique is used widely for the production of vegetables and fruits.

Moreover, farming is one of the main uses of chemigation and fertigation methods, to ensure that the distribution of water and nutrients is balanced. Such techniques also help crops' best uptake of water and nutrients and result in better crop production, which boosts the growth of the chemigation market.

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In 2021, Europe had the largest revenue share of the fertigation and chemigation market at above 40% and is projected to continue its dominance in the years to come. This can be ascribed to the rising populace and its demand for a superior quality of crops and the snowballing awareness and increasing acceptance of such irrigation methods in the region.

APAC is estimated to grow at the fastest rate of above 7% in the coming years. This is mainly because of the increasing requirement for the effective use of manures, the launch of a large number of innovative farming items, and snowballing need for food due to the increasing population. Furthermore, a huge portion of the populace depends on farming, which offers opportunities for key players to attain an enormous customer base.

North America had a considerable revenue share recently and is projected to grow at a moderate pace in the future. The snowballing number of crop producers using these irrigation facilities as a result of the rising consumer awareness about enhanced technologies for agriculture is accountable for the market growth in North America.

Hence, snowballing usage of manures to improve crop productivity and increasing knowledge about the importance of water will drive the fertigation and chemigation industry in the future.

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