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The fertigation and chemigation market size is forecast to increase by USD 20.5 million, at a CAGR of 8.1% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Micro-irrigation systems, specifically drip irrigation, play a crucial role in enhancing agricultural productivity, particularly in vegetable and fruit production. Drip irrigation, also known as trickle irrigation, is an efficient water delivery system that minimizes water runoff and evaporation. This system comprises a network of pipes, tubing, valves, emitters, and other accessories. In inline drip irrigation systems, drip emitters are integrated directly into the tubing at consistent intervals. The drip lines in these systems are manufactured with specific intervals and flow rates to cater to the unique requirements of growers. The cylindrical drippers in these systems are arranged parallelly within the pipe.
The implementation of drip irrigation systems significantly improves water use efficiency, especially in sandy soils. Vegetable and fruit production in irrigated areas benefits from the consistent water supply, leading to improved crop quality and higher yields. However, it is essential to consider the proper installation and maintenance of these systems to prevent nutrient losses and ensure optimal performance. In conclusion, micro-irrigation systems, particularly drip irrigation, are indispensable tools for enhancing agricultural productivity, especially in vegetable and fruit production. Inline drip irrigation systems offer customized water delivery and improved water use efficiency, making them a popular choice for growers.
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The drip segment was valued at USD 21.40 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European Union (EU) agricultural workforce is experiencing a consistent decline, leading to a heightened demand for automation and mechanization in farming processes, particularly irrigation. Drip irrigation systems, which incorporate both sprinklers and drippers, offer scheduled watering in fields and reduce farmers' reliance on laborers. Consequently, the demand for these irrigation systems is poised to fuel the expansion of the market in Europe throughout the forecast period. In response to recurring droughts in the EU, there is a growing preference for water-efficient irrigation systems, such as drip irrigation. Notable providers of these systems in Europe include Netafim Ltd. The use of these irrigation systems in horticulture, vegetable, and fruit cultivation, as well as in greenhouses, not only enhances crop yield but also ensures fertilizer efficiency and minimizes soil erosion.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
High adoption of precision irrigation is the key driver of the market.
Growing preference for drip irrigation systems with improved features is the upcoming trend in the market.
High initial cost and maintenance cost is a key challenge affecting market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market plays a crucial role in enhancing agricultural productivity by ensuring optimal nutrient delivery to crops. With the increasing water scarcity, the adoption of micro-irrigation systems like drip irrigation and subsurface drip irrigation has gained popularity due to their high water use efficiency. These systems enable precise nutrient application, reducing nutrient leaching and enhancing nutrient utilization. Crop productivity is significantly impacted by the availability of essential nutrients. Fertigation and chemigation help address nutrient deficiencies in sandy soil, ensuring high crop yield in vegetable, fruit, and horticulture production. Financial savings are achieved through efficient nutrient distribution and reduced application of fertilizers, insecticides, fungicides, and herbicides.
Sustainable irrigation practices, including recycling and water replenishment, are essential to combat climate change and groundwater exploitation. Agricultural irrigation, landscape irrigation, and greenhouse irrigation all benefit from these techniques, contributing to improved nutrient uptake and crop yield. Micro-irrigation systems, including bubbler systems and micro-sprinkler systems, offer efficient water application and contribute to drought protection in commercial agriculture. These systems also minimize soil erosion and nutrient losses, ensuring sustainable agricultural practices. In conclusion, the market is a vital component of modern agricultural practices, addressing nutrient deficiencies, enhancing crop quality, and promoting financial savings through efficient nutrient distribution and water use.
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Market Scope |
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Report Coverage |
Details |
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Page number |
134 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
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Market Growth 2024-2028 |
USD 20.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.9 |
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Key countries |
US, Germany, China, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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