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Pharmacy benefit management market
FERTIGATION CONTROL SYSTEM MARKET REPORT OVERVIEW
The global fertigation control system market size was USD 43,339 million in 2021 and is expected to reach USD 67477.15 million in 2031, exhibiting a CAGR of 4.5% during the forecast period. In the market study, our analysts have considered generative AI players such as
The system that regulates the injection of fertilizers, which are used to alter water, soil, and other water-soluble items into an irrigation system, is known as the fertigation control system. This technology aids in controlling the distribution of water among farms, which increases demand for the fertigation control system market. A growing number of people are turning to this technique because of its high crop yield and affordability. The method is employed for a variety of advantages, including reducing losses, improving fertilizer use efficiency, enhancing plant development, and enhancing plant quality.
The government's emphasis on utilizing water resources and the growing global water shortage. These elements are anticipated to fuel the fertigation control system market growth. The necessity for the product is also being increased by the growing demand for high-quality food products. Additionally, because this system requires less work, demand for fertigation control systems is increasing. The market is expanding as a result of the agriculture industry's increasing use of technology.
COVID-19 Impact: Lockdown Restrictions to Impede Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with the fertigation control systems experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the fertigation control system market growth and demand returning to pre-pandemic levels once the pandemic is over.
Fertigation and chemigation organizations have trouble getting equipment, inputs, and maintenance while being recognized as important services during lockdowns in many nations. Additionally, they experienced severe financial strain due to higher expenses and lower earnings from both tariffs and state transfers. The global economic and social systems have been severely damaged by the COVID-19 epidemic. The disease has infiltrated the value and supply chains of numerous businesses, including the market for fertigation control systems. This would support the development of business plans for all market participants both during and after the outbreak, including producers, vendors, suppliers, distributors, and end-users. Lockdowns were implemented by the authorities in several places.
LATEST TRENDS
"Increasing Adoption of Cloud-Based Technology to Foster Market Growth"
The fertigation control system market is expanding due to the growing popularity of irrigation systems, which is a result of the continual drive for high crop yield and the widespread water scarcity caused by the growing worldwide population. The method, which makes use of drip and sprinkler irrigation to enhance crop quality, is less labor-intensive. The advantages of using fertigation and chemigation procedures, such as their high nutrient usage efficiency, low nutrient leaching losses, and improved crop development, yield, and quality, are what is driving the market. The secret to good fertigation and chemigation is uniform application.
FERTIGATION CONTROL SYSTEM MARKET SEGMENTATION
- By Type Analysis
By type, the market is segmented into Automated Fertigation Control Systems and Manual Fertigation Systems.
- By Application Analysis
Based on applications, the market is classified into Greenhouses, Farm, Research Body, and Others.
DRIVING FACTORS
"Increasing Adoption in Plantation to Foster Market Growth"
The fertilization control system has a number of assistances, one of which is the ability to adapt crop nutrient needs to maximize growth. As an illustration, many vendors offer fertigation management systems that can control chemical dosing to retain optimum pH levels and other soil elements that are crucial for plant growth. With the fertigation control systems, it is also possible to dose nutrients into irrigation water to maintain a diluted nutrient solution. A cost-effective approach for lowering labor, nutrient amount, and dosage requirements is the use of fertigation control systems. The growth of the market for fertigation control systems has been impacted recently by the "customization" trend. Vertical farming, indoor urbanized farming, controlled environment agriculture (CEA), and hydroponic growing techniques have all seen increases in popularity, enabling fertigation control system market players to provide more specialized services and products.
"Long-Term Benefits of Fertigation to Promote Growth"
Fertigation is a technique for applying fertilizer in which the nutrients are infused into irrigation water and delivered via a drip system. Micro-irrigation and fertilization have the potential to manage nutrients specifically in addition to water. A key advantage of fertigation over traditional broadcast treatments is that it offers more flexibility and control over the applied nutrients. Fertilizers are used sparingly and only when necessary. Fertilizer solution is dispersed during fertigation via the irrigation system. The extremely high availability of nutrients boosts this method's effectiveness. This method uses both liquid and water-soluble fertilizers, and because the nutrients are provided close to the active root zone, their effectiveness rises by 80 to 90 percent.
RESTRAINING FACTORS
"High Initial Cost to Impede Market Progress"
The major obstacles to market expansion is the primary setting up cost related to the fertigation control systems. Experts are also necessary for the system's installation and effective operation. Therefore, technical support should be sought to accomplish desired results. Additionally, metal parts of the system are constantly corroded by fertilizers in tanks. Use of corrosion-resistant materials, particularly in fertilizer tanks and other equipment that comes into contact with fertilizer, can eliminate this issue.
FERTIGATION CONTROL SYSTEM MARKET REGIONAL INSIGHTS
"Increasing Population to Foster Market Growth in Europe"
Europe is projected to dominate the fertigation control system market share. The market is being driven by the region's growing population and its need for commodities of a higher grade. Fertigation and chemigation enable low nutrient losses due to leaching, high nutrient usage efficiency, and higher crop development, quality, and yield. Since a great deal of research is actively being done in various nations, including the U.K., France, Spain, and Germany, there is a great deal of awareness about the advantages of employing these methodologies. A reasonably developed agricultural sector has deployed Eurofertigation control systems all over the nation.
North America is anticipated to have a sizable market share. Automatic fertigation control systems are expanding in popularity on the American market. A favorable atmosphere for long-term growth is being created in the country by new trends in the fertigation management applications of irrigated vegetable crops. Furthermore, major businesses are spending an increasing amount of money to update infrastructure and facilities with the newest environmental control technology, including advanced fertigation monitoring systems.
KEY INDUSTRY PLAYERS
"Incorporation of Strategies for Increasing Product Adoption to Help Companies Grow"
The market for fertigation control systems is highly concentrated, with a small number of companies controlling a sizable portion of it. In addition to other operations, the market is defined by mergers and acquisitions, collaborations, product launches, and research and development. With the growing demand for fertigation control systems in the global market, market participants in this sector are projected to benefit from lucrative growth prospects in the future. The list of a few businesses active in the market for fertigation control systems is provided below.
LIST OF TOP FERTIGATION CONTROL SYSTEM COMPANIES
- Jain Irrigation System (India)
- Netafirm (Israel)
- Irritec (U.S.)
- Novedades Agricolas (Spain)
- HARVEL (India)
- Argus Controls Systems (Canada)
- J. Huete (Spain)
- Agricontrol Balbo Snc (Italy)
Industry Development
- June 2020: Reutivar App, a new mobile application from the University of Cordoba, has been released to calculate and manage the water and fertilizer contents of irrigation systems.
REPORT COVERAGE
The research examines the most recent developments and the most profitable categories. It goes through the influence of COVID-19, the driving and restraining elements in detail. It keeps track of the important players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 43339 Million in 2021 |
Market Size Value By |
US$ 67477.15 Million by 2031 |
Growth Rate |
CAGR of 4.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
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What value is the fertigation control system market expected to touch by 2031?
The fertigation control system market is expected to reach USD 67477.15 million by 2031.
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What CAGR is the fertigation control system market expected to exhibit by 2031?
The fertigation control system market exhibits a CAGR of 4.5% during the forecast period.
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Which are the driving factors of the fertigation control system market?
Increasing adoption in various applications and long-term benefits of ITSM are the driving factors of this fertigation control system market.
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Which are the top companies operating in the fertigation control system market?
Jain Irrigation System, Netafirm, Irritec, Novedades Agricolas, HARVEL, Argus Controls Systems, J. Huete, Agricontrol Balbo Snc are the top companies operating in the fertigation control system market.