According to recent research from Future Market Insights (FMI), global sales of fertigation control systems is projected to grow at a steady compound annual growth rate (CAGR) of 8.3% over the forecast period. Currently valued at approximately USD 1.2 billion in 2023, the market is expected to reach USD 2.6 billion by 2033, as demand for efficient agricultural solutions continues to rise.
This market is expected to see significant expansion, driven by the need to boost food production while maximizing resource efficiency. Analysts anticipate substantial R&D investments as manufacturers embrace advanced technologies to support the rise of precision agriculture and smart farming.
As competition in innovation intensifies, automated fertigation control systems are set to see stronger demand than manual alternatives. Manufacturers are increasingly integrating web-based technology and IoT capabilities to offer farmers tailored recommendations on plant, soil, and weather conditions, optimizing irrigation processes.
The FMI study forecasts that the global fertigation control market will grow at a compound annual growth rate of approximately 8% between 2019 and 2029, supported by trends such as organic farming, hydroponics, living walls, and controlled environment agriculture, as well as the growing global demand for food to support an expanding population.
Manufacturers Foresee Growth Opportunities in Latin America and MEA
“With ~ 46% share in 2018, Asia will continue to maintain its lead in the fertigation control system market, as the agriculture industry in several countries in the region accounts for large percentage of their GDP,” says the study. However, Middle East & Africa is anticipated to offer lucrative opportunities for the market players, in the view of greater adoption of newer technologies and agricultural equipment to improve their crop production and reduce the dependence on food imports.
While economic conditions and limited access to technological innovations in agriculture sector in Latin America appeared to be insurmountable obstacles, the governments in the region are taking initiatives to invest in advanced agriculture solutions and technologies. The report forecasts the sales of fertigation control systems in MEA will increase ~ 8% y-o-y in 2019, while rising demand from Latin America is likely to result in increased market share.
High-tech innovations in huge climate-controlled environment for crop production and increasing greenhouse projects across the globe, to counteract the challenges in improving food productivity, will complement the rapid adoption of fertigation control systems. In 2018, fertigation control systems worth ~ USD 247 million were sold for use in open fields (farms), while application in research bodies will increase ~ 6% y-o-y in 2019, according to the FMI’s indications.
Manufacturers are focused on increasing the production of automated fertigation control systems, considering the increasing need to reduce manpower and time required in agricultural activities in line with a constant challenge boost by the lack of workforce worldwide. Furthermore, dual-channel automated fertigation control systems are likely to witness relatively high sales, owing to economical pricing and specific advantages over single- and multi-channel fertigation control systems.
The automated fertigation control systems accounted for ~70% of the total sales. An embrace of R&D and innovations are forthcoming for ‘solar-powered’ automated fertigation control systems that will work in tandem with growing global efforts to reduce the consumption of limited resources.
Major Contributors of the Fertigation control system Market are
- Jain Irrigation System Ltd
- Netafim
- Irritec
- Novedades Agricolas S.A.
- HARVEL
- Spagnol srl
- Argus Controls Systems Ltd.
- J. Huete
- S.I. Irrigation Systems
- Agricontrol Balbo Snc and Dry
- Powerplants
- Neel Agrotech Pvt Ltd
- Turf Feeding Systems, Inc
- Hanna Instruments
- Agrowtek Inc
- Autogrow
- Pure Hydroponics
- Climate Control Systems Inc
- Param Greenhouses
Key Segments
By Channel:
- Multi
- Single
- Dual
By Technology:
- Automated
- Manual
By End-use:
- Greenhouse
- Open Field
- Research Body
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/fertigation-control-system-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
