Fertigation Monitoring Systems Market Outlook (2022 to 2032)
The Fertigation Monitoring Systems market is valued at USD 39.6 Billion in 2022 and is projected to grow at a CAGR of 4.4% during the forecast period, to reach a value of USD 61.0 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global Fertigation Monitoring Systems demand is projected to grow year-on-year (Y-o-Y) growth of 3.2% in 2022.
Attributes
Details
Market Size Value in 2022
USD 39.6 Billion
Market Forecast Value in 2032
USD 61.0 Billion
Global Growth Rate (2022 to 2032)
4.4% CAGR
Forecast Period
2022 to 2032
Collective Value Share: Top 3 Countries (2021A)
38.4%
Fertigation is a common farming technique. By performing both irrigation and fertilizing at once with the fertigation process, producers can save time, resources, and labor. Variable rate fertilizer (VRF) applications can be targeted thanks to revolutionary satellite-based software and customized modern fertigation devices. Drip fertigation, which decreases inputs and provides nutrients to the root zone, is the most effective technique. Due to the availability of both large- and small-scale fertigation systems with manual or completely automated control, the technique can be used by farms of any size.
Additionally, producers are constantly creating fertigation monitoring methods to reduce nutrient losses and meet crop requirements. Consequently, the objective should be optimized to precisely estimate soil nutrient availability, crop nutrient requirements, and nutrient delivery to coincide with crop development.
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2017 to 2021 Fertigation Monitoring Systems Market Outlook Compared to 2022 to 2032 Forecast
The market grew with a CAGR of 3.2% between 2017 and 21 as growers and agricultural groups are concentrating on regulating nutrient management to boost crop productivity. By examining the soil, plants, irrigation system, etc., fertigation monitoring services are giving them options to enhance the fertigation system. Additionally, fertigation systems are being adopted by farmers and other agricultural stakeholders since they save nutrients and cut down on labor. The market for remote fertigation monitoring services is being driven by these considerations.
Growing Nutrient Leaching Rates to Drive Up Fertigation Monitoring Market
Manufacturers are implementing fertigation monitoring systems to improve soil nutrient concentration, improving yield and crop growth until a minimal concentration of the optimal nutrient in the root zone is achieved. Low soil nutrient concentration limits yield and plant growth.
A cost-benefit analysis of fertigation monitoring also takes into account economic factors and environmental expenses related to inadequate water management and nutrient deficiencies.
By overcoming the losses in crop and livestock output when trying to meet rising agricultural demand with current farming practices, climate change is now playing a significant role in the formulation of fertigation monitoring techniques.
Additionally, investments in and advancements in agricultural technology are raising productivity and output. Agricultural output is significantly impacted by food losses and waste, therefore reducing these would reduce the demand for production increases.
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Country-wise Insights
USA to Uplift Demand for Fertigation Monitoring Systems
The North American market is anticipated to dominate the worldwide target market in terms of sales. The USA is the largest market for fertigation monitoring techniques, and producers are producing high-quality nutrients for a variety of agricultural uses.
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.
India and China to fuel the Market Growth
In Asian countries, the market for fertigation monitoring systems has also expanded, and it seems very promising for future expansion. Expansion in China, Japan, and India is being encouraged by several factors, including high growth in the agriculture industry and the expanding agriculture business. It is expected that India and China will each hold the greatest market value share in South and East Asia.
Market Outlook for Fertigation Monitoring Systems in Europe
According to estimates, the European fertigation monitoring industry will expand gradually. European nations adopted effective irrigation systems, technologies, and procedures to maximize water usage efficiency in response to increasing competition for scarce water resources. As a result, the market for fertigation monitoring is seeing an increase in demand.
It is anticipated that the market for fertigation monitoring systems would expand quickly during the forecast period, propelled by significant expenditures made by industry participants in response to rising consumer demand for healthier yields and ecological balances.
Competitive Landscape
A majority of market players are concentrating on strategic alliances in the moderately consolidated competitive environment that exists in the fertigation control system market. Leading producers of fertigation control systems are currently focusing on Research and Development initiatives and the introduction of new products to keep up with the region's growing product consumption.
For Instance- The University of Cordoba announced the release of the Reutivar App, a new mobile app that will calculate and regulate the amount of water and fertilizer in irrigation systems, in June 2020.
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Scope of Report
Attribute
Details
Market Size Value in 2022
USD 39.6 Billion
Market Forecast Value in 2032
USD 61.0 Billion
Global Growth Rate
4.4% CAGR
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
MT for Volume and USD Billion for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA
Key Countries Covered
United States of America, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others
