The global crop nutrient management market is estimated to register growth at a robust CAGR during the forecast period 2022-2032. Rising government emphasis on the increasing the yield and crop quality across the agriculture industry and growing penetration of digitalization technologies in farming is expected to create lucrative opportunities for growth in the crop nutrient management market.
Crop nutrient management is a set of practices designed to link crop, weather, soil, and hydrologic factors with irrigation, water & soil conservation practices, others to enhance crop quality, crop yields, and achieve optimal nutrient use efficiency. It includes practices that are carried out to improve agriculture productivity while protecting the environment. The primary principle of crop nutrient management is to balance the water and soil nutrient inputs as per crop requirements.
Guidelines for crop nutrient management are directed to estimate and measure number of nutrients absorbed by a crop and the type of nutrients, such as nitrogen, phosphorus, and potassium, mandatory for specific fruits, vegetables, pulses, cereals, and others. These calculations commonly require plant and soil tests to identify the quantity and quality of nutrients accurately.
Crop nutrient management is a scientific approach that anticipates and connects traditional farming practices with chemicals, physical, and environmental aspects of the agricultural system. The main objective of these crop nutrient management practices is to optimize the proficient use of both available as well as added nutrients along with declining their impact on surrounding ecosystems.
Driven by its ability to enhance the overall quality and quantity of crops along with minimizing the effect on the environment, crop nutrient management solutions are finding a wide range of usage among modern farmers, greenhouses, and others. In addition to this, growing environmental concerns and increasing adoption of innovative farming technologies are projected to further augment the demand for crop nutrient management solutions.
Due to the growing water pollution and degrading quality of water, there is a substantial rise in focus on protecting and enhancing water quality across the world. Several end user are increasingly adopting crop nutrient management solutions to prevent the overuse of fertilizers and nutrients for protecting the water quality and declining their impact on soil. Thus, growing emphasis on maintaining the water & soil quality and keeping the environment clean is accelerating the sales of crop nutrient management solutions in the global market.
Growing population, surging demand for food & beverages products, and rising awareness about the impact of excess nutrients (fertilizers) use across the globe are some of the factors encouraging the adoption of crop nutrient management solutions. Furthermore, with rising demand for quality crops and increasing environmental concerns, government and environmental protection organizations are aiming at undertaking numerous favorable initiatives, resulting in fueling demand for management solutions.
For instance, organizations such as the California Department of Food and Agriculture (CDFA) are creating a novel Fertilizer Research and Education Program (FREP) database to provide California Certified Crop Advisors (CCAs) and others with prominent crop management practice tools. Such development and initiatives are estimated to favor the growth in the global market.
Though demand for crop nutrient management is registering robust growth in the developed economies favored by the availability of advanced technologies, fewer numbers of service providers and solution centers across certain developing and underdeveloped countries are hampering the growth in the global market.
In addition to this, less awareness about these management solutions and high cost of technologies required for associated practices, such as soil nutrient assessment is hinder the sales of crop nutrient management in the market.
Future Market Insights reveals that North America is projected to exhibit the fastest growth in the global crop nutrient management market between 2022 and 2032.
Demand for increasing agriculture productivity continues to grow along with growing concerns regarding environmental sustainability. Thus, a number of industry players are extensively making use of crop nutrient management for determining the nutrients present in the soil and protecting water quality.
As these solutions assists in declining the overall cost by identifying the amount of fertilizers to be added to meet the requirements of crops and improving the soil quality by preventing the usage of excess fertilizer, crop nutrient management solutions are gaining huge traction among farmers and greenhouses. This is expected to augment the demand for crop nutrient management solutions across the North America market.
As per FMI Asia Pacific excluding Japan is estimated to account for a significant share in the global crop nutrient management market during the forecast period 2022-2032.
The quality of soil and water is constantly degrading across agricultural lands due to the years of excessive use of pesticides, fertilizers, sprays, and others. To prevent this practice from continuing, governments in several countries are aiming at introducing novel regulations to improve the water and soil quality along with increasing crop yield and crop quality.
For instance, in 2022, the Ministry of Chemicals & Fertilizers of India announced implementing a set of new regulations under the Integrated Plant Nutrition Management Act, 2022, to promote the development and sustainable use of balanced fertilizers including organic fertilizers, bio-stimulates, and bio-fertilizers among others. A multiplicity of such developments in countries such as China, Australia, and others is anticipated to accelerate the sales of crop nutrient management across Asia Pacific excluding Japan market.
Some of the leading players in the crop nutrient management market are UMass Amherst, SMART Fertilizer Management, Swarm Hub and Colorado Ag Water Quality.
Leading players are aiming at launching innovative in crop nutrient management tools and expanding their service centers to strengthen their footprint in the global market.
| Report Attribute | Details |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the sales of crop nutrient management in the market is expected to rise at robust value CAGR by 2032
The global crop nutrient management is expected to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.
UMass Amherst, SMART Fertilizer Management, Swarm Hub and Colorado Ag Water Quality some of the leading players in the prominent crop nutrient management market.
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Crop Nutrient Management Market
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