Fertigation Control System - Marching into an Era of ‘Smart Farming’
A massive wave of technology continues to impact a number of industries, and it is rapidly reaching one of the most traditional industries – agriculture. Although the farming sector has remained largely unaffected by the technological revolution, it is ready for a paradigm shift as world’s rising demand for food couples with newer opportunities. The world’s food system is desperate for an overhaul, as the two significant demand drivers – population and income – are on the rise. An increase in population has also resulted in scarcity of arable land and depletion of water & related resources, potentially raising the need for a profound change in the farming industry. High-tech innovations, such as precision farming, driverless tractors, seeds genetically altered to require less water, and produce growing in huge climate-controlled warehouses are making, or about to, make farms smarter, more productive, and highly efficient.
With the leap from prototype to commercial operation of new agricultural machines, farming operations are becoming more sophisticated. As environmental regulations continue to get stricter and consumer concern over the use of agrochemicals increases, the developments in precision farming in general, and ‘Fertigation Control System Market’ in particular, warrant an in-depth understanding and unbiased analysis.
Fertigation Control System Market - Key Research Findings
- The global Fertigation Control System market size is expected to reach ~US$ 710 Mn by 2019 end.
- The Fertigation Control System market is anticipated to grow at a CAGR of ~8% during the forecast period of 2019-2029.
- Increase in demand of nutrient management for higher productivity of agricultural crops have been recently driving the sales of Fertigation Control System.
- Collectively, South Asia, North America and East Asia are likely to account for half of the revenue shares in the Fertigation Control System industry by the end of 2029.
- East Asia, owing to the strong presence Fertigation Control System manufacturers, is expected to continue to be a prominent regional market for Fertigation Control System.
- The Greenhouse segment is expected to remain a key consumer orientation area to invest in for Fertigation Control System market players.
- The Organic Farming has witnessed significant growth over the recent past, because of increasing demand to maximize productivity.
Key Factors Shaping the Fertigation Control System Market
Increasing demand to maximise food productivity
Fertigation Control System has various advantages as we can set the nutrient need of crops to maximise their growth. We can take an example, many players are offering Fertigation Control System which can regulate dosing of chemicals to maintain the required pH value and other parameters of soils which are essential for the growth of the plant. Also with the help of Fertigation Control System, dosing of nutrient in irrigation water to maintain the diluted nutrient solution is possible. As Fertigation Control System reduces the manpower required, volume of nutrient and amount of dosing required, it is cost effective solution.
Boosting adoption of organic farming
The food products produced organically are largely accepted across the globe, in which farmers are using various irrigation techniques with fertigation system as per nutrient management plan. Moreover, the required nutrient in irrigation water estimated to enhance overall organic food production, which is witnessing the market growth of fertigation control system.
Fertigation Control System Market Structure Analysis
- The global Fertigation Control System market constitute a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships, therefore targeting a stronger global footprint.
- The Fertigation Control System market is of dynamic competitive nature because of its moderate size.
- Leading manufacturers of Fertigation Control System are currently focusing on R&D and new product launches to resonate with the booming consumption of products in South Asia and East Asia.
- Portfolio extension has been identified as one of the key development strategies adopted by the manufacturers of Fertigation Control System.
- Manufacturers of Fertigation Control System will continue to believe on strategies like mergers and acquisitions for their stronger foothold in market.
- Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are likely to create a bottleneck for prominent players who are looking forward to capitalise on the untapped opportunities in the Fertigation Control System market.
Increasing Need to Maximize Food Production
Today’s crops crisscross the globe, and the challenge of increasing the food production to feed the growing population – with less and less land – has become a global concern. In consequence, scientists are hard at work initiating a new revolution, and farmers are rapidly turning into new technologies to evolve their standard practices and benefit from the improve outcomes. Fertigation control system, used to deliver plant nutrients and water to produce crop quality and higher yields, continues to garner significant traction for its specific advantages over broadcast and band fertilization. Continual innovative transformations in fertigation control systems have to led to widespread of automation increased scope of application in many areas.
As the need for efficient farm management systems is on the rise, manufacturers are focusing on incorporating newer technologies such as Internet of Things (IoT) in their products. Apart from the technological revolution, the emergence of ‘organic farming’ has brought significant transformation in the agriculture sector, and the result is likely to lead to increased demand for fertigation control systems. However, the high price tag of the system and lack of awareness among farmers, especially in low- and mid-income countries continue to represent a threat to the stakeholders.
Where the Fertigation Control System Market is Taking Off?
The trend of ‘smart farming’ is not only pertinent in developed countries, developing countries are also realizing its immense importance. Asia Pacific remains in the vanguard of fertigation control system market, owing to increasing adoption of agricultural technologies through favorable government schemes and robust funds from financial institutions. The emergence of highly populous countries, China and India, as the world’s largest food producers and consumers have also led to realignment of stakeholders’ strategies. Greater acceptance and awareness of new technologies will complement the market to flourish in North America and Europe. High growth opportunities are expected in Latin America and MEA, due to growing adoption of improved technology and better management system to boost crop production and reduce the dependence on food imports.
Winning Growth Models of the Market Players
Realizing the advantages of smart farming and its massive impact on the agricultural economy, the governments of several countries are taking initiatives to promote precision farming techniques in line with wide-scale deployments of smartphones and IoT systems. The expansion of fertigation control system market will continue to weigh on the same scale as rapid adoption of precision agriculture solutions. Apart from upgrading their products to enhance efficiency and productivity, manufacturers are focusing on improving their services to capitalize on a wide range of applications including hydroponics, commercial potted plant producers, living walls, and high-tech growing facilities. In addition, rapid growth in number of agricultural and greenhouse projects worldwide will continue to work to the advantage of manufacturers.
Considering the growing popularity of precision farming techniques, manufacturers are placing their bets on advanced solutions that can help farmers grow more food with less resources. For instance, in 2018, Netafim introduced a digital irrigation solution, ‘NetBeat’, which provides farmers with real-time recommendations based on data related to plant, soil, and weather conditions to personalize their irrigation programs.
Dual channel remains highly preferred
Demand for single channel increases rapidly
Automated systems take the lead
Manual systems to witness slow adoption
Use in greenhouses to witness high growth
Adoption in open field to gather pace
How Growth will Unfold
In recent years, the trend of ‘customization’ has been impacting the growth of fertigation control system market. Greater adoption of controlled environment agriculture (CEA), vertical farming, indoor urbanized farming, and hydroponic growing methods have provided high opportunities for market players to offer customized services and solutions. Between today’s labor shortages and ever-increasing demand for food, farmers are constantly seeking out technology to predict and prevent threats to millions of acres of crops across the globe. Innovations in agriculture solutions such as fertigation control systems will not only help manufacturers lift their profit pools but also help propagate the growth of farming crops.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Fertigation Control System Market Analysis 2019-2029
A recent market study published by FMI on the fertigation control system market includes a global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the fertigation control system market, the growth prospects of the market are obtained with maximum precision.
Fertigation Control System Market Taxonomy
The global fertigation control system market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Channel Type
- Single Channel
- Dual Channel
By Technology Type
- Automated fertigation control system
- Manual Fertigation System
By End Use
- Open Field (Farm)
- Research Body
- North America
- Latin America
- South Asia
- East Asia
The report starts with the executive summary of the fertigation control system market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the fertigation control system market.
Readers can find the definition and a detailed taxonomy of the fertigation control system market in this chapter, which will help them understand the basic information about the fertigation control system market. Along with this, comprehensive information pertaining to fertigation control system and their properties are provided in this section. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the fertigation control system market report.
The fertigation control system market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the fertigation control system market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical fertigation control system market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the fertigation control system market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the fertigation control system market between the forecast periods of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Fertigation Control System market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast factors, agriculture industry outlook, for the fertigation control system market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on the channel type, the fertigation control system market is segmented into multi-channel, single channel, and dual channel. In this chapter, readers can find information about the key trends and developments in the fertigation control system market and market attractiveness analysis based on the channel type.
This chapter provides details about the fertigation control system market is classified into automated fertigation control system and manual Fertigation system.
Based on the end use, the fertigation control system market is segmented into greenhouses, open field (farm), research body, and others. In this chapter, readers can find information about the key trends and developments in the fertigation control system market and market attractiveness analysis based on the end use.
This chapter explains how the Fertigation Control System market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Fertigation Control System market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the Channel Type and countries in North America.
This chapter provides the growth scenario of the Fertigation Control System market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, the assessment of the market across target segments has been provided.
Important growth prospects of the Fertigation Control System market based on its end users in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe, are included in this chapter.
In this chapter, India, Thailand, Indonesia, Malaysia, and Rest of South Asia are the prominent countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia Fertigation Control System market. Readers can find detailed information about the growth parameters of the South Asia Fertigation Control System market during the forecast period of 2019-2029.
This chapter highlights the growth of the Fertigation Control System market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the Fertigation Control System market in East Asia.
This chapter highlights the growth of the Fertigation Control System market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the Fertigation Control System market in Oceania.
This chapter provides information about how the Fertigation Control System market will grow in major countries in the MEA region such as Northern Africa, GCC Countries, South Africa, Israel, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights the growth prospects of the Fertigation Control System market for emerging markets such as Turkey and Indonesia.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the Fertigation Control System market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the Fertigation Control System market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Jain Irrigation System Ltd, netafim, Irritec, Novedades Agricolas S.A., HARVEL, Argus Controls Systems Ltd., J. Huete, and Agricontrol Balbo Snc.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the fertigation control system market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the fertigation control system market.
How the research was conducted?
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- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
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- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
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Primary Interview Splits