Modernization in agricultural operations and rapidly growing adoption of organic farming and urban farming are expected to remain defining aspects in the fertigation control system market growth. As per Future Market Insights, the fertigation control system market is projected to be valued at ~US$ 1,030.4 Mn in 2021, expanding at a CAGR of ~8.0% over the forecast period of 2021-2031.
The ongoing crisis caused by the COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of supply chain networks and manufacturing activities. However, the fertigation control system market is expected to recover as economic activity resumes post the containment of pandemic through 2021 and beyond.
Increasing awareness of smart agricultural solutions in developing countries is expected to boost the market over the forecast period. Considering the growing popularity of different farming techniques, manufacturers are focused on research and development (R&D) for novel products to enhance efficiency and productivity.
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Market growth is driven by increasing demand from various sectors including greenhouse cultivation, open field farming, and agricultural research among others. Fertigation control systems are witnessing higher adoption across greenhouse farming sites.
Manufacturers of fertigation control systems are focusing on expanding their product range by investing in R&D activities which are helping them to develop and launch new products, so that they can gain a notable market share over their competitors.
Key Takeaways of Fertigation Control System Market Study
- Greenhouse applications driven by investments in organic farming and agricultural research, accounting for 50% of the global market in 2021.
- Multi-channel fertigation control systems are projected to reflect over 87% of the global market by 2031, owing to use in large scale agriculture operations.
- China will continue to hold the lead in East Asia, accounting for over 53% in 2021, owing to a vast agrarian economy in the country.
- The U.S. holds over 68% of the North America market on the back of growing investments into mechanization of agricultural processes in the region.
- The U.K. is a leader in Europe, supported by investments into agriculture research and exports.
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Competitive Landscape
The fertigation control system market is moderately consolidated, where the leading players account for approximately one fifth of the overall market share. The penetration of small regional players makes this market more competitive. Product development and geographical expansion are key strategies being implemented in the market.
Some of the key players in the market are Jain Irrigation System Ltd, Netafim, Argus Controls Systems Ltd., Commercial J. Huete, Turf Feeding Systems, Inc., Hanna Instruments, Agrowtek Inc, Spagnol srl, Novedades Agricolas S.A., Irritec s.p.A , HARVEL GREEN, Agricontrol Srl, S.I. Irrigation Systems, Neel Agrotech Pvt Ltd, Pure Hydroponics among others.
Global Fertigation Control System Market by Category
By Channel
- Multi
- Single
- Dual
By Technology
- Automated
- Manual
By End-use
- Greenhouse
- Open Field
- Research Body
- Others
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