Fertigation is the technique used to provide additional nutrients and fertilizers to plants and also to check nutrient deficiencies. Fertigation monitoring involves various types of testing such as soil and water testing in order to check the level of naturally occurring nutrients in the soil and also the amount of nutrients added through fertigation. Fertigation monitoring is the technique used to increase the productivity of plant, which in turn helps to reduce the cost associated with it.
Fertigation Monitoring Market Segmentation
Global Fertigation monitoring market is segmented on the basis of nutrients, analysis, fertigation devices and region. Based on the nutrients segmentation includes Nitrogen, Phosphorous, Potassium and others. Of which nitrogen is expected to be the dominating segment, followed by phosphorous and potassium. Among all the segments nitrogen is expected to contribute maximum revenue over the forecast period. However phosphorous and potassium is expected to witness significant growth in the next four to five years as it accelerates the growth of the plant and its deficiency leads to the stunted growth. Based on the analysis, fertigation monitoring market is segmented into plant tissue testing and soil testing. Plant tissue testing analysis identifies the concentration of elements, and guides decision making about the use of fertilizers. Plant tissue testing measures the various nutrients such as nitrogen, calcium, phosphorous, calcium, sulphur, magnesium, sulphur, chlorine, sodium, manganese, zinc, and boron. However, soil testing examines the texture, organic matter, exchangeable cations and anions, CIC, calcium carbonate, pH and electrical conductivity in addition to nutrients such as phosphorous and potassium. Among all the segments of the global fertigation market, soil testing is the dominating segment which is expected to contribute highest market share during the forecast period as it measures various additional properties in addition to the plant tissue testing. On the basis of the fertigation devices used for fertigation monitoring, market is segmented into pressure devices, dosing unit systems and hydraulic systems. Among all the fertigation monitoring devices dosing unit systems is expected to contribute maximum revenue followed by other segments during the forecast period. Based on the region global fertigation monitoring market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.
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Fertigation Monitoring Market: Region-wise Outlook
The global fertigation monitoring market is expected to witness robust growth over the forecast period due to the increasing population coupled with rising per capita consumption. Globally, among all regions, Asia Pacific is expected to contribute highest market share followed by North America and Europe due to the comparatively large agricultural produce in Asia Pacific. Asia Pacific is expected to contribute maximum revenue in the next four to five years followed by other regions
Fertigation Monitoring Market: Drivers
Fertigation monitoring market is expected to show significant growth in the next four to five years. The fertigation monitoring market growth is increasing owing to the rising demand from fertigation application coupled with the rising demand for healthier yield due to the increasing population. However, various factors that hinder the growth of the fertigation monitoring market is the adverse environmental influences of over fertilization which includes contamination of ground water and instabilities in ecological balances
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Fertigation Monitoring Market: Key Players
Key players operating in the Fertigation monitoring market includes LaMotte Company, Soilmoisture Equipment Corp., Advantech Manufacturing, Inc., Helander Metal Spinning Co., Humboldt Mfg. Co. Companies manufacturing Fertigation monitoring devices are primarily launching various types of devices in order to cater to the rising need of the monitoring devices due to the rising issues related to the lack of the nutrients in the plant.