Research Methodology on Fertigation Market
Introduction
Fertigation is the process of delivery of fertilizers, soil amendments, and other agrochemicals through irrigation systems. It is gaining popularity as a practical means of applying agricultural inputs such as nutrients, water, and waste in a precise and efficient manner. The fertigation market is expected to show significant growth in the forecast period due to the rising use of fertigation systems in greenhouses. Moreover, the cost-efficiency of fertigation systems, growing awareness among farmers, and increased investments in modern irrigation systems are expected to further drive the market.
Research Methodology
For this study, Market Research Future (MRFR) analyzes the fertigation market report utilizing a full-fledged market research methodology, both primary and secondary. Various parameters have been covered such as market segments, regional market analysis, competitive landscape, market dynamics, value chain, market drivers, challenges, and the opportunities of the global fertigation market. Historical data of 2021 and 2022, along with the forecasted data of 2023 through 2030 have been utilized for this study.
Secondary Data
For this research report, secondary data sources and databases such as Company websites, annual reports, SEC filings, investor presentations, government portals, proprietary databases, and other relevant sources have been used to understand the global fertigation market.
Primary Data
For the development and validation of the market estimates, primary research was conducted to get the opinion of industry experts and to gather the current market scenario and market trends from various organizations. The analyst has conducted telephonic interviews with industry experts from various companies in the fertigation market, such as fertigation system manufacturers, research organizations, investment banks, medium-sized fertigation systems manufacturers, product companies, fertigation system specialists, and third-party stakeholders.
Bottom-up Approach
MRFR has developed the global fertigation market report using a bottom-up approach. This approach is used to analyze the market from the perspective of different players, which ultimately helps to identify the total size of the fertigation market. Based on their activities such as R&D and products of different players in the market, the overall market size and revenues are estimated.
Top-down Approach
A top-down approach has been used for market sizing. This approach verifies the numbers that were estimated using a bottom-up approach. This was done by evaluating the market segmentation across different segments in the fertigation market based on the type, application, and region. In the top-down approach, the total fertigation market size was estimated and validated by hindering the market size of individual markets/players.
Time-Series Analysis
Time series analysis is used for analyzing the historical/time period data of the fertigation market, to understand the trajectory of the fertigation market and its future scope. This time-series analysis helps to estimate the total fertigation market size for the given forecast period.
Factor Analysis
For estimating the global fertigation market size and forecast, factor analysis has been used in the report. This analysis helps to calculate the final market size for the global fertigation market. MRFR conducted several interviews with industry experts to spot the factors, which will significantly affect the global fertigation market.
Demand Side Data Triangulation
For validating the market size, market data triangulation was done, using the get the estimated market size and forecast for the fertigation market. Both primary and secondary sources of data have been considered, to carry out the triangulation process.
Supply Side Data Triangulation
Supply-side data triangulation helps to validate the market size by corroborating the data obtained from manufacturers with the data from other stakeholder groups such as suppliers, distributors, and customers.
Conclusion
The above mentioned is the comprehensive research methodology, that was used for the research report on the global fertigation market. It outlines all the different data acquisition methods, data analysis techniques, and market methodologies that were used for studying the global fertigation market. With the help of secondary and primary data sources, MRFR was able to develop an accurate and reliable assessment of the global fertigation market along with the market forecast for 2023 to 2030.