Micro Irrigation System Market Size Worth USD 8.67 Billion with Significant Growth Rate of 12.8% CAGR from 2020 To 2024

Micro Irrigation System Market Size Worth USD 8.67 Billion with Significant Growth Rate of 12.8% CAGR from 2020 To 2024

Micro Irrigation System Market
Micro Irrigation System Market Research Report: Information by Type (Drip Irrigation and Sprinkler Irrigation), Crop Type (Plantation Crop, Field Crop, Landscape, and Others), End-Use Industry (Open Field and Closed System), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2024

Micro Irrigation System Market Scenario

The Global Micro Irrigation System Market is expected to register 12.8% CAGR from 2019 to 2024 and reach USD 8.67 billion by the end of 2024. owing to the augmenting food demand across the globe, asserts Market Research Future (MRFR). Also referred to as drip irrigation or low-volume irrigation, micro-irrigation deliver water directly to the root zone of the plant. Micro-irrigation system offers the most value, including both water savings and better control. Irrigation includes provision of water to dry the land for crop cultivation. Micro-irrigation supplies water at frequent intervals both below and above the soil surfaces in the form of spray, sprinkle, drip, mist, and jet.

Micro-irrigation Systems Market is mainly driven by increasing concern over exhausting water resources and need of efficient use of water especially in regions where water is scarce. Many local governments are encouraging farmers to implement micro-irrigation systems as a standard practice to conserve water which is also driving market growth. Reduction in rainfall due to climate change and pressure to fulfil demand of quality products is supporting the growth of market.

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Micro Irrigation System Market Drivers and Constraints Impacting

Micro-irrigation has proved to be an efficient and innovative solution compared to any other conventional irrigation practices owing to the growing concern for water scarcity. With the increasing water supply and storage problems coupled with the growing demand for food and agricultural products, the demand for micro-irrigation has stimulated during the forecast period. Micro-irrigation can also improve the productivity of vegetables by 70% with the help of greenhouse system as micro-irrigation entails regular and slow application of low-pressure water directly to the roots. Moreover, fertilizer losses are also reduced, and farmers can irrigate more crops area. The labor required for fertilizer, weeding, and irrigation is also reduced as compared to other irrigation systems. Such factors are considered to foster the market growth across the globe. 

Micro Irrigation System Market Industry Updates

December 18, 2018: Manohar Lal, Chief Minister of Haryana has recently directed the officers to prepare a scheme in order to encourage the farmers to shift from flood irrigation to micro-irrigation. He also made efforts to bring non-loanee farmers under the Pradhan Mantri Fasal Bima Yojana coverage.

Micro Irrigation System Market Competitive Dashboard

The prominent players operating the global Micro Irrigation System Market are Lindsay Corporation (U.S.), Jain irrigation systems (India), Irritec (Italy), WeishiHuifa Machinery Plant (China), Akplas (Turkey), Rivulis (Israel), Hunter Industries (U.S.), Netafim Ltd Corporate (Israel), Antelco (Australia), and The Toro Company (U.S.).

Micro Irrigation System Market Segmental Analysis

The global micro-irrigation market has been segmented based on type, material, end-user, and region.

By Mode Of Type, the global micro-irrigation market has been segmented into micro-bubblers, micro-sprayers/sprinklers, drip tubing, drippers, and others. Among these, the drip systems and micro-sprayers/sprinklers are estimated to occupy the largest market share as rise in water scarcity in major agriculture-based economies and reducing water table levels have triggered the adoption in this region.

By Mode Of Material, the global micro-irrigation market has been segmented into metal, plastic, polyethylene, and others.

By Mode Of End-Users, the global micro-irrigation market has been segmented into greenhouses, farms, residential gardens, and others. Among these, the greenhouse segment is anticipated to register a significant growth rate owing to the augmenting demand for cost and water-efficient methods for conducting agricultural activities.

Micro Irrigation System Market Regional Insights

Geographically, the micro-irrigation market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

The Asia Pacific region is estimated to experience a faster growth rate owing to the presence of major agricultural base economies such as Thailand, China, India, and Malaysia. Additionally, the growing subsidies by the government for utilization of micro irrigation systems is contributing to the market growth in this region.

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Among all the region, the North American region is considered to occupy the largest market share during the review period. The growth is attributed to the concentration of key players such as Nelson Irrigation Corporation, Lindsay Corporation, and Rain Bird Corporation who develop reliable micro-irrigation products in this region. The industry players further promote the development of mechanized and robust micro irrigation systems, which contributes to the market growth. Moreover, initiatives taken by the government such as the North America Climate Smart Agricultural Initiative has enabled the industry participants and farmers to collaborate. The need to conserve water in the U.S. has also propelled the market growth.

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