Micro Irrigation System Market Analysis
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. states the latest Market Research Future (MRFR) report. Micro-irrigation systems, simply put, are irrigation techniques that apply water through dripping or sprinkling. It is the most water-efficient method used for irrigation. This technique has revolutionized the method of crop irrigation that is highly accepted as well as implemented across different countries. Drip tubing, drippers, micro-bubblers, micro-sprayers/sprinklers are the different types of micro-irrigation systems. These irrigation systems are highly favored over traditional irrigation systems for the plentiful benefits that it offers, such as saves water, increases yield, saves labor cost, higher yield and better quality, early maturity, more crop for each drop, and ideal for terrain having problematic soils.
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Various factors are propelling the micro-irrigation systems market. Such factors, according to the latest Market Research Future report, include growing demand for these irrigation systems from emerging economies, increasing interest amid farmers to use a micro-irrigation system, government encouragement, decreasing per capita arable land, growing population, and technological advancements especially automation used in micro-irrigation techniques. Additional factors propelling the growth of the micro-irrigation systems market include a preference for greenhouse vegetables, depleting water resources, and benefits of addressing water scarcity and increasing crop productivity.
On the contrary, the high maintenance cost of such systems, high initial cost, lack of consumer awareness, and scarcity of skilled workforce are factors that may impede the micro-irrigation systems market growth during the forecast period.
Key Players
Notable players profiled in the micro-irrigation systems market report include Weishi Huifa Machinery Plant (China), Lindsay Corporation (US), The Toro Company (US), Antelco (Australia), Rivulis (Israel), Hunter Industries (US), Irritec (Italy), Netafim Ltd Corporate (Israel), Jain irrigation systems (India), and Akplas (Turkey). Key players have incorporated specific strategies to enhance their position in the market, such as manufacturing capacity expansion, strategic collaborations, mergers and acquisitions, new product launch, joint ventures, and research and development investment.
Industry News
Dec 2019: Toro has redefined clog resistance through its new precision irrigation innovation, Toro Aqua-Traxx Azul drip tape. This new product will offer growers with the same performance and quality standards as that of Aqua-Traxx yet now comes with an advanced flow path design to resist clogging effectively than ever before.
Market Segmentation
The Market Research Future report offers a complete segmental analysis of the micro-irrigation systems market based on end use, material, and type.
By Type, the micro-irrigation systems market is segmented into drip tubing, drippers, micro-bubblers, micro-sprayers/sprinklers, and others. Of these, the micro-sprayers/sprinklers segment will dominate the market during the forecast period for their alluring features such as reduced problems of clogging owing to sediment-laden water, water-saving, and increase in yield.
By Material, the micro-irrigation systems market is segmented into polyethylene, metal, plastic, and others.
By End Use, the micro-irrigation systems market is segmented into residential gardens, greenhouses, farms, and others. Of these, farms will have the largest share in the market during the forecast period.
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Regional Analysis
By region, the micro-irrigation systems market report covers the latest trends and growth opportunities across North America, the Asia Pacific, the Middle East and Africa, and Europe. Of these, the APAC region will remain the driving force during the forecast period. Various factors propelling the growth of the micro-irrigation systems market in the region include increased government subsidies to install micro-irrigation systems in most emerging economies, especially India, increasing adoption of modern farming practices, and a large part of the populace in the region chiefly involved in agriculture for their livelihood.
The micro-irrigation systems market in North America will have significant growth during the forecast period. Various factors propelling the growth of the micro-irrigation systems market in the region include the growing agricultural industry and growing awareness in farmers about the benefits of using a drip irrigation system.
The micro-irrigation systems market in the MEA will have a steady growth during the forecast period for the increasing use of sustainable agricultural practices, availability of large arable lands, and mechanized and micro-irrigation systems that have strengthened the green revolution, especially in Israel.
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