A recent study by Triton Market Research titled ‘Global Irrigation Systems Market’ encompasses the Global Analysis and Forecasts by Product (Sprinklers, Drip Irrigation), Type of Crops (Field Crops, Plantation Crops, Orchard Crops, Others [Forage & Grasses]), and by Geography (North America, Asia-Pacific, Europe, Latin America, Middle East and Africa).
Micro irrigation systems are more efficient than traditional irrigation methods to tackle the concerns relating to growing water scarcity. These systems include sprinklers and drip irrigation systems, which are ideal for reducing water wastage to a large extent.
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Triton’s research report predicts the global market for micro irrigation systems to observe growth at a CAGR of 16.68% in revenue during the reviewed period 2021-2028. It is also expected to obtain revenue worth $10.67 billion by 2028.
The growing interest in farmers to use micro irrigation systems and concerns relating to freshwater conservation and diminishing water resources, are key factors responsible for the growth of the studied market. For instance, the growing urban development has negatively impacted the ecosystem by cutting down forests, resulting in lower rainfall. Here, micro irrigation methods prevent water wastage using spray, mist, drip, and other systems. This further enhances productivity and decreases water requirements in the agricultural industry.
However, the elevated cost of micro irrigation systems and concerns regarding over-irrigation and clogging, are negatively impacting the global market’s future growth.
The market for micro irrigation systems market is segmented into product and type of crops. Based on the product, the market is bifurcated into sprinklers and drip irrigation. In terms of the type of crops, it is subdivided into field crops, plantation crops, orchard crops, and others, such as forage & grasses.
Globally, Asia-Pacific is dominating the micro irrigation systems market, and is estimated to lead the market until 2028. In Japan, the rising technological advancements have led to the development of solar-powered irrigation systems, known as floating solar systems. Here, these systems decrease the reliance on conventional micro irrigation technologies, leading to reduced cost and high adoption in small-scale irrigation facilities. Further, China mainly encourages the low-cost manufacturing and global supply of drip irrigation systems. Hence, the aforementioned factors are primarily motivating the growth of the micro irrigation systems market in the APAC region.
Toro Company, Rivulis Irrigation, Jain Irrigation Systems Ltd (JISL), Rain Bird Corporation, Lindsay Corporation, Nelson Irrigation Corporation, Irrigation & Water Technologies (IWT), Metzer, Harvel Agua India Private Limited, Irritec SpA, Agrodrip SA, Netafim Ltd, Hunter Industries, Deere & Company, Mahindra EPC Irrigation Limited, T-L Irrigation Co, Dayu Irrigation Group Co Ltd, Antelco Pty Ltd, Valmont Industries Inc, Elgo Irrigation Ltd, and Teco Srl are well-known firms thriving in the market.
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Question & Answer: Micro Irrigation Systems Market
Question 1: What key factors are responsible for the growth of the micro irrigation systems market?
Answer: The growing interest in farmers to use micro irrigation systems and concerns relating to freshwater conservation and diminishing water resources, are key factors responsible for the growth of the studied market.
For instance, the growing urban development has negatively impacted the ecosystem by cutting down forests, resulting in lower rainfall. Here, micro irrigation methods prevent water wastage using spray, mist, drip, and other systems. This further enhances productivity and decreases water requirements in the agricultural industry.
Question 2: What factors are negatively impacting the micro irrigation systems market’s future growth?
Answer: The elevated cost of micro irrigation systems and concerns regarding over-irrigation and clogging, are negatively impacting the global market’s future growth.
Question 3: Which region is dominating the micro irrigation systems market?
Answer: Globally, Asia-Pacific is dominating the micro irrigation systems market, and is estimated to lead the market until 2028. In Japan, the rising technological advancements have led to the development of solar-powered irrigation systems, known as floating solar systems. Here, these systems decrease the reliance on conventional micro irrigation technologies, leading to reduced cost and high adoption in small-scale irrigation facilities. Further, China mainly encourages the low-cost manufacturing and global supply of drip irrigation systems. Hence, the aforementioned factors are primarily motivating the growth of the micro irrigation systems market in the APAC region.
Question 4: Which are the well-known firms thriving in the micro irrigation systems market?
Answer: Toro Company, Rivulis Irrigation, Jain Irrigation Systems Ltd (JISL), Rain Bird Corporation, Lindsay Corporation, Nelson Irrigation Corporation, Irrigation & Water Technologies (IWT), Metzer, Harvel Agua India Private Limited, Irritec SpA, Agrodrip SA, Netafim Ltd, Hunter Industries, Deere & Company, Mahindra EPC Irrigation Limited, T-L Irrigation Co, Dayu Irrigation Group Co Ltd, Antelco Pty Ltd, Valmont Industries Inc, Elgo Irrigation Ltd, and Teco Srl are well-known firms thriving in the market.
Related Report:
The global biopesticides market is evaluated to advance at a CAGR of 15.87% during the period of 2019-2027, while garnering $12.81 billion in revenue by 2028.
Biopesticides are naturally-based agents utilized to manage plant pests, diseases, and weeds. They are primarily microbial toxins stemmed from microorganisms like fungus or bacterium, assisting in improving crop productivity.
The growing demand for food products, growing organic food industry, and low R&D charges related to manufacturing and developing biopesticides, are significant factors augmenting the development of the biopesticides market. Additionally, the rising popularity of biopesticides and enhanced integrated pest management practices, are opening several new opportunities for the studied market.
However, the regulatory issues and lack of awareness among farmers, are challenging the biopesticides market’s overall development globally.
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