Micro-Irrigation Systems Market Size is estimated to grow at a CAGR of 9.4% during the forecast period

 

The global micro-irrigation system market is anticipated to reach USD 21.7billion by 2030 from USD 9.7billion in 2021, at a CAGR of 9.4% during the forecast period.

The slow application of continuous drips, minuscule streams, or small sprays of water above or below the soil surface is known as micro-irrigation. When compared to the traditional surface irrigation approach, the micro-irrigation system is more efficient at conserving water and using it more effectively. Water use, weed growth, soil erosion, and cultivation costs are all decreased as a result. In regions with shallow soils, undulating terrain, rolling topography, hills, and barren land, micro-irrigation can be helpful. There are three different categories of soil types based on depth: shallow soil (depth less than 22.5 cm), medium depth (22.5-45 cm), and deep soil (depth greater than 45 cm).

The main drivers of the growth of the micro irrigation systems market include an increasing emphasis on the use of high-quality seeds, particularly in developing economies, an increased focus on market trends, an increase in the use of modern agricultural practices to boost productivity, high growth in emerging nations combined with cutting-edge technologies, and rising industry competitiveness.

 

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Growth Drivers:

By 2050, the United Nations (UN) predicts that there will be 9.7 billion people on the planet. To feed this expanding population, the agricultural system as it is today will need to adopt modern irrigation methods. Since there is now very little use of micro-irrigation systems, there is a lot of room for expansion in the years to come. The global market for micro-irrigation systems is anticipated to grow exponentially over the forecast period as a result of the rising usage of various irrigation systems and their accessories, such as micro-irrigation spray sets, micro-sprinklers for gardens, micro misting sprinklers, garden micro drip systems, drip irrigation adjustable sprayers, and micro watering systems.

Government agencies all around the world are providing substantial incentives and subsidies to promote farmers' adoption of drip irrigation due to the growing understanding of its significance in modern agriculture. For instance, as part of the National Mission for Sustainable Agriculture (NMSA), the Government of India supports farmers by providing a 35% to 50% subsidy, depending on the size of the farm and the category of farmers. The introduction of awareness campaigns to inform farmers about contemporary agricultural methods is anticipated to further support the market expansion for drip irrigation.

Global Micro-Irrigation System Segmentation:

By Type:

·         Drip Irrigation System

·         Sprinkler Irrigation System

·         Other Micro-irrigation Systems

By Crop Type:

·         Orchard crops & Vineyards

·         Field crops

·         Vegetables

·         Plantation crops

·         Other crop types

By End-User:

·         Farmers

·         Industrial users

·         Government

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Global Micro-Irrigation System Market:

The research report offers a competitive analysis of prominent companies operating in the global micro-irrigation system market. Some of the leading players profiled in the market research report include:

·         Jain Irrigation Systems Ltd.

·         Lindsay Corporation

·         Chinadrip

·         The Toro Company

·         Rivulis  

·         Hunter Industries Inc.

·         KSNM DRIP

·         Raindrip Inc.

·         DRIPWORKS

·         Netafim

·         Irritec S.p.A

·         Eurodrip S.A

·         Driptech Incorporated

·         Goldenkey

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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