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Home >> Business >> FOCUS ON PRODUCT INNOVATION & QUALITY PROPELLING THE GLOBAL MICRO IRRIGATION MARKET TO A CAGR OF 18%

FOCUS ON PRODUCT INNOVATION & QUALITY PROPELLING THE GLOBAL MICRO IRRIGATION MARKET TO A CAGR OF 18%

The global micro irrigation market is expected to grow at a CAGR of 18.1% during the forecast period of 2021 to 2029. There are large number of factors driving the micro irrigation market such as large range of benefits provided by the micro irrigation system such as high degree of uniformity provided by the system, excellent performance in irregular terrain, simple installation and use etc. North America shares the largest pie of the global micro irrigation system market; Although APAC is expected to be the fastest growing region.

Micro-irrigation with the help of wastewater helps in adding nutrients and minerals to soil that are proved to be good for plants, and on the other hand it also helps to replenish groundwater resources. Micro irrigation techniques sometimes are permitted as an alternative wastewater disposal method for areas with slowly permeable soils, shallow soils, or complex topographies.

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The micro-irrigation system is an approach that keeps the use of water at minimum level in agriculture. The various techniques that are mainly used in the micro-irrigation system are micro-sprayers/sprinklers, bubblers, drippers and drip tubing. Amongst all, micro-sprinklers dominate the market in the functioning segment by holding a market share of 69.80% in 2020

Micro-Irrigation System is mainly used in various field crops, plantations, forage and turf grasses and also in orchard crops. The main aim to apply this technique is to increase the crops yields also with proper usage of water. Field crops dominate the micro-irrigation system market in crop type segment by holding the market share of 40% in 2020. Orchards crops are expected to be the fastest growing segment with a CAGR of 20.4% during the forecast period of 2021 to 2029.

North America remains as the largest market for the base year 2020 and all through the forecast period.  Micro irrigation is the fastest growing irrigation system in the U.S.  APAC is the fastest growing region in the world for the global micro irrigation market. The APAC market is growing with a CAGR of 23.7% for the forecasted period 2021-2029. The APAC region is majorly dominated by India and China. India is the leader across the globe in irrigation as India is known for its agriculture across the world.

Top winning strategies in the market include product launch, expansions and technological agreements. Key players include Jain Irrigation Systems Limited (India), Netafim Limited (Israel), The Toro Company (US), Lindsay Corporation (US), EPC Industries (India), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), T-L Irrigation (US), Hunter Industries (US), Rivulis Irrigation Ltd (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation (Israel), Antelco Pty Ltd (Australia), Microjet Irrigation Systems (South Africa), Irritec (US), Metro Irrigation (India), Irritec S.p.A. (Italy), Irrigation Direct Canada (Canada), Drip Research Technology Solutions (Turkey), DripWorks Inc. (US), and Raindrip, Inc. (US) and others.

Key Market Movement

  • The global micro irrigation market is expected to grow at a CAGR of 18.1% during the forecast period of 2021 to 2029.
  • Micro-sprinklers dominate the market in the functioning segment by holding a market share of 69.80% in 2020
  • Field crops dominate the micro-irrigation system market in crop type segment by holding a market share of 40% in 2020.
  • Orchards crops are expected to be the fastest growing segment with a CAGR of 20.4% during the forecast period of 2021 to 2029.
  • North America remains as the largest market for the base year 2020.
  • APAC is the fastest growing region in the world for the global micro irrigation market.
  • Top winning strategies in the market include product launch, expansions and technological agreements.
  • Key players include Jain Irrigation Systems Limited (India), Netafim Limited (Israel), The Toro Company (US), Lindsay Corporation (US), EPC Industries (India), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), T-L Irrigation (US), Hunter Industries (US), Rivulis Irrigation Ltd (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation (Israel), Antelco Pty Ltd (Australia), Microjet Irrigation Systems (South Africa), Irritec (US), Metro Irrigation (India), Irritec S.p.A. (Italy), Irrigation Direct Canada (Canada), Drip Research Technology Solutions (Turkey), DripWorks Inc. (US), and Raindrip, Inc. (US) and others. 

Micro Irrigation Market is segmented into:

ATTRIBUTEDETAILS
Research Period 2019-2029
Base Year 2020
forecast Period2021-2029
Historical Year2019
UnitUSD Million
SegmentationOn The Basis of Functioning 2019–2029 ($ Million)Micro-Sprayers/Sprinklers MarketMicro-Bubblers MarketDrippers MarketDrip Tubing Market
By Crop Type (2019-2029; US$ Mn)Fields Micro Irrigation System MarketPlantation Micro Irrigation System MarketForage and Turf Grasses Micro Irrigation System MarketOrchard Crops Micro Irrigation System Market
By Region (2019-2029; US$ Mn)North AmericaEuropeAsia PacificLatin AmericaAfrica
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)Pre Covid-19 situationPost Covid-19 situation

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