A pipe distribution system known as a micro irrigation system helps deliver little amounts of water repeatedly to the surface or subsurface of land. It makes use of emitters, foggers, drippers, and sprinklers that are positioned along a water distribution line. Moreover, it is used all around the world in horticulture, garden landscaping, restoration ecology, and environmental cleanup.
In 2021, the market for micro irrigation systems was worth USD 10.29 billion, and it will be worth USD 30.26 billion by 2030, at a 12.73% CAGR during the forecast period.
Micro irrigation systems provide a number of benefits, including reducing water waste and eradicating soil erosion, which spurs market expansion. Moreover, the lack of water and increasing government backing for micro-irrigation systems drive the market’s expansion. The development of the worldwide micro irrigation market is hampered by factors, including the micro irrigation system’s high starting cost.
Market Dynamics
Drivers
The market for micro irrigation systems is driven by factors like the rapid reduction in water resources & reserves, rising food demand, and growing concerns related to crop growth due to changing climate. Various governments are encouraging farmers to use micro irrigation systems by providing incentives to them. For example, the Per Drop More Crop scheme of the Indian government assists small and marginal farmers at 53% of the suggested cost unit and other farmers at 45%. Such schemes will open up new potential prospects for the micro irrigation systems market by encouraging people to install sprinkler and drip irrigation systems. A few other factors supporting market growth are the increasing adoption of irrigation techniques by commercial property owners and homeowners, an increase in greenhouse vegetable production, and rising investments by major players in developing modern farming practices due to higher returns on investments.
Restraints
Micro irrigation has a high initial investment cost. It is less suitable for low-value crops, which results in lower investment returns. A disadvantage of micro-irrigation is the high cost of obtaining tubing, emitters, and pumps, especially for large-scale operations.
Opportunity
In recent years, a number of global food firms have taken action to market their products as being produced sustainably. This is a distinctive quality of the finished goods that have proven profitable for companies and grown their market share. By limiting the amount of water that crops use, micro-irrigation systems prevent environmental deterioration and the depletion of the water table. The market for micro irrigation systems has enormous growth potential because the largest agricultural and food companies operate on a large scale.
Market Segmentation
By Type
In 2021, drip irrigation systems held the largest market share of 60%. Furthermore, drip irrigation is becoming increasingly popular among field crop producers because of its precise application. Furthermore, the drip irrigation market is being supported by an increase in the price of field crops, a decrease in water usage, and the adoption of sustainable irrigation methods. Also, as the population grows, the food needs rise, driving up drip irrigation sales. Increase market demand for micro irrigation systems in the long run.
By Crop Type
The plantation crops segment ruled the market in 2021. This irrigation is great for many horticulture crops because they need a particular atmosphere to grow properly, such as fruits and vegetables. The market for micro irrigation systems is expanding due to the demand for high-value crops and cash crops. The adaptability of drip irrigation systems for growing a variety of orchard crops, such as tomatoes, bananas, beetroots, and others, also contributes to the market expansion for micro irrigation systems.
By End-User
In terms of end-users, the farmer segment ruled the entire market in 2020. Several small- and medium-sized farmers in Africa, Asia, and the Middle East rely on agricultural techniques as their main source of income. By using micro-irrigation technology, particularly drip irrigation, which conserves around three-quarters of the water used in open canal irrigation, Israel has turned into a country with a surplus of water.
Regional Overview
Asia Pacific led the entire market in 2021 with USD 282.82 million. It is due to factors including rural farmers’ use of micro irrigations systems and the popularity of organic foods. Also, as the region focuses on creating new irrigation systems, high adoption of modern irrigation systems, including drip and sprinkler irrigation, is taking place.
Key Players
- The Toro Company
- Valmont industries, Inc.
- T-L Irrigation Co.
- Rivulis Irrigation
- Jain Irrigation Systems Ltd.,
- Nelson Irrigation
- Lindsay Corporation
- Rain Bird Corporation
- Hunter Industries
- Netafim Ltd.,
In 2021, the market for micro irrigations systems was worth USD 10.29 billion, and it will be worth USD 30.26 billion by 2030, at a 12.73% CAGR during the forecast period. Factors boosting the growth of the micro irrigations system market include an increase in greenhouse vegetable output, an increase in artificial intelligence application in micro irrigations systems, and increased yield needs.
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