Micro Irrigation Systems Market: Global Industry Trends, Share
According to the latest report by IMARC Group, titled “Micro Irrigation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global micro irrigation systems market growth rate. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global micro irrigation systems market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 18.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.
What is Micro irrigation systems?
Micro irrigation systems refer to a pipe distribution network that helps deliver small amounts of water frequently to the surface or subsurface of land. They comprise emitters, foggers, drippers, and sprinklers placed along a water distribution line. They offer a simple fertigation and chemigation method that works with all soil types. They are rapidly replacing traditional sprinkler systems as they increase agricultural output and reduce labor and field preparation costs. As a result, micro irrigation systems find extensive applications in landscaping gardens, horticulture, and the practice of restoration ecology and environmental remediation across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends in the Micro irrigation systems Market?
The global micro irrigation systems market is primarily driven by the declining arable land and the increasing food security concerns as they help use arable land efficiently and ensure high crop yield. Additionally, the rising focus on water conservation and the surging popularity of sustainable irrigation methods are positively influencing market growth.
Moreover, governments of numerous countries are providing subsidies for farming and low-interest rates on loans, which in turn, has accelerated the product adoption rate. Besides this, the increasing use of greenhouses for crop production has catalyzed market growth. Furthermore, the integration of advanced technologies in the lateral move, sprinkler, and central pivot micro irrigation systems, including global positioning system (GPS) and remote control, is contributing to the market growth. Other factors, including the rising global population, emerging urban gardening trends, and higher yield requirements from a limited area, are also anticipated to propel the market growth.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Antelco Pty Ltd Elgo Irrigation Ltd., Hunter Industries, Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Limited (Mahindra & Mahindra Limited), Nelson Irrigation Corporation, Netafim (Orbia), Rain Bird Corporation, Rivulis Irrigation Ltd. and The Toro Company.
The report has been segmented the market into following categories:
Breakup by Type:
- Drip Irrigation System
- Sprinkler Irrigation System
Breakup by Crop Type:
- Field Crops
- Orchard Crops
- Landscape and Turf
Breakup by End User:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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