GMI Research forecasts that the rise in demand for Micro Irrigation System will lead the market growth to a CAGR of 12.2% between 2019 and 2026, and the market is expected to touch USD 23.4 billion in 2026.
Micro Irrigation is an advanced form of irrigation which has brought revolution in the methods of crop irrigation and has a wide acceptance in several countries. Micro Irrigation involves supplying of water regularly in small amounts below and above the soil surface in form of drops, tiny streams or micro sprays with the use of emitters placed along the water delivery line. Micro irrigations are of two types of irrigation techniques, drip irrigation and Sprinkler Irrigation. Drip irrigation allows dripping of water at very slow rates directly to the roots of plants by small diameter pipes fitted under the surface of soil. Sprinkler irrigation acts similar to natural rainfall as it involves spraying of water on the soil surface through spray heads providing a widespread coverage area.
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According to The World Bank, agriculture sector playing a major role in the world’s economy accounts for about 70% of the freshwater uses across the globe. The continuous environment degradation and the increasing world’s population is leading to the scarcity of water and hence creating a pressure on the irrigation sector for improving efficiency of water usage in irrigation. This rising awareness of efficient irrigation and environmental issues are leading the demand for the micro irrigation system during the forecast period.
Micro Irrigation system is rapidly gaining ground over outdated irrigation systems owing to its features like less water consumption and increase in productivity of the farms. The factors responsible for driving the growth of micro irrigation system in the market includes the uniformity it brings to the soil, the ability to control the timing & amount of irrigation and minimal growth of weed. The precise placement of water resulting in improved crop yields and reduced surface crusting are some of the factors propelling the growth of global micro irrigation system market. The rising demand for water and food resulting through the growing population is creating a necessity for effective irrigation techniques which will lead to demand for micro irrigation system over the forecast period.
Read Full Report Description: Global Micro Irrigation System Market Overview by Type (Sprinkler System and Drip System),By Sprinkler System Components (Pipes, Fittings & Nozzle heads, Pressure Regulators and Others), By Drip System Components (Tubing, Filters & Valves, Pressure Regulators and Others), By Crops (Orchard and Vineyard crops, Plantation crops, Field crops, Forage & Grass and Others), By End User (Family Farms, Corporate Farming and Others) and By Geography – Opportunities & Forecast, 2019-2026 https://www.gmiresearch.com/report/global-micro-irrigation-system-market/
The rising government initiatives for increasing usage of micro irrigation systems coupled with reduced cost of labour and electricity consumption are some factors bolstering the growth of micro irrigation system. For instance, several government schemes are launched including “Pradhan Mantri Krishi Sinchai Yojna” with an aim for improving water use efficiency and extending irrigation cover. This scheme is implemented as “Per Drop More Crop” under which various funds will be made available to the farmers for the adoption of micro irrigation system.
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Based on Type, Drip System segment is anticipated to grow at the fastest rate in the market during 2019–2026
Drip System segment is expected to grow at a higher rate during the forecast period as it improves the quality of the plants by eliminating the water stress, increases yield and the ability to achieve vigorous growth. In addition, it reduces the use of fertilisers by improving the efficiency of fertiliser use and saves more water when compared to the sprinkler system.
Based on Crops, the orchard and vineyard crops segment accounted for the largest market share in 2018 and it is expected to dominate the market in the upcoming years due to high density planting and requirement of efficient water supply to the plants. Orchard and vineyard farming involve huge investments and high risks due to this precise irrigation system can help overcome these challenges involved by providing adequate amount of water and nutrients to the root system.
Based on End User, Family Farms segment is expected to grow at the highest compound annual growth rate owing to rising government support for promoting micro irrigation among the farmers leading to an increased awareness for the additional advantages of micro irrigation systems in the field of irrigation.
Based on geography, North America held the largest market share in 2018 and is expected to dominate the market during the forecast period due to the presence of major key manufactures in the region and the large-scale acceptance for the micro irrigation system from the farmers. Higher presence of larger farms in North America is leading to huge investments in adapting the advanced technologies for improving the crop quality.
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Major key players in Global Micro Irrigation System market includes, Jain Irrigation Systems Ltd., Netafim, The Toro Company, T-L Irrigation Co., Lindsay Corporation, Rain Bird Corporation, Mahindra EPC Irrigation Ltd., Valmont Industries Inc., Hunter Industries and Rivulis Irrigation Ltd. among others.
Key questions answered in this research report:
Global Micro Irrigation System Market by Type
Global Sprinkler System Market by Components
Global Drip System Market by Components
Global Micro Irrigation System Market by Crops Type
Global Micro Irrigation System Market by End User
Global Micro Irrigation System Market by Region
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