Micro Irrigation System Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Agriculture
Report Code - OMR-A-133
Format: PDF, PPT, and Excel
Micro Irrigation System Market to Grow with a CAGR of 10.8% During 2023-2030; Market to Expand Owing to Growing Technological Advancements and Increasing Government Initiatives in the Agricultural Sector
A micro-irrigation system is a cutting-edge technique for watering plants. This approach involves a gradual supply of water. Due to its low price and high efficiency with water, the micro-irrigation system is becoming increasingly popular. All soil types can benefit from this simple chemigation and fertigation technique. It is gaining popularity over traditional sprinkler systems because of its benefits in crop productivity, field preparation, and decreased labor expenses. Micro agricultural systems are expected to see tremendous growth in demand from developing countries due to their ability to cut down on water waste and eradicate soil erosion drastically. Focusing on these systems allows small-scale farmers to maximize agricultural yields with little water use.
The micro irrigation industry has been severely impacted by the recent COVID-19 outbreak. Supply chain interruptions, a lack of available labor, and rising prices are just some of the problems that the epidemic has caused for farmers. As a result, many farmers have adopted micro-irrigation and other modern forms of efficient water management. Government funding for micro irrigation has increased in response to the COVID-19 outbreak. Many governments throughout the world have enacted regulations to encourage the use of micro-irrigation because of the positive impact it can have on food production and availability. Subsidies, tax incentives, and technical assistance for micro-irrigation systems are just some of the measures taken.
Key Takeaways of the Micro Irrigation System Market
By Product Type
Drip irrigation systems will lead market expansion over the next few years. Over the forecast period, the fact that these systems are well-suited for growing food crops is expected to boost their market. Due to its low water consumption and low cost, drip irrigation is a fast-growing sector.
By Crop Type
Field crops are expected to be the most lucrative use of micro-irrigation systems. This market segment's massive share is driven by the expanding need for irrigating field crops with efficient and accurate water and nutrient delivery and the rising need to boost crop yields while lowering water waste and fertilizer runoff.
By Region
The Asia-Pacific region dominates the industry, and its share is only expected to grow. Key crop-growing countries in the Asia Pacific, such as China and India, are increasingly adopting smart farming and novel agricultural instruments, which is expected to boost the region's agricultural market. The rapid increase in population in Asia's emerging countries has prompted worries about the region's ability to meet future food demand.
Increasing Adoption of New Farming Techniques to Bolster The Market Growth
The need to maximize high-quality crop output while minimizing water use is a key factor propelling the development of this industry. As a result of the government's initial guidelines and the launch of many programs to educate farmers regarding the benefits of employing micro-irrigation techniques, the market is expanding. The low nutrient loss these systems cause, and the high efficiency with which they apply water are expected to fuel their growth. In addition, the high automation of modern micro-irrigation systems is contributing to their widespread adoption in nations with a high cost of agricultural labor.
Growing Need for Water Conservation is Driving Market Potential
Inefficient and unsustainable methods of irrigating crops are becoming increasingly necessary due to dwindling water supplies and a rising global population. Growers worldwide are looking into drip and sprinkler irrigation methods to increase crop output with decreasing water supplies as they become more scarce. The demand for micro Irrigation systems will benefit considerably from this trend. Increasing concerns about how climate affects crop growth are driving the uptake of micro irrigation on farms of all sizes.
Global Micro Irrigation System Market Prominent Players
• Lindsay Corporation (U.S.)
• Jain Irrigation Systems Ltd. (India)
• Mahindra Agri (India)
• Nelson Irrigation (U.S.)
• Rain Bird Corporation (U.S.)
• T-L Irrigation (U.S.)
• Netafim (India)
• Rivulis. (Israel)
• Lucintel (U.S.)
• Toro Ag (Italy)
• Others
Report Scope for Micro Irrigation System Market
Product Type
• Sprinkler Irrigation System
• Drip Irrigation System
• Others
Crop Type
• Plantation Crops
• Field Crops
• Orchard Crops
• Turfs and Ornamentals
• Others
Application
• Agriculture
• Greenhouse
• Nursery
• Landscape
• Others
Micro Irrigation System Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com