The global micro irrigation system market size was USD 7.59 billion in 2019 and is projected to reach USD 16.83 billion by 2032, exhibiting a CAGR of 6.32% during the forecast period based on our analysis in the existing report. Asia Pacific dominated the micro irrigation system market with a market share of 39.13% in 2019.

The growing area under micro irrigation systems across the globe is one of the prominent reasons for the tremendous growth of the market worldwide. Easy mechanization of the micro-irrigation system, their compatibility with wide as well as closed-spaced crops, and various other positive attributes associated with this type of irrigation are aiding the market growth. Moreover, amplified acceptance of this irrigation technique by commercial property owners, homeowners, and others for landscape developments is expected to drive the micro irrigation system market growth during the foreseeable years.

Get Sample PDF Brochure:

Micro-Irrigation: A Sustainable and Efficient Solution

Micro-irrigation is an advanced irrigation technique that uses lower pressure and water flow compared to traditional methods. It’s also known by various names, including localized irrigation, low-flow irrigation, trickle irrigation, and low-volume irrigation. This efficient irrigation method delivers the necessary water and nutrients to crops, resulting in higher-quality produce and surplus yields. It’s particularly beneficial for terrains affected by high salinization and alkalization. The two main types of micro-irrigation are drip irrigation and sprinkle irrigation, both of which are designed to optimize water use and improve crop productivity.

What Does the Market Report Include?

The market report provides detailed insights into the drivers, challenges, opportunities, and restraints shaping the micro-irrigation systems market during the forecast period. It includes both qualitative and quantitative data about regional demographics and growth patterns. The report also explores the competitive landscape, covering key companies and their strategies such as mergers, acquisitions, product launches, and collaborations aimed at enhancing their market presence from 2020 to 2027.

Drivers and Restraints:

Large-Scale Adoption Amid COVID-19 to Boost Market Growth

The growing need for efficient water usage and higher crop yields, especially amid water scarcity, is driving the adoption of micro-irrigation globally. This technique is increasingly preferred by commercial property owners due to its mechanization ease and ability to grow a wide range of crops efficiently. Notably, in India’s Tamil Nadu, the state led the nation in micro-irrigation adoption under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) during the 2019-2020 fiscal year. During the pandemic, even with economic downturns, the agricultural sector, particularly in regions like Tamil Nadu, saw a surge in the implementation of micro-irrigation to ensure crop growth and water conservation.

Ask for Customization:

Regional Analysis:

Asia-Pacific to Maintain Market Leadership

The Asia-Pacific region is expected to dominate the micro-irrigation market, with a market share of USD 2.97 million in 2019. The adoption of smart farming techniques, including micro-irrigation systems, is projected to further enhance market growth. Additionally, increased investment by key players and government support for these technologies will positively impact the region’s growth. North America, particularly the U.S. and Mexico, is also expected to experience significant growth due to the high awareness of advanced farming techniques and the widespread adoption of micro-irrigation.

Competitive Landscape:

Strategic Mergers and Acquisitions to Drive Market Expansion

The market for micro-irrigation systems is becoming increasingly competitive, with companies focusing on expanding their market presence through mergers, acquisitions, and collaborations. For example, Jain Irrigation Systems (India) acquired two U.S.-based companies, Irrigation Design, Construction Inc. (IDC) and Agri-Valley Irrigation Inc. (AVI), with an investment of approximately USD 48 million in April 2017. This move strengthens Jain Irrigation’s foothold in the U.S. market and supports the global expansion of its irrigation solutions. Additionally, government policies promoting micro-irrigation adoption are expected to further accelerate market growth during the forecast period.

LIST OF KEY COMPANIES PROFILED:

  • Lindsay Corporation (U.S.)
  • Jain Irrigation Systems Ltd. (India)
  • Valmont Industries (U.S.)
  • Rain Bird Corporation (U.S.)
  • Reinke Manufacturing Co. Inc. (U.S.)
  • Netafim Limited (Israel)
  • The Toro Company (U.S.)
  • Hunter Industries (U.S.)
  • Nelson Irrigation Corporation (U.S.)
  • Rivulis Irrigation Ltd. (Israel)

Industrial Development:

New Product Launch to Boost Market Position

In February 2020, Lindsay Corporation, a pioneer in the irrigation market, launched the Zimmatic poly pipe. This product is designed for farms in environments where water corrosion is a concern. The launch of this innovative product is expected to strengthen Lindsay Corporation’s strategic position in the irrigation market, especially for farms in challenging water environments.

Inquire Before Buying This Report:

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 833 909 2966

UK: +44 8085 020280

APAC: +91 744 740 1245

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]