Micro Irrigation System Market Outlook
One of the key factors contributing to the growth of the micro irrigation system market is the rising global population and the subsequent need to enhance agricultural productivity. With limited arable land and depleting water resources, there is a growing demand for sustainable irrigation solutions that can optimize water usage and improve crop yields. Micro irrigation systems have proven to be highly efficient, delivering water precisely to the plants, reducing water wastage, and promoting healthier plant growth.
The micro irrigation system market has witnessed significant growth in recent years, driven by the increasing adoption of advanced irrigation techniques and the growing need for efficient water management in agriculture. Micro irrigation systems, also known as drip irrigation or sprinkler irrigation, provide targeted water and nutrient delivery directly to the root zone of plants, minimizing water loss through evaporation or runoff. The micro irrigation system market size was valued at USD 599.2 million in 2021. The micro irrigation system industry is projected to grow from USD 633.65 million in 2022 to USD 937.16 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.75% during the forecast period (2022 – 2030).Growth in greenhouse vegetable production, increasing use of artificial intelligence in micro irrigation system, and higher yield requirements are the key market drivers enhancing the micro irrigation system market growth.
𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲.https://www.marketresearchfuture.com/sample_request/1949
Growth Drivers and Deterrents
Although being an essential service, drip irrigation systems have seen a heavy drop in demand post the COVID-19. Irrigation agencies have been facing challenges related to procuring inputs, maintenance, and equipment. Fiscal issues are rampant owing to additional costs as well as reduced revenues from state transfers as well as tariffs. Farmers have had to deal with the lesser accessibility to advanced irrigation equipment, thereby curbing the growth of the micro irrigation market to a large extent. However, micro-irrigation systems are still in demand worldwide, owing to the rising awareness about their benefits, such as reduced water wastage and prevention of soil erosion. The demand has remained steady, especially in countries facing water scarcity. Farmers are increasingly focusing on using these systems to bolster crop yields while using the minimum amount of water.
Substantial increase in technological advances in micro- Irrigation System market overview has been a blessing for farmers in the agricultural sector, while also letting household owners with big lands better manage the water flow as well as intake of plants. Micro-irrigation systems are generally available in two forms, namely sprinklers and drips that help bring down the total intake of the crops while boosting the yield. Emerging regions such as Latin America and the Asia Pacific are fueling the sales of these systems backed by supportive government policies including low-interest subsidies and loans for farmers.
Governments worldwide are motivating farmers to make use of micro-irrigation systems, which could also stimulate the market growth rate over the following years. Given the scenario, industry participants are striving to come up with low-cost and more efficient micro-irrigation systems. Several regional government bodies offer free electricity to farmers, which is yet another reason for the strong adoption rate of these systems.
Segmental Review
The micro-irrigation system industry can be considered for type, crop type, and end-use.
The micro-irrigation system market outlook, depending on the type, caters to sprinkler irrigation and drip irrigation.
The micro-irrigation system market, with respect to crop type, can be split into the landscape, field crop, plantation crop, and others.
The end-use industries listed in the report are open fields as well as a closed system.
Affluent Participants
The most Key Micro Irrigation System Market Players affluent industry participants listed in the report are Chinadrip Irrigation Equipment Co. Ltd (China), Jain Irrigation Systems Limited (India), Lindsay Corporation (US), Kothari Agritech Private Limited (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), Rain Bird Corporation (US), EPC Industrie (India), Irritec S.p.An (Italy), Harvel Agua (India), Antelco Pty Ltd (Australia), Deere & Company (US), The Toro Company (US), Rivulis Irrigation Limited (Israel), Elgo Irrigation Ltd (Israel), and many more
Regional Outlook
Global industry is spread across certain regions, namely Europe, the Middle East & Africa, North America, along with the Asia Pacific.
Asia Pacific will remain the top market for micro irrigation systems market Insights throughout the analysis period while also attaining the fastest CAGR between 2020 and 2027. The APAC market’s strength lies in the vast population whose livelihood is largely dependent on agriculture. The escalating adoption rate of modern farming practices along with the surge in government funds and subsidies encouraging the use of micro-irrigation systems, especially in India will be favorable for the regional market. India is ranked among some of the top producers of crops, and with the government investing considerably in the farming sector, the adoption of cost-effective and efficient solutions is bound to further increase in the years ahead. The South Korean government has implemented smart farming schemes and policies that foster the use of these systems in the agriculture industry. The government is also planning to build massive smart farm complexes that could help attract the younger population and raise their interest in farming. Apart from this, it intends to grant small-sized farmlands to the professionals to kickstart their business, which should bolster the demand for advanced products such as micro-irrigation systems.
The Row market will also gain traction at a steady pace between 2020 and 2027, thanks to the huge demand for micro-irrigation systems across South American countries like Brazil and Argentina. This could be accredited to the accelerated uptake of sustainable agricultural techniques among the farmers.
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