Meticulous Research® – leading global market research company is researching on micro irrigation systems market titled “Micro Irrigation Systems Market by type (Sprinkler, Drip), Component (Drippers, Polyethylene Tubing, Irrigation Valve, Filters), Crop Type (Plantation Crops, Orchard Crops, Field Crops), Application (Farmers, Government), and Geography - Global Forecast to 2025”.According to this latest publication from Meticulous Research®,the global micro irrigation systems market is expected to grow at a CAGR of 18-20% from 2019 to reach around $8.0 billion by 2025.
The growth of micro irrigation systems market is mainly supported by the several initiatives taken by governments across the globe with the help of new irrigation technologies to avoid future circumstances of water scarcity. For example, the U.S. government announced a WaterSMART program in early 2018 to reduce water wastages and increase water supply through investments in modernizing existing infrastructure; countries like Australia and Japan provides subsidies to the farmers for installing micro-irrigation techniques. In the growing countries of the region Asia Pacific such as India Government has been implementing centrally sponsored scheme, Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), on micro-irrigation from 2006 with an objective to conserve water and enhance water use efficiency in the agriculture sector; and Chinese government promotes water-saving irrigation (WSI) policies for irrigation management to decline irrigation water wastage.
Drip irrigation commanded the largest market share of micro irrigation systems market in 2018 due to its high efficiency and diversified application. Also, growing need to increase water efficiency; reduce cost; save time and reduce growth of weeds; and need to increase agricultural production are further supporting to the growth of this market. However, with rising adoption in protected farming practices, the market for sprinkler irrigation is expected to witness a rapid growth during the forecast period.
Orchard crops and vineyards application segment commanded the largest market share of micro irrigation systems in 2018. The rapid growth in the production of greenhouse vegetables is driving the application of micro irrigation systems for orchard crops.
Geographically, North America captured a significant market share in global micro irrigation systems market in 2018. Factors such as increased automation in agriculture & adoption of advanced irrigation control systems; rising need to conserve water and reduce water stress; and increasing government initiatives in irrigation ultimately supports the greater consumption of micro irrigation systems in this region. However, Asia Pacific is expected to register the highest CAGR during the forecast period. Rising adoption of modern irrigation techniques in countries such as China, Japan, Australia, and India; and constant government financial assistance for irrigation supports the fastest growth in this region.
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The key players operating in the global micro irrigation systems market are Netafim Ltd., Jain Irrigation Systems Ltd, Lindsay Corporation, The Toro Company, Nelson Irrigation Corporation, Rain Bird Corporation, Hunter Industries Incorporated, Valmont Industries, Inc., EPC Industries Limited, T-L Irrigation Co., Rivulis Irrigation Ltd., Elgo Irrigation Ltd., and Sistema Azud SA, among others.
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