October 05, 2020
According to the recent research report titled ‘GLOBAL MICRO IRRIGATION SYSTEMS MARKET 2019-2027’, available with Market Study Report, global micro irrigation systems market is projected to expand with a CAGR of 17.26% during 2019-2027.
Increasing concerns regarding water scarcity, growing population, decreasing per capita arable land, supportive government policies, and surging demand from nurseries & commercial gardens are the key factors driving the growth of global micro irrigation systems market. In addition, escalating demand for micro irrigation systems from emerging economies and shifting focus towards adopting minimal freshwater wastage solutions are also contributing to the overall market growth.
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For those uninitiated, micro irrigation is used for irrigation purposes, uses lower pressure and flow as opposed to conventional sprinklers. In this technique, small amounts of water are used, with the help of specialized emission instruments, to irrigate crops either from above or below the soil surface.
The practice of micro-irrigation helps to increase agricultural productivity, mitigate soil erosion and avoid water wastage, which in turn is facilitating the business scenario. The techniques widely used for micro irrigation include sprinkler irrigation and drip irrigation.
Moreover, micro irrigation systems provide water reliably and uniformly, as opposed to other irrigation methods, thereby stimulating global micro irrigation systems market trend. These systems help in distributing water via a versatile irrigation tubing system, micro-sprays, and drip emitters directly to the base of the plant.
Micro irrigation techniques also help in minimal losses since these methods are efficient in supplying fresh water to plant roots, which in turn is augmenting global micro irrigation system industry remuneration. However, rising concerns associated with over-irrigation & clogging, along with high cost of micro irrigation systems may hamper the industry expansion
Lack of interest of farmers in accepting new technology and difficulties in maintaining these systems is also likely to negatively impact global micro irrigation systems industry.
Citing the regional landscape, worldwide micro irrigation systems market is segmented into Asia Pacific, Latin America, Middle East & Africa (MEA), North America, and Europe. The report states that North America held considerable share of the overall market in the recent past and is expected to grow consistently during the study period, owing to abundant availability of land for irrigation.
Leading organizations in global micro irrigation systems market are Chinadrip Irrigation Equipment Co. Ltd., Valmont Industries Inc., Lindsay Corporation, Deere & Company, Irritrol Systems (The Toro Company), Driptech India Pvt. Ltd. (Jain Irrigation), Hunter Industries Inc., Elgo Irrigation Ltd., Rain Bird Corporation, Irrigation & Water Technologies Pvt. Ltd. (IWT), Netafim, Nelson Irrigation Corporation, EPC Industrié Ltd. (Mahindra Group Company), Rivulis Irrigation Ltd., Antelco Pty Ltd., and T-L Irrigation Co.