Micro Irrigation Systems Market Outlook 2031:
The global micro irrigation systems market size was valued at USD 13.09 Billion in 2022 and is projected to reach USD 38.49 Billion by 2031, expanding at a CAGR of 12.73% during the forecast period 2023 - 2031. The growth of the market is attributed to the growing population size and increasing demand for food globally.
Micro-irrigation is a process that ensures a continuous supply of water to the soil surface for a longer period of time using small diameter pipes and tubes. Water is delivered at the root zone of the plants with the help of drippers, drop by drop. It is one of the most successful methods for irrigation and has several features such as drip irrigation that allows water to be delivered straight to the plant's root.
The primary goal of micro irrigation system is to assure wastewater management. In sandy soils, the micro irrigation approach prevents water loss owing to deep percolation, evaporation, and run-off.
The COVID-19 outbreak has brought negative impact on the market due to scarcity of resources because of the disruption in supply chain and lack of skilled labor globally. As a result, the players of the market failed to meet the growing demands of their target customers. The market is expected to recover an uptrend operation soon due to subsiding the COVID cases gradually across the globe.
Micro Irrigation Systems Market Trends, Drivers, Restraints, and Opportunities
- Rising need for water conservation majorly in arid regions, is one of the key factors driving the micro irrigation systems market growth.
- Increasing technological advancement in micro irrigation systems is expected to boost the market growth in the coming years.
- Favorable government policies such as subsidies and low-interest loans is anticipated to boost the micro irrigation systems market expansion during the projected period.
- Low adoption rate of the irrigation system due to high initial cost of installation presents a major challenge. This is likely to hinder the micro irrigation systems market growth during the forecast period.
- Sustainable agricultural practices adopted by companies is projected to create significant growth opportunities for the market in the near future.
Scope of Micro Irrigation Systems Market Report
The report on the global micro irrigation systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Micro Irrigation Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
2023 – 2031
Products (Lateral Move, Central Pivot, Drips [Filters, Tubing, Backflow Preventers, Pressure Regulators, Valves, and Pressure Compensators], and Sprinklers [Fittings/Sprinkler Head, Pumping unit, Tubing, and Coupler]), Applications (Nursery, Landscape, Agriculture, Greenhouse, and Others), and Crops (Field Crops, Orchard Crops, Plantation Crops, Forage & Grass, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
The Toro Company; Valmont Industries, Inc.; Jain Irrigation Systems Ltd.; Rivulis Irrigation; Mahindra EPC Irrigation; Nelson Irrigation Corp.; Lindsay Corp.; Netafim Ltd.; Rain Bird Corp.; and T-L Irrigation Co.
Market Segment Insights
Drips segment to grow at a rapid pace
Based on products, the global micro irrigation systems market is divided into lateral move, central pivot, drips, and sprinklers. The drips segment is sub-divided into filters, tubing, backflow preventers, pressure regulators, valves, and pressure compensators. The sprinklers segment is further sub-categorized into fittings/sprinkler head, pumping unit, tubing, and coupler.
The drips segment is expected to grow at a rapid pace during the forecast period owing to the less water consumption ability and suitability of these systems for the cultivation of food crops. However, the sprinklers segment is anticipated to hold a key share of the market in the coming years due to the ability to displace water over large distances, which improves water consumption efficiency.
Large scale practice to drive the agriculture segment growth
In terms of applications, the micro irrigation systems market is segregated into nursery, landscape, agriculture, greenhouse, and others. The agriculture segment is projected to expand at a considerable CAGR during the forecast period attributed to large scale agriculture practice, which significantly increases the adoption of micro irrigation systems.
On the other hand, the greenhouse segment is anticipated to account for a major market share during the forecast period due to the growing need for low-cost and water-efficient agricultural technologies.
Orchard crops segment to hold significant market share
On the basis of crops, the global micro irrigation systems market share is segmented into field crops, orchard crops, plantation crops, forage & grass, and others. The orchard crops segment is anticipated to hold significant market share in the coming years owing to growing trend of micro-farming of orchard crops in residential properties.
However, the plantation crops segment is expected to register a considerable CAGR during the forecast period due to the major consumption of coffee and tea products.
North America to constitute a key market share
In terms of regions, the global micro irrigation systems market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to the presence of key global players in the region.
However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to extensive subsidies policies by governments for the optimum utilization of micro irrigation systems in the region.
The global micro irrigation systems market has been segmented on the basis of
- Lateral Move
- Central Pivot
- Backflow Preventers
- Pressure Regulators
- Pressure Compensators
- Fittings/Sprinkler Head
- Pumping unit
- Field Crops
- Orchard Crops
- Plantation Crops
- Forage & Grass
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- The Toro Co.
- Valmont Industries, Inc.
- Jain Irrigation Systems Ltd.
- Rivulis Irrigation
- Mahindra EPC Irrigation
- Nelson Irrigation Corp.
- Lindsay Corp.
- Netafim Ltd.
- Rain Bird Corp.
- T-L Irrigation Co.
Key players competing in the global micro irrigation systems market are The Toro Company; Valmont Industries, Inc.; Jain Irrigation Systems Ltd.; Rivulis Irrigation; Mahindra EPC Irrigation; Nelson Irrigation Corp.; Lindsay Corp.; Netafim Ltd.; Rain Bird Corp.; and T-L Irrigation Co.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.