Modern irrigation techniques such as micro-irrigation use emitters to water crops below the surface of the ground and irrigation systems that use small streams as water sources. In a micro irrigation system, water is given directly to the plant’s roots to provide moisture, maximize output, and reduce waste.
The market for micro irrigation systems in 2021 was USD 10.29 billion, and by 2030, it will be worth USD 30.26 billion, growing at a 12.73% CAGR during the forecast period.
Growing crop production requirements to meet the world’s growing food demand is stimulating the market growth rate. The demand for micro-irrigation systems is fueled by a greater emphasis on finding solutions to the world’s water shortage problem. Governments are also encouraging the adoption of different micro-irrigation techniques. The significant initial investment required for micro-irrigation systems restricts market expansion.
Market Dynamics
Drivers
- Farmers have seen varied levels of success when using effective irrigation scheduling techniques. Utilizing cutting-edge technology to schedule irrigation is growing in popularity, and many farmers are doing so with success. Even in a year of drought, farmers may maintain the same level of production by adopting micro irrigation because these systems consume less water and yield higher yields.
- The market for micro irrigation systems is driven by the need to increase crop production while addressing issues with water constraints. Governments are focusing on creating initiatives that will increase the usage of micro irrigation systems as a consequence, as it is extremely beneficial in preventing water scarcity. In order to grow more crops with the same amount of water, farmers have been exploring novel techniques. There is a considerable need for drippers, sprinklers, and other types of micro irrigation systems.
Restraints
Micro-irrigation systems are appropriate in high-cost agricultural settings like orchards, nurseries, greenhouses, and vineyards, where conventional watering techniques are impractical. Low-value crops are less suited to micro irrigation due to their high initial investment cost and potential for low return on investment. A drawback to micro irrigation is the high cost of procuring tubing, emitters, and pumps, particularly for large-scale operations.
Opportunity
Several nations are concentrating on creating micro irrigation because of water shortages and the need for water to increase agricultural output. The National Bank for Agriculture & Rural Development in India allocated USD 100 billion to improve micro-sprinkler irrigation. The government wants to cover 100 lakh hectares with micro-irrigation within the next five years.
Market Segmentation
By Type
The drip irrigation segment was the majority of the market holders in 2021. The market is developing due to the high efficiency in water conservation, lowering the salinization rate, and raising crop yields. Due to the expanding adoption of drip irrigation throughout numerous developing economies for the cultivation of various crops, drip irrigation is predicted to see significant expansion during the forecast period. It contributes to the expansion of this market because of its high efficiency and wide range of applications.
By Crop
The orchard crops category held the highest market proportion. Micro irrigation systems are being used for orchard crops due to the expansion of greenhouse vegetable production. Irrigation is a wonderful fit for these crops since different kinds of vegetables, fruits, and other horticultural crops require a specialized environment to develop well. The global need for high-value and cash crops is fostering this market’s expansion.
By End-User
Farmers led the market for micro irrigation systems among end users. The adoption of micro-irrigation technology shields these farmers from unanticipated, unpredicted, and unfavorable weather circumstances.
Arising economies in locales, for example, the Asia Pacific and Latin America are supposed to drive the interest for these items because of ideal government strategies like low-interest advances and sponsorships for cultivating. Such advantages are expected to stimulate the business development possibilities.
Besides, added benefits, for example, high harvest yield, improved productivity, and cost-viability presented by miniature horticultural frameworks are dared to assume a key part in advancing the utilization of miniature and motorized water system frameworks.
Regional Analysis
Asia Pacific is a major regional market contributor due to the rising popularity of sophisticated watering systems like sprinklers and drip irrigation and the rising demand for organic foods. Increased water scarcity in the agricultural sector and a rapid population growth rate are two important reasons driving market expansion in this area. Leading producers of the parts for micro-irrigation systems in the Asia-Pacific area include several nations like China. Future forecasts indicate that its exports will increase. The governments of various nations, including China and India, are heavily subsidizing the promotion of sophisticated and advanced micro-irrigation techniques, like sprinkler and drip irrigation.
Key Players
- Netafim Ltd.,
- Hunter Industries,
- Jain Irrigation Systems Ltd.,
- Rain Bird Corporation,
- The Toro Company,
- Lindsay Corporation,
- Rivulis Irrigation.,
- Nelson Irrigation,
- Valmont Industries, Inc.,
- T-L Irrigation Co.
The market for micro irrigation systems in 2021 was USD 10.29 billion, and by 2030, it will be worth USD 30.26 billion, growing at a 12.73% CAGR during the forecast period. Government measures to save water, the growing need to increase agricultural productivity, and the expanding use of contemporary farming methods are the primary factors driving the expansion of this industry.
Miniature horticultural frameworks assist in decreasing with watering wastage and wipe out soil disintegration, because of which the market is expected to observe exceptional interest among arising countries. Limited scope ranchers are underscoring on carrying out these frameworks to increment crop yields by using least water. Additionally, expanding mechanical progressions in miniature water system frameworks are offering universal simplicity to enormous land ranchers in the horticultural area and huge grass proprietors in the family area to control and screen the water stream and admission of plants.
Miniature water system frameworks, for example, trickle and sprinklers decrease the water utilization of harvests and increment the yield. Nearby state run administrations across the globe are empowering ranchers to carry out these items, which leans toward the market development and animates different market members to foster proficient and minimal expense miniature water system items.
Related Reports:
Digital Therapeutics Market Report – The global digital therapeutics market will witness a robust CAGR of 31.4%, valued at $3.02 billion in 2021, expected to appreciate and reach $35.78 billion by 2030, confirms Strategic Market Research.
