Market Overview:
Micro irrigation system is a modern irrigation technique that aids in applying small amounts of water to the land's surface. It is dependent on emitters, drippers, sprinklers, foggers, and other devices positioned along a water delivery line. Micro irrigation systems are effective in saving water and increasing water use efficiency as compared to conventional surface irrigation methods. Besides, it helps reduce water consumption, the growth of unwanted plants (weeds), soil erosion, and the cost of cultivation.
Market Size Growth Rate:
According to the DataM market research report, the global micro irrigation systems market size was valued at US$ XX billion in 2022, it is projected to reach US$ XX billion by 2030, with growth at a CAGR of 10.94% over the forecast period 2023-2030.
Increasing micro irrigation system adoption in dry regions of developed countries is a current trend that is anticipated to accelerate market expansion throughout the forecast period. Due to the growing desire to increase crop yield while using less water, the market for micro irrigation systems has experienced significant growth. By providing farmers with incentives, governments in various nations are encouraging the use of micro irrigation systems. For instance, under the Per Drop More Crop program, the Indian government offers marginal farmers assistance at a rate of 55 percent of the indicative cost per unit and other farmers receive assistance at a rate of 45 percent.
Market Drivers:
Drip irrigation systems are widely used in the global market for micro irrigation systems because they increase soil productivity, slow the rate of salinization, maintain low soil moisture tension in the root zone, and aid in water conservation. The widespread adoption of drip irrigation systems will inevitably accelerate market expansion.
A lot of large-scale food companies have made efforts recently to market their sustainably produced goods. To ensure that their raw materials are completely eco-friendly, these businesses must have micro irrigation systems. Water table depletion and environmental damage are reduced by micro irrigation systems. There is the enormous growth potential for the targeted market because the major food companies operate in large sizes.
Market Restraints:
The high initial cost of micro irrigation makes it less suitable for low-value crops and also causes a decline in investment returns. A significant drawback of micro-irrigation is the expense of purchasing pumps, tubing, and emitters, especially for large-scale operations. Therefore, it is anticipated that the high cost of micro irrigation systems will restrain market expansion during the forecast period.
In addition, a lack of knowledge about the advantages of micro irrigation systems among small-scale farmers in backward economies such as reduced conveyance losses, evaporation losses, runoff, and seepage is a major factor that will pose a most significant challenge to the market growth.
Market Opportunities:
Public and private support for irrigation projects in developing countries is a great opportunity to drive market growth. Most of the world's countries are becoming increasingly concerned with water management. In countries such as India and China as well as regions like the Middle East and Africa, agriculture is a significant user of water resources. The governments of the countries in these regions support water management in the agricultural sector. The construction of irrigation systems for croplands is supported by both the public and private sectors. The governments of these countries provide funding for low-cost irrigation systems like center pivots and lateral moves.
COVID-19 Impact Analysis:
The destruction caused by COVID-19 has affected every industry, sector, and economy. Since the pandemic continues to have complex and wide-ranging effects across the water-energy-ecosystem-food nexus, the irrigation, and drainage (I&D) sector is not an exception. However, food supplies and prices worldwide are stable, and moving forward, the emphasis remained on irrigated agriculture's contributions to food security, production, employment, and climate resilience. The irrigation system supports the world's vital production systems, provides a living for the vast majority of the world's poor, and holds the key to shifting to a market recovery because it supports hundreds of millions of agricultural jobs in rural areas.
Recent Developments in the Industry:
- In February 2022, Netafim USA, a subsidiary of Netafim Ltd., introduced a new filter called the AlphaDiscTM to guard irrigation systems against clogging brought on by organic contaminants.
- In August 2021, the Israeli Consulate General in South India, in collaboration with the United Planters' Association of Southern India (UPASI), Jain Irrigation Systems, and NaanDanJain Irrigation, launched the Smart IoT Irrigation Project in a tea plantation in Ooty, Tamil Nadu. Israeli innovators developed the smart IoT irrigation method, which helps farmers increase crop yield while using less water.
- In July 2020, Lindsay Corporation acquired Net Irrigate, LLC. Lindsay's FieldNET brand of remote irrigation monitoring and control solutions will include Net Irrigate. The acquisition advances the shared objectives of the two businesses, which are to provide practical, cutting-edge solutions to assist farmers in using and maintaining irrigation systems while increasing their water and energy efficiency.
Market Segmentation:
As per the research analysis, the global micro irrigation systems market is segmented by type into sprinkler & micro sprinkler irrigation, drip irrigation, bubbler irrigation, sub-surface irrigation, and by application into field crops, orchards & vineyards, plantation crops, and others.
- By type, drip irrigation dominated the market. One important kind of micro irrigation system is drip irrigation, also known as trickle irrigation. In drip irrigation, dripper emitters deliver small, frequent doses of water in precisely measured amounts to each plant individually. The application efficiency of this irrigation technique is the highest. By applying it frequently, drip irrigation allows for the continuous maintenance of low soil moisture tensions in the root zone. The plants can easily get the necessary moisture because the dissolved salts gather at the outer edges of the wet soil mass.
Geographical Classification:
The global micro irrigation systems market is segmented into major countries, including North America, Europe, South America, Asia Pacific, and Middle East & Africa.
Asia-Pacific Micro Irrigation Systems Market:
The Asia Pacific region is expected to grow fastest in the global market due to elements like rural farmers using micro irrigation systems more frequently and a growing demand for organic products. High adoption of advanced irrigation systems, such as drip and sprinkler irrigation for fertigation, is another factor in the region's shift toward developing new irrigation systems. In addition, government assistance to the irrigation industry is frequently part of a larger pro-rural policy framework intended to aid agriculture.
North America Micro Irrigation Systems Market:
North America is anticipated to hold a considerable market share in the global micro irrigation system market throughout the forecast years. High awareness about advanced precision farming techniques across countries such as the U.S., and Mexico and their high adoption among farmers across these countries are boosting the market growth. Moreover, the presence of key global market players such as Reinke Manufacturing, Lindsay Corporation, and others across the region is playing a major role in stimulating market growth in North America.
Europe Micro Irrigation Systems Market:
Europe was the dominant region in the global micro irrigation systems market. Water saving from irrigation accounts for approximately 15% of the yearly average of national agricultural water use in this region. The incorporation of remote control systems and geographic information systems are playing critical roles in the prospects of micro irrigation in this region. Spain is the primary consumer of micro irrigation in the region of Europe. Several reforms have been implemented by the government to control the nation's water demand. There are also public water rights, environmental taxes, and financial aid for the modernization of irrigation systems. Even though Spain's total agricultural land only makes up 13% of irrigated land, it produces 50% of the country's GDP.
Competitive Analysis:
The major players in the moderately fragmented micro irrigation systems market are concentrating on strategies that include portfolio expansions with investments in R&D as well as taking advantage of untapped opportunities in emerging markets. Market players may also be interested in collaborating with local players. The market is anticipated to grow by double digits in the coming years as governments increase the penetration of water efficiency and conservation powered by micro-irrigation systems.
Major Companies:
The major companies in the 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.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
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The Full Report has the below insights:
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022) and verifiable projections about market size during the forecast period (2023-2030).
- Visualize the composition of the global micro irrigation systems market segmentation by type, application, and region, highlighting the key commercial assets and players.
- By Type: Sprinkler & Micro Sprinkler Irrigation, Drip Irrigation, Bubbler Irrigation, Sub-Surface Irrigation
- By Application: Field Crops, Orchards & Vineyards, Plantation Crops, Others
- By Region: North America, South America, Europe, Asia Pacific and Middle East & Africa
- Identify commercial opportunities in the global micro irrigation systems market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as, porter's five forces analysis, supply chain analysis, pricing analysis, regulatory analysis.
- Excel data sheet with thousands of data points of global micro irrigation systems market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 61 market data tables, 64 figures and close to 180 pages.
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