Greenhouse Irrigation System Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG926 | Last Updated On: Jun 24 2022 | Available Formats

> Global Greenhouse Irrigation System Market Expected to reach at a high CAGR by 2029: DataM Intelligence

Global Greenhouse Irrigation System Market is segmented By Type (Drip Irrigation, Surface Irrigation, Subsurface Irrigation, Micro-sprinkler Irrigation), By Application-based Analysis (Vegetable plants, Fruit plants, Flowers, Nursery Crops), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2022-2029

 

Market Overview

The Global "Greenhouse Irrigation System Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).

  • Greenhouse irrigation is defined as a method of spraying crops by supplying water to the soil surface through drip tubes sprinklers.
  • This system is used when labor is scarce, or where there is precise and frequent irrigation needed without wastage of water.
  • These enable climate control which makes crop cultivation suitable irrespective of the seasons.

Market Dynamics

  • The greenhouse irrigation systems market is primarily spurred by the rising population coupled with food requirements worldwide.
  • According to the United Nations, the world population is expected to cross the 8 billion mark by 2030. This would further result in higher food consumption, thus enhancing the demand for efficient irrigation techniques.
  • Greenhouse Irrigation Systems ensure good agricultural growth and better yield by supplying an adequate quantity of water at frequent intervals. The ability to cultivate crops round the year, increasing population, and government support are significant drivers for the growth of the greenhouse irrigation system market.
  • Consequently, the adoption of greenhouses is expected to grow significantly in the coming years resulting in higher demand for greenhouse irrigation systems.
  • However, the high cost of installation and maintenance, and lack of awareness are hindering the growth of this market.

Segmentation Analysis

  • Based on the type the global greenhouse irrigation system market is broadly segmented as drip irrigation, surface irrigation, and micro-sprinkler irrigation.
  • Among all these, drip irrigation accounted for a significant market share and is expected to grow at a high CAGR of XX%. Due to its low operational, and irrigation water can be used at a maximum efficiency level, and water losses can be reduced to a minimum compared to other irrigation methods.

Geographical Analysis

  • The global Greenhouse Irrigation System market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region accounted for significant market share and is predicted to grow at a high CAGR in the forecast period.
  • It is owing to changing climatic conditions in this region. Also, the greenhouse irrigation systems market is surging mainly because of the rising population in this region coupled with food requirements along with government sanctioning loans and support to establish greenhouses to meet the demand of the increasing population in this region.
  • According to worldometer, the increase in the population during 2017–2018 in the Asia Pacific was 40 million.

Competitive Analysis

  • Significant players of the global greenhouse irrigation system market are Netafim Ltd., Rivulis Irrigation, The Toro Company, Lindsay Corporation, Jain Irrigation Systems Ltd., Rain Bird Corporation, Nelson Irrigation Corporation, Irritec S.P.A., and others.
  • The global greenhouse irrigation system market is fragmented due to the participation of many established and emerging players. The majority of them are adopting a few key strategies such as expansions, product launches, mergers and acquisitions, and others to maintain their share in the global greenhouse irrigation system market.
  • For instance, in March 2019, Netafim announced that it is implementing four large community irrigation projects across 100 villages in India. In February 2019, Bayer, Netafim, and Ben-Gurion University collaborated on the integration of digital tools for optimizing drip irrigation.

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