The Global Micro Irrigation Systems Market Determined to Gain $10.67 Billion in Revenue by 2028

According to Triton’s research report, the global micro irrigation systems market, which reaped $3.12 billion in 2020, is likely to witness progress at 16.68% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Irrigation Systems Market’ entails the Global Analysis and Forecasts by Type of Crops (Orchard Crops, Field Crops, Plantation Crops, Others [Forage & Grasses]), Product (Drip Irrigation, Sprinklers), and by Geography (Asia-Pacific, North America, Middle East and Africa, Europe, Latin America).

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Triton’s report suggests that the global micro irrigation systems market is predicted to develop based on revenue at a CAGR of 16.68% during the assessed phase of 2021-2028. It is calculated to garner revenue worth $10.67 billion by 2028.

Micro irrigation systems, such as drip and sprinkler irrigation systems, assist in decreasing water wastage. Moreover, the micro irrigation method is required to enhance agricultural productivity, along with generating higher income.

The increasing interest in farmers to adopt micro irrigation systems, along with the concerns pertaining to freshwater conservation and declining water sources, are significant elements driving the studied market on a growth path. Micro irrigation is a time-saving and energy-saving method, enhancing crop yield. Some of the factors encouraging farms to adopt micro irrigation systems include improved crop protection, suppressed weed growth, and flood irrigation schemes. However, the high price of these systems, coupled with concerns associated with over-irrigation and clogging, are factors hampering the development of the micro irrigation systems market.

The micro irrigation systems market is sectioned into the type of crops and product. The type of crops segment is further divided into orchard crops, field crops, plantation crops, and others, including forage & grasses. Similarly, the product section is branched into drip irrigation and sprinklers.

Geographically, Asia-Pacific is expected to become the fastest-growing region in the micro irrigation systems market over the estimated phase 2021-2028. In India, the government is investing in the country’s farming sector to discover viable and cost-effective solutions in the market. Moreover, the government is supporting the integration of new technologies, transforming the agricultural industry. Further, the Japanese agricultural sector is among the early adopters of several advanced solutions for effective farming. Here, the adoption of micro irrigation systems helps aging farmers to enhance agricultural efficiency. Therefore, such developments are expected to fuel the growth of the micro irrigation systems market across the Asia-Pacific region.

Netafim Ltd, Jain Irrigation Systems Ltd (JISL), Valmont Industries Inc, Harvel Agua India Private Limited, Teco Srl, Toro Company, Dayu Irrigation Group Co Ltd, Elgo Irrigation Ltd, Rain Bird Corporation, Deere & Company, Agrodrip SA, Irrigation & Water Technologies (IWT), Nelson Irrigation Corporation, Mahindra EPC Irrigation Limited, Irritec SpA, Lindsay Corporation, T-L Irrigation Co, Rivulis Irrigation, Hunter Industries, Metzer, and Antelco Pty Ltd are distinguished companies profiled in the given market.

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Question & Answer: Micro Irrigation Systems Market

Question 1: What significant elements are driving the micro irrigation systems market on a growth path?

Answer: The increasing interest in farmers to adopt micro irrigation systems, along with the concerns pertaining to freshwater conservation and declining water sources, are significant elements driving the studied market on a growth path. Micro irrigation is a time-saving and energy-saving method, enhancing crop yield. Some of the factors encouraging farms to adopt micro irrigation systems include improved crop protection, suppressed weed growth, and flood irrigation schemes.

Question 2: What factors are hampering the development of the micro irrigation systems market?

Answer: The high price of these systems, coupled with concerns associated with over-irrigation and clogging, are factors hampering the development of the micro irrigation systems market.

Question 3: Which region is expected to become the fastest-growing in the micro irrigation systems market?

Answer: Geographically, Asia-Pacific is expected to become the fastest-growing region in the micro irrigation systems market over the estimated phase 2021-2028. In India, the government is investing in the country’s farming sector to discover viable and cost-effective solutions in the market. Moreover, the government is supporting the integration of new technologies, transforming the agricultural industry.

Further, the Japanese agricultural sector is among the early adopters of several advanced solutions for effective farming. Here, the adoption of micro irrigation systems helps aging farmers to enhance agricultural efficiency. Therefore, such developments are expected to fuel the growth of the micro irrigation systems market across the Asia-Pacific region.

Question 4: Which are the distinguished companies profiled in the micro irrigation systems market?

Answer: Netafim Ltd, Jain Irrigation Systems Ltd (JISL), Valmont Industries Inc, Harvel Agua India Private Limited, Teco Srl, Toro Company, Dayu Irrigation Group Co Ltd, Elgo Irrigation Ltd, Rain Bird Corporation, Deere & Company, Agrodrip SA, Irrigation & Water Technologies (IWT), Nelson Irrigation Corporation, Mahindra EPC Irrigation Limited, Irritec SpA, Lindsay Corporation, T-L Irrigation Co, Rivulis Irrigation, Hunter Industries, Metzer, and Antelco Pty Ltd are distinguished companies profiled in the given market.

Related Report:

Global Biopesticides Market

The global biopesticides market is probable to display growth in its revenue during 2019-2027 at a CAGR of 15.87%. It is predicted to attain revenue worth $12.81 billion by 2028.

Biopesticides are agents that are used to control plant pests, weeds, and diseases. Moreover, they are essentially microbial toxins that originated from microbes, such as fungus or bacteria, enhancing crop productivity.

Factors such as the growing organic food sector, along with reduced R&D costs relating to manufacturing and developing of biopesticides, are driving the global market’s progression. Along with this, the growing acceptance of biopesticides and enhancement of integrated pest management methods, is another set of factors opening several opportunities for the biopesticides market.

However, low shelf life and less potential for profit, fluctuating efficiency, and regulatory problems, are obstructing the global biopesticides market’s expansion on a large scale.

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