The Global Micro Irrigation Systems Market at CAGR of 16.68% by 2028

Triton Market Research presents the "Global Micro Irrigation Systems Market" segmented by Type of Crops (Plantation Crops, Orchard Crops, Field Crops, Others [Forage & Grasses]), Product (Drip Irrigation, Sprinklers), and by Geography (Asia-Pacific, Middle East and Africa, Latin America, North America, Europe). The report further discusses the Market Summary, Industry Outlook, Market Definition, Impact of COVID-19, Porter's Five Forces Analysis, Vendor Scorecard, Market Attractiveness Index, Market Attractiveness Index, Key Impact Analysis, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's report depicts that the global micro irrigation systems market is predicted to progress in revenue at 16.68% of CAGR during the evaluated phase of 2021-2028.

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Micro irrigation refers to regular and direct application of small quantities of water to the soil surface. This method is needed to improve agricultural productivity and generate higher income. Here, micro irrigation systems are low or medium pressure systems that help distribute water through sprinklers, spray, and jet.

The growing demand from nursery and commercial gardens, along with favorable government initiatives, are opening multiple avenues for the micro irrigation systems market. For instance, micro irrigation techniques primarily help offer efficient systems with low operating pressure, while also reducing water wastage in a nursery. These systems are gaining significant traction as they are considered to be better compared to other traditional systems. However, the high cost of micro irrigation systems and concerns pertaining to over-irrigation and clogging, are hampering the overall development of the studied market over the forecast period.

Asia-Pacific holds the largest market share for the micro irrigation systems market, and is anticipated to continue dominating the market till 2028. The growing cultivation of plantation crops mainly motivates the adoption of micro irrigation systems, including central pivots, to ensure efficient water supply over a large field. Moreover, the surging trend of small-scale agricultural facilities in rural areas is another factor likely to boost the demand for micro irrigation solutions, such as sprinkles and drip irrigation. Above all, the rising number of government initiatives are also estimated to stimulate the need for these systems. Hence, as mentioned above, these factors are mainly supplementing the micro irrigation systems market across the APAC region.

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

Due to less brand popularity and favorable government policies, the threat of new entrants is high in the studied market. For instance, governments across regions are encouraging farmers to implement micro irrigation systems by offering necessary subsidies. Simultaneously, the presence of several market players and trivial brand loyalty have significantly increased the rivalry among the existing players. Hence, the threat of new entrants and competition among current players are expected to remain at a higher level over the projected phase.

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