Micro Irrigation System Market - Latest Trends, Size, Share, Price, Global Industry Growth, Scope and Forecast to 2027 by Top Leading Companies

Market overview:

Micro-Irrigation System Market is expected to grow at a 15% CAGR from 2020 to 2027, reaching USD 14 billion by the end of 2027.

The increased level of urbanization necessitates a significant increase in the global Micro Irrigation System Market, particularly during the forecast period. One of the most important factors is that market products can fit into small and compact spaces. It also aids in the reduction of installation, civil, and labor costs. These factors will aid the market's expansion and operations during the forecast period, which concludes in 2028. Another factor driving the market's growth by the end of the forecast period is an increased demand for the availability of freshwater resources. Farmers can maintain the same yield levels even during a drought year by using micro-irrigation systems because the required use of water resources ensures a high yield with such systems. These are some of the key drivers driving the growth of the Micro-irrigation System Market in tropical countries where droughts are common.

The arrival of the novel coronavirus pandemic has affected market size. The markets have been experiencing a shortage of resources and skilled labor, limiting the market's ability to meet the growing needs of the target audience. As a result, markets and governments are increasing their investment in research and development departments to prevent water waste and promote optimal and prudent use. Several global food companies have taken steps in recent years to market their products sustainably produced. This is a distinguishing feature of the final products, which has proven profitable for businesses and increased their market share. Micro-irrigation systems are one of how the company can ensure that raw material production is done sustainably. A Micro-irrigation system removes excess water not consumed by crops, thereby limiting environmental degradation and water table depletion. This is an opportunity for the Micro-irrigation System Market because these agricultural and food companies operate on very large scales, either using their farms or contracting through small farmers.

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Market segmentation:

The Global Micro-Irrigation System Market is segmented based on Crop, Type, Component, and End-User.

According to the crop:

Vineyards and Orchard Crops
Plantation Crops
Field Crops
Others

According to the type:

Drip
Micro Sprinkler

According to the component:

Irrigation Valve
Drip Emitter
Filters
Micro Spray
Polyethylene Tubing

According to the end-user:

Industrial Users
Farmers
Others

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Regional analysis:

The Global Micro-Irrigation System Market is segmented geographically into North America, Asia-Pacific, Europe, and the Rest of the World. 

The Asia-Pacific market is expected to grow at the fastest CAGR due to rising demand for organic products and increased adoption of micro-irrigation systems by rural farmers. Moreover, the widespread use of advanced micro-irrigation systems for fertigation, such as drip and micro-sprinkler irrigation, is also the driving factor for the market in this region. The government is also investing in irrigation as part of a larger pro-rural policy package to boost agriculture. 

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Recent developments:

Netafim USA, a Netafim Ltd subsidiary, launched its new AlphaDiscTM filter in February 2022, a new filter designed to protect irrigation systems from clogging caused by organic contaminants.
In August 2021, Jain Irrigation Systems, United Planters' Association of Southern India (UPASI), and NaanDanJain Irrigation joined forces with The Consulate General of Israel in South India to launch a Smart IoT Irrigation Project in Ooty, Tamil Nadu. Smart IoT Irrigation is an innovative Israeli technique that helps farmers achieve higher crop yields with less water.

Read More Blogs:

Smart Irrigation Market: https://www.marketresearchfuture.com/reports/smart-irrigation-market-2529

Drip Irrigation Market: https://www.marketresearchfuture.com/reports/drip-irrigation-market-8252

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