Micro Irrigation Systems Market is Expected to Thrive at a CAGR of 31.6% Forecast period 2021-2031 | Netafim Ltd., Lindsay Corporation, T-L Irrigation Co

The global Micro Irrigation Systems Market was valued at USD 1.5 Billion in 2021 and it is anticipated to grow up to USD 23.4 Billion by 2031, at a CAGR of 31.6% during the forecast period.

Micro irrigation systems are irrigation systems that use small, localized water delivery systems, such as drip irrigation, sprinklers, or micro sprinklers, to water crops. These systems are often used in areas with limited water resources, such as arid or semi-arid regions. Micro irrigation systems can be used to water both small and large areas, and can be used for a variety of crops.

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Market Trends and Drivers

Growing concerns pertaining to agricultural losses have triggered a paradigm shift towards advanced irrigation system that minimizes water usage and supports sustainable farming measures. Factors such as efficient use of fertilizers and increase productivity in limited water & land resources are anticipated to propel the overall micro irrigation system market share. Also, key aspect of micro irrigation system to support soil health management will further promulgate overall market growth. Increasing necessity to reduce labor cost and minimize production cost will also fuel product penetration rate. Inadequate rainfall for past few years has accentuated the need for novel techniques that will help agricultural crop growth and support landscape maintenance. As per FAO, world's population is expected to grow to almost 10 billion by 2050, thus boosting agricultural demand. Higher demand for fruits and vegetables owing to increase in income growth of low and middle level countries will further create positive application outlook for micro irrigation system manufacturers over the projected timeframe.

Market Restraints and Challenges

The key restraints and challenges in Micro Irrigation Systems market are lack of awareness among farmers: There is lack of awareness among farmers about the benefits of micro irrigation systems, which is restraining the growth of the market. High initial investment: The initial investment required for installing micro irrigation systems is high, which is another challenge faced by the market. Lack of trained personnel: There is a lack of trained personnel to install and maintain micro irrigation systems, which is another challenge faced by the market.

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Global Micro Irrigation Systems Market Segmentation

By Product

• Sprinkler Irrigation
• Drip Irrigation

By Crop Type

• Plantation Crops
• Field Crops
• Orchard Crops
• Others

Major Players in the Global Micro Irrigation Systems Market

The micro-irrigation systems market is consolidated, with the top five companies accounting for more than 60% of the market share. With the governments boosting the penetration of water conservation and efficiency driven by micro-irrigation systems, the market is expected to witness double-digit growth in the future. The major players in the market include Valmont Industries, Inc., Hunter Industries, The Toro Company, Jain Irrigation Systems Ltd., Nelson Irrigation Corporation,Netafim Ltd., Lindsay Corporation, T-L Irrigation Co., Rain Bird Corporation and Rivulis Irrigation Ltd. among others.

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Reasons to buy Micro Irrigation Systems Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
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• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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