Microirrigation Systems Market trends research and projections for 2017-2024

Microirrigation Systems Market size may witness healthy growth during forecast period with applications in agricultural industry. Rising demand for agricultural output with ever increasing population is main driver for its consumption. Concerns regarding water scarcity and government initiatives for water conservation has generated requirement of efficient distribution mechanism and anticipated to boost micro irrigation systems market.

There has been continuous increase in urban population and till 2030, more than 70% of overall world population shall move towards urban areas. Urban population has increased by around 1 billion in last ten years that has led to expansion of cities and industrial sector. Expansion has reduced the availability of arable land for cultivation of crops and degraded the fertility of soil. Need for precision farming techniques is expected to propel microirrigation systems market.

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Growth in middle class population has reduced the agricultural workforce and increasing government subsidies for has fuelled its consumption. Farmers have increased their investment in advanced irrigation technologies to enhance their yield and to overcome draught like situations. Further, high energy and water cost has given a positive outlook for micro irrigation systems market.

Microirrigation systems are innovative farming technology having set of pipes, valves and compressors that increases agricultural production and saves water. It has the ability increase the yield by more than 200% and can save water by over 60%. These can be applied for almost all the crops and can cover large area of land. It is ideal for topography with problematic soil and low water availability. It decreases the possibility of soil erosion and solves weed problem.

Major restraint for microirrigation systems market is high initial investment and maintenance cost. These are not feasible and economical for cultivation in small area. Non availability of electricity in remote areas and low level of commercialization may pose as a challenge for its growth in near future. However, government financial schemes and cost effective equipments by companies to enhance their penetration shall neutralize these restrictions in longer run.

Based on product, micro irrigation systems market is segmented into micro sprinkler and drip irrigation. Micro sprinkler has major share with strong demand for protected farming practices. These help in better distribution of water and cost effective for low value field crops. It is flexible, easy to use and have huge demand in emerging economies. Drip has moderate share and shall show healthy growth with application in hilly and undulating terrains.
Based on crops, microirrigation systems market is classified as vineyards, orchard crops, field and plantation crops. Orchard crops and vineyards account for major share with use for vegetable and fruit production. Consumption of vegetable and fruits have enhanced with rise in vegan population. Field and plantation crops such as cotton, coffee and tea shall grow by 14% in regions such as Asia Pacific and will depict healthy growth in forecast period.

With respect to application, micro irrigation systems market is segmented as small, large & corporate and government farming. Large and corporate has major share owing to huge farming facilities. These have high consumption with availability of investments and large amount of land. Small farming has moderate share and account for low scale farmers. Increase in government subsidies and grants shall spur its demand in this segment.

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North America led by the U.S., Canada and Mexico account for substantial share in global microirrigation systems market to achieve higher yields and better quality output. Further its growth is attributed to ban on chemical fertilizers. Asia Pacific has significant share owing to large population and decrease in availability of arable land. Countries such as India have agriculture based economy and presence of major players namely Jain Irrigation enhances product availability.

Latin America led by Brazil and Argentina has moderate share in micro irrigation systems market with expansion in farmlands and awareness among farm cultivators regarding its benefits. Growth in demand of plantation crops and Brazil as largest producer of coffee shall propel its consumption. Middle East & Africa has nascent share and expected to grow with limited availability of fertile land.

Microirrigation systems market is consolidated with prominent players that include Toro Company, Rain Bird and Jain Irrigation. Other players are Valmont Industries, EPC Industries, Netafim, Lindsay Corporation, Nelson Irrigation, Deere & Company, Rivulis and NaanDan Jain Irrigation. Companies such as Jain Irrigation are providing custom made products to increase their market share. It provides drip lines, tubes, tapes and filters as per customer requirement.

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