April 28, 2021
According to the research report titled ‘Global Micro Irrigation Systems Market 2019-2027’, available with Market Study Report LLC, worldwide micro irrigation systems market is anticipated to grow with a CAGR of 17.26% through 2027.
Rising population leading to escalating demand for food security, favorable government policies, and intensifying water scarcity are driving the growth of worldwide micro irrigation systems market. Moreover, adoption across nurseries and commercial garden, in tandem with focus on optimum use of freshwater are augmenting the market outlook.
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Micro irrigation is a method that makes use of less flow & pressure of water as compared to conventional irrigation methods. With the help of specialized tools, less water is used for irrigating the crops. Mainly, drip irrigation and sprinkler irrigation techniques are used for micro irrigation. The technique helps in preventing overuse of water, minimizing soil erosion, and thus increasing the agricultural output.
However, micro irrigation systems are dearer, which along with concerns of over irrigation and clogging hamper the growth rate of industry. Additionally, the farmers are not readily adopting the innovative technologies as they are tough to maintain, which is again a restraint that market players will have to tackle.
Based on type, worldwide micro irrigation systems market is divided into drip, and sprinklers. Speaking of crop type, the industry is fragmented into orchard crops, plantation crops, field crops, and forage & grasses.
Moving on to regional outlook, North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa are significant contributors towards global micro irrigation systems market remuneration.
The report cites that North America is likely to take over the global micro irrigation systems market growth trajectory over 2019-2027. The regional growth is credited to availability of vast land spaces for irrigation.
Key contenders in worldwide micro irrigation systems market include Driptech Inc., Elgo Irrigation Ltd., Antelco Pty Ltd., Irritrol Systems, Irrigation & Water Technologies Holdings Pty Ltd., Chinadrip Irrigation Equipment Co. Ltd., Hunter Industries, Mahindra EPC Irrigation Limited, Netafim, Nelson Irrigation Corporation, Lindsay Corporation, Jain Irrigation Systems Ltd., Toro Company, T-L Irrigation Company, Rivulis Irrigation Ltd., Rain Bird Corp., John Deere, and Valmont Industries Inc.