Microirrigation Systems Market: Key Players and Forecast

Factors such as higher yield requirement from a limited area, rapid growth in greenhouse vegetable production, and rise in usage of artificial intelligence in microirrigtaion systems are some of the factors driving the growth of the microirrigation system

(EMAILWIRE.COM, October 12, 2021 ) The increase in demand for organic food among consumers is driving the demand for microirrigation systems inboth developed and developing regions

The global microirrigation systems size is estimated to be valued at USD 9.7billion in 2021 and is expected to reach a value of USD 15.1billion by 2026, growing at a CAGR of 9.3%in terms of value during the forecast period.Factors such increase in organic farm area, rising initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture and increase in the production and yield of crops are some of the factors driving to the growth of the microirrigation systems market.

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The market for drip irrigation systems isestimated to have largest market share between 2021 and 2026 in Asia Pacific region

The market for drip irrigation systemsastype segment is growing at the fastest rate during the forecast period in Asia Pacific region.The growth in this region is driven by the increase in demand for agricultural products due to unreliable rainfall patterns, growing water scarcity issues, the adoption of innovative solutions in irrigation facilities, and government subsidies in various countries.

Orchard crops & vineyardshas the largest market share during the forecast period

Orchard crops comprise fruit and nut trees grown for commercial production. In tropical regions, crops such as acai, banana, coconut, guava, papaya, mango, and sapota are grown in orchards. In subtropical regions, avocado, citrus, custard apple, lychee, and olives are the most popular orchard crops, whereas almonds, apples, apricots, blackberries, blueberries, strawberries, cherries, cranberries, grapes, peaches, pears, and plums are grown in temperate zones. Orchards are present in various layouts, such as square, triangular, and hexagonal, and in contour farms, and they can be irrigated effectively with microirrigation systems.

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North Americamarket for microirrigation systemsis projected to grow at the second-highest CAGR during the forecast period

In North America, most of the irrigated areas use groundwater, as it is the only reliable water resource and used in conjunction with pressurized irrigation equipment or pumping. This region has continued to be a major consumer of drip irrigation systems. Freshwater resources are of great environmental and economic importance to the region. However, the distribution of these resources varies across regions. Small farmers in the US are gradually adopting microirrigation systems, primarily due to concerns over water allotment in the midwestern states. Thus, the need to improve per-hectare crop yield is another opportunity for the growth in demand for microirrigation systems in North America.

Some of the major players in the market includeJain Irrigation Systems Limited (India), Netafim Limited (Israel), The Toro Company (US), Lindsay Corporation (US), EPC Industries (India), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), T-L Irrigation (US), Hunter Industries (US), Rivulis Irrigation Ltd (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation (Israel).

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