Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Micro-irrigation systems are an advanced irrigation system that provides water to the cultivation land in the form of sprinkles and spray. This system can be classified into sprinkler irrigation, lateral, move irrigation, drip irrigation, and center-pivot irrigation. Micro-irrigation systems are highly efficient solution in term of optimizing water consumption for crops and safeguard crop from abiotic and biotic stresses.
The global micro irrigation systems market was estimated to account for US$ 5,687. Mn in terms of value by the end of 2019.
Growing awareness regarding the benefits of the micro irrigation systems among farmers is predominantly fueling the market growth. These systems are gaining momentum in the market due to the growing concern of water scarcity and the rising need for improving crop yield. Also, an increasing population which is creating demand for food is further anticipated to foster the market growth of the micro irrigation systems over the forecast period.
Growing government initiatives for promoting the use of micro-irrigation systems among farmers due to rising concern over water scarcity is expected to propel the market growth. With the increase in the population, there is a continuous rise in demand for water and food. Thus, micro-irrigation system has become an important tool in the agriculture industry for increasing crop production at the same time reducing water consumption on the field.
Figure 1. Global Micro Irrigation Systems Market Share (%) in terms of Value, By Region, in 2019
Asia Pacific region dominated the global micro irrigation systems market in 2019, accounting for 31.7% share in terms of value, followed by North America and Europe respectively.
Lack of technical experts for managing and controlling the micro irrigation system equipment is expected to hinder the market growth. Micro irrigation systems are automated hence required skilled labor for its operation.
High investment and continuous maintenance cost associated with the micro irrigation systems is restricting the adoption of this system. Moreover, the cost of micro irrigation systems is much beyond the purchasing capacity of the small farmers across developing regions. This is expected to hamper the market growth of the micro irrigation systems.
Micro Irrigation Systems Market Report Coverage
||Market Size in 2019:
||US$ 5,687.1 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 21,362.5 Mn
- North America: U.S., Canada
- Latin America: Brazil, Argentina, Mexico, Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Africa
- By Type: Sprinkler irrigation, Drip Irrigation, Center-Pivot Irrigation, and Lateral Move irrigation
- By Crop Type: Plantation Crops, Orchard Crops, Field Crops, Forage & Turf Grasses, and Other Crops
- By Application: Agriculture, Large Gardens, Lawns (Household), Public Parks, Sports Grounds, and Other Applications
Netafim, Jain Irrigation System Limited, John Deere & Company, EPC Industries, ELGO Irrigation Ltd., Hunter Industries, Inc., Lindsay Corporation, Valmont Industries, Inc., and Rain Bird
- Growing awareness regarding the benefits of the micro irrigation systems
- Growing government initiatives for promoting the use of micro-irrigation systems
|Restraints & Challenges:
- High investment and regular maintenance cost associated with the micro irrigation systems hinders the market growth
The market of micro irrigation systems exhibits strong growth opportunities in the Asia Pacific region, especially in India. According to the Coherent Market Insights analysis, of the total 69 million hectares area under cultivation in India, only 5 million hectares is under sprinkler and drip irrigation. Thus, there is a large untapped Indian market offering tremendous growth potential for micro irrigation systems market.
The ability of micro irrigation systems to avoid the growth of the weed and enhance the yield production is projected to provide lucrative opportunities. Moreover, this system also saves nutrient content present in above and below the soil surface which is further expected to increase product penetration. Furthermore, unfavorable climatic conditions across MEA regions will favor the market growth of the micro irrigation systems.
Figure 2. Global Micro Irrigation Systems Market– Opportunity Analysis
Market Trends/Key Takeaways
Increasing adoption of advanced farming technology is a growing trend in the market and this is expected to augment the market growth of micro irrigation systems. Growing demand for sprinklers as it helps in displacing water over a large distance in the field is also expected to propel the market growth of the micro irrigation systems. Also, advancement in the sprinkler system by the manufacturer is further anticipated to foster the market growth of micro irrigation systems.
Shifting trend towards micro farming of plantation across the residential sector is significantly driving the market growth of the micro irrigation systems. Growing cultivation crops such as maize, cotton, corn, and wheat on the field that require water conservation over a large area are further escalating the demand for center-pivot irrigation system which is again augmenting the market growth of the micro irrigation systems over the forecast timeframe.
Figure 3. Global Micro Irrigation Systems Market Share (%) in terms of Value, By Type, in 2019
On the basis of type in 2019, the sprinkler system has accounted the largest market share of 46.8% in terms of value, followed by drip and center-pivot respectively.
Global Micro Irrigation Systems Market - Impact of Coronavirus (Covid-19) Pandemic
The coronavirus flare-up is relied upon to expand the interest for horticultural items over the globe as consumers due to the lockdown and pandemic situation are alarm purchasing the basic wares including the agrarian items. Additionally, government across countries are supporting the ranchers with the dispatch of various activities to use the procedure of recuperation just as improved rancher government assistance. The previously mentioned reasons are key elements adding to the development of the micro irrigation system market.
- Jain Irrigation System Limited
- John Deere & Company
- EPC Industries
- ELGO Irrigation Ltd.
- Hunter Industries Inc.
- Lindsay Corporation
- Valmont Industries Inc
- Rain Bird