Global micro irrigation systems market is estimated to be valued at US$ 7,572.51 Million in 2021, according to the Global Micro Irrigation Systems Market Report, 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), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.  

Global micro irrigation systems market was valued at US$ 7,572.51 Million in 2021 and is expected to register a CAGR of 5.4% over the forecast period (2022–2030), to reach US$ 12177.1 Million by 2030.

Micro irrigation systems provide water to the crop at the frequent interval to the surface of the soil. They are basically low- or medium-pressure a system that provides water in the form of spray, drip, and sprinkles. Micro-irrigation systems is an efficient solution as compared to conventional irrigation system. They are gaining huge demand due to growing concern over water scarcity.

The coronavirus outbreak is expected to increase the demand for agricultural products across the globe as consumers due to the pandemic and lockdown situations are panic buying the essential commodities including the agricultural products. Moreover, government across nations are supporting the farmers with the launch of a number of initiatives to leverage the process of recovery as well as enhanced farmer welfare like  Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) launched in 2015, Pradhan Mantri Fasal Bima Yojana launched in 2022. The aforesaid said reasons are key factors contributing to the growth of the micro irrigation systems market.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/micro-irrigation-systems-market-4051

Browse 50 market data tables* and 40 figures* on "Global Micro Irrigation Systems Market” - Forecast to 2030.

Key Trends and Analysis of the Global Micro Irrigation Systems Market:

  • Governments of various countries are offering subsidies of up to 50% for small farmers on the price of irrigation systems. Moreover, in India some state governments (Andhra Pradesh) offer subsidies of around 90% on the price of irrigation systems such as Pradhan Mantri Krishi Sinchai Yojana (PMKSY) started in 2015. This is one of the growing trend in the industry. Moreover, the growing use of drip irrigation in chemigation and fertigation is further anticipated to foster the market growth of micro irrigation systems.
  • Advancement in technology by key players in the micro irrigation system is a major trend in the market. For instance, In February 2021, Rother Farming started trials for its new N-Drip micro irrigation systems. The company claims that the systems will be able to save water resources by approximately 25%, without being as capital intensive as lateral irrigation options.

Key Takeaways of the Global Micro Irrigation Systems Market:

  • On the basis of type, sprinkle segment dominated the global micro irrigation systems market in 2021 with a 46.8% of market share in terms of value, followed by drip and center-pivot respectively.
  • Asia-Pacific has proved to be the fastest growing micro irrigation systems market. China is one of the leading manufacturers of micro-irrigation system components with a market share of US$ 1.5 Billion in 2021. China exports micro-irrigation system components to many countries. Its exports are further expected to grow in the future. India is largely dependent on rainfed agriculture. The use of a micro-irrigation system may help the Indian agricultural sector reduce its dependence on rain and increase productivity. The most popular technologies used in India are drip irrigation and sprinkler irrigation. Drip irrigation has the highest market share in India. According to Ministry of Agriculture & Farmers Welfare, India, The Indian government approved micro-irrigation coverage by doubling the Micro Irrigation Fund (MIF), created in collaboration with the National Bank for Agriculture and Rural Development (NABARD), to US$ 1.32 billion in 2021-2022. 
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the micro irrigation systems are key strategies adopted by players in the global micro irrigation systems market. For instance, in May 2021, the Abdul Kalam Technological University situated in Uttar Pradesh announced the development of a software in collaboration with the Kerala Irrigation Infrastructure Development Corporation Ltd. for applications in automated community micro irrigation systems to improve crop yield.

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