The global micro irrigation systems market size is expected to register figure of USD 16.83 billion by 2032, while exhibiting a promising CAGR of 6.32% during the forecast period. According to Fortune Business Insights in the report titled “Micro Irrigation Systems Market Size, Share & Industry Analysis, By Type (Drip Irrigation and Sprinkler Irrigation), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Agriculture and Industrial), and Regional Forecast, 2020 - 2032,” the growth of the micro irrigation systems market will be driven by the increasing adoption of advanced techniques and supportive government policies aimed at enhancing crop quality.
A key factor fueling the global expansion of the market is the growing area covered by micro irrigation systems. The ease of mechanization and the suitability of these systems for both widely spaced and closely spaced crops are contributing significantly to market growth.
Information Source: https://www.fortunebusinessinsights.com/micro-irrigation-system-market-102839
Micro-irrigation, also known as localized irrigation, low-flow irrigation, trickle irrigation, and low-volume irrigation, is an advanced method that uses less water and pressure compared to traditional irrigation techniques. This approach provides precise amounts of water and nutrients directly to the plant roots, enhancing crop quality and yield. It's especially effective in areas with high alkalization and salinization that impact soil fertility. The two primary techniques within micro-irrigation are drip irrigation, which delivers water slowly to the soil through a network of tubing and emitters, and sprinkler irrigation, which distributes water over crops via a system of pipes and sprinklers.
What does the Market Report Include?
The market report offers a comprehensive overview of the micro-irrigation systems market, covering:
Drivers and Restraints:
Large-Scale Adoption of Land under Micro-Irrigation amid COVID-19 Threat to Drive the Market
As water resources become scarcer and the demand for high-quality crops rises, growers worldwide are expanding their use of micro-irrigation. The technique's ease of mechanization and efficiency in cultivating a diverse range of crops are driving its adoption among commercial property owners. This trend is anticipated to fuel market growth throughout the forecast period. For example, despite the economic downturn caused by the COVID-19 pandemic, Tamil Nadu, India, made significant strides in agriculture. In the financial year 2019-2020, the state led the nation in the area covered by micro-irrigation, with approximately 206,853.25 hectares under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). The growing use of this technique, due to its numerous benefits for crops, is expected to further propel market growth during the forecast period.
Regional Analysis:
Asia-Pacific to Remain Dominant; Adoption of Smart Farming Techniques to Fuel Growth
During the forecast period, the Asia-Pacific region is expected to lead the market. With a market share of USD 2.97 million in 2019, the adoption of smart farming techniques is anticipated to drive further growth in the region. Additionally, increased investments from major players, driven by lucrative opportunities to capture significant market revenue from micro-irrigation systems, will support this growth.
In contrast, North America is projected to experience substantial growth during the same period. This growth is largely due to the high level of awareness and adoption of advanced farming techniques in countries like the U.S. and Mexico.
Competitive Landscape:
Merger and Acquisition by the Private Players to Promote Growth