Microirrigation Market Booms: Driven by Water Scarcity and Precision Farming
The microirrigation systems industry is estimated at USD 10.4 billion in 2022 and is projected to reach USD 17.8 billion by 2028, at a CAGR of 9.4% from 2023 to 2028. Advancements in technology have significantly improved the efficiency and effectiveness of microirrigation systems. Automation and control systems allow for precise monitoring and management of water applications, ensuring optimal irrigation scheduling and reducing human error. Additionally, innovations in sensor technology, remote monitoring, and data analytics have enabled real-time monitoring of soil moisture levels, weather conditions, and crop water requirements, leading to improved irrigation management.
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Micro-sprinkler is estimated to be the fastest-growing segment during the forecast period
Micro sprinklers provide uniform water distribution across the field or garden. They can be strategically placed to cover specific areas or individual plants, ensuring that each plant receives an adequate amount of water. This precision helps in optimizing water usage and promotes healthy plant growth. In general, micro sprinkler systems function at lower pressures and flow rates than traditional sprinklers, resulting in decreased energy needs for water pumping.
The plantation crops segment is projected as the fastest-growing segment during the research period
Plantation crops is the fastest-growing segment during the forecasted period. Tea, coffee, and cocoa are some of the majorly cultivated plantation crops. Plantation crops are well-known for producing a high yield per unit area. They are carefully selected and bred for maximum production, resulting in a large output of raw materials, or finished goods. Plantation crops are generally cultivated continuously over a period of many years. These crops' management practices, such as mulching, terracing, and contour plowing, assist to prevent soil erosion and preserve soil fertility.
Microirrigation Systems Market Trends
The microirrigation systems market is experiencing steady growth, driven by several key trends:
· Water scarcity and efficiency: With increasing droughts and pressure on limited water resources, farmers are turning to microirrigation systems for their efficient water application. These systems can deliver water directly to the plant root zone, minimizing waste.
· Government initiatives: Governments in many countries are promoting microirrigation through subsidies and incentives for farmers. This is especially true in developing economies with a large agricultural sector, like India's Per Drop More Crop scheme.
· Yield improvement: Studies have shown that microirrigation can significantly increase crop yields compared to traditional methods like flood or furrow irrigation. This is due to better water management and targeted application at the root zone.
· Technology advancements: The market is seeing continuous development in microirrigation technology. This includes automation, sensors, and integration with precision agriculture practices for improved monitoring and control.
· Shifting preferences: Farmers are increasingly looking for sustainable and cost-effective irrigation solutions. Microirrigation fulfills both these criteria, leading to a shift away from conventional irrigation systems.
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Microirrigation Systems Market Share
· Jain Irrigation Systems Ltd. (India)
· The Toro Company (US)
· Netafim (Israel)
· Nelson Irrigation (US)
· Rain Bird Corporation (US)
· Finolex Plasson (India)
· Mahindra EPC Irrigation Limited (India)
· T-L Irrigation (US)
· Hunter Industries (US)
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