Microirrigation Systems Market: Global Outlook, Trends and Forecast to 2026
by Mit K. SEOWater is an essential for agricultural production and thus
it plays a key role in food safety. Irrigated agriculture is considered to be
at least twice as productive per unit of land compared to rainfed agriculture.
It further facilitates increased production and crop diversification. Due to
factors such as rising populations, increasing urbanization and climate change
the share of freshwater resources used for agriculture is estimated to decrease
in the near future. Currently agriculture accounts for use of 70% of total
freshwater according to insights from World Bank. Re-allocation of water
resources towards water-stressed agricultural areas is necessary, and in such
areas, water needs to be used very responsibly without any excess wastage. The
use of modernized microirrigation systems is a potential solution for enhancing
the use of water resources, cutting down upon the overall quantity of water
used and also providing the crop with the right amount of water required for
its optimal growth.
The global microirrigation
systems market size was estimated to be valued at USD 9.7 billion in
2021 and is expected to reach a value of USD 15.1 billion by 2026, growing at a
CAGR of 9.3% in terms of value during the forecast period. 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 systems market. Over the years, substantial investment is made
by global players in developing modern farming practices due to their higher
returns on investment.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=566
Key insights & trends:
Benefits to precision agriculture: Globally food
producers are becoming aware regarding the benefits of use of biological crop
inputs such as pesticides and crop protectants and also regarding effective and
modern methods of precision agriculture. Microirrgation plays a key role in
precision agriculture as the farmer can decide on whether there are certain
parts of the crop that may have different needs which is either watering or
fertilizing. Both can be done using microirrigation, ensuring optimal supply of
fertilizers to crops in a timely manner.
Rising use in green houses: According to HortiDaily,
the January 2019 statistics of for global greenhouse vegetables were around
496,800 hectares. Greenhouses are being increasingly used for cultivation of
high value cropping such as horticulture and ornamentals. According to Canadian
statistics, vegetable bedding plant sales rose 15.9% to USD 172.9 million,
while sales of ornamental bedding plants increased 12.1% to USD 232.7
million. The primary advantage of the
drip irrigation system being that it saves water and nutrients (by supplying
them exactly for the optimal growth of the plant) and, in addition, they
maintain a constant level of humidity in the soil without causing puddles or
dryness which why their installation in greenhouses in rising.
The drip irrigation segment of the microirrigation
systems market is estimated to account for the largest market share, by type
By type, the drip irrigation segment dominated the
microirrigation systems market. Drip irrigation also referred to as trickle
irrigation, is a major type of microirrigation system. In drip irrigation,
water is applied to each plant separately in small, frequent, precise
quantities through dripper emitters. It is the most advanced irrigation method
with the highest application efficiency. With drip irrigation, low soil
moisture tensions in the root zone can be maintained continuously with frequent
applications. The dissolved salts accumulate at the periphery of the wetted
soil mass, and the plants can easily obtain the moisture needed.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=566
Asia Pacific is the fastest-growing market during the
forecast period in the global microirrigation systems market
The Asia Pacific region is projected to be the fastest
growing in the global microirrigation systems market due to factors such as
increasing adoption of microirrigation systems among rural farmers and rising
demand for organic products. Also, as the region is shifting its focus on the
development of new irrigation systems, there is high adoption of advanced
irrigation systems such as drip & sprinkler irrigation for fertigation.
Along with this, the government’s support of the irrigation sector is often a
component of a broader pro-rural policy package that aims to support
agriculture.
Key players in this market include Jain 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), Antelco Pty Ltd (Australia), Microjet
Irrigation Systems (South Africa), Irritec (US), Metro Irrigation (India),
Irritec S.p.A. (Italy), Irrigation Direct Canada (Canada), Drip Research
Technology Solutions (Turkey), DripWorks Inc. (US), and Raindrip, Inc. (US).
Sponsor Ads
Created on Mar 15th 2022 07:27. Viewed 149 times.