Microirrigation Systems Market worth $15.1 billion by 2026

The global microirrigation systems market size is 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.

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By crop type, the orchard crops & vineyards segment accounted for the highest share in the microirrigation systems market. Microirrigation is possibly the most efficient form of irrigation for vineyards, as there is minimal runoff and evaporation; water and nutrients are applied directly to the root zone. Irrigation scheduling can be managed precisely to meet grapevine demands, holding the promise of increased yield and fruit quality. Emitters evenly spaced on the tubing ensure that water is distributed uniformly to each plant. The emission device and its flow rate and spacing depend on the age of the vines being grown and the soil texture. Microirrigation is known for its flexibility.

By end user, farmers segment is projected to have the highest CAGR during the forecast period. The improvement in agricultural productivity due to the adoption of microirrigation systems is not confined to large end users, such as corporates. Many small and medium farmers in Africa, Asia, and the Middle East make their livelihood from agriculture practices. Israel that witnesses water scarcity has become a water surplus nation as it adapted microirrigation practices, particularly drip irrigation, that saves nearly three-fourths of the water used for irrigation done through open canals.

The Asia Pacific market is projected to dominate the market due to the rising demand for organic products, increasing acceptance of microirrigation systems among rural farmers, and high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. The government’s support of the irrigation sector is often a component of a broader pro-rural policy package that aims to support agriculture. A majority of the countries in the Asia Pacific region (such as Malaysia and India) are middle-income countries and increasing subsidies for the irrigation sector to achieve the goal of food self-sufficiency.

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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).

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Created on Sep 8th 2021 06:06. Viewed 270 times.

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