PUBLISHER: The Business Research Company | PRODUCT CODE: 1392774
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392774
“Microirrigation Systems Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on microirrigation systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for microirrigation systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microirrigation systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Micro-irrigation systems represent an advanced method of watering, allowing farmers to deliver water gradually through streams, droplets, or other discrete forms. This technique is favored for its cost-effectiveness and water efficiency, utilizing devices such as drippers, sprinklers, foggers, and other emitters either on the surface or below ground to distribute water.
The primary types of mechanisms in micro-irrigation systems include drip irrigation systems, sprinkler irrigation systems, and other variations. Drip irrigation systems, a key component of micro-irrigation, hold the potential to efficiently save and supply water to cultivated fields. Various crop types benefit from micro-irrigation, including plantation crops, field crops, orchard crops, and other types, utilizing technologies such as open field and protected cultivation. Micro-irrigation systems find applications in diverse farming scales, including small, large, and corporate farming, as well as in government initiatives and other applications.
The micro-irrigation systems market research report is one of a series of new reports from The Business Research Company that provides micro-irrigation systems market statistics, including micro-irrigation systems industry global market size, regional shares, competitors with a micro-irrigation systems market share, detailed micro-irrigation systems market segments, market trends and opportunities, and any further data you may need to thrive in the micro-irrigation systems industry. This micro-irrigation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The microirrigation systems market size has grown rapidly in recent years. It will grow from $7. 92 billion in 2023 to $9. 07 billion in 2024 at a compound annual growth rate (CAGR) of 14. 6%. The growth observed in the historical period can be attributed to factors such as concerns over water scarcity, government initiatives addressing water management, a focus on improving farm productivity, and the impact of population growth on agricultural demands.
The microirrigation systems market size is expected to see rapid growth in the next few years. It will grow to $15. 59 billion in 2028 at a compound annual growth rate (CAGR) of 14. 5%. The anticipated growth in the forecast period can be attributed to trends such as the adoption of precision agriculture, increasing farm mechanization, and growing awareness and education in the agricultural sector. Key trends expected in the forecast period include technological advancements, the prevalence of smart irrigation systems, the dominance of drip irrigation, innovations in polymers for irrigation systems, the emphasis on data-driven decision-making, collaborative efforts and partnerships in the industry, and the development of modular and scalable irrigation systems.
The anticipated increase in awareness about micro-sprinkler irrigation is set to drive the growth of the micro irrigation systems market. Micro-sprinkler irrigation is a contemporary irrigation method designed to distribute water evenly across agricultural land. For example, in India, over 20 lakh hectares of land were brought under drip and sprinkler irrigation in 2021, as reported by the Economic Times, an India-based daily newspaper. The National Bank for Agriculture and Rural Development allocated 10,000 crores for the development of micro-sprinkler irrigation, with a government target of covering 100 lakh hectares within the next 5 years. Consequently, the rising awareness of micro-sprinkler irrigation is a significant factor propelling the growth of the micro irrigation systems market.
The increasing demand for organic food is expected to be a driving force behind the growth of the micro irrigation systems market. Organic food, produced using practices that limit the use of synthetic substances, benefits from micro irrigation systems due to their efficient resource utilization, reduced environmental impact, and improved crop quality and yield. In the US, organic food sales reached $60 billion in 2022, according to the Organic Trade Associations (OTA), a US-based trade organization. This growth in organic food demand contributes to the expansion of the micro irrigation systems market.
A prominent trend in the micro irrigation systems market is the introduction of innovative products by major companies to strengthen their market position. Netafim, an Israel-based company, exemplifies this trend by launching the AlphaDisc, an intelligent automated filter, in May 2021. With features such as modularity and data measurement concepts, AlphaDisc ensures efficient water and energy use, leading to uniform crop irrigation, enhanced productivity, and cost savings.
Innovation continues to drive the micro irrigation systems market, with major companies focusing on developing groundbreaking products like fingerprint DFDA-7555 NT bimodal polyethylene resin. The Dow Chemical Company, a US-based company, launched this resin in March 2023, utilizing unipolTMII process technology. The resin serves as a blending ingredient and processing assistance in the microirrigation sector, providing stronger and more effective tape for profile extrusion and thin wall microirrigation applications.
In April 2023, Rivulis Pte. Ltd, an Israel-based company specializing in microirrigation solutions, acquired Jain Irrigation Systems for an undisclosed amount. This strategic acquisition positions Rivulis as a global leader in both irrigation and climate change, allowing it to lead the adoption of modern irrigation technologies and digital farming among growers and business partners. Jain Irrigation Systems, based in India, is a manufacturer of irrigation systems and equipment.
Major companies operating in the in the microirrigation systems market report are Lindsay Corporation, The Toro Company, Rain Bird Corporation, Jain Irrigation Systems Limited, Mahindra EPC Irrigation Limited, Hunter Industries Inc., Netafim Limited, Irritec S. p. A., Harvel Agua India Private Limited, Nelson Irrigation Corporation, Antelco Pty Ltd, Irrigation Direct Canada, Drip Research Technology Solutions, DripWorks Inc., Raindrip Inc., Valmont Industries Inc., T-L Irrigation Co., Rivulis Irrigation Ltd., Deere & Company, AMADAS Industries Inc., Amiad Water Systems Ltd., Arkal Filtration Systems, Batrow Systems, Berkeley Pumps and Systems, Caprari S. p. A., Cresline Plastic Pipe Co. Inc., Febco Backflow Prevention Products, Filter-Chem Systems LLC, Filtomat Water Systems, Flowmatic Systems Inc., Franklin Electric Co. Inc., JCM Industries Inc., Jaco Manufacturing Company, Lakos Separators and Filtration Systems, AlphaDisc Water Filtration Systems, Elster Group SE, QuikSert Systems, SeaMetrics Inc., Sponsler Co. Inc., Total Control Systems Inc., Tuthill Corporation, Soil Moisture Sensor Kit, Solar Sync Sensors, Rotors by Rain Bird, Pop-Up Sprays by Rain Bird
Asia-Pacific was the largest region in the microirrigation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microirrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the microirrigation systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The micro-irrigation systems market includes revenues earned by entities by spray irrigation, subsurface irrigation, bubbler irrigation, and manual irrigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.