PUBLISHER: The Business Research Company | PRODUCT CODE: 1619641
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619641
Greenhouse irrigation systems are designed to deliver water to plants within a controlled environment, optimizing water use and maintaining consistent moisture levels for plant growth. These systems include various methods such as drip, mist, and overhead sprinklers, each tailored to meet specific plant needs and greenhouse conditions.
The primary types of greenhouse irrigation systems are drip irrigation, sprinkler irrigation, and boom irrigation. Drip irrigation involves delivering water directly to the plant roots through a network of tubes and emitters, ensuring precise and efficient moisture management for different types of crops. These irrigation systems are utilized across a range of farm sizes, including small, medium, and large farms, and are suitable for diverse applications such as vegetables, flowers and ornamentals, fruit plants, and nursery crops.
The greenhouse irrigation systems market research report is one of a series of new reports from The Business Research Company that provides greenhouse irrigation systems market statistics, including greenhouse irrigation systems industry global market size, regional shares, competitors with a greenhouse irrigation systems market share, detailed greenhouse irrigation systems market segments, market trends and opportunities, and any further data you may need to thrive in the greenhouse irrigation systems industry. This greenhouse 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 greenhouse irrigation systems market size has grown rapidly in recent years. It will grow from $1.12 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the rising demand for water-efficient irrigation solutions, government regulations and policies promoting efficient water use, advancements in drip irrigation technology, the adoption of controlled irrigation methods, and the need to address unpredictable weather patterns.
The greenhouse irrigation systems market size is expected to see rapid growth in the next few years. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth anticipated in the forecast period can be attributed to the expansion of greenhouse farming, a rising preference for controlled-environment agriculture, decreasing costs of advanced irrigation technologies, availability of financing options and credit facilities, and a growing emphasis on sustainable agriculture. Key trends expected during this period include the adoption of smart irrigation technologies, the use of hydroponic and aquaponic systems, water recycling and reuse, integration with climate control systems, and enhanced remote monitoring and control capabilities.
The anticipated growth of the greenhouse irrigation systems market is expected to be driven by the rise in food consumption. Increasing food consumption, fueled by population growth and urbanization, is elevating the demand for convenient and diverse food options. Greenhouse irrigation systems optimize water use, improve crop yields, and enable year-round production, which is essential for meeting the growing demand for food. For example, in April 2024, data from the National Association of Convenience Stores (NACS), a US-based trade association, showed that total industry foodservice sales, including prepared food, commissary items, and dispensed beverages, accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022. Prepared food sales saw a 12.2% increase per store per month, indicating a strong demand for convenience foods. Hence, the increase in food consumption is fueling the growth of the greenhouse irrigation systems market.
Key players in the greenhouse irrigation systems market are focusing on strategic partnerships to enhance their technological capabilities, broaden market reach, and optimize resource use. Strategic partnerships involve collaborations between companies, organizations, or stakeholders to leverage each other's strengths and resources. For instance, in July 2023, IRIGREEN, a US-based sprinkler system provider, partnered with BIC Farms, a Nigerian agricultural company, to introduce advanced irrigation systems in Nigeria, with a focus on subsurface irrigation technology. BIC Farms has implemented IRIGREEN's subsurface irrigation technology in their hydroponic greenhouses to deliver water directly to plant roots, which is particularly effective in greenhouse environments that require precise control for maximizing crop yields and minimizing water use.
In April 2023, Rivulis Pte. Ltd., an Israel-based innovator in micro-irrigation solutions, acquired Jain Irrigation's International Irrigation Business for $750 million. This acquisition strengthens Rivulis' position as a leader in the irrigation and climate solutions sector, enhancing its capacity to address global agricultural challenges and promote sustainable practices. Jain Irrigation Systems Ltd., based in India, provides greenhouse irrigation systems.
Major companies operating in the greenhouse irrigation systems market are Mahindra & Mahindra Limited, The Toro Company, Netafim Ltd., Rivulis Irrigation Ltd., Automat Industries, AvidWater, Nelson Irrigation Corporation, Novedades Agricolas, Farm Tek, Prospiant, Irritec Inc., DripWorks, Crane Garden Buildings, Easy Garden Irrigation, Two Wests & Elliott Ltd, AdeptAg, Greenhouse Emporium, GrowSpan Greenhouse Structures, Irrigatia Limited, Microgrow systems, Mundoriego, Niche Agriculture Limited
Asia-Pacific was the largest region in the greenhouse irrigation systems market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse irrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the greenhouse irrigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The greenhouse irrigation systems market consists of sales of equipment for nutrient delivery and pH monitoring, sprinkler heads, valves, and pipes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Greenhouse Irrigation 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 greenhouse irrigation 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 greenhouse irrigation systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The greenhouse irrigation 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.