Global Micro Irrigation System Market Size, Analysis, Industry Growth, Trend, Business Opportunities, Challenges, Drivers, and segmentation.
Global micro-irrigation systems market is primarily driven by factors, such as the need for growing crop productivity while addressing the issues of water scarcity. Thus, governments are focusing on formulating initiatives, to increase the usage of micro-irrigation systems, while limiting water shortage. With water increasingly becoming a scarce commodity, farmers have been seeking novel ideas to grow more crops with the same quantity of water. Micro-irrigation systems, including sprinklers, and drippers, are witnessing high demand. This is expected to augment the growth of the market studied.
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The micro irrigation systems market was valued at USD 3.64 Billion in 2020 this market is projected to grow at a CAGR of 20.5% from 2020 to 2027, to reach 7.35 Billion by 2027. Micro-irrigation technologies are one of the most effective systems used by farmers in many developed economies, in order to reduce water wastage. The Micro Irrigation System market in the rest of the world is expected to grow at steady growth rate as the demand for micro-irrigation systems is increasing in various countries of South America such as Argentina and Brazil, due to the increased adoption of sustainable agricultural practices.
The less water consumption ability and lower cost of drip systems are some of the major factors driving the segment growth. Moreover, the growing trend of sustainable irrigation methods is stimulating the adoption of drip systems to a large scale.
An extensive analysis of the Micro Irrigation System market with regards to the product landscape and application spectrum:
Type landscape:
Drip Irrigation and Sprinkler Irrigation
Crop Type landscape:
Plantation Crop, Field Crop, Landscape
End use landscape:
Open Field and Closed System
Regional Market Summary
Based on applications, the market is segmented into small farming, large & corporate farming, government, and others. Among the application segments, small farming dominated the market in terms of expenditure, in 2015, and is projected to continue its dominance throughout the forecast period.
