The global micro irrigation systems market size
was valued at USD 2.48 billion in 2014. The market is anticipated to witness
substantial growth by 2022 owing to increasing demand for food across the
globe. They including sprinklers, mist, drips, and sprays irrigate plant roots
using low discharge emitters and complex pipe network.
The ability to modify the
discharge pattern by these systems according to the requirement of various
agronomic and horticulture plants drive the micro irrigation market growth. The
market is expected to reach USD 9.10 billion by 2022, on account of increasing
demand for food in tandem with rising population.
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Urbanization and
industrialization had led to the expansion of cities and a decrease in arable
land for cultivation of crops. In addition, increasing trend of population
migration from villages and towns to cities has resulted in reducing the
workforce in agriculture industry. These factors together have contributed to
increasing popularity of micro irrigation as they not only improve efficiency
but also reduce labor.
Sprinklers dominated the global
market accounting for over 30% of the revenue share in 2014. Flexibility and
ease of use of the product is expected to result in its high demand over the
forecast period. Moreover, sprinklers also offer more coverage in small
quantities of water. Thus, the market is expected to grow at a CAGR of 17.1%
from 2015 to 2022.
Demand for micro irrigation
systems was highest for orchards, accounting for over 30% of the global market.
They water only the treeline of the orchard, thus, promoting healthy growth.
Plantation & field crops are
likely to witness significant gains over the forecast period owing to rising
awareness among farmers regarding the benefits of these equipment.Field crops
are expected to grow at a CAGR of 18.2% from 2015 to 2022.
North America accounted for
approximately 30% of the overall revenue in 2014, followed by Asia Pacific.
Rising awareness among farmers regarding the benefits of using these systems
has resulted in growth of the market over the past few years, and the trend is
expected to continue over the forecast period.
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Increasing adoption of these equipment to conserve water as
well as reduce labor in agriculture-eccentric economies of Asia Pacific is
expected to augment growth over the forecast period. The market is expected to
witness a growth of 19.8% by 2022.Moreover, growing population and rising
standard of living are expected to augment the market in the region over the
forecast period.
Reduced arable land owing to
industrialization, deforestation, soil erosion, and urbanization along with
scarcity of water are the major drivers of the micro irrigation systems
industry. Installing them minimizes soil erosion, increases crop yield with
high quality, and low weed growth. Drought related issues can also be solved by
these equipment under the guidance of considerable government policies and regulatory
frameworks.
Prominent industry players
include Jain Irrigation Systems Ltd., Valmont Industries, Rain Bird
Corporation, Nelson Irrigation, EPC Industries Ltd., The Toro Company, Rivulis
Irrigation, Lindsay Corporation, Netafim Ltd., and T-L Irrigation. The market
is dominated by a key players including Jain Irrigation Systems, The Toro
Company and Rain Bird Corporation, together accounting for over 50% of the
market share in 2014.
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