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.
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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.
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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