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Micro Irrigation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6081
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Market Overview:
The global micro irrigation systems market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.
A micro irrigation system is a pipe distribution network that assists in applying small quantities of water frequently on the surface or subsurface of land. It relies on drippers, sprinklers, foggers and emitters placed along a water delivery line. It is an easy method of fertigation and chemigation, which is suitable for all types of soil. As it enhances crop yield and reduces labor and field preparation costs, it is gaining traction over conventional sprinkler systems. Moreover, it finds applications in horticulture, landscaping gardens and the practice of restoration ecology and environmental remediation across the globe.
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Micro Irrigation Systems Market Trends:
The rising global population and consequently declining arable land are increasing food security concerns around the world. This represents one of the key factors escalating the demand for micro irrigation systems as they help utilize arable land efficiently and ensure high crop yield. Moreover, the widespread adoption of greenhouses for producing vegetables is bolstering the market growth. Apart from this, the rising focus on water conservation, coupled with the growing traction of sustainable irrigation methods, is contributing to the market growth. Furthermore, governments of several countries are providing low-interest rates on loans and subsidies for farming, which is increasing the adoption of micro irrigation systems. Besides this, the integration of advanced technologies, such as global positioning system (GPS) and remote control, in the lateral move, sprinkler and central pivot micro irrigation systems, is strengthening the market growth. The emerging urban gardening trend is further anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global micro irrigation systems market, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, crop type and end user.
Breakup by Type:
- Drip Irrigation System
- Sprinkler Irrigation System
Breakup by Crop Type:
- Field Crops
- Orchard Crops
- Landscape and Turf
- Others
Breakup by End User:
- Agricultural
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Antelco Pty Ltd, Elgo Irrigation Ltd., Hunter Industries, Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Limited (Mahindra & Mahindra Limited), Nelson Irrigation Corporation, Netafim (Orbia), Rain Bird Corporation, Rivulis Irrigation Ltd. and The Toro Company.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Crop Type, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Antelco Pty Ltd, Elgo Irrigation Ltd., Hunter Industries, Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Limited (Mahindra & Mahindra Limited), Nelson Irrigation Corporation, Netafim (Orbia), Rain Bird Corporation, Rivulis Irrigation Ltd. and The Toro Company |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global micro irrigation systems market was valued at US$ 10.7 Billion in 2022.
We expect the global micro irrigation systems market to exhibit a CAGR of 8.9% during 2023-2028.
The rising demand for micro irrigation systems to utilize arable land efficiently and ensure high crop yield is primarily driving the global micro irrigation systems market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in a decline in various agricultural practices, thereby negatively impacting the global market for micro irrigation systems.
Based on the type, the global micro irrigation systems market can be segmented into drip irrigation system and sprinkler irrigation system. Currently, drip irrigation system holds the majority of the total market share.
Based on the crop type, the global micro irrigation systems market has been divided into field crops, orchard crops, landscape and turf, and others. Among these, orchard crops currently exhibit a clear dominance in the market.
Based on the end user, the global micro irrigation systems market can be categorized into agricultural and industrial. Currently, the agricultural sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global micro irrigation systems market include Antelco Pty Ltd, Elgo Irrigation Ltd., Hunter Industries, Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Limited (Mahindra & Mahindra Limited), Nelson Irrigation Corporation, Netafim (Orbia), Rain Bird Corporation, Rivulis Irrigation Ltd., and The Toro Company.
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