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.
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.
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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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