Micro Irrigation System Market: Rising Demand for Efficient Water Use to Drive Growth
The global micro irrigation system market Size USD 937.16 million in 2030, at a CAGR of 5.75 % during the forecast period. The growth of the market is driven by the increasing demand for efficient water use in agriculture, rising population, and government initiatives to promote micro irrigation.
Micro irrigation systems are a type of irrigation system that delivers water directly to the plant roots, minimizing water loss due to evaporation and runoff. This makes them an efficient way to use water, which is becoming increasingly important due to water scarcity.
The rising population is also driving the growth of the micro irrigation system market. With more people to feed, there is a need to increase agricultural productivity. Micro irrigation systems can help to improve crop yields by providing water directly to the roots, where it is most needed.
Governments around the world are also promoting micro irrigation to help farmers save water and improve crop yields. In India, for example, the government has launched the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) scheme, which provides financial assistance to farmers to install micro irrigation systems.
The micro irrigation system market is segmented by type, application, crop type, and region. By type, the market is segmented into drip irrigation, sprinkler irrigation, and micro jet irrigation. Drip irrigation is the most popular type of micro irrigation system, accounting for the largest share of the market.
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It is a highly efficient way to water plants, as it delivers water directly to the roots. Sprinkler irrigation is another popular type of micro irrigation system. It is less efficient than drip irrigation, but it is more suitable for large areas. Micro jet irrigation is a newer type of micro irrigation system that is gaining popularity. It is a more efficient way to water plants than sprinkler irrigation, and it is also more suitable for hilly terrain.
By application, the market is segmented into agriculture, greenhouses, and nurseries. Agriculture is the largest application segment of the micro irrigation system market. Micro irrigation systems are used in a variety of crops, including fruits, vegetables, and cereals. Greenhouses and nurseries are also important application segments of the market. Micro irrigation systems are used in greenhouses to control the environment and improve crop yields. They are also used in nurseries to water seedlings and young plants.
By crop type, the market is segmented into fruits, vegetables, cereals, flowers, and others. Fruits and vegetables are the largest crop type segment of the micro irrigation system market. Micro irrigation systems are used to water a variety of fruits and vegetables, including tomatoes, cucumbers, and peppers. Cereals are another important crop type segment of the market. Micro irrigation systems are used to water wheat, rice, and corn.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for micro irrigation systems. This is due to the high population in the region and the increasing demand for food. China and India are the major markets for micro irrigation systems in Asia Pacific. Europe is the second largest market for micro irrigation systems. This is due to the high level of agricultural technology in the region. North America is the third largest market for micro irrigation systems. This is due to the increasing demand for efficient water use in agriculture.
The micro irrigation system market is a growing market with a lot of potential. The factors driving the growth of the market include the increasing demand for efficient water use, rising population, and government initiatives to promote micro irrigation. The market is expected to grow at a CAGR of 9.4% during the forecast period.
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Here are some of the key players in the micro irrigation system market:
- Jain Irrigation Systems Ltd. (India)
- Netafim Ltd. (Israel)
- Rain Bird Corporation (US)
- Hunter Industries (US)
- Lindsay Corporation (US)
- Rivulis Irrigation Limited (Israel)
- Valmont Industries, Inc. (US)
- The Toro Company (US)
- T-L Irrigation Co. (US)
- Mahindra EPC (India)
- Eurodrip S.A. (Spain)
These companies are developing innovative technologies and solutions to meet the growing demand for micro irrigation systems. They are also expanding their product portfolio and geographic reach to tap into new markets.
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