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Microirrigation System Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2024

Author : Ronak Bora | Published Date : 2020-09-11 

The advent of technological innovations has had a profound impact on microirrigation system market outlook. Recently for instance, Supergeo, the globally renowned GIS software provider, made it to the headlines for having worked alongside two acclaimed organizations in the agro-tech domain, namely, the Taiwan Agricultural Irrigation Association (TAIA) and the Agricultural Engineering Research Center (AERC), in order to develop a smart irrigation GIS solution. The final module is anticipated to benefit a host of farmers and agro-based workers in terms of generating healthy yield with minimal water supply.

Drip irrigation, one of the most popular methodologies of microirrigation, has been driving microirrigation system market share in recent times, for the simple reason that the mechanism is overtly efficient and versatile. Drip-based microirrigation system industry has been witnessing numerous developments lately, one of the most noteworthy ones being, the Ramthal Marol Drip Irrigation project in Hungund, Bagalkot. This project has recently been given the green signal by the regional government, post which its second phase is expected to commence.

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Apparently, the scheme would prove to be a godsend for the farmers in the region, given that they used to be entirely dependent on the rains. Together, the first and second phases would bring forth an area of close to 35,000 hectares of agricultural land under the drip irrigation scheme, thereby making it the largest single drip irrigation project. As per experts, this project, valued at INR 768 crore, would service close to 15,000 farmers in 30 villages, and would mark a major significance in the regional microirrigation system market.

Given the popularity of its working methodology, drip irrigation is expected to be widely deployed over the years ahead. The mechanism leads to a reduction in the population of pests and weeds, as the water is directed toward the root of the plant. Additionally, the methodology offers ease of installation, reduced soil erosion, improved fertilizer efficiency, and maximum usage of water, owing to which drip-based microirrigation system market is likely to garner substantial gains over 2017-2024. As per estimates in fact, microirrigation system industry size from drip irrigation is slated to cross more than 45 million hectares by 2024, in terms of volume.

Increasing necessity to overcome water scarcity will drive microirrigation system market. Globally 70% of the water sources are used for irrigation and agricultural purposes whereas 10% accounts for domestic purposes.

In recent years, deforestation, urbanization, soil erosion and industrialization led to significant arable land depletion. Increasing concern for sustainable water resource management will drive microirrigation system market growth. Depleting water resources in many parts of world are the key drivers supporting industry growth.

Government initiatives to ensure more equitable distribution by minimizing wastage will drive product demand as an effective tool for water conservation. As per UN estimation, global population has reached over 6.5 billion in September 2017 and likely to surpass 11 billion by 2100. Rising population level and growing concern for regular water supplies will propel microirrigation system demand.

APAC microirrigation system market will be valued over USD 3 billion by 2024. Favorable socio-economic conditions in China, India, and Australia has enhanced the product demand. For instance, China accounts for 10% agriculture land under the microirrigation system, thus regional market is expected to provide lucrative opportunity for manufactures. Rising awareness among the farmers about product application has further propelled industry growth.

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Global microirrigation system market share is fragmented in nature with the presence many local and international industry participants. Some of the prominent industry players are Rain Bird Corporation, Bhumi Polymers, Finolex Plasson, Ecoflo Irrigation, Lindsay Corporation, Automat Industries, Signet Group, Valmont Industries, Toro Company, Jain Irrigation, Netafim, EPC Industries. Government support by providing subsidies will further drive microirrigation system industry.

Table of Contents (ToC) of the report:

Chapter 5. Microirrigation System Market, By Application

5.1. Global microirrigation system industry share by application, 2016 & 2024

5.2. Orchard crops & vineyards

5.2.1.   Market estimates and forecast, 2013 - 2024

5.2.2.   Market estimates and forecast, by region, 2013–2024

5.3. Plantation crops

5.3.1.   Market estimates and forecast, 2013 - 2024

5.3.2.   Market estimates and forecast, by region, 2013–2024

5.4. Field crops

5.4.1.   Market estimates and forecast, 2013 - 2024

5.4.2.   Market estimates and forecast, by region, 2013–2024

5.5. Others (Forage & turf grasses)

5.5.1.   Market estimates and forecast, 2013 - 2024

5.5.2.   Market estimates and forecast, by region, 2013–2024

Chapter 6. Microirrigation System Market, By End-Use

6.1. Global microirrigation system industry share by end-use, 2016 & 2024

6.2. Farmers

6.2.1.   Market estimates and forecast, 2013 - 2024

6.2.2.   Market estimates and forecast, by region, 2013–2024

6.3. Industrial

6.3.1.   Market estimates and forecast, 2013 - 2024

6.3.2.   Market estimates and forecast, by region, 2013–2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/microirrigation-systems-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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