Know More About the Key Players in the Microirrigation Systems Market

Water is an essential for agricultural production and thus it plays a key role in food safety. Irrigated agriculture is considered to be at least twice as productive per unit of land compared to rainfed agriculture. It further facilitates increased production and crop diversification. Due to factors such as rising populations, increasing urbanization and climate change the share of freshwater resources used for agriculture is estimated to decrease in the near future. Currently agriculture accounts for use of 70% of total freshwater according to insights from World Bank. Re-allocation of water resources towards water-stressed agricultural areas is necessary, and in such areas, water needs to be used very responsibly without any excess wastage. The use of modernized microirrigation systems is a potential solution for enhancing the use of water resources, cutting down upon the overall quantity of water used and also providing the crop with the right amount of water required for its optimal growth.

The global microirrigation systems market size was estimated to be valued at USD 9.7 billion in 2021 and is expected to reach a value of USD 15.1 billion by 2026, growing at a CAGR of 9.3% in terms of value during the forecast period. Factors such as higher yield requirement from a limited area, rapid growth in greenhouse vegetable production, and rise in usage of artificial intelligence in microirrigtaion systems are some of the factors driving the growth of the microirrigation systems market. Over the years, substantial investment is made by global players in developing modern farming practices due to their higher returns on investment.

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Key insights & trends:

Benefits to precision agriculture: Globally food producers are becoming aware regarding the benefits of use of biological crop inputs such as pesticides and crop protectants and also regarding effective and modern methods of precision agriculture. Microirrgation plays a key role in precision agriculture as the farmer can decide on whether there are certain parts of the crop that may have different needs which is either watering or fertilizing. Both can be done using microirrigation, ensuring optimal supply of fertilizers to crops in a timely manner.

Rising use in green houses: According to HortiDaily, the January 2019 statistics of for global greenhouse vegetables were around 496,800 hectares. Greenhouses are being increasingly used for cultivation of high value cropping such as horticulture and ornamentals. According to Canadian statistics, vegetable bedding plant sales rose 15.9% to USD 172.9 million, while sales of ornamental bedding plants increased 12.1% to USD 232.7 million.  The primary advantage of the drip irrigation system being that it saves water and nutrients (by supplying them exactly for the optimal growth of the plant) and, in addition, they maintain a constant level of humidity in the soil without causing puddles or dryness which why their installation in greenhouses in rising.

The drip irrigation segment of the microirrigation systems market is estimated to account for the largest market share, by type

By type, the drip irrigation segment dominated the microirrigation systems market. Drip irrigation also referred to as trickle irrigation, is a major type of microirrigation system. In drip irrigation, water is applied to each plant separately in small, frequent, precise quantities through dripper emitters. It is the most advanced irrigation method with the highest application efficiency. With drip irrigation, low soil moisture tensions in the root zone can be maintained continuously with frequent applications. The dissolved salts accumulate at the periphery of the wetted soil mass, and the plants can easily obtain the moisture needed.

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Asia Pacific is the fastest-growing market during the forecast period in the global microirrigation systems market

The Asia Pacific region is projected to be the fastest growing in the global microirrigation systems market due to factors such as increasing adoption of microirrigation systems among rural farmers and rising demand for organic products. Also, as the region is shifting its focus on the development of new irrigation systems, there is high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. Along with this, the government’s support of the irrigation sector is often a component of a broader pro-rural policy package that aims to support agriculture.

Key players in this market include Jain Irrigation Systems Limited (India), Netafim Limited (Israel), The Toro Company (US), Lindsay Corporation (US), EPC Industries (India), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), T-L Irrigation (US), Hunter Industries (US), Rivulis Irrigation Ltd (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation (Israel), Antelco Pty Ltd (Australia), Microjet Irrigation Systems (South Africa), Irritec (US), Metro Irrigation (India), Irritec S.p.A. (Italy), Irrigation Direct Canada (Canada), Drip Research Technology Solutions (Turkey), DripWorks Inc. (US), and Raindrip, Inc. (US).