Summary
Sprinkler irrigation is advancing to make a large share in the global micro irrigation market. The growth of protected farming trend has been a key factor in rising developments of sprinkler irrigations. This has been majorly boosting the micro-irrigation market growth across the globe and thereby stimulating it. Currently, the orchard crop segment is expecting to lead the micro irrigation growth in coming years. This makes the use of micro-irrigation on an increasing domain and production. Further, crop plantation crops are also estimated for a generation of high CAGR and profit in the current global micro irrigation market. The reason for such a demand is because of the rising productivity in the yield process of the plantation.
Global Micro Irrigation Market was valued at US$ 3.7 Bn in 2017 and is expected to reach US$ 12.87 Bn by 2026, at a CAGR of 16.86% during a forecast period.
The growing demand for solutions to increase the production of food is expected to boost the global micro irrigation market growth during the forecast period. Micro-irrigation have benefits such as reduction in manual work, labor and loss of crop are estimated to hold the largest share in the global micro irrigation market.
In addition, increasing disposable incomes of consumers and rising population subsequently increasing demand for food is another driving factor in the global micro irrigation market and at the same time, a high cost of maintenance is projected to act as a restraint to the global micro irrigation market.
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The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.
The Asia Pacific is estimated to hold the largest share in the market during the forecast period. Growing demand for food and rising population is boosting the micro-irrigation market growth. Increasing awareness regarding benefits of micro irrigation among consumers is expected to surge the market growth.
Scope of the Global Micro Irrigation Market
Global Micro Irrigation Market, by Product Type
Sprinkler Irrigation
Drip Irrigation
Global Micro Irrigation Market, by Application
Plantation Crops
Field Crops
Orchard Crops
Global Micro Irrigation Market, by Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Players Operating in Global Micro Irrigation Market
Valmont Industries, Inc.
Hunter Industries
The Toro Company
Jain Irrigation Systems Ltd.
Nelson Irrigation
Netafim Ltd.
Lindsay Corporation
T-L Irrigation Co.
Rain Bird Corporation
Rivulis Irrigation
Netafim
Rivulis
Harve

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