The Global Micro Irrigation Systems Market will be driven by depletion of water resources, increasing population in the world, reduction of arable land per capita, government encouragements, growing interest of farmers in the use of micro-irrigation systems, the increase in demand from emerging economies during the forecast period of 2021 -2026

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Expert Market Research’s new report titled “Global Micro-Irrigation Systems Market Report and Forecast 2021-2026‘, gives an in-depth analysis of the Global Micro-Irrigation Systems Market, assessing the market based on its segments such as Product, Crop Type, Crop Technology, Applications and North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click request a sample report. The sample report will be delivered to you within 24 hours.

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Key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 11.0%

Depletion of water reserves, population growth worldwide, reduction of arable land per capita, growing interest of farmers in the use of micro-irrigation systems, increasing demand from emerging economies are drivers that contribute to the growth of the market. Water is becoming increasingly scarce and must be used optimally. In particular, government funding is driving the economy and is expected to have a robust effect on the market over the forecast period. The need for water conservation, a growing need to reduce the risk of climate-related yields, an increasing number of horticultural, landscape and other applications as well as the prevalence of automated systems contribute to being the factors for the expansion of the micro-irrigation systems industry.

Industry definition and major segments

A contemporary method of irrigation is the micro-irrigation system. Water is evenly distributed in this phase as discrete droplets, continuous drops, streams, etc. With its low cost and water quality, the micro-irrigation system is famous. This saves water and achieves high yields. (All segments, mention leading or significant segments (growth drivers))

Depending on the product, micro-irrigation systems can be divided into:

Micro-irrigation systems can be segmented on the basis of crop type as:

  • Field harvests
  • Orchard crops
  • Grass fodder ad
  • Plantation crops
  • Others

Basic cultivation technology, micro-irrigation systems can be segmented into:

  • Protected culture
  • open field

Based on applications, micro-irrigation systems can be classified into:

  • Tight
  • Agriculture
  • Nursery
  • Countryside
  • Others

Regional markets for global micro-irrigation systems can be divided into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Read the full report online: https://bit.ly/3neIqcG

Market trends

As the agricultural sector in North America is well diversified, North America is one of the leading regions for micro irrigation systems. The environment was developed by increasing mechanization and public funding, allowing farmers to expand their farm size and increase overall production. Due to the growing demand for food products in the region, the growth of the agricultural industry is expected to be moderate during the forecast period. Due to the stringent regulations put in place to deal with water loss, North America is said to dominate the market for micro-irrigation systems along with the growing demand for orchard crops for the nascent water processing industry. food.

The Asia-Pacific region is expected to be the fastest growing regional market. The rapid mechanization of agriculture in Asian countries and increasing government initiatives to minimize wastage of irrigation water are driving demand in the region for micro-irrigation systems. In the Asia-Pacific region, many countries depend primarily on agriculture. Via incentives, subsidies and new amplified legislation, Asian countries have supported the agricultural machinery industry over the past decade to promote the growth and upgrading of the industry. Mechanization of the farming process would improve in the region as farm incomes increase.

Main market players

The major market players are Lindsay Corporation, The Toro Company, Rain Bird Corporation, Netafim Ltd, Mahindra EPC Irrigation Limited, Jain Irrigation Systems Ltd and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.

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