The global micro irrigation system market was valued at USD 7.59 billion in 2019 and is projected to reach USD 16.83 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.32% over the forecast period. In 2019, the Asia Pacific region led the market, accounting for a 39.13% share.
The rapid expansion of land equipped with micro irrigation systems worldwide is a key driver behind the market’s notable growth. These systems are easy to mechanize, adaptable to both narrowly and widely spaced crops, and offer numerous advantages over traditional irrigation methods. Furthermore, their growing use in landscaping by homeowners, commercial establishments, and other end-users is anticipated to contribute significantly to market expansion in the coming years.
Information Source: https://www.fortunebusinessinsights.com/micro-irrigation-system-market-102839
Understanding Micro Irrigation
Micro irrigation, also known by terms such as drip irrigation, low-flow irrigation, and localized irrigation, operates with lower water pressure and flow rates than conventional irrigation systems. This technique delivers water and nutrients directly to plant roots, promoting better crop yields and improved quality. It is especially effective in regions where soil salinity or alkalinity affects crop productivity. Micro irrigation typically includes two primary methods: drip and sprinkler systems.
Key Inclusions in the Market Report
The report offers comprehensive insights into factors influencing market growth, including major drivers, challenges, opportunities, and constraints. It also includes qualitative and quantitative data on regional trends and dynamics. Additionally, the competitive landscape is thoroughly analyzed, highlighting strategies such as mergers, product launches, and partnerships undertaken by leading players between 2020 and 2027.
Market Drivers and Challenges
Increased Land Use for Micro Irrigation Amid COVID-19 to Drive Market Growth
As freshwater resources dwindle and the demand for high-quality crops rises, farmers are increasingly turning to micro irrigation to optimize their output. The ability to easily mechanize these systems and their compatibility with diverse crop types is encouraging broader adoption, including in commercial applications. This trend is expected to fuel market growth.
An illustrative case is from Tamil Nadu, India. Despite the economic disruption caused by the COVID-19 pandemic, the state emerged as a national leader in micro irrigation adoption during the 2019–2020 fiscal year. Under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), over 206,853 hectares were brought under micro irrigation, showcasing the system's growing importance in agricultural sustainability.
Regional Insights
Asia Pacific to Maintain Dominance; Technological Advancements to Support Growth
Asia Pacific is expected to continue its leadership position in the global micro irrigation market, driven by widespread adoption of smart farming practices and significant investments by key industry players. In 2019, the region held a market value of USD 2.97 billion. Countries like India and China are experiencing rapid adoption due to supportive government policies and the growing need for efficient irrigation.
Meanwhile, North America is forecasted to see substantial growth, primarily due to increased awareness of advanced agricultural practices and strong adoption in countries like the U.S. and Mexico.
Competitive Landscape
Strategic M&A Activities to Drive Market Expansion
Several leading companies are employing strategies such as mergers, acquisitions, facility expansions, and partnerships to strengthen their market presence. For example, in April 2017, Jain Irrigation Systems Ltd. of India acquired two U.S.-based firms—Irrigation Design, Construction Inc. (IDC) and Agri-Valley Irrigation Inc. (AVI)—for around USD 48 million. This move, involving an 80% stake acquisition in both companies, expanded Jain’s footprint in North America.
Government initiatives promoting water-efficient farming practices are also expected to encourage broader adoption of micro irrigation systems.
Key Market Players
- Lindsay Corporation (U.S.)
- Jain Irrigation Systems Ltd. (India)
- Valmont Industries (U.S.)
- Rain Bird Corporation (U.S.)
- Reinke Manufacturing Co. Inc. (U.S.)
- Netafim Limited (Israel)
- The Toro Company (U.S.)
- Hunter Industries (U.S.)
- Nelson Irrigation Corporation (U.S.)
- Rivulis Irrigation Ltd. (Israel)
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Industry Updates
- February 2020: Lindsay Corporation launched the Zimmatic poly pipe, specifically designed for corrosive water environments. This innovation is set to enhance the company's competitive edge in the irrigation market.
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