Global Micro Irrigation System Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Micro Irrigation System Market Overview:

Micro Irrigation System Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

The Micro Irrigation System Market report offers in-depth insights, revenue details, and other vital information regarding the global micro irrigation system market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The Micro Irrigation System Market report offers insightful and detailed information regarding the various key players operating in the global micro irrigation system market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global micro irrigation system market report has been segmented based on type, crop, application, and region.

A Micro-irrigation system is an irrigation method where water is sprinkled or dripped slowly to the roots of the plants.

This method is widely used to save water and provide proper nutrients and sufficient water to plants through a network of valves, pipes, and tubes.

Rising concern for water scarcity is a major factor to drive the growth of the global micro irrigation system market.

In addition, rising preference for greenhouse vegetables among consumers and rising awareness about efficient water and nutrient supply management among farmers in the developing region are other factors expected to drive the growth of the global micro irrigation system market.

However, the high initial investment cost is a major factor restraining the growth of the global micro irrigation system market.

In addition, the need for continuous maintenance, which adds the cost to the overall expense, is another factor expected to challenge the growth of the global micro irrigation system market.

Technological advancement such as automation in micro-irrigation systems is expected to present new opportunities to market players operating in the global micro irrigation system market over the forecast period.

North America is a dominant player in the global micro irrigation system market and accounts for the largest market share in terms of revenue as compared to that of markets in other regions.

This is attributed to high awareness and preference for micro-irrigation systems among farmers.

The Europe market accounts for the second-largest revenue share contribution to the global micro irrigation system market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.

The market in the Asia Pacific is projected to have the fastest growth in terms of revenue, owing to a rise in food demand, awareness about water and nutrient management among farmers, and favorable government policies for the installation of irrigation systems, in emerging economies in this region.

Global Micro Irrigation System Market Segmentation:

Global micro irrigation system market segmentation by, type

• Sprinkler Irrigation
• Drip Irrigation

Global micro irrigation system market segmentation by, crop

• Plantation Crops
• Field Crops
• Orchard Crops

Global micro irrigation system market segmentation by, application

• Small Farming
• Large and Corporate Farming
• Others

Global micro irrigation system market segmentation by, region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa