In 2022, the micro irrigation system market was USD 13.09 billion, and by 2030 it will reach USD 30.26 billion, growing at a 12.73% CAGR during the forecast period.

The expansion of micro-irrigation techniques in the agriculture sector has an impact on the global micro irrigation market. Micro irrigation systems provide a number of benefits, including reducing water waste and eradicating soil erosion, which spurs market expansion. Additionally, the lack of water and increasing government backing for micro irrigation systems are other reasons that contribute to the market's expansion. The development of the worldwide micro irrigation market is hampered by factors, including the micro irrigation system's high starting cost.

Market Dynamics

Drivers

The need to increase agricultural output while addressing issues with water scarcity is the main factor driving the market for micro-irrigation systems. By the end of 2050, nearly 80% of the world's croplands would see an increase in agricultural water shortage, according to a paper published in the AGU journal Earth's Future. Changes in the amount of green water available due to altered precipitation patterns and greater evaporation brought on by hotter temperatures are predicted to impact roughly 16% of the world's croplands. The use of micro irrigation systems aids in resolving the water shortage problem.

Governments throughout the world are advocating the use of micro irrigation equipment to help lessen the water shortage. The USDA and other state and regional water conservation programs conduct several water conservation measures that will increase farmer sales and overall production, leading to the growth of the industry.

Restraints

Micro irrigation systems are appropriate in high-cost agricultural settings like orchards, nurseries, greenhouses, and vineyards, where conventional watering techniques are impractical. Low-value crops are less suited to micro irrigation due to their high initial investment cost and potential for low return on investment. A drawback to micro irrigation is the price of procuring tubing, emitters, and pumps, particularly for large-scale operations.

Market Segmentation 

By Type

In 2021, the drip irrigation system segment ruled the entire market with around 60% of the revenue share. Furthermore, drip irrigation is becoming increasingly popular among growers of field crops. Also, a rise in the cost of field crops, a decrease in water use, and sustainable irrigation techniques all promote the market for drip irrigation. Also, food needs rise as the population grows, driving up drip irrigation sales. Increase market demand for micro irrigation systems in the long run.

By Crop

The plantation crops segment held most of the market in 2021 and will grow fastest from 2022 to 2030. This kind of irrigation benefits many horticulture crops because they need a particular atmosphere to

grow properly, such as fruits and vegetables. The market for micro irrigation systems is expanding due to the demand for high-value and cash crops. The adaptability of drip irrigation systems for growing a variety of orchard crops, such as tomatoes, bananas, beetroots, and others, also contributes to the market expansion for micro irrigation systems.

By End-User

Farmers led the market for micro irrigation systems among end users, and this trend is anticipated to last the entire forecasted period. Adopting micro irrigation technology shields these farmers from unanticipated, unpredicted, and unfavorable weather circumstances, which is the reason for the expansion.

Regional Analysis 

Asia Pacific was the biggest regional market in 2021, with USD 282.82 million in revenue. It is due to rural farmers' use of micro irrigation systems and the rise in the popularity of organic foods. Also, as the region focuses on creating new irrigation systems, a high adoption of modern irrigation systems, including drip and sprinkler irrigation, is taking place.

Middle East & Africa holds the second-largest share. The demand for goods & services in this area is rising due to urbanization and well-maintained drainage systems. Also, the government's increasing investment in raising the standard of living helps the economy expand. 

Key Players

· Jain Irrigation Systems Ltd.,

· Netafim Ltd.,

· Hunter Industries,

· Nelson Irrigation,

· Rain Bird Corporation,

· Valmont Industries, Inc.,

· T-L Irrigation Co.

· Lindsay Corporation,

· Rivulis Irrigation

· The Toro Company,

In 2022, the micro irrigation system market was USD 13.09 billion, and by 2030, it will reach USD 30.26 billion, growing at a 12.73% CAGR during the forecast period. The global micro irrigation system market is expanding due to the growing concern about water scarcity. Another factor stimulating the growth of the worldwide micro irrigation system market is customers' growing desire for greenhouse vegetables and farmers in developing nations' growing awareness of effective water and nutrient supply management.

Related Reports:

Industrial Air Compressor Market Report - The global industrial air compressor market will witness a robust CAGR of 3.9%, valued at $32.42 billion in 2021, expected to appreciate and reach $43.75 billion by 2030, confirms Strategic Market Research.