Growth of Global Market for Micro Irrigation Systems Shifts into High Gear with Increasing Water Scarcity Issue Worldwide

Micro irrigation is a form of irrigation that helps in saving fertilizers and water by delivering water at the base of the plant, through a network of valves, micro sprays, tubing, drip emitters, and pipes. A micro irrigation system plays a very crucial role in the agricultural practices, by ensuring accurate application of water to plants and boosting the overall production yield.

According to a research study by Transparency Market Research, in 2014, micro irrigation systems market was valued at US$2,594.7 mn and is predicted to reach a valuation  of US$9,140.2 mn by the end of 2023. The market is projected to register a 15.10% CAGR between 2015 and 2023.

Sprinklers Irrigation Systems Segment to Register 14.50% CAGR from 2015 to 2023

The global market for micro irrigation systems can be categorized on the basis of product type into drip and sprinkler irrigation systems. The sprinklers segment is further sub-categorized into traditional sprinklers, center pivot sprinklers, and lateral move sprinklers. In 2014, the sprinklers segment led the market, holding a share of 83% in the overall micro irrigation systems market. The increasing adoption of micro irrigation systems for maintaining turf grass, landscaping, and fields is estimated to fuel the growth of the market in the near future. As a result, this segment is projected to register a 14.50% CAGR between 2015 and 2023.

The growing water scarcity issue is one of the key factors boosting the demand for micro irrigation systems across the globe. On the flip side, the high cost of installation and lack of expertise in managing the systems are expected to hamper the growth of the market in the coming years.

Asia Pacific to Witness Rapid Growth due to Increasing Adoption of Micro Irrigation Systems

Among the major geographical segments, in 2014, Europe dominated the market, accounting for a share of 32% in the global market for micro irrigation systems in terms of revenue. The rapid growth of this region can be attributed to the increasing need for micro irrigation systems for well-organized water distribution and development of stadiums, sports grounds, and public parks in several countries in Europe, including Germany, Spain, the U.K., Italy, and France. On the other hand, the Asia Pacific micro irrigation systems market is anticipated to grow rapidly in the next few years, thanks to the favorable government initiatives for adopting micro irrigation systems. Japan, China, India, South Korea, and Australia are expected to be the major contributors towards the growth of the market in this region.

Some of the prominent players operating in the global market for micro irrigation systems are Rain Bird Corporation, Eurodrip SA, Hunter Industries, Inc., Rivulis Plastro Ltd., Lindsay Corporation, Sistema Azud SA, Elgo Irrigation Ltd., T-L Irrigation Company, Jain Irrigation Systems Ltd., Valmont Industries, Inc., Reinke Manufacturing Company, Inc., Netafim Ltd., and The Toro Company.

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Intelligent Water Usage to Drive Global Micro Irrigation Systems Market

Micro irrigation systems have gained tremendous importance in agriculture and in several aspects of gardening due to their wide range of advantages. The global water shortage is the primary reason for farmers and gardeners to shift their attention toward micro irrigation systems.  Micro irrigation systems deliver water at an extremely slow but steady pace, either above or below the surface of the soil. The controlled delivery of the water minimizes vaporization, runoff, or loss due to wind. The biggest advantage of drip irrigation is that water does not leave the prescribed landscape area, which minimizes deterioration of the surroundings.

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In urban areas, the demand for micro irrigation systems is growing, as they offer a convenient solution for automated irrigation to those with busy lifestyles. Drip irrigation systems can be changed overtime to cover a larger expanse with the given availability of water. The usage of drip irrigation has completely revolutionized food production in arid regions.

One of the finest examples of this is the green belt in Israel, which was made possible by Netafim’s cutting-edge micro irrigation system. The company pioneered an irrigation system that challenged the drought situations, watering restrictions, and tough weather conditions. The intelligent watering systems maker recently teamed up with The Gardener Guy, the host of HGTV’s Gardening by the Yard, to help spread the knowledge of using these systems at domestic levels.

According to a research published by Transparency Market Research, the global micro irrigation systems market is expected to reach a valuation of US$8,130.0 million by 2020, from US$2,852.1 million in 2013, growing at a promising CAGR of 16.2% in the given period. The expert research analysts state that increasing support from the government, social and economic advantages, paucity of water, and rising adoption of water management and saving methods are likely to drive the micro irrigation systems market to newer heights in the coming few years. The biggest restraint on the global micro irrigation systems market in this timeframe will be the high cost of maintaining micro irrigation systems and lack of expertise regarding the same.

The global micro irrigation systems market is segmented on the basis of type, component type, crop type, applications, and geography. The type segmentation includes sprinkler irrigation and drip irrigation systems. The former includes the sub-segments of traditional sprinklers, center pivot sprinklers, and lateral move sprinklers. Statistics show that traditional sprinklers were leading the global micro irrigation systems market in 2013, with the highest revenue share in the market. The primary factors driving this segment are its low initial cost, easy portability, coverage over a large area, and maximum water efficiency.

Geographically, the global micro irrigation systems market is segmented into Asia Pacific, North America, Europe, and Rest of the World. In 2013, North America led the global micro irrigation systems market, with a share of 36.5%. The increasing adoption of center pivot sprinklers and later move irrigation systems in this region is expected to boost the growth of this regional market in the coming years as well.

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The global micro irrigation systems market will witness stupendous growth due to its increasing application in household lawns, large gardens, agriculture, public parks, greenhouses, farmlands, sports grounds, and nurseries. Out of all these, the benefits it offers to the agriculture segment will make it the strongest application segment in the next five years. The need for improved food productivity and judicious use of water will shape this market’s future.