Bharat Book Bureau Provides the Trending Market Research Report on “Global Micro Irrigation System Market Outlook, 2027”under Food & Beverage Market Research Report. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Executive Summary
According to the report title “Global Micro Irrigation System Market Outlook, 2027”, published by Bonafide Research, the market size of the Global Micro Irrigation System market is expected to grow with the CAGR of more than 9% in the forecasted year of 2027.
The agricultural segment is very important for each country. Irrigation is one of the major subtypes of it. The world’s population is expected to increase by 2 billion persons in the next 26-30 years up to 9.7 billion in 2050 (United Nations). So, the scarcity of usable water would be increased. In order to resolve the future horrible situation and to save more water, this is one of the most advantageous irrigation techniques known as Micro Irrigation. Micro irrigation is the slow delivery of water above or below the soil surface in the form of drips, tiny streams, or miniature sprays. It has different types i.e., Drip, Sprinkler, Spray and Bubbler irrigation. In which drip irrigation has the highest water saving efficiency around 86-90% followed by sprinkler irrigation having 70-80% water saving efficiency. By which unnecessary weeds occurrence can be reduced. The cost of drip irrigation is higher than sprinkler irrigation.
North America and Asia-Pacific regions are the main consumers of micro irrigations systems. An interesting curve to the agriculture industry is taken by micro irrigation in Latin America. Europe and Middle East Africa are contributing 27% of the market share together. China is the market leader followed by USA, India & Brazil. Micro-irrigation systems are becoming increasingly popular because of their low cost and water efficiency. China has the largest market share and India is the fastest growing country in Asia-Pacific. In India, Both the state and the federal governments contribute 55% and 45 % of the costs of implementing irrigation systems for small and marginal farmers and other farmers, respectively, under the micro-irrigation subsidy scheme that falls under the Per Drop More Crop section of PMKSY. Nonetheless, there are state-specific differences. Micro-irrigation subsidies in India are covered by the Pradhan Mantri Krishi Sinchayee Yojna (PMKSY), which was launched on July 1, 2015, with the intention of enabling micro-irrigation and promoting its benefits through bigger subsidies based on farmer category.
Drip irrigation has the majority of market share in global micro irrigation but it isn’t the same for the individual countries. It is a method of applying the required amount of water directly to the root zones of plants through drippers or emitters at frequent intervals. In 2018 the market size of drip irrigation in Asia-Pacific was around $2 billion. On the other side, Sprinkler irrigation is a method of applying water in a manner similar to rain. It's suitable for a wide range of row, field, and tree crops. A global sprinkler irrigation system will be expected to grow around the CAGR of 3.5% in the forecast period. Water is supplied to the soil surface as a small stream using just a small diameter tube (1 mm to 13 mm) or an available commercially emitter using bubbler irrigation. Micro irrigation’s applications are dependent on the crop type. There are four major categories like Field Crops, Plantation Crops and Orchards & Vineyards and other crops.
COVID-19 Impact:
Our subsequent research is improving our research methodology to ensure that basic COVID-19 challenges and potential solutions are addressed. COVID-19 is reviewed in consumer demand and behaviors, government involvement, supply-chain management, purchasing patterns, and market dynamics. However, there have been different shocks impacting service delivery like sufficient funds, deficiency of supply raw materials and lack of availability of labor. A webinar was conducted on May 18, 2020, by the World Bank, the International Commission on Irrigation and Drainage, and the 2030 Water Resources Group. Over 200 irrigation professionals, government officials, service providers, business sector representatives, and farmers, gathered online to share and learn from one another's experiences. In India, the pre-monsoon activities related to irrigation like dam inspection, maintenance, etc. have been interrupted. On the other hand, Mali and Indonesia have prioritized irrigation and food production during the pandemic to ensure a stable food supply. Experts and practitioners of Irrigation have responded to this crisis with courage and resolve, and will no doubt bounce back stronger.
Major Companies present in the market:
Netafim Limited, Lindsay Corporation, Jain Irrigation Systems Limited, The Toro Company, Mahindra EPC Irrigation Limited, Rain Bird Corporation, PGG Wrightson Limited, Hunter Industries Inc., Rivulis Irrigation Limited, Irritec S.p.A, NaanDanJain Irrigation Limited, Dripworks, Inc., Nelson Irrigation Corporation
Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global micro irrigation system market with its value and forecast along with its segments
• Region & country wise micro irrigation system market analysis
• Application wise micro irrigation system distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
Types of micro irrigation system in the report:
• Drip Irrigation System
• Sprinkler Irrigation System
• Other Irrigation System (Bubbler, Spray, etc.)
By Crop Type in the report:
• Field Crops
• Orchards and Vineyards
• Plantation Crops
• Other Crops
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to irrigation industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
This report would help you answer the following questions:
1. At what rate the global micro irrigation system market will grow in forecast period?
2. What are the types of micro irrigation system?
3. What are the major reasons which lead to demand for micro irrigation system?
4. Which type of irrigation system is leading the market?
5. What is the impact of COVID-19 on the global micro irrigation system market?
Browse our full report with Table of Content : https://www.bharatbook.com/report/1339645/global-micro-irrigation-system-market-outlook
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