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Global Micro Irrigation Systems Market to Grow at a CAGR of 11% between 2021-2026, Aided by Water Scarcity

According to a new report by EMR titled, ‘Global Micro Irrigation Systems Market Report and Forecast 2021-2026’, the global micro irrigation systems industry is expected to grow at a CAGR of 11% in the forecast period of 2021-2026.

The global micro irrigation systems industry is primarily driven by rising water scarcity. Water is depleting to a greater extent and wishes to be utilized optimally. The planet is witnessing an increased reduction in water-bed levels, which is forcing farmers worldwide to choose better irrigation systems that use minimal amounts of water, unlike traditional micro irrigation systems.

The key companies operating in this market like Toro company [NYSE: TTC] are continuously making efforts to design and manufacture drip, sprinkler, and other type of apparatus that are cost effective and easy to operate and employ. Increasing collaboration between companies with the government of different economies to encourage micro irrigation is predicted to play vital role in enhancing the market growth. Moreover, high subsidies offered by government on the use of micro irrigation system is expected to enhance their approval among farmers based in developed as well as developing countries.

Market Analysis by Product, Crop Type, Cultivation Technology, Applications, and Regions:

  • On the basis of product, micro irrigation systems can be divided into drip and sprinkler.
  • Micro irrigation systems can be segmented on the basis of crop type into field crops, orchard crops, forage and grass, and plantation crops, among others.
  • Based on cultivation technology, micro irrigation systems can be classified into protected cultivation and open field.
  • On the basis of application, micro irrigation systems can be divided into green house, agriculture, nursery, and landscape, among others.
  • The regional market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key findings of the report:

  • Market is being driven by depleting water resources, increasing population across the world, decreasing per capita arable land.
  • Growing interest among farmers to use micro-irrigation systems, increased demand from emerging economies are also some factors which influence micro irrigation systems.
  • Government encouragement drives the market and it is expected to possess a robust impact on the market over the forecast period.
  • Rising need for water conservation, increasing got to reduce climate related yield risk, surging number of applications in horticulture are a number of the other factors which can enhance the expansion of the micro irrigation systems industry.

Key Offerings of the report:

  • The EMR report gives an overview of the global micro irrigation systems market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the regions.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global chocolate spread market are Lindsay Corporation, The Toro Company, Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd., Mahindra EPC Irrigation Limited, among others.

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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