Micro-irrigation Systems Market Size By Product (Sprinkler, Drip), By Application (Orchard Crops & Vineyards, Plantation Crops, Field Crops), By End-Use (Farmers, Industrial) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Oct 2017  |  Report ID: GMI2075  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 300   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Micro-irrigation Systems Market size surpassed USD 5 billion in 2016 and is anticipated to witness over 10% CAGR from 2017 to 2024.
 

North America Micro-irrigation Systems Market, By Application, 2016 & 2024, (USD Million)

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Growing necessity for water conservation owing to rising population and decreasing water reserves will drive micro-irrigation systems market.  Increasing concern pertaining to water becoming a threatened commodity, farmers and other stakeholders in agricultural sector have been seeking novel techniques for enhancing productivity from the limited amount of water. Ability of micro-irrigation systems to economize water in agriculture sector and bring more arable land under irrigation will support market expansion for the projected period.
 

Rising food demand with growing population has necessitated the need for enhanced agricultural output. Growing concern to reduce the climate-related yield risks resulting from water stress will support industry expansion for coming years. Key other attributes of the system such as enhanced plant growth & yield, uniform & better quality of produce, efficient & economic use of fertilizers and less weed growth will offer myriad opportunities for market advancement.
 

Positive application outlook in non-agriculture sector such as horticulture for wholesale nurseries, landscaping for commercial, civic & residential sector is further expected to fuel market growth. Increasing water bill has prompted homeowners, renters, and commercial property owners to look for novel irrigation system to support landscaping project. Ability of micro-irrigation systems to improve water efficiency, reduce water bills, and provide automation will further boost overall micro-irrigation systems market share.
 

Strong economic benefits of micro-irrigation systems will influence market growth over the forecast timeframe. Low pumping needs, automation, and flexibility will promulgate overall industry growth as it has positive impact on production costs. Additionally, ability of micro -irrigation system to support all types of land terrain is further anticipated to fuel market growth. High initial investment cost can be one of the factors that may create hinderance for market growth. Also, high maintenance cost and possible damage of system components due to animals can further stagnate market expansion.
 

Micro-irrigation Systems Market Report Coverage
Report Coverage Details
Base Year: 2016
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Pages: 300 Tables, Charts & Figures: 250
Geographies covered (24): U.S, Canada, Mexico, Spain, Russia, France, Italy, Turkey, Germany, Ukraine, UK, China, India, Australia, Japan, South Korea, Malaysia, Brazil, Chile, Iran, South Africa, Saudi Arabia, Egypt, Israel
Segments covered: Product, Application, End-Use and Region
Companies covered (21): Toro Company, Jain Irrigation Systems, Rain Bird Corporation, Netafim Limited, Valmont Industries, Hunter Industries, Lindsay Corporation, Nelson Irrigation Corporation, EPC Industries, Rivulis Irrigation, NaanDanJain Irrigation, T-L Irrigation, Vishakha Irrigation, Captain Polyplast Ltd.,, Bhumi Polymers Pvt Ltd, Ecoflo Irrigation, Signet Group, Irritec S.p.A., Finolex Plasson, Automat Industries, Premier Irrigation Adritec

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By Product

Europe Micro Irrigation Systems Market, By Product, 2016 (Million Hectors)
Europe Micro Irrigation Systems Market, By Product, 2016 (Million Hectors)

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Sprinklers accounted for more than 65% of the total industry share in 2016. Factors such as limited wastage, and lower utilization of water compared to gravity flow irrigation system will augment the product demand. In sprinkler irrigation system, water is given only to the root zone area through plastic sprinklers that rotate and sprinkle water at low pressure in the range of 1.0 to 2kg/cm2. Several other advantages as labour saving, no soil erosion and prevention from disease and pest infection will fuel segment growth for the forecast period.
 

Drip irrigation systems market is anticipated to witness significant gains over 11% by 2024. Ability of drip irrigation system to prevent weed growth, and stimulate yield is likely to increase product penetration over the forecast timeframe. Also, diversity of the system to save water and nutrient content of soil either from above the soil surface or from below the surface will further create new growth avenues for the micro-irrigation systems market participants. Unfavorable climatic conditions and water scarcity in Middle East and African countries will provide positive application outlook for drip micro-irrigation systems.
 

By Application

Plantation crop application registered sales of over USD 2 billion in 2016. Growing investment by both private and government sector for increasing productivity of several key commodities such as chilies, cotton, onion, banana, etc. is expected to support market advancement. Also, increased productivity, early harvest and continuous growth to avoid losses will propel product adoption rate among agriculturalists.
 

Orchard crops and vineyards will witness over 10% CAGR up to 2024. Changing consumer lifestyle and increase in disposable income has accentuated the demand for orchard fruits. Growing food & beverage industry has further up surged the demand for several orchard fruits including mango, sweet orange, acid lime and sapota for various consumables. Factors such as low labour requirements and continuous ideal moisture conditions for orchard crops root growth will fuel product application scope.
 

By End Use

Farmers end use segment is expected to register over 80% micro-irrigation systems market share by 2024. Growing demand for advance irrigation system that will help to eliminate water logging and salinization problems will support the market growth. Also, need for reducing cost of irrigation on unit land will further propel overall industry share. Further, involvement of private entities to support irrigation projects will further support overall industry growth. For instance, Agriculture Victoria in association with its project partner Mallee CMA conduct rounds of irrigation incentives programs.
 

By Region

Asia Pacific is expected to witness growth of more than 10.5% by 2024. Improved economic condition, especially in emerging economies like India and China will support the industry growth. Also, extensive support programs by the government is further responsible for dominance of the market in this region. For instance, Chinese government has determined to promote water-saving irrigation (WSI) program which will help to facilitate the use of micro-irrigation systems. Agriculture being the major source of economy for various countries including India and Indonesia will further provide positive business outlook for industry participants.
 

Asia Pacific Micro-irrigation Systems Industry, By End-Use, 2016 & 2024 (USD Million)
Asia Pacific Micro-irrigation Systems Industry, By End-Use, 2016 & 2024 (USD Million)

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North America micro-irrigation systems market accounted for over 25% revenue share in 2016. Stringent regulations pertaining to water loss from evaporation is one of the major drivers behind the market growth in this region. Strong demand for orchard crops from rising food processing industry will further promulgate the regional market share. Also, land terrain in Canada and U.S. are more suited to micro-irrigation systems owing to which market share is highest in this region. Favourable, regulatory outline and government programs will further fuel overall regional market share.
 

Competitive Market Share

Global micro irrigation systems market is fragmented in nature due to presence of regional and international participants. Key industry players include Netafim, Lindsay Corporation, Jain irrigation, Toro company, Rain Bird Corporation, and EPC industries. Other prominent players in the industry include Finolex Plasson, Bhumi Polymers, Premier Irrigation, Signet Group, and Ecofolo Irrigation. R&D investment, joint ventures new product launch, mergers & acquisitions, strategic collaborations, and manufacturing capacity expansion are among the major strategies adopted by the industry participants for enhancing their market share. For instance, in 2015, Valmont industries introduced CommanderVP, an exclusive product that enables connectivity between Valley digital control panels and AgSense. This product launch will help company to enhance its market share in industrial sector.
 

Industry Background

Global micro-irrigation industry is driven by strong R&D investments & technological innovations. Increasing water scarcity problem has remoulded the overall industry landscape. Rising demand for an advanced irrigation system that utilizes less water, promotes soil enhancement and improves yield per hector will boost the market growth for coming years. Also, various support programs for the proliferation of the agriculture sector to meet rising food demand is further anticipated to fuel overall industry share. Favorable government programs such as water conservation programs administered by USDA and state & regional water conservation programs to boost overall production and enhance farmer sales will support industry growth for the projected timeframe.


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