Micro irrigation Market to reach USD 18.57 billion by 2027 | Jain Irrigation Systems Limited, Lindsay Corporation, The Toro Company

Global Micro irrigation Market Size study, by Type (Drip, Micro Sprinkler), Application (Orchard Crops & Vineyards, Field Crops, Plantation Crops, Others), by End Use (Industrial Users, Farmers, Others) and Regional Forecasts 2021-2027, The ‘ Micro irrigation market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Micro irrigation derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Micro irrigation market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

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Global Micro irrigation Market to reach USD 18.57 billion by 2027.

Global Micro irrigation Market is valued approximately USD 5.76 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 18.20 % over the forecast period 2021-2027. Micro irrigation is a modern method of irrigation in which water is irrigated through drippers, sprinklers, foggers and by other emitters on surface or subsurface of the land. The increase in adoption of drip irrigation, increase in the demand for food and agriculture product, and rise in concerns of water scarcity has led the adoption of micro irrigation across the forecast period. The growing adoption of drip irrigation is due to reduced nutrient loss and leaching and minimized growth of weed, soil erosion, and cost of energy. For instance, in India, as per the department of agriculture under PMKSY, 3645 crore is allocated in FY20-21 and in Australia total package is $72.685 million over three years. As per Department of Agriculture, Water and the Environment they will receive $29.761 million over two years and Austrade $42.924 million over three years under the Agriculture, Water and Environment portfolio. However, high initial investment and high maintenance cost impedes the growth of the market over the forecast period of 2021-2027. Also, with government encouragement by providing subsidies, the adoption & demand for Micro irrigation is likely to increase the market growth during the forecast period.

The geographical regions considered for the analysis of the global micro irrigation market includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to adoption and awareness for micro irrigation. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, increasing demand for food with rise in population would create strong affinity for growth prospects for the Micro irrigation market across Asia-Pacific region.

Key Segments Studied in the Global Micro irrigation Market 

Major market player included in this report are:

• EPC Industries Limited
• Jain Irrigation Systems Limited
• Lindsay Corporation
• The Toro Company
• Valmont Industries, Incorporated
• Nelson Irrigation
• Netafim Limited
• Rain Bird Corporation
• T-L Irrigation
• Hunter Industries, Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

• Drip
• Micro Sprinkler

By Application:

• Orchard Crops & Vineyards
• Field Crops
• Plantation Crops
• Others

By End Use:

• Industrial Users
• Farmers
• Others

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Key Points Covered in Micro irrigation Market Report: Study Explore COVID 19 Outbreak Impact Analysis

Continued….

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