Micro-irrigation Market Stratergies to Maximizing Profit Opportunities by 2022

The Global Micro-Irrigation Market has been estimated at USD 5.6 billion in 2014. The market is expected to register a CAGR of 9.5% during the forecast period, 2018 to 2023. Sprinkler irrigation system accounts for 50% share of the global micro-irrigation market.

Growth in Drip Irrigation

Drip irrigation is showing a stronger growth at a CAGR of 11.2% during 2018-2023. It increases the water use efficiency by 80%-90%. Drip irrigation results in lower water consumption, because of reduced leaching fraction. The two major player in drip irrigation systems are Jain Irrigations Systems Ltd, and Netafim.

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Rapid Growth in Greenhouse Vegetable Production

Micro irrigation can improve the productivity of vegetables through greenhouse system is by 70%. This is owing to the fact that the micro-irrigation entails the slow and regular application of low pressure water directly to the root zone of the crops. Along with water, fertilizer losses are also minimized and fertilizer cost are thus reduced and farmers can irrigate more crops area per unit of water used. The labor requirement for weeding, fertilizer, and irrigation are less as compared to other irrigation system.

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Industry Trends

• In 2017, Jain Irrigation Systems Ltd acquired Australian agri-tech firm, Observant Pty Ltd. This acquisition will help in strengthening the company's base, and also bring up new product portfolio in micro-irrigation systems and enhance its presence in Australia & New Zealand.
• In 2017, The Toro Company had launched new high-quality micro distribution tubing. The new product serves a broader variety of the most demanding nursery and agricultural applications, especially for water and fertilizer distribution solutions.
• In 2014, The Toro Company introduced the pressure-compensating sprinkler, which was specifically designed for the nursery application.
• In 2014, Jain Irrigation Systems Ltd launched integrated solar-powered micro-irrigation systems for small farmers, which would ensure reliability of water supply and power supply.

Major Key Players: are Jain Irrigation Systems, Netafim, Rivulis, EPC Industries, Deere & Company, and Harvel

Reasons to Purchase this Report

• Track industry trends and identify opportunities.
• Gain complete picture of the historic development, current market situation, and market players in global micro irrigation market
• Plan and develop marketing strategy, market – entry strategy and other business strategy related to a global micro irrigation market
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

• Countries of client’s interest can be included in report based on feasibility of report.
• Companies of client’s interest can be included in report based on feasibility of report.

Companies Mentioned:

• Deere & Company,
• Jain Irrigation Systems Limited,
• Lindsay Corporation,
• EPC Industries,
• Nelson Irrigation Corporation,
• Netafim Ltd.,
• Rain Bird Corporation,
• The Toro Company,
• Rivulis,
• Harvel,
• Chinadrip Irrigation Equipment Co., Ltd.,
• Elgo Irrigation Ltd.,
• Antelco Pty Ltd,
• Kothari Group India,

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