Meticulous Research published a report which states that the global micro irrigation systems market is to grow at a CAGR of 18-20% to reach around $8.0bn by 2025.
The growth of this market is driven by the factors such as rising need to increase crop yield with minimal water use; government encouragement for adoption of micro irrigation systems; and technological innovation in irrigation.
The use of water has been growing globally at more than twice the rate of population increase in the last century. Now, water scarcity already affects every continent of the world. Moreover, this water scarcity will be exacerbated as rapidly growing urban areas place heavy pressure on neighbouring water resources.
According to the United Nations: “Water scarcity can mean scarcity in availability due to physical shortage, or scarcity in access due to the failure of institutions to ensure a regular supply or due to a lack of adequate infrastructure.
“Water scarcity already affects every continent. Water use has been growing globally at more than twice the rate of population increase in the last century, and an increasing number of regions are reaching the limit at which water services can be sustainably delivered, especially in arid regions.”
4 billion people experience severe water scarcity
The factors such as climate change and bio-energy demands are also expected to amplify the already complex relationship between world developments and water demand.
According to the World Water Development Report 2019 published by United Nations Water Organization, over 2 billion people live in countries which are experiencing high water stress and more than 4 billion people experience severe water scarcity during at least one month of the year. Stress levels will continue to increase as demand for water grows and the effects of climate change intensify.
As compared to the conventional surface irrigation method, micro irrigation system is more efficient in saving water and increasing water use efficiency. Further, it also reduces water consumption, growth of unwanted plants or weeds, soil erosion and cost of cultivation. Moreover, micro irrigation is also adopted in all kinds of land, especially where it is not possible to effectively use flooding method for irrigation.
To provide efficient analysis, Meticulous Research has segmented this market on the basis of by type (sprinkler irrigation, drip irrigation), component (drip emitters/drippers, polyethylene tubing, irrigation valve, filters, micro spray/sprinkle, tubing, pumping, valves, couplers, pressure regulators, and others), crop type (plantation crops, orchard crops and vineyards, field crops, and others), application (farmers, government, and others). The study also evaluates industry competitors and analyses the market at the regional and country level.