The Global Micro Irrigation Systems market is expected to grow at 18.26% CAGR during the forecast period of 2018-2026. Factors such as the growing interest of farmers to use micro-irrigation systems, decreasing per capita arable land and growing demand of MIS from emerging economies are responsible for driving growth in this market.
The market is segmented by product type on the basis of sprinklers and drip irrigation. Market by crop type is segmented into field crops, forage and grasses, orchard crops and plantation crops. Wastewater utilization and freshwater conservation are the new developments that act as opportunities for the micro irrigation systems market. Over-irrigation, clogging issues and trouble in discovering issues related to micro irrigation system are some of the challenges faced by the micro irrigation systems market.
North America is the global leader in the Micro Irrigation Systems market withholding, XX% revenue share of the global market. The MIS market in North America is growing steadily. Agriculture is a major user of ground and surface water in the region, accounting for about xx% of consumable water. Thus, the need for efficient irrigation systems and water management practices to help in maintaining farm profitability in an era of increasingly limited and costly water supplies is rising. In turn, propelling the demand of North American MIS market. Asia-Pacific is the fastest growing MIS market with CAGR of xx% for the forecast period of 2018-2026. China and India are among the world's top agricultural producers, having 2.5 billion citizens to feed; nearly a third of humanity. As such, they are not likely to add materially to international food supplies. Four-fifths of China's grain harvest and close to three-fifths of India's comes from irrigated land. With the economies like China, India, which has agriculture as their backbone, it is foreseen that the Asia Pacific will command the market soon.
The market is majorly dominated by companies such as Apollo Pipes Limited, Captain Polyplast Ltd, Chaitra Irrigation, Dayu Conserving Water, Driptech (Part Of Jain Irrigation), EPC Industrie Ltd (Mahindra Group Company), Finolex Plasson Industries, Harso Steels Pvt. Ltd, Hunter Industries Inc, Irrigation & Water Technologies (Iwt), Irritol Systems (Brand Of The Toro Company), Jain Irrigation System Limited (Jisl), Kisan Group Of Companies, Ksnm Marketing, Lindsay Corporation,Naugra Export, Nelson Irrigation Corporation, Netafim, Paras Drip Irrigation, Premier Irrigation, Rain Bird Corporation, Rivulis Irrigation, Sharan Polyplast, Sree Vijetha Irrigation Pvt. Ltd, The Dow Chemical Company, Tirupati Structurals Limited, T-L Irrigation, Toro Company, and Valmont Industries