Micro Irrigation Systems Market Worth $4,909.49 Million by 2019

DALLAS, March 27, 2015 /PRNewswire/ --

The report, "Micro Irrigation Systems Market byType (Drip & Sprinkler Irrigation Systems), Crop Type (Field Crops, Plantation Crops, Orchard Crops, and Forage & Turf Grasses) & by Region - Global Trends & Forecasts to 2019", published by MarketsandMarkets, The Micro Irrigation Systems Market, in terms of value, is projected to reach $4,909.49 million by 2019, at a CAGR of around 17.2% during the review period.

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Factors such as demand for increased crop production and protection against drought-like situations are the major drivers of the micro irrigation systems market. The micro irrigation systems market continues to grow due to high demand in most of the countries and the intensifying market opportunities.

The market players are responding to these new opportunities by expanding their global presence and product lines. Micro irrigation is the slow application of water on, above, or below the soil by surface drip, subsurface drip, bubbler, and micro-sprinkler systems. Where labor is scarce and expensive or where medium to large areas need to be irrigated precisely and frequently with minimum waste of time and water, it is better to invest in micro irrigation systems.

Micro irrigation is practiced mainly to increase the water use efficiency in agriculture wherein it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in a majority of countries, such as Mexico, China, and India. Micro irrigation systems also deliver water and fertilizer nutrients directly to plant root systems through the help of drip irrigation, thereby offering a more efficient alternative to flood and sprinkler irrigation systems.

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Micro irrigation systems are classified into sprinkler irrigation and drip irrigation systems. The sprinkler irrigation segment dominated the micro irrigation systems market, having contributed around 77.3% share in 2013. The segment is projected to be the fastest-growing market for the next five years as it is one of the most water-efficient irrigation systems and saves labor cost.

The Micro Irrigation Systems Market is highly fragmented with the key market players driving the growth with agreements, expansions, acquisitions, and new product launches. The market is competitive with the leading players involved in the research & development of new micro irrigation systems products and its applications. Manufacturers have patented their technologies for the manufacturing of micro irrigation systems. Any new entrant has to compete with well-established players, such as Netafim Limited, The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), and Rain Bird Corporation (U.S.) to penetrate and gain a considerable share in the market, which is one of the key entry barriers. The market caters to crop types, such as field crops, plantation crops, orchard crops, and forage and turf grasses.

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