Asia Pacific Irrigation Machinery Market Size & Share Report 2021-2028 | Growth Market Reports


Posted April 27, 2022 by sararaposo9

The Asia Pacific Irrigation Machinery market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028.
 
The Asia Pacific Irrigation Machinery market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the the increasing demand for micro-irrigation solutions that can improve the crop productivity, coupled with the growing water scarcity.

The provision of water to crops or plants in controlled amounts at regular intervals is known as irrigation. Sprinklers and pumps are the prime machines that are used in the irrigation system. It is especially used in the region where inadequate rainfall is observed during the year. Moreover, climate changes and unseasonal rainfalls, farmers are increasingly dependent on irrigation to provide water to crops.

Sprinkler and drip irrigation systems are increasingly adopted in the farming and landscaping. Each type of irrigation system requires different types of equipment and have different purposes. For instance, automated irrigation systems are reducing the manual effort and decreasing the consumption of resources. Irrigation helps to grow agricultural crops, maintain landscapes, and revegetate disturbed soils in dry areas. It is also used in crop production including frost protection, suppressing weed growth in grain fields, preventing soil consolidation, cooling livestock, dust suppression, disposal of sewage, and mining. Irrigation is often studied together with drainage, which is the removal of surface and sub-surface water from a given location.

Market Trends, Drivers, Restraints, and Opportunities
• The consolidation of farmlands is encouraging farmers to invest in expensive irrigation machinery, which is on the key factors driving the market expansion during the forecast period.
• New product launches, mergers & acquisitions, expansion of business units, and opening of new manufacturing plants are anticipated to drive the market growth.
• Government organizations are promoting micro-irrigation systems, in order to encourage farmers to adopt advanced irrigation technologies, by providing various benefits or subsidies to farmers. Thus, such subsidies or benefits to farmers are expected to propel the market growth.
• Growing demand for food due to the increasing population is speculated to drive the market expansion in the coming years.
• Lack of awareness among the farmers in developing countries is projected to hamper the market growth during the forecast period.
• Lack of skilled professionals and high cost of machinery are the key factors that can restrict the market expansion in the coming years.
• Increasing R&D investments and ongoing technological advancement to improve the productivity and reduce water consumption are expected to create significant opportunities for the market players in the projected timeline.

Asia Pacific Irrigation Machinery Market Segment Insights

Sprinkler irrigation segment to represent a large market share
Based on types, the market is divided into sprinkler irrigation, drip irrigation, and pivot irrigation. The sprinkler irrigation segment is further segmented into pumping units, tubing, couples, and spray/sprinkle heads. The drip irrigation segment is segregated into valves, backflow preventers, pressure regulators, filters, emitters, tubing, and others. The sprinkler irrigation segment is expected to account for a key market share due to its suitability in most types of field conditions. Moreover, its uniform distribution of water with high efficiency is driving the segment growth.

Crops segment to grow at a rapid pace
In terms of applications, the market is bifurcated into crops and non-crop. The crops segment is further divided into field crops, vegetables, and fruit. On the other hand, non-crop segment is sub-segmented into turf and ornamental. The crops segment is expected to expand at a robust pace during forecast period owing to increasing value of land and rising labor employment.

India is anticipated to dominate the market
On the basis of geographies, the market is categorized as China, Japan, India, and Rest of Asia Pacific. India is anticipated to dominate the market during the forecast period. The country’s market growth is attributed to increasing labor wages and lack of farm labor. Moreover, rising number of government initiatives to support farmers in the country is expected to proliferate the market growth in the country.

Compititive Landscape
Key players competing in the Asia Pacific irrigation machinery market include Jain Irrigation Systems Ltd. (JISL), EPC Industries Ltd, Netafim Ltd, Rivulis Irrigation Ltd, and Harvel Agua India Private Limited

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Issued By Growth Market Reports
Country United States
Categories Agriculture , Biotech , Reports
Tags asia , china , irrigation machinery market , irrigation machinery market cagr , irrigation machinery market share , irrigation machinery market size , japan , usa
Last Updated April 27, 2022