The Europe Microirrigation Systems Market would witness market growth of 9% CAGR during the forecast period (2021-2027).
Drip irrigation and sprinklers are examples of micro-irrigation techniques that minimize crop water usage while increasing production. Local governments all around the world are motivating the farmers to use these goods, which help to increase the market and encourage diverse market participants to develop effective and cost-effective micro-irrigation products.
Due to supportive government policies such as farming subsidies and low-interest loans, emerging economic regions are likely to stimulate demand for these products. Such advantages are expected to boost the industry’s growth. Moreover, micro agricultural systems are expected to play a crucial role in increasing the use of micro and mechanized irrigation systems due to additional benefits such as cost-effectiveness, higher crop yields, and improved efficiency.
Europe is a developing region due to which the microirrigation market is not portraying substantial growth in this region. As there is a scarcity of water is available due to which the farmers are looking out for different ways to grow crops with this limited amount of water. Due to this, farmers are adopting various microirrigation systems which would eventually result in booming the demand for Microirrigation System market in this region.
In this region, the demand for drip irrigation is growing due to the fact that it requires low amount of water and energy which results in guaranteed results. As the major fodder crop i.e., maize is majorly grown in Italy and France which eventually requires large amount of water and due to this factor, these microirrigation systems are in great demand.
The Germany market dominated the Europe Microirrigation Systems Industrial Users Market by Country 2020, thereby, achieving a market value of $383.7 million by 2027. The UK market is exhibiting a CAGR of 9% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 10.5% during (2021 - 2027).
Based on Type, the market is segmented into Drip and Micro Sprinkler. Based on Crop Type, the market is segmented into Orchard Crops & Vineyards, Plantation Crops, Field Crops and Others. Based on End User, the market is segmented into Farmers, Industrial Users and Other End Users. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Microirrigation Systems Market Size will Hit $16.5 Billion by 2027, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NDS, Inc. (Norma Group), Orbia Advance Corporation (Netafim Ltd.), Valmont Industries, Inc., Lindsay Corporation, The Toro Company, Rain Bird Corporation, DripWorks, Inc., Microjet Irrigation Systems, Nelson Irrigation Corporation and Chinadrip Irrigation Equipment Co., Ltd.
By Type
By Crop Type
By End User
By Country
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