Water Scarcity in Agriculture is Pushing Farmers towards the Adoption of Micro Irrigation Systems

Future Market Insights - Seite 2

• Increasing government initiatives are fueling the demand for micro irrigation systems
• Ongoing technological advancements in terms of water flow and data analytics will drive the growth of the market.
• Increasing food demand and rising population are the primary factors boosting the market growth in developing economies.
• Growing awareness regarding the need for water conservation is expected to bolster the growth of micro irrigation systems market.

Key Restraints

• High initial investment required for installation might hamper the demand for micro irrigation systems
• High cost of maintenance for the micro irrigation system poses a challenge to market growth.
• Less feasibility of micro irrigation systems for the farmers with less area of cultivation might restrain the demand.

Discover more about the micro irrigation systems market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/ask-question/rep-gb-4303

Competitive Landscape

Leading market players are primarily focusing on developing innovative products to expand their product portfolio and are engaging in strategic collaborations with regional players to strengthen their global footprint. For instance,

• John Deere, the U.S. based company, introduced the N500C Series Air Drills, in 2019. The air drills were integrate with the latest in seeding technology, including novel ProSeries Openers, to favor small-grains producers.
• In 2019, Nutrien AG Solutions, the world's largest provider of crop inputs and services and Lindsay Corporation have announced a partnership that will enable Nutrien AG Solutions in scheduling platform and remote irrigation management.
• In 2021, Rother Farming started introduced new N-Drip micro irrigation systems and started trials for the same. The company claims that the systems will save around 25% of water without being as capital intensive.

Leading players profiled by FMI operating in micro irrigation system market include: