Market Leaders: Jain Irrigation Systems Ltd. and the Toro Company are Expanding, Acquiring, and Launching new Products to Improve their Market Position in Microirrigation Systems Market
The global microirrigation systems market is valued at USD 10.4 billion in 2022. It is projected to reach USD 17.8 billion by 2028, recording a CAGR of 9.4% during the forecast period. Microirrigation devices supply water directly to the root zone of plants, ensuring adequate moisture levels and decreasing water stress. This precise water delivery promotes healthier plant development, resulting in increased crop yield and greater produce quality. since the development in urban agriculture and rooftop farming, where water availability is crucial, micro-watering systems are a viable choice for urban farming since they effectively utilize limited water resources and offer controlled irrigation in constricted places. These are the factors that are propelling the growth of microirrigation systems market.
Some leading players operating in the market are Jain Irrigation Systems Ltd. (India), The Toro Company (US), Netafim (Israel), Nelson Irrigation (US), Rain Bird Corporation (US), Finolex Plasson (India), Mahindra EPC Irrigation Limited (India), T-L Irrigation (US), Hunter Industries (US), Rivulis (Israel), Chinadrip irrigation Equipment co., Ltd. (China), Elgo Irrigation Ltd. (Israel), Antelco (Australia), Microjet (South Africa) and Irritec S.p.A (Italy) among others. The companies are launching different kinds of products into the market. The expansion of product portfolios offered by the companies is strengthening their presence around the globe. Companies are manufacturing different kinds of microirrigations components required for different types of crops. This is resulting in their increased market penetration. Similarly, partnerships are also fostering the expansion of the companies and helps to create synergy and; obtain a competitive advantage in the industry.
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Jain Irrigation Systems Ltd. is a major Indian multinational corporation that delivers innovative agricultural, water management, and sustainable food production solutions. The company's operations are separated into three major segments: irrigation, pipe, and agro-processing. The corporation has a global presence in 126 countries. The company has a global presence, with 33 manufacturing facilities spread across four continents. In August 2021, Jain Irrigation Systems Ltd. and NaanDanJain (Israel) Irrigation launched Smart loT Irrigation Project in Ooty, Tamil Nadu. It is an attempt to create a strong, customized irrigation solution. Jain Irrigation devised and executed the system, which combines drip technology, automation, and fertigation to allow producers to generate larger yields of higher-quality crops with fewer resources.
The Toro Company principally manufactures, designs, and markets lawn management equipment for professional grass maintenance, irrigation and landscaping, domestic yard usage, and snow removal. The business is divided into three divisions: professional, residential, and other. The organization has a strong network of professional distributors, dealers, rental stores, and retailers in over 125 countries. Manufacturing facilities are located in the United States, Australia, China, Germany, Italy, Mexico, Poland, Romania, and the United Kingdom. In May 2021, The Toro Company launched a product by the name Toro Aqua-Traxx Azul drip tape. The drip tape was created with a filter inlet design and optimized flow passageways that allow debris through to increase clog resistance and product performance.
Related Reports:
Microirrigation Systems Market by Type (Drip & Micro-sprinkler), Crop Type (Orchard crops & vineyards, Field Crops, Plantation Crops), End User (Farmers, Industrial Users ), & Region( NA, Europe, APAC, South America, RoW) - Global Forecast to 2028
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