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Asia Pacific Micro Irrigation Systems Market Forecast 2021-2028

KEY FINDINGS
The Asia Pacific micro irrigation systems market is set to project a CAGR of 17.48% during the forecast period, 2021-2028. The increasing focus on micro-farming, technological advancements, government initiatives, and the supply availability of drip irrigation systems propel market growth.

MARKET INSIGHTS
South Korea, Japan, India, China, Thailand, Indonesia, Australia & New Zealand, Vietnam, and Rest of Asia Pacific, are evaluated for the Asia Pacific micro irrigation systems market growth analysis. In Japan, the market growth is attributed to the growing focus on technological, export, and manufacturing capabilities. The agricultural sector of the country has been an early adopter of several advanced solutions for effective farming. Simultaneously, the rapidly aging agricultural workforce has led to the sluggish use of technologically advanced solutions. Moreover, the inclusion of micro irrigation systems into regular farming practices results in efficient agricultural practices for the aging population. Such factors facilitate market growth in Japan.
India is a leading producer of agriculture outputs, and is the largest agriculture equipment market. The country faces a scarcity of skilled labor for agriculture and increasing food demand, given the rising population. There has been continuous investment in the farming sector by the government for bringing cost-effective and viable solutions. The focus is on resource-based degradation, the implication of precision agriculture technologies, and water scarcity. Precision agriculture technologies have applications in the fertilization and irrigation sectors to ensure optimal usage of water and fertilizers and proper soil management. Such developments are enabling market growth in India.

COMPETITIVE INSIGHTS
Some of the major companies in the market are Irrigation and Water Technologies (IWT), Netafim Ltd, Rain Bird Corporation, Irritec SPA, Jain Irrigation Systems Ltd (JISL), Nelson Irrigation Corporation, etc.

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Asia Pacific Micro Irrigation Systems Market Forecast 2021-2028
Published By :Inkwood Research
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