Greenhouse Irrigation System Market - Forecasts from 2019 to 2024

The greenhouse irrigation system market is estimated to witness a CAGR of 11.18% to reach US$1,588.840 million in 2024 from US$841.310 million in 2018. In a greenhouse irrigation system, crops are grown under an artificially controlled climate where the conditions like humidity, the temperature of the soil, are controlled and do not affect the quality of the crop, which in return increase the yield of the crop. Greenhouse irrigation market is continuously growing as it provides higher productivity of crops without any damage and also the rate of return on the crop is higher than those which are grown naturally; this irrigation method helps them in reducing the cost of labor, usage of land and water.

Farmers are using this irrigation system to produce the crops which cannot be grown during the off-season and due to the controlled environment, the duration growth of crops gets shortened. However, most small farmers are not able to get a hold on the products such as drip, sprinkler, boom, and capillary irrigation system, owing to their high cost and requirement for a long term investment to install and operate. LAck of awareness about greenhouse irrigation systems is another factor restraining the market growth.

Drivers

• Increased demand for organic food products
• Increasing demand in regions with unfavorable climatic conditions.

Opportunities

• Growth and development of greenhouse irrigation systems in various economies.

Industry Update

• In January 2017, Rivulis and Eurodrip joined hands to create a world leader in Micro irrigation
• In June 2019, the Netafim had teamed up with the Dexis and Soprotrilad to pilot a project that examines the economic feasibility of producing rice by an irrigation system.

• In May 2018, Jain Irrigation System is going to execute the Integrated Drip Irrigation project in Vidarbha region.

The major players profiled in the greenhouse irrigation system are Netafim, Rivulis Ltd., Jain Irrigation System, Nelson Irrigation Corporation, The Toro Company, Rain Bird Corporation, Lindsay, Valmont Industries, and Richel Group.

Segmentation

The greenhouse irrigation market has been analyzed through the following segments:

By Irrigation System Type

• Drip Irrigation System
• Capillary Irrigation System
• Boom Irrigation System
• Sprinkler Irrigation System
• Others

By Crop Type

• Vegetables
• Fruits
• Flowers and Ornaments
• Others

By Geography

• North America
• USA
• Canada
• Mexico

• South America
• Brazil
• Argentina
• Others

• Europe
• Germany
• France
• United Kingdom
• Spain
• Others

• Middle East and Africa
• Saudi Arabia
• Israel
• Others

• Asia Pacific
• China
• Japan
• South Korea
• India
• Others