Asia-Pacific Greenhouse Irrigation Systems Market

Asia-Pacific Greenhouse Irrigation Systems Market Size (2024 to 2032)

The asia-Pacific greenhouse irrigation systems market was valued at USD 617.38 million in 2023 and is anticipated to reach USD 686.03 million in 2024 from USD 1594.71 million by 2032, growing at a CAGR of 11.12% from 2024 to 2032.

The market is forecasted to show significant potential in the mentioned period. With the increasing demand for higher yields in crops and raising awareness among farmers regarding the benefits of greenhouse irrigation systems, the market is likely to continue its momentum in market growth.

The Greenhouse Irrigation Systems market can be referred to as the market group comprising different types of irrigation systems used in a greenhouse. Greenhouses are generally used to provide favorable climatic conditions to plants. These plants, cultivated in greenhouses, require an adequate water supply to maintain high yield and better growth. In a greenhouse, irrigation techniques used commonly are drip irrigation, boom irrigation, etc.

Market Drivers and Restraints

New technological advancements and the rise in greenhouse-covered areas are the biggest contributors to the market to make its way into the agricultural industry. Other major factors responsible for driving the greenhouse irrigation system market are the demand for varied crops around the year, focus on water usage efficiency, better quality & yield of crops, and a rising population, which results in increased demand. The market is also hindered by a few restraints related to the market that include high maintenance costs, huge investment in setting up, and lack of technical knowledge.

SEGMENTATION ANALYSIS

By Type

• Micro-sprinkler irrigation system
• Drip irrigation system
• Boom irrigation system

The market was dominated by drip irrigation systems in 2016, and it is expected to be the same by the end of 2021.

By Application

• Vegetables
• Fruit plants
• Flowers & ornaments
• Nursery crops

Out of these, the vegetable segment leads the overall market share on the basis of application.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

KEY MARKET PLAYERS

Some of the major companies dominating the market, by their products and services, include Netafim Ltd., Nelson Irrigation Corporation, Rivulis Irrigation Ltd., Valmont Industries Inc., Jain Irrigation Systems Ltd., The Toro Company, EPC Industries Limited, Lindsay Corporation, Rain Bird Corporation, Irritec S.P.A.