Leading Micro Irrigation System Application Markets Databank
The Micro Irrigation System market was valued at $9,762.3 Million in 2020, and is projected to reach $36,427.8 Million by 2029 growing at a CAGR of 15.82% from 2021 to 2029. Agriculture segment is expected to be the highest contributor to this market, with $5,668.6 Million in 2020, and is anticipated to reach $21,498.8 Million by 2029, registering a CAGR of 16.03%. Nursery segment is anticipated to reach $3,807.2 Million by 2029 with the highest CAGR of 16.97%. Agriculture and Landscape segments collectively expected to account for about 75.2% share of the Micro Irrigation System market in 2020, with the former constituting around 58.1% share. Nursery and Agriculture segments are expected to witness significant growth rates at a CAGR of 16.97% and 16.03% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 67.6% in the overall Micro Irrigation System market in 2020, and is anticipated to reach 69.5% by 2029.
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