Leading Micro Irrigation System Crop Type 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. Orchard Crops segment is expected to be the highest contributor to this market, with $3,158.3 Million in 2020, and is anticipated to reach $11,438.4 Million by 2029, registering a CAGR of 15.44%. Field Crops segment is anticipated to reach $8,809.7 Million by 2029 with the highest CAGR of 17.15%. Orchard Crops and Plantation Crops segments collectively expected to account for about 61.3% share of the Micro Irrigation System market in 2020, with the former constituting around 32.4% share. Field Crops and Forage & Grass segments are expected to witness significant growth rates at a CAGR of 17.15% and 15.89% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 34.5% in the overall Micro Irrigation System market in 2020, and is anticipated to reach 37.0% by 2029.
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