Increasing Need for Water Conversation to Fuel MENA Drip Irrigation Systems Market
Albany, NY -- (SBWIRE) -- 06/13/2018 -- The Middle East and North Africa (MENA) market for drip irrigation systems is expected to exhibit a vigorous growth in the forthcoming years, according to Transparency Market Research (TMR). The market's vendor landscape is a highly competitive one, exhibiting a fragmented scenario among the existing players. The market vendors are expected to focus on distribution channels in order to thrive in the market. Expansion and consolidation are also key strategies that market players could pick up in order to gain a footing in the MENA drip irrigation systems market.
According to TMR's report, the Middle East and North Africa drip irrigation systems market stood at US$98.3 mn in 2013 and is rising at a CAGR of 18.30% between 2014 and 2020. By the end of the forecast period, the market is estimated to reach a value of US$317.4 mn.
According to our report, among the various applications, the segment of agriculture held roughly 49.0% of the MENA drip irrigation market in 2013 in terms of applications. The segment is expected to maintain its lead, and progressing at a stellar 18.90% CAGR over the duration of forecast.
Regionally, Middle East dominated the MENA drip irrigation market in 2013, with a share of over 70% in the market, and is expected to continue leading the market, on account of a faster penetration rate and substantial share of market revenue.
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Surge in Demand for Agriculture to Augment Demand
Drip irrigation can improve the productivity of vegetables by 70% through the greenhouse system. This is because drip irrigation involves regular and slow application of low pressure water directly to the root zone of the crops. Besides consuming less water, the losses incurred due to fertilizer use are also minimized, reducing cost and enabling farmers to irrigate more crops area per unit of water used. The labor requirement for weeding, fertilizer, and irrigation is also less compared to other irrigation systems.
Thus, with the rising developments in agriculture in the MENA region, the demand for these systems is predicted to rise a substantial rate. Moreover, countries such as Qatar, Morocco, and Sudan are focusing on development of their agriculture sector in order to increase their agricultural productivity.
Greenhouse production is anticipated to expand considerably in the coming years due to large scale production of different vegetables, fruits and other crops. Since drip irrigation systems are the most suitable form of irrigation for greenhouses, the adoption of these systems in this application is predicted to augment significantly the forecast period, fuelling the MENA drip irrigation systems market.
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Rising Awareness towards Drip Irrigation and its Benefits to Boost Market
Micro agricultural systems such as drip irrigation facilitate in reducing water wastage and eliminate soil erosion, due to which the drip irrigation systems market is expected to witness extensive demand among emerging nations. Small-scale farmers are focusing on implementing these systems, which will help them increase crop yields by utilizing minimum water. Moreover, increasing technological advancements in drip irrigation systems are equipping large-scale land farmers in the agricultural sector and large lawn owners in the household sector with tools to control and monitor the water flow and intake of plants.
Irrigation systems such as drip and sprinklers are proven reduce the water consumption of crops and increase the yield, leading to which regional governments across MENA are encouraging farmers to implement these products, which favors the market growth and stimulates various market participants to develop efficient and low-cost drip irrigation products.