The world's rapidly rising population is driving up demand for agricultural goods, which is driving up demand for agricultural crop production that uses the fewest resources possible, such as arable land, water, and energy.
Covid-19 Impact & Market Status
The COVID-19 pandemic had an influence on a variety of industries, including the worldwide irrigation valves industry. The impact of COVID-19 is principally defined by a supply-side disruption that has never been seen before. Moreover, transportation limitations hampered agricultural firms' access to necessary materials. Due to regulations intended at limiting COVID-19, manufacturing sector were forced to close, affecting the availability of agricultural inputs and the operations of farm equipment service suppliers.
The supply chain systems were affected as a result of the COVID-19 epidemic since a lot of basic equipment and supplies are heavily dependent on imports from other nations. Furthermore, the rigorous obligation of governing authorities to follow social distance rules led firms to operate with the minimum level of workers, causing a reduction in industry output rates. As a result, the Irrigation Valves company suffered as a result of all of these issues.
Metal Irrigation Valves Is Expected To Drive The Irrigation Valves Market
The market is divided into two types: metal and plastic. Metal now has the biggest market share, and it is expected to grow rapidly and continue to dominate the global market over the projection period.
Metal is one of the most important components in irrigation systems. It aids in the delivery of water to various types of crops based on their growth phases, and it also aids farmers in predicting agricultural productivity levels by detecting changes in soil moisture levels at any given time interval, allowing them to choose when to irrigate next.
Irrigation valves made of plastic are utilised in a variety of plastic pipes. The flow rate, pressure, pipe diameter, and other factors influence the kind and size of valve required for a given application. A plastic garden hose, also known as polyethylene (PE), is usually attached to a plastic irrigation valve that may regulate water flow according to needs.
Farmland Gains The Largest Revenue Among The Application segment In Irrigation Valves Market.
The Farmland component has the largest market share in the global market and is likely to grow rapidly throughout the forecast period. The segment focuses on the existing position of each application as well as the potential for significant application value, market share, and growth valuation. Irrigation systems are installed on a wide plot of land to deliver water and uniformly distribute it throughout the area. However, because farmers must constantly check their crops for changes in soil moisture levels using visual clues such as withering leaves or colour changes, this is one of the most time-consuming operations. Before selecting whether to irrigate next, this process must be completed so that plants may absorb the necessary nutrients for growth without being inundated by excessive valve pressure.
Garden hose kits are available from irrigation valve manufacturers, and they include various types of fittings and adapters for connecting them to sprinklers and other similar appliances used by customers at home or in small enterprises such as cafés and restaurants. These valves are simple to operate and offer a continuous water flow, allowing farmers to save money overall.
North America Region Is Dominating The Irrigation Valves Market Growth.
Because of its high awareness of irrigation valves, usage of modern technologies, and research and development activities, North America has the largest market share in the Global Irrigation Valves Market by Region. Furthermore, a spike in demand for automated systems is expected to aid this region's growth throughout the forecast period. The irrigation valves market in South America is expected to grow at the quickest rate. Market expansion in this area is being driven by factors such as expanding urban populations, increased agricultural & dairy cattle production in nations like Argentina and Mexico.
The region is expected to be the fastest-growing market in compared to other areas. Asia Pacific took the lead with 47 percent, followed by Europe, which is expected to increase at a rate of 5% over the next five years. The strong need for irrigation valves in this region may be ascribed to the abundant supply of fresh water and ideal climatic conditions, such as adequate rainfall throughout the year, which assists in higher agricultural yields and hence drives demand. During the projected period, a growing focus on the agricultural sector, as well as increased understanding about the optimal use of farm resources, especially water, for sustainable crop production, will contribute to regional income creation.
As a result of the worldwide water crisis, governments are encouraging water-efficient irrigation technologies such as drip irrigation and sprinkler irrigation systems for agricultural and non-agricultural purposes.
The Irrigation Valves market was worth USD 3.9 billion in 2022, and it is expected to grow to USD 6.6 billion by 2029, with a CAGR of 9.5 percent between 2022 and 2029.
Irrigation vales are a type of irrigation system that is used to water agricultural crops, lawns, landscaping, golf courses, and other regions. They're also utilised to keep things cool and keep dust out of the air. This sort of valve is used to control how much water is sprayed. Water can be dispersed via pumps, valves, pipes, and sprinklers. Irrigation valves are used in a wide range of applications, including industrial, residential, and agricultural.
Hunter, Toro, Netafim, Banjo, Storm Manufacturing Group, and others are significant participants in the global irrigation valves market. The top five manufacturers in the world control more than 40% of the market.
Due to rising demand for animal feedstock such as soybean oil and maize grain for biofuel production as a result of higher fossil fuel prices, the global agricultural land area under cultivation will rise considerably throughout the projection period.
Irrigation Valves are valves that control the flow of water via an irrigation system. Controlling water pressure to raise or reduce the pace at which it runs through a pipe accomplishes this. They manage this limit using internal valves, allowing for high volume discharges with minimal human effort.
The rapid loss of water supplies in most regions of the world has prompted serious worries for global agricultural development. As a result of the aforementioned rationale, demand for water-saving agriculture practices and irrigation systems such as drip irrigation is increasing. Drip irrigation's capacity to supply water straight to the root zone of plants aids in achieving good plant development. Other important considerations pushing the usage of drip irrigation include the relatively low cost of implementation and the absence of labour costs.
According to the United Nations, the world's population will reach 9.7 billion by 2050. Advanced irrigation technologies are critical in the current agriculture system to feed the expanding population. The usage of irrigation valves systems is now extremely restricted, therefore there is a lot of room for expansion in the coming years. Micro-irrigation has a number of advantages, including reduced weed growth and soil erosion, equal water distribution, and correct field levelling, to name a few. Simultaneously, new technologies such as IoT, automation, and remote monitoring ideas are being used by the sector to provide accuracy to irrigation activities and improve water usage efficiency.
With a rising understanding of the relevance of micro-irrigation systems like drip irrigation in today's agriculture, governments throughout the world are providing large subsidies to encourage farmers to use them. The launch of awareness campaigns to educate farmers about contemporary agricultural techniques is expected to help the market for micro irrigation systems develop even faster. Furthermore, firms in the market are always working to increase their product portfolios, grow globally, and collaborate with governments, all of which are projected to have a favourable impact on the market throughout the forecast period.
Farmers in many emerging nations are opposing the adoption of micro-irrigation systems because to the high initial cost of installation, which is limiting the market's growth. Additionally, the system's lengthy installation time and damage to irrigation components like as drip tubes caused by excessive exposure to sun heat might limit the drip irrigation market's growth. Micro-irrigation is better suited to horticultural or orchard crops, since these systems are not good for field crops like maize, wheat, or soybeans.
Key players such as Banjo, Cepex, Ace Pump, AKPLAS, Comer Spa, DICKEY-john, Eurogan, Hunter Industries, Elysee Rohrsysteme GmbH, INDUSTRIE BONI Srl, Irritec, Komet Austria, Irriline Technologies, MARANI IRRIGAZIONE Srl, Waterman Industries PERROT Regnerbau, Nelson Irrigation, Pentair, Plastic-Puglia srl, Rivulis Irrigation S.A.S., RAIN SpA, Raven Industries, Senmatic A/S, Toro, UNIRAIN S.A., TeeJet Technologies, VYRSA S.A., and others.
To enhance their brand visibility, veterans of the global irrigation valve industry are purchasing numerous small and medium scale enterprises. The method also allows the players to grow their dominance in the irrigation valve industry by penetrating regional markets.
Latest Innovation in the Global Irrigation Valves Market: A snapshot
- The Flexi Spray Kit, a ground-breaking field crops spray irrigation technology, was introduced by Netafim India in India. The sturdy D-Net 3D diffusion arm in this innovative product offers the highest degree of water distribution homogeneity for increased crop yields.
- Lindsay Corporation has acquired Net Irrigate LLC, an agriculture Internet of Things technology company that provides remote monitoring solutions to irrigation clients. It will now be included in Lindsay's FieldNET line of remote irrigation monitoring and control devices.
- Toro strengthened its presence in the sector by acquiring Regnerbau Calw GmbH, a German irrigation equipment manufacturer.
Irrigation Valves Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 6.6 billion|
|Growth Rate||CAGR of 9.5 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Banjo, Cepex, Ace Pump, AKPLAS, Comer Spa, DICKEY-john, Eurogan, Hunter Industries, Elysee Rohrsysteme GmbH, INDUSTRIE BONI Srl, Irritec, Komet Austria, Irriline Technologies, MARANI IRRIGAZIONE Srl, Waterman Industries PERROT Regnerbau, Nelson Irrigation, Pentair, Plastic-Puglia srl, Rivulis Irrigation S.A.S., RAIN SpA, Raven Industries, Senmatic A/S, Toro, UNIRAIN S.A., TeeJet Technologies, VYRSA S.A., and others.|
Key Segments of the Global Irrigation Valves Market
Type Overview, 2022-2029 (USD Billion)
Application Overview, 2022-2029 (USD Billion)
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa