Market Trends of China Agricultural Irrigation Machinery Industry
This section covers the major market trends shaping the China Agricultural Irrigation Machinery Market according to our research experts:
Increasing Awareness of Drip Irrigation System
The drip irrigation segment is projected to witness one of the highest CAGR during the forecast period. Mostly, subsurface drip irrigation systems are used in the country to facilitate agricultural production both for human consumption and animal use. This allows the farmers to focus on the cattle, while still ensuring that there is sufficient food for the animals with the right nutritional quality. This results in enormous financial savings and has lead to higher revenues, in the micro-irrigation systems market. This, in turn, has been driving the overall market for irrigation in the country. The only factor, which may restrict the drip irrigation systems market, is its high cost, which farmers have to incur, especially when they are far from the water source.
Dominance of Major Water Consuming Crops
China majorly produces and exports maize, rice, and sugarcane to feed the local growing population and to countries, such as Korea, Vietnam, Egypt, and Turkey. Sugarcane requires a large amount of water at about 645-738.6 metric ton per year in China. The crop production of irrigated areas is much higher than that of non-irrigated land, especially in northwest China where the production of irrigated paddy land is about three times higher than that of non-irrigated land. The production of maize, rice, and sugarcane was 257.3 million metric ton, 214.0 million metric ton, and 108.7 million metric ton respectively during the financial year 2018. Thus, to produce a huge quantity of such crops, the farmers became highly dependent on the use of irrigation systems, like drip and sprinkler irrigation systems. This, in turn, drove the market for agricultural machinery in the country.
