According to a research report published by Spherical Insights & Consulting, the global drip irrigation market will be valued at USD 5.12 billion in 2021 and the global drip irrigation market will be worth USD 12.15 billion by 2030. expected to reach. Companies Covered: Antelco pty ltd., Mahindra EPC Ltd, Microjet Irrigation Systems, Alkhorayef Group, Metzer Group, Grupo Chamartin SA, Azud, Metro Irrigation, Netafim, Rain Bird Corporation, Chinadrip Irrigation Equipment Co., Ltd., Elgo Irrigation Ltd. , Irrigation Direct Canada, Hunter Industries Inc., Goldenkey, KSNM DRIP, Raindrip, Inc, Rivulis, DRIPWORKS, Irritec SpA, Jain Irrigation Systems Ltd., Lindsay Corporation, The Toro Company, etc.
NEW YORK, USA, April 5, 2023 (GLOBE NEWSWIRE) — Global drip irrigation market size It will grow from USD 5.12 billion in 2021 to USD 12.15 billion by 2030, with a compound annual growth rate (CAGR) of 10.08% during the forecast period. The drip irrigation market is projected to grow significantly during the forecast period as a result of increasing government support for agricultural mechanization, especially in developing countries, and the acceptance of smart irrigation technologies and need for water conservation.
Global Economy: Added recession risk rise analysis and impact of Russia-Ukraine conflict war to final premium report.
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Drip irrigation, also called drip irrigation, is a method of dripping water into the soil at a very low rate through a network of small diameter plastic pipes fitted with emitters or drippers. Innovative irrigation methods, including drip irrigation, have been developed to provide crops with the amount of water needed at specific times. Drip irrigation is more effective than conventional methods or sprinkler irrigation because the water is applied directly to the root zone and evaporative loss of water is minimized. In silty soils, a well-designed drip irrigation system reduces evaporation, water runoff and deep infiltration. These advantages make drip irrigation popular in many countries with limited water resources for irrigation. Governments are working to promote water-efficient irrigation techniques such as drip and sprinkler irrigation systems for agricultural and non-agricultural purposes in response to increasing water scarcity worldwide. The launch of an awareness creation program to educate farmers on the latest agricultural techniques is expected to help grow the micro irrigation systems market. In addition, market participants are making continuous efforts to diversify their product portfolios, expand globally, and cooperate with governments, all of which are expected to have a positive impact on the market during the forecast period. will be However, growers in many emerging economies oppose the use of micro-irrigation systems due to high initial installation costs that hinder future growth.
Browse 200 pages of key industry insights and use 130 market data tables and charts and graphs from the report. “Global drip irrigation market sizeshared, and COVID-19 impact analysis, by application (surface, underground), by crop type (fruits and nuts, field crops, vegetable crops, others), by component (emitter/dripper, drip tube/drip line, pressure pumps), valves, filters, fittings and accessories), and by region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030″. Get the detailed report description here:
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The surface segment is expected to grow the fastest over the projected period.
The global drip irrigation market is divided into surface and underground applications. The surface segment of the drip irrigation market is projected to expand the most in the coming years. Surface drip irrigation systems are becoming increasingly popular due to their low installation and maintenance costs, boosting growth. Surface drip irrigation is commonly used in both perennial and annual row crops.
The field crop segment is expected to dominate the global market during the forecast period.
The global drip irrigation market is segmented by crop type into fruits and nuts, field crops, vegetable crops, and others. Among these, the field crop segment is expected to dominate the global market during the study period. The reason for the expansion is that there are many benefits, such as higher profit margins while using less fertilizer and water.
The emitter/dripper segment accounts for the largest share.
The global drip irrigation market is segmented by component into emitters/drippers, drip tubes/drip lines, pressure pumps, valves, filters, fittings, and accessories. The emitter/dripper segment holds the largest majority share and is expected to dominate the segment over the estimated period by market players. Emitter technology advancement is expected to increase as a result of increased demand from both residential and commercial industries. trend.
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Asia Pacific is expected to hold the largest share in the drip irrigation market during the forecast period.
The Asia-Pacific region is estimated to hold the largest global market for drip irrigation in 2021 and maintain its dominance throughout the forecast period. Drip irrigation is rapidly gaining popularity around the world, especially in developing countries where water is scarce. Growing adoption of micro-irrigation in countries such as China and India, along with increasing technological development, is projected to boost market demand during the forecast period.
North America is projected to expand the fastest during the forecast period. The North American irrigation market is driven by advances in the irrigation sector and a focus on producing more yields with less resources. Drip irrigation is well known for its ability to conserve water used in agricultural production and has greatly contributed to its widespread adoption on large and medium-sized farms in the United States and the rest of the North American economy.
Competitor analysis:
This report mainly provides a proper analysis of the major organizations/companies involved in the global market along with comparative evaluation based on product offerings, business overview, geographical presence, company strategy, segment market share, and SWOT analysis. Offers. The report also provides an in-depth analysis focused on the company’s current news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows for an assessment of the overall competition within the market. Major vendors in the global drip irrigation market include Antelco pty ltd., Mahindra EPC Ltd, Microjet Irrigation Systems, Alkhorayef Group, Metzer Group, Grupo Chamartin SA, Azud, Metro Irrigation, Netafim, Rain Bird Corporation, Chinadrip Irrigation Equipment Co. , Ltd. , Elgo Irrigation Ltd., Irrigation Direct Canada, Hunter Industries Inc., Goldenkey, KSNM DRIP, Raindrip, Inc, Rivulis, DRIPWORKS, Irritec SpA, Jain Irrigation Systems Ltd., Lindsay Corporation, The Toro Company, and others.
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Recent development
April 2022, Rivulis has partnered with agritech portal AgriBazaar. Together, the two companies have provided AgriBazaar’s customers with access to the latest drip irrigation programs and technology. Moreover, this relationship will benefit not only the agroecosystem, but also the viability and sustainability of the Indian market.
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