Drip Irrigation Market Projected to Expand at 11.36% CAGR Through 2030
The Global Drip Irrigation Market size was valued at around USD 6.1 Billion in 2023 and is projected to grow at a CAGR of around 11.36% during the forecast period, i.e., 2024-30, owing to the growing initiatives & programs by governments of different countries, shifting the focus of the farmers to make higher profits by utilizing their 100% of farms. For instance, in 2022, Andhra Pradesh, India announced to spend approximately USD181 million to provide drip irrigation facilities on 3.75 lakh acres of agricultural land in the state.
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Strategic Takeaways from the Report:
- Market Sizing and Forecasting
- Regulatory and Policy Influence
- Competitive Trends and M&A Activity
- Innovation Drivers and Disruptive Technologies
- Investment Hotspots and Emerging Niches
- Geographical Dynamics and Trade Flows
Drip Irrigation Market Segment Overview & Classification
This market is categorized to offer targeted insights across various operational and consumer-related verticals.
Segment List:
By Component
- Emitters/Drippers
- Pressure Pumps
- Drip Tubes/Drip Lines
- Valves
- Filters
- Fittings & Accessories
Among them, Drip Tubes/Drip Lines held a considerable share in the Global Drip Irrigation market, owing to their easy & convenient usability. The tubing has an emitter installed at the same interval along the length that allows direct water supply to the required plant without hassle.
By Crop Type
- Field Crops
- Fruits & Nuts
- Vegetable Crops
- Other Crops (turf, ornamental, and spice crops)
Of them all, the Field Crop has shown notable growth during the historical period as the drip system is very peculiar & fulfills the need for the water & nutrition of every crop as per its growth requirements. In addition, the drip system is used to grow a variety of crops like sugarcane, cotton, corn, etc.
By Application
- Agriculture
- Landscape
- Greenhouse
Among them, Greenhouses witnessed significant growth in the Global Drip Irrigation market, owing to the soaring implementation of greenhouses around the globe. For instance, in 2021, around USD110 million were invested in the construction of an around 40-acre greenhouse in Texas, the US, for the better production & continuous supply of leafy greens in the region.
By Emitter Type
- Inline
- Online
Among them, the inline emitter type holds a significant share in the Global Drip Irrigation market during the historical period. The inline emitter has a drip emitter that is directly attached to the tubing space and is convenient to use the farms where the plants are close together or are evenly spaced.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
Of all the regions globally, the Asia-Pacific Drip Irrigation market has been portraying a noticeable growth since 2018, owing to the increasing installation of drip irrigation systems in emerging economies, such as China & India. The rising adoption of micro-irrigation systems across the globe has propelled market growth during the historical period. Furthermore, some other factors responsible for the market growth are rising up-gradation in the agricultural industry along with growing farmer awareness about modern farming techniques & irrigation systems such as drip irrigation system, which is expected to boost the market growth in the coming years.
These divisions help clarify demand patterns and expected shifts.
Market Driver
Pressing Need for Water Conserving Technologies in Agriculture to Rise the Market Growth - According to the World Bank, 70% of global water reserves are used for agriculture, while 60% is wasted, thus highlighting the need for water-saving technologies in agriculture. Furthermore, agricultural products are a necessity for the survival of the human population, hence the demand for water-conserving technologies for irrigation purposes enhanced significantly across the globe.
Moreover, there are numerous benefits associated with the use of drip irrigation systems, such as reduction in weed growth & soil erosion & providing proper field leveling, which resulted in escalating the demand for drip irrigation systems across the globe.
Drip Irrigation Market Competitive Snapshot from 2024-2030
The report highlights established and emerging players in the global Drip Irrigation Market, evaluating their strengths, challenges, and potential for innovation.
Key Competitors Include:
- EPC Industries Limited
- Driptech Incorporated
- Microjet Irrigation Systems
- Rain Bird Corporation
- Rivulus Irrigation
- Netafim limited
- Jain Irrigation System Limited
- Lidsay Corporation
- The Toro Company
- Valmont Industries
- T-L Irrigation Company
- Reinke Manufacturing Company, Inc.
- ELGO Irrigation Limited
- Hunter Industries Inc.
Their activities include partnerships, product launches, and geographic expansions.
Drip Irrigation Industry Trend
Increasing Shift from Traditional to Modern Water-efficient Irrigation Technology - The shift from traditional to modern water-efficient irrigation technology in developing countries such as India, Turkey, etc., to conserve water, energy, and labor, has resulted in increasing demand for modern irrigation technology to reduce water consumption during agricultural activities. Furthermore, the rapidly depleting water resources across the globe have raised concerns about the global agricultural economy. As a result, the demand for water-saving agricultural practices & modern irrigation systems has increased globally. In addition, drip irrigation systems deliver water directly to the roots of plants, enabling healthy growth.
Moreover, the low cost of installation & no additional labor cost associated with the drip irrigation system has further escalated the market growth globally. Therefore, the demand for drip irrigation systems is estimated to increase significantly in the forthcoming years.
Frequently Asked Questions (FAQs):
- What industries are most impacted by this market?
- How is technology reshaping operations and offerings?
- Which competitors dominate the landscape?
- What risks could disrupt market expansion?
- How should businesses respond to demand fluctuations?
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