Description
Global Drip Irrigation System Market to surpass USD 12.23 billion by 2030 from USD 5.9 billion in 2020 at a CAGR of 11.6 % in the coming years, i.e., 2021-30.
Global Drip Irrigation System Market
Product overview
Drip irrigation system enables controlled water utilization, where water slowly is transferred to the plants’ root system. Water is drained on the surface of the ground over the roots, or directly into the root zone, using this method.
This method is intended to lessen the evaporation of water. Drip irrigation, properly installed and managed by controlling evaporation and drainage, can assist in significant water conservation processes.
It can be used efficiently and control desertification for all soil types. The drip system also helps to supply organic materials and nutrients through the drip pipes to the plants. It is the most sustainable water irrigation method since only the required surface needs less water and wets. This system is able to produce high yields with scarce resources that have driven demand for farming.
Market Highlights
Global Drip Irrigation System market is expected to project a notable CAGR of 11.6 % in 2030.
The main driving forces behind the growth of Drip irrigation systems market include government initiatives, water conservation activities, enhancement of production, and decrease in production cost.
The increasing need for optimal crop production with scarce funds gives it tremendous popularity among farmers. Furthermore, the drip irrigation system has the potential to provide better yield with limited water supply which is expected to drive the demand for global drip irrigation system over the forecast period.
Global Drip Irrigation System Market: Segments
Inline segment to grow with the highest CAGR during 2020-30
Global Drip Irrigation System market is segmented by Dripper Type into Inline and Online. Inside the laterals, inline emitters are usually equally distant. Inline emitters can be flat, cylindrical, boat-shaped, or connected to the inner sidewall.
Inline emitters are generally used to produce onion, chili, potatoes, turmeric, veggies, sugarcane, or cotton for row crops or field crops. They are made of high-quality low-density linear polyethylene. They offer maximum tolerance to obstruction.
Vegetables segment to grow with the highest CAGR during 2020-30
Global Drip Irrigation System is divided by End-Use into Vegetables, Flowers & Ornamentals, Fruit Plants, and Nursery Crops.
The main driving forces behind the growth of this segment include increased agricultural mechanisms in developing countries, lower labor costs as a result of growing demography, increased pressure for food supplies in the world as a result of increasing population, significant savings on smart farming techniques, and government initiatives to adopt advanced agricultural technology.
Market Dynamics
Drivers
Surge in demand for better irrigation systems
A growing population combined with the worldwide food demand is the main driver of the Drip irrigation systems market. Drip Irrigation Systems ensure good agricultural growth and improved yield by frequently supplying a sufficient quantity of water.
The ability to grow crops year-round is a strong catalyst for the growth of a Drip irrigation system market, as is increased population and government support. Accordingly, Drip adoption is anticipated to witness significant growth in the coming years, which will lead to higher Drip irrigation systems demand.
Increasing adoption of sustainable farming practice
The exhaustion of natural resources and environmental deterioration are some of the factors that limit cultivation. Growing environmental concerns encourage farmers to focus on sustainable farming practices, like natural resource conservation.
This has led to the need to improve the nutrition and protection of crops and to enhance the Drip Irrigation System market. Multiple growth opportunities have been developed through technological innovations such as vertical farms with intelligent designs to maximize yields and cut waste.
Restraint
High initial cost and limited awareness
The market is hindered by the high costs and the maintenance, and by a lack of awareness. Drip irrigation system is an intelligent irrigation technique requiring technical knowledge.
Limited knowledge about and use of advanced technologies creates an imbalance between comprehension and implementation of the concepts in the field of irrigation.
While several governments and market players around the world take initiatives to provide training and advising farmers on the use of such agricultural practices, many farmers are not involved. Similarly, limited technical know-how is hindering the growth of the Drip Irrigation System market.
Global Drip Irrigation System Market: Key players
The Toro Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Netafim Ltd
Jain Irrigation Systems Ltd
Nelson Irrigation
Lindsay Corporation
Rain Bird Corporation
Valmont Industries, Inc.
Rivulis Irrigation
EPC Industries Limited
Irritec S.p. A
Other Prominent Players
Global Drip Irrigation System Market: Regions
Global Drip Irrigation System market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global Drip Irrigation System in Asia pacific held the largest market share of XX.X% in the year 2020. Countries in the APAC region, including China, India, and Japan, registered strong growth over the projected period largely attributable to high forecasts for economic growth and large populations that lead to high-end product consumption.
Authorities across the region are also aware of the need for policy initiatives to promote protected cultivation. The reduced interest loans and incentives for the introduction of modern and advanced micro-irrigation systems are some of the most notable government initiatives.
Increasing use in various agricultural applications of technological advancements, reducing labor levels, consolidating farms, increasing population, and the increasing demand for high productivity from current farming areas are some other factors driving the growth of the Drip Irrigation System market.
Global Drip Irrigation System is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Drip Irrigation System Market report also contains analysis on:
Drip Irrigation System Market Segments:
By Dripper Type
Inline
Online
By End-User
Vegetables
Flowers & Ornamentals
Fruit Plants
Nursery Crops
Drip Irrigation System Market Dynamics
Drip Irrigation System Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Frequently Asked Questions
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