PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164905
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164905
The Drip Irrigation Market size was valued at USD 5,006.6 Million in 2021, expanding at a CAGR of 10.3% from 2022 to 2028.
Trickle irrigation, also referred to as drip irrigation, is a type of micro-irrigation technique that ensures the gradual application of water to the soil surface consistently over a longer period through small diameter tubes and pipes delivered at the root zone of the plants, drop by drop, via drippers. Due to its ability to provide water straight to the roots of plants, drip irrigation is considered to be one of the most successful methods of irrigation.
Market Dynamics:
In the near future, the drip irrigation market will be driven by the rise in growers' preference for drip irrigation due to its exact application of crops, which is ascribed to government initiatives, financial institution assistance, worldwide water constraints, and technological advancement. The Asia-Pacific market is growing quickly. The market in the region is propelled by the expanding use of micro-irrigation systems, rising agricultural technology advancements, and rising public knowledge of contemporary farming methods and irrigation systems. Due to the demand for low-cost production inputs, major companies and distributors are focusing on developing nations like China and India. However, a sophisticated level of management and high costs are some key factors expected to restrain global drip irrigation market revenue growth to some extent over the forecast period. Limited awareness regarding modern agricultural practices among farmers in less developed countries is another factor negatively impacting market revenue growth over the forecast period.
COVID-19 Impact:
The COVID-19 pandemic affected several industries, notably the demand for irrigation systems worldwide. The main effect of COVID-19 can be summed up as an extraordinary supply-side disruption. Furthermore, due to constraints intended to contain COVID-19, the manufacturing sector was shut down. Irrigation system production efficiency has dropped globally as a result of workforce scarcity and a lack of readily available raw materials. Less influence was felt on the irrigation systems market than in 2020 as things returned to normal.
Geography:
In 2020, the largest revenue share was generated by the Asia Pacific drip irrigation market, and this trend is anticipated to continue throughout the forecast period. This is a result of the massive population density in nations like China and India, fast urbanization, growing use of sophisticated irrigation techniques, and increased demand for higher-quality crops. Besides, throughout the forecast period, the Europe drip irrigation market is anticipated to achieve a strong revenue share. This is because rising industrialization has led to a loss of arable land, which has raised the drip irrigation systems demand. Government programs that encourage the use of drip irrigation systems on farms to boost agricultural productivity also contribute to market expansion in this region.
Recent Development:
In August 2021, a comprehensive all-in-one irrigation solution that is simple to install and reasonably priced has been introduced by NetafimIndia, a major provider of smart irrigation solutions. The kit provides installation assistance without the need for additional personnel and is intended for small farmers with acreage up to one acre.
In May 2021, for its drip tape line, The Meltzer Group Inc. (United States) introduced new ring connectors. These novel ring connections can be used with thin-walled pipes and come in four other variations as well.
Key features of the study:
This proposed research study on the Drip Irrigation market provides market size (US$ Million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the Drip Irrigation market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Drip Irrigation market
The impact of COVID-19 on the Drip Irrigation market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Drip Irrigation market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Drip Irrigation market, we have also included a competitive landscape and key innovator analysis for the Drip Irrigation market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Drip Irrigation market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Drip Irrigation market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL DRIP IRRIGATION MARKET KEY PLAYERS
Lindsay Corporation
Jain Irrigation Systems Ltd
The Toro Company
Netafim Limited
Rain Bird Corporation
Chinadrip Irrigation Equipment Co. Ltd
Shanghai Huawei Water Saving Irrigation Corp.
Antelco Pty Ltd
Microjet Irrigation
T-L Irrigation
Sistema Azud
Metzer Group
GLOBAL DRIP IRRIGATION MARKET, BY CROP TYPES
Field Crops
Vegetable Crops
Orchard Crops
Vineyards
Other Crops
GLOBAL DRIP IRRIGATION MARKET, BY APPLICATION
Surface Drip Irrigation
Subsurface Drip Irrigation
GLOBAL DRIP IRRIGATION MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA