PUBLISHER: The Business Research Company | PRODUCT CODE: 1436218
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436218
Drip irrigation, a type of micro-irrigation system, involves placing emitter-equipped tubing near plants, also known as trickling irrigation.
Drip irrigation utilizes two main types of drippers: inline emitters and online emitters. Inline emitters are essential components of dripping laterals, featuring smooth and bump-free developing ducts. The system incorporates filters, drip pipes, emitters, valves, pressure gauges, fittings, and other components. These are employed in diverse crop applications, including field crops, fruit and nuts, vegetable crops, and others, for both surface and subsurface applications.
The drip irrigation market research report is one of a series of new reports from The Business Research Company that provides drip irrigation market statistics, including the drip irrigation industry global market size, regional shares, competitors with drip irrigation market share, detailed drip irrigation market segments, market trends, and opportunities, and any further data you may need to thrive in the drip irrigation industry. This drip irrigation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The drip irrigation market size has grown rapidly in recent years. It will grow from $6.59 billion in 2023 to $7.37 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth observed in the historic period can be attributed to concerns related to water scarcity, efforts to increase crop yield and quality, government support and subsidies, a rise in commercial agriculture, and a heightened focus on sustainable agriculture practices.
The drip irrigation market size is expected to see rapid growth in the next few years. It will grow to $11.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The anticipated growth in the forecast period can be attributed to factors such as population growth and concerns about food security, the expansion of horticulture and floriculture, adaptation to climate change, technological advancements in irrigation systems, and increased awareness and adoption in emerging markets. Major trends expected in this period include the adoption of drip irrigation in greenhouse farming, advancements in the design of drip irrigation systems, the application of micro-irrigation for smallholder farmers, the use of drip irrigation in urban and landscaping applications, and a shift towards organic and specialty crop production.
The anticipated growth in the demand for agricultural products is poised to propel the expansion of the drip irrigation market. Drip irrigation, a method used to deliver water and nutrients directly to the plant's root zone, plays a crucial role in enhancing crop yields through improved water and fertility management. This technology is instrumental in meeting the increasing demand for agricultural products by optimizing the use of resources. A notable example is reflected in the January 2022 economic survey report shared by the government of India, indicating a record production of 308.65 million tons of food grain nationwide in 2020-21, showcasing an 11.15 million-ton increase from the previous year. The forecast for 2021-2022 anticipates a record production of 150.50 million tons of food grain, marking a further 0.94 million-ton increase from the Kharif production of 2020-2021. Additionally, according to the Crop Production 2021 Summary by the United States Department of Agriculture (USDA), the estimated corn for grain output in 2021 increased by 7% from the previous year, reaching 15.1 billion bushels. Grain production saw a significant 20% surge to 448 million bushels, and the predicted cotton production rose by 21% to 17.6 million 480-pound bales. Consequently, the rising demand for agricultural products is a key driver fueling the growth of the drip irrigation market.
The anticipated growth in the global population is set to propel the expansion of the drip irrigation market. The term "increasing population" refers to the steady rise in the total number of people residing in a specific area, region, or country, contributing to demographic growth. Drip irrigation plays a pivotal role in addressing the challenge of feeding a growing global population by efficiently conserving water resources and optimizing agricultural productivity. This technology ensures sustainable and increased food production, aligning with the needs of a burgeoning population. As of November 2022, the United Nations projects a population increase of nearly 2 billion people in the next 30 years, with estimates rising from the current 8 billion to 9.7 billion by 2050. Consequently, the upward trajectory of the global population is a significant factor driving the growth of the drip irrigation market.
Technological advancements stand out as a prominent and popular trend in the drip irrigation market. Major companies within the sector are actively engaged in pioneering new technologies to maintain their competitive edge. A noteworthy example is Netafim, an Israeli manufacturer of irrigation equipment, which introduced the AlphaDisc filter in May 2021. This intelligent automated filter is designed to address the challenge of degrading water quality. Its primary function is to prevent organic impurities from obstructing irrigation systems, benefiting growers by boosting output, reducing costs, and instilling peace of mind. The AlphaDisc filter utilizes first-of-its-kind remote sensing technology and algorithms, providing farmers with online information and insights for comprehensive monitoring. Representing an innovative product and a new era of cutting-edge filtration systems, AlphaDisc not only safeguards irrigation systems but also offers performance data measurement, enabling growers to effectively monitor and manage their invaluable resources.
Major players in the drip irrigation market are placing an increased emphasis on the introduction of portable drip irrigation kits as a strategy to enhance their competitive standing. A portable drip irrigation kit is a compact and easily transportable system designed to deliver water efficiently to plants in various settings, including gardens, small farms, or other agricultural environments. For instance, in August 2021, Netafim, an Israeli irrigation company, unveiled a portable drip irrigation kit tailored for small farmers in India. This cost-effective kit comes complete with a step-by-step manual for straightforward and swift installation, as well as easy operation and maintenance. The comprehensive package includes essential components such as driplines or sprinklers, sub-mains, valves, filters, and connectors. Notably, the design prioritizes user-friendliness, requiring no specialized skills or prior experience, thereby making it accessible to a diverse range of users.
In January 2023, CropX Technologies, a technology company based in the United States, successfully acquired Tule Technologies for an undisclosed amount. This strategic acquisition is anticipated to facilitate CropX Technologies in broadening its market footprint in California while also strengthening its offerings in the realm of specialty crops and drip irrigation. Tule Technologies, the acquired company, is a US-based precision irrigation company with a specialization in providing innovative irrigation solutions.
Major companies operating in the drip irrigation market report are The Toro Company, Valmont Industries lnc., Netafim Limited, Jain Irrigation Systems Ltd., Rain Bird Corporation, Lindsay Corporation, Hunter Industries Inc., Rivulis Irrigation Ltd., Naandan Jain Irrigation Ltd., Eurodrip S.A, T-L Irrigation Company, Grupo Chamartin S.A, Stax Technologies, Irritec S.P.A, Driptech Incorporated, DripWorks Inc., Irrigation-Mart lnc., Chinadrip Irrigation Equipment Co. Ltd., Aqua Solutions lnc., Goldenkey, Elgo Irrigation Ltd., Antelco Pty. Ltd., Microjet Irrigation Systems, EPC Industries Limited, Nelson Irrigation Corporation, Sistema Azud S.A, Shanghai Huawei Water Saving Irrigation Corp., Metzer Group, KSNM DRIP, Raindrip Inc., Anupam Agri Industries Ltd.
Asia-Pacific was the largest region in the drip irrigation market share in 2023. The regions covered in the drip irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the drip irrigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The drip irrigation market consist of sales of mainline, sub mains, lateral, drippers, filter systems and small fittings and accessories used in drip irrigation method. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Drip Irrigation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on drip irrigation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for drip irrigation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The drip irrigation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.