Drip Irrigation Market Share by Preparation Method, Form, Grade, End User, Geography, Competitive Analysis
Market Analysis
The drip irrigation market
is likely to touch USD 7.9 billion at a 10.3% CAGR between 2019- 2024, reveals
the new Market Research Future (MRFR) report. Drip irrigation or trickle
irrigation, simply put, is a unique way to directly supply water to the roots
of the crops. One of its benefits is that it prevents waterlogging that is
generally caused by flood irrigation. Landscape, plantation crops, orchard
crops, field crops, and others are some of its major end uses.
Numerous factors are adding to the
drip irrigation market demand. Such factors, as revealed by the latest MRFR
report, include a decrease in production cost, enhancement of production, water
conservation activities, and favourable government initiatives. Additional
factors propelling the drip irrigation market growth include increased
fertilizer use efficiency, and increasing subsidies provided by the
government.
On the contrary, the higher
initial investment may limit the Drip Irrigation Market share growth over the forecast period.
Key Players
Notable players profiled in the Drip
Irrigation Market share report include Microjet Irrigation Systems
(South Africa), The Toro Company (US), DripWorks, Inc. (US), Netafim Ltd
(Israel), Nelson Irrigation Corporation (US), EPC Industries (India), Lindsay
Corporation (US), T-L Irrigation Company (India), Jain Irrigation Systems
Limited (India), Kothari Agritech Private Limited (India), Chinadrip Irrigation
Equipment Co. Ltd (China), Irritec S.p.A (Italy), Antelco Pty Ltd (Australia),
Harvel Agua (India), and Rivulis Irrigation Limited (Israel). Industry players
have incorporated strategies such as agreements, collaborations, acquisitions,
and new product launches to extend their competitive advantage and augment
their market position.
Market Segmentation
The Market Research Future Report
provides an inclusive segmental analysis of the Drip Irrigation
Market share based on end use, application technique, and
emitter type.
By emitter type, the drip
irrigation market is segmented into online emitters and inline emitters. Of
these, the inline emitters segment is predicted to lead the market over the
forecast period and grow at a high CAGR for its increasing demand from farmers.
They are pre-installed, thus save labor cost considerably.
By application technique, the drip
irrigation market is segmented into sub-surface and surface. Of these, the
surface segment will dominate the market over the forecast period for the
burgeoning demand for the irrigation of perennial and vegetable crops.
By end use, the drip irrigation
market is segmented into the landscape, plantation crops, orchard crops, field
crops, and others. Of these, field crops will have a major share in the market
over the forecast period for the rising awareness about the benefits of drip
irrigation among farmers for cultivation of field crops like increased efficacy
of fertilizers and precise & equal distribution of water.
Press Release@ https://www.marketresearchfuture.com/press-release/drip-irrigation-market
Regional Analysis
By region, the global Drip
Irrigation Market share covers the growth opportunities and recent
trends across Europe, North America, the Asia Pacific (APAC), and the Rest of
the World (RoW). Of these, the APAC region will command the largest share in
the market over the forecast period for agriculture being the primary
occupation and burgeoning demand for food.
The drip irrigation market in
North America is predicted to have significant growth over the forecast period
for the rapidly growing agriculture industry.
The drip irrigation market in
Europe is predicted to have notable growth over the forecast period for the
burgeoning demand for drip irrigation systems to boost cultivation of fruits,
and increasing awareness among farmers regarding sustainable farming practices.
Besides, increasing population, water scarcity owing to industrialization,
reduction in arable land, and the government encouraging the production of high
crops with limited resources with the help of drip irrigation is also adding
market growth.
The Drip Irrigation
Market share in the RoW is predicted to have stable growth
over the forecast period for the expansion of the agricultural industry.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
Comments
Post a Comment