Drip Irrigation Market Growth Opportunities and New Demand Analysis Research Report by 2027
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 growth over the forecast period.
Key Players
Notable players profiled in the Drip
Irrigation Market 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.
Regional Analysis
By region, the global Drip Irrigation Market 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 in the RoW is predicted to have stable
growth over the forecast period for the expansion of the agricultural
industry.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/drip-irrigation-market-8252
Market Segmentation
The Market Research Future Report provides an inclusive segmental
analysis of the Drip Irrigation Market 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.
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