Drip Irrigation Market Size, Value Share, Emerging Trends, Global Analysis by Forecast to 2024
- POSTED ON Friday, November 8, 2019
Global Drip Irrigation Market is projected to register a CAGR of 10.3% during the forecast period and reach a market value of USD 7.9 billion by 2024. Market Research Future (MRFR) announces the publication of its half-cooked research report Global Drip Irrigation Market, 2017–2024.
Drip irrigation helps save water by directly supplying water to the roots of the plants at a slow pace. Governments in various nations, across the globe, are offering subsidies for the installation of drip irrigation systems, which is anticipated to propel the growth of global drip irrigation market. Increasing awareness about sustainable farming practices and expansion of the agricultural industry are expected to fuel the growth of global drip irrigation market during the review period.
Key players operating in the Global Drip Irrigation Market include Irritec S.p.A (Italy), Chinadrip Irrigation Equipment Co. Ltd (China), Kothari Agritech Private Limited (India), Jain Irrigation Systems Limited (India), T-L Irrigation Company (India), Lindsay Corporation (US), EPC Industrie (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), DripWorks, Inc. (US), The Toro Company (US), Microjet Irrigation Systems (South Africa), Rivulis Irrigation Limited (Israel), Harvel Agua (India), and Antelco Pty Ltd (Australia).
Drip Irrigation Market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the global drip irrigation market during the forecast period owing to the presence of a large agricultural industry in the region. Additionally, the rise in population has necessitated the increase in crop yield and productivity, which is projected to boost the growth of the market in the region.
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North America is projected to account for a significant market share during the review period due to high adoption of modern technologies in farming. Additionally, growing demand for plant-based food is expected to drive the growth of the drip irrigation market in the region. The European market is growing owing to factors such as increase in environmental awareness among farmers in the region. Large-scale cultivation of fruits in Spain is anticipated to boost the demand for drip irrigation systems.
The market in the rest of the world (RoW) is anticipated to witness stable growth during the forecast period due to an increase in adoption of sustainable farming practices in countries such as Peru, Chile, and Venezuela in South America.
Global Drip Irrigation Market has been segmented in terms of emitter type, application technique, and end use.
Based on emitter type, the global drip irrigation market has been classified into inline emitters and online emitters. The inline emitters segment is expected to dominate the global drip irrigation market. It is anticipated to expand at a higher CAGR during the forecast period.
In terms of application technique, the market has been bifurcated into surface and sub-surface. The surface segment is estimated to expand at a higher CAGR and dominate the market during the review period.
Based on end use, the global drip irrigation market has been segregated into field crops, orchard crops, plantation crops, landscape, and others. The field crops segment is anticipated to dominate the market with the largest share. It is projected to register the highest CAGR during the study period.
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