Drip Irrigation Market Share, Key Players, Opportunities, Statistics, Gross Margin | Forecast


 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.

Market Segmentation

The Market Research Future Report provides an inclusive segmental analysis of the drip irrigation industry analysis based on end use, application technique, and emitter type.

By emitter type, the drip irrigation industry trends 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 share 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 automation 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.

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.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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

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