The global Drip Irrigation Market will be worth USD 11.25 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growth in the global population and the demand for increasing agricultural productivity. Increasing government programs and subsidies in developing countries like China and India regarding the adoption of drip irrigation for agricultural purposes is expected to drive the growth of the market over the forecast period. Moreover, the initiatives of the government to reduce the water scarcity in various European countries are most likely to boost the demand for the drip irrigation system. The rising need for higher crop productivity and reduction in the usage of fertilizers and pathogen attacks will surely increase the utilization of advanced irrigation systems.
Based on the types, the Drip Irrigation market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.
Key Highlights From The Report
In February 2019, Israel based irrigation solutions supplier Rivulis opened a manufacturing plant in Guanajuato, Central Mexico. The company announced that it is expanding its global footprint with the establishment of the new manufacturing plant. The new plant is set to become the largest manufacturing site for drip irrigation in the Americas.
The surface drip segment held the largest market share of 64.9% in 2019. The cost-effectiveness of the system and the achievement of high-water distribution uniformity have fueled the demand for surface drip irrigation.
Orchards are forecasted to grow with the fastest CAGR of 11.6% over the forecast period. The increasing cultivation and exports of nuts and fruits from the Asia Pacific region have increased drip irrigation adoption.
Emitters accounted for the largest market share in 2019 as the installation of inline emitters helps in the cancellation of costs for additional emitters.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The technological up-gradation of the traditional irrigation system through the adoption of precision irrigation systems is projected to fuel the drip irrigation system in the region.
Key participants include The Toro Company, Lindsay Corporation, Jain Irrigation Systems Ltd, Rain Bird Corporation, Netafim Ltd, Rivulis Irrigation Ltd, Hunter Industries, Elgo Irrigation Ltd., Chinadrip Irrigation Equipment Co. Ltd., and MAHINDRA EPC LTD., among others.
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Application Outlook (Revenue, USD Billion; 2017-2027)
Subsurface drip irrigation
Surface drip irrigation
Crop Type Outlook (Revenue, USD Billion; 2017-2027)
Component Outlook (Revenue, USD Billion; 2017-2027)
Fittings & Accessories
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Drip Irrigation Market Definition
1.2. Drip Irrigation Market Research Scope
1.3. Drip Irrigation Market Methodology
1.4. Drip Irrigation Market Research Sources
1.4.3. Paid Sources
1.5. Drip Irrigation Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Drip Irrigation Market Segmentation & Impact Analysis