Drip Irrigation Market Size to Cross $16.015 Billion Revenue by 2030

Drip Irrigation Market Overview

“The Global Drip Irrigation Market is expected to grow rapidly at a 11.65% CAGR consequently, it will grow from its existing size of from $8.01 Billion in 2023 to $16.015 billion by 2030.”

Drip irrigation is one method of irrigation used for crop production that uses controlled supply of water to the plants via a systems of pipes, valves as well as emitters. The water is pumped via a supply directly into the root zone of particular plants, or directly to the soil's surface. It drips on plants continuously in order to ensure they stay well-watered. It is also known as trickle irrigation.

Drip irrigation, sometimes referred to as trickle irrigation is a kind of micro-irrigation technique that enables the gradual application of water onto the soil's surface over a long period of time via small diameter pipes and tubes positioned in the root zones of the plant, dropping through drippers. Drip irrigation is among of the most effective methods to water and is due to factors like drip Irrigation that allows water directly to be delivered directly to the root of the plant.

The technique of drip irrigation is employed for virtually all varieties of vegetable and horticulture crop. The principal goal for the Drip irrigation method is to manage wastewater. This method of irrigation is not able to allow loss of water because of evaporation or the deep percolation process, or run-off in soils that are sandy.

growth rate of drip irrigation the developing world is slow because of the higher cost at first although there has been some cost reduction because of domestic production of certain items that are utilized for drip irrigation. The expected impact of this is significant challenges to the expansion of the market over the next few years.

Key Takeaway

• Analyze market opportunities by studying rate of growth (CAGR percent) as well as volumes (Units) as well as Value ($M) information provided at the country level for different types of products, final application applications, and for various sectors.
• Learn about the various dynamics that affect the market, including the main driving forces, obstacles as well as hidden opportunities.
• Find out the in-depth details about the performance of your competitors - share of the market, strategies, products benchmarking, financial benchmarking, SWOT, and more.
• Examine the distribution and sales channels for key locations in order to increase top-line profits.
• Learn about the supply chain of your industry and get a thorough understanding of how value is increased at every stage, to improve value and create efficiencies to your business processes.
• Find a brief overview of market entropy, including M&A's and deals, partnership and product launches from each of the major players over the last four years.
• Examine the gaps in supply and demand in import-export data, as well as the regulations for over 20 of the top countries in the global market.

>>> Download Sample Report Now: https://marketreportservice.com/request-sample/drip-irrigation-market-54699

Market Dynamics

Growth Drivers

Rapid Growth in Greenhouse Vegetable Production to Drive Growth of Drip Irrigation Market

The dramatic growth in greenhouse vegetable production has led to the growth of the market for drip irrigation. The greenhouses are a controlled space to cultivate vegetables, providing benefits like year-round production and protection against adverse conditions of weather and improved yields of crops compared to traditional open-field agriculture.

Drip irrigation systems have emerged as an important element in the support of growing vegetables in greenhouses. They provide precise and reliable irrigation strategies designed to meet the particular demands of greenhouse plants. Drip irrigation reduces the amount of water wasted and decreases the chance of weed and disease growth through direct delivery of water into the plant's root zones which ensures optimal health and efficiency.

The advantages of drip irrigation for growing vegetables in greenhouses are many. First, it allows for precise and consistent water distribution across the greenhouse, making sure that each plant receives an adequate quantity of water. The targeted application of water encourages strong root growth, effective intake of nutrients and development.

These drip irrigation systems may easily be integrated into fertigation systems that allow the simultaneous use of water as well as fertilisers. This allows the precise delivery of nutrients directly to plant roots increasing the efficiency of nutrient delivery and decreasing the chance that nutrient leakage. Farmers can tailor the nutrients they use in accordance with the specific requirements of their crops which improves the quality of their crop and yield. These drip irrigation systems give flexibility with scheduling of irrigation, and permit automation as well as management.

Farmers can alter the duration and frequency of irrigation according to the needs of their crops as well as environmental conditions and availability of water. Remotely monitoring and control the irrigation system improves utilization of water, lowers labour costs and guarantees that crops get timely irrigation which results in increased yield and efficiency of resources.

Trends

Vertical technology for farming is growing:

The importance of drip irrigation for vertical farming is not overstated. In their nature the methods of vertical farming require some form of irrigation. In hydroponics, micro-irrigation is used to soak the plant's roots in solutions of liquid that contain macronutrients required for a healthy plant. Similar methods are employed in aquaponics. However, instead of being created manually the nutrient-rich water used for irrigation comes from tanks of fish. Not to mention, aeroponics utilizes the same set of irrigation pipes that drip however, it sprays the beneficial liquid solution instead of drip it.

Cannabis agriculture: A new technology to be watched for crucial data:

Since it's been approved to utilize cannabis to make a wide range of goods over the past five years, its production has been increasing. Since it's an herb with a limited development cycle, the production can last for three to five months. At this point the cannabis plant requires to be in a controlled area and frequent fertilisation and irrigation.

This is why irrigation becomes an extremely time-consuming and important job and is especially important in the growing market for cannabis today, where resources such as time and cash are scarce. The need for drip irrigation is essential to ensure that cannabis is grown effectively. Apart from being efficient drip irrigation is also the ideal method to alter the essential characteristics of a plant like pH as well as conductivity.

The importance of precision agriculture is increasing.

Precision farming blends cutting-edge technologies with sophisticated farming practices for maximum crop yields productivity, efficiency of farming, and financial gain. In order to determine the efficiency of a crop using specialized drones and satellite images along with GPS equipment are required. This means that the farmer can decide if areas of the crop require additional attention, like watering or fertilizing.

Also, using drip irrigation systems that are well-planned and designed is essential if you wish to truly control the rate at which fertiliser as well as irrigation water gets pumped out. This is why drip irrigation is essential to precise farming. It gives farmers the control and precision they want.

Restraints

A sophisticated level of management and high-costs are among the major factors that could limit the revenue of the global market for drip irrigation growth in the coming years. Lack of knowledge about modern agriculture practices among farmers in less developed countries is a further reason that is negatively affecting market revenue growth during the forecast timeframe.

Drip Irrigation Market Segment Analysis

The Global Drip Irrigation Market share is divided into application types, crop types, and component.

The segment on the surface is predicted to grow the most rapidly in the forecast timeframe.

Based on the kind of application and the type of application, the global drip irrigation market is divided into subsurface and surface. In the market for drip irrigation the subsurface segment is predicted to expand the fastest in the coming years. The reason for this growth is that the surface drip irrigation system is becoming more popular because of their low installation and maintenance cost. It is often employed to water perennial crops (trees or vines) and also row crops that are grown annually. However the layout and operation of farm equipment for these crops are different from those for other rows. Additionally there is a significant difference in it is the Asia Pacific drip irrigation market was the largest in the surface segment and is expected to expand by the fastest rate in the next few years.

This field-crop segment has been expected to be the dominant market in the coming years.

Based on crop type the global market for drip irrigation is divided into fruits and nuts fields, vegetables, field crops, and other. In the latter fields, the field crop segment is expected to be the most dominant market over the course of the study. The reason for this growth is because it has a number of advantages, such as the capacity to boost profit margins with less chemicals and irrigation. In addition, the rising urban population has forced farmers to begin growing sugarcane and corn. This will aid in the expansion of segments in the forecasting period.

The segment of drippers and emitters was responsible for the biggest of the.

Based on the element of the drip irrigation system, the global market is divided into drip tubes/emitters, drip pipelines, pressurized pumps fittings, valves, filters and other accessories. In the end segments, the emitters/drippers segment was responsible for the most significant share and is projected to lead the market throughout the forecast period because of benefits like the absence of water obstruction. In addition, technological advances in the field of emitters by market players due to the increasing demand from both commercial and residential industries is expected to drive the growing trends.

Competitive Landscape of the Drip Irrigation Market

• Rain Bird Corporation
• Chinadrip Irrigation Equipment Co., Ltd.
• Elgo Irrigation Ltd.
• Irrigation Direct Canada
• Hunter Industries Inc.
• Goldenkey
• KSNM DRIP
• Raindrip, Inc
• Rivulis
• DRIPWORKS
• Irritec S.p.A
• Jain Irrigation Systems Ltd.
• Lindsay Corporation
• The Toro Company
• Antelco pty ltd.
• Mahindra EPC Ltd
• Microjet Irrigation Systems
• Alkhorayef Group
• Metzer Group
• Grupo Chamartin S.A.
• Azud
• Metro Irrigation
• Netafim

Recent Developments in Drip Irrigation Market

Feb-2022: The Toro company introduced ultra-low flow options to its Aqua-Traxx Azul drip tape range of products. With this product expansion, the company aimed to offer a uniform and consistent delivery of nutrients, water, and other essential inputs to enable farmers to achieve increased irrigation uniformity

Jan 2022: Netafim came into a partnership with Bayer, a pharmaceutical and biotechnology company. Through this partnership, the companies aimed to develop an accurate Defense program to represent a comprehensive solution developed in order to address nematodes. The new solution would deliver a robust one-two punch by leveraging the precision drip irrigation technology of Netafim.

In February 2022, A leader in POGO, turfgrass technology solutions, and Hunter Industries partnered. The company aimed to develop fresh visual and sensor insight integrations for its Hunter Pilot Network with this agreement. The new approach would successfully balance and satisfy the demand for water flow capacities to find the best feasible watering cycles.

In January 2022, Bayer, a pharmaceutical and biotechnology corporation, and Netafim partnered. By working together, the companies aimed to develop a defense program that accurately represented a holistic approach taken to combat nematodes. By utilizing Netafim’s precise drip irrigation technology, the new approach would provide a powerful one-two punch.

In April 2022, Rivulis has partnered with the agritech portal AgriBazaar. The companies collaborated to provide AgriBazaar customers with access to the most recent drip irrigation programmes and technologies. Furthermore, this relationship would benefit the agri-ecosystem as well as the viability and sustainability of the Indian market.

In June 2022, Jain Irrigation's International Irrigation Business ("IIB") merged with Rivulis to form a global Irrigation and Climate leader. This merger will allow the company to focus on further improving its India business in order to drive higher growth and margins in one of the world's fastest growing irrigation markets.

In June 2021, The Irritec group has announced the establishment of a new branch in Peru in order to expand and consolidate its presence in a strategic market such as South America. Irritec Peru was established with the objective of providing clients with a more comprehensive and efficient service, including installation and after-sales support.

In October 2020, Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, has announced the creation of intelligent digital solutions powered by Microsoft Azure to improve irrigation management, broaden the detection and reporting of irrigation system issues, and assist growers in evaluating and continuously improving the sustainability and profitability of their operations.

Regional Insights

Based on Geography, the Global Drip Irrigation Market is divided in four categories: North America, Europe, Asia Pacific, and the rest of the World.

 Asia Pacific was the dominant region. Asia Pacific dominated the Global Drip Irrigation Market in the year 2018. China's market was responsible for most part of market share in the region in 2018. This is expected to remain so for the forecast time.

In Asia Pacific, Asia Pacific, China and India are believed to have an overwhelming share part of this market. China is among the top producers of components for micro-irrigation systems. Alongside China and India other countries, such as Korea, Bangladesh, and Pakistan are among the countries that have a significant market share in the Asia Pacific region in terms of Drip Irrigation.

Europe the market for drip irrigation is anticipated to grow in revenue share during the forecast time. This is due to the loss of arable land due to the effects of industrialization, which drives demand for drip irrigation. Government initiatives that support drip irrigation systems for farms to improve production further boosts the growth of markets in this region.

Segments Covered in the Drip Irrigation Market

Drip Irrigation Market By Type

• Field Crop
• Fruits & Nuts
• Vegetable Crops
• Others

Drip Irrigation Market By Component

• Emitters
• Pressure pumps
• Drip Tubes
• Others

Drip Irrigation Market By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions:

What is the projected market size & growth rate of the Drip Irrigation Market?

Global Drip Irrigation Market is expected to grow rapidly at a 11.65% CAGR consequently, it will grow from its existing size of from $8.01 Billion in 2023 to $16.015 billion by 2030.

What are the key driving factors for the growth of the Drip Irrigation Market?

The global market for Drip Irrigation systems is going to increase during the forecast period owing to factors such as growing population, increasing global food demand, and limited arable, especially in emerging nations of the Asia Pacific and Latin America region.

What are the top players operating in the Drip Irrigation Market?

The major players are The Toro Company, Lindsay Corporation, Netafim Ltd, Hunter Industries, Rain Bird Corporation, and Shanghai Irrist Corp., Ltd, Rivulis.

What segments are covered in the Drip Irrigation Market Report?

The Global Drip Irrigation Market is segmented on the basis of Type, Component, And Region.