Pune, India, April 13, 2023 (GLOBE NEWSWIRE) -- The global drip irrigation market size is projected to reach USD 9.37 billion by the end of 2026. The increasing number of farming activities will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Drip Irrigation Market Size, Share & Industry Analysis, By Component (Emitters, Drip Tubes/Drip Lines, Pressure Pumps, Filters, Valves, and Others), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Surface and Subsurface), and Regional Forecast, 2019 – 2026,” the market was worth USD 4.63 billion and will exhibit a CAGR of 9.3% during the forecast period.
Drip irrigation is a type of irrigation system where water is delivered directly to the roots of plants through a network of pipes, tubes, and emitters. Unlike traditional irrigation methods that rely on sprinklers or flood irrigation, drip irrigation delivers water slowly and consistently, which reduces water waste and promotes healthier plants. Drip irrigation systems typically consist of a water source (such as a well or municipal water supply), a filter to remove debris and sediment, a pressure regulator to control water pressure, and a network of pipes and tubes that carry water to the plants. Along the tubing, there are small emitters that release water at a slow and steady rate, which allows the soil to absorb the water before it evaporates or runs off.
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List of Key Players Profiled in the Drip Irrigation Market Report:
- Lindsay Corporation
- Jain Irrigation Systems Ltd.
- Rivulis Irrigation Ltd.
- Rain Bird Corporation
- Sistema Azud
- Netafim Limited
- The Toro Company
- Elgo Irrigation Ltd.
- Chinadrip Irrigation Equipment Co. Ltd.
- Metzer Group
- Antelco Pty Ltd.
Drip irrigation is used across several agricultural practices for water distribution purposes. The ability of a drip irrigation system to minimize water wastage as well as maximize the amount of nutrients consumed by the crops, is a major factor why this concept has gained massive popularity in recent years. The massive investments in the R&D of new products will constitute an increase in the overall drip irrigation market size in the coming years. The presence of numerous agricultural subsidies will contribute to the growing adoption of drip irrigation systems across the world. Moreover, the emphasis on the adoption of sustainable farming and agricultural practices will aid the growth of the market. The growing demand for a highly efficient agricultural produce will create a subsequent demand for drip irrigation systems across the world.
Drip irrigation has several advantages over other irrigation methods. It can be more efficient, using up to 50% less water than traditional irrigation systems. It also reduces weed growth and soil erosion and can be used to apply fertilizers and other nutrients directly to the plant roots. Drip irrigation is particularly useful in areas with limited water resources, where water conservation is important, or in areas where the soil is poor and water retention is a problem.
Overall, drip irrigation is an effective and efficient way to irrigate plants, whether you're growing crops on a large farm or maintaining a small garden at home.
Report Scope & Segmentation:
| Report Attributes | Details |
| Forecast Period | 2019-2026 |
| Forecast CAGR | 9.30% |
| 2026 Value Projection | USD 9.37 Billion |
| Market Size in 2018 | USD 4.63 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 150 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Drip Irrigation Market Growth Drivers | Rising Concerns over Increasing Agricultural Yields to Support the Growth of the Drip Irrigation Market |
| Increasing Governmental Support to Proliferate the Market Growth |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/drip-irrigation-market-102684
Increasing Number of Product Launches Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has emerged in favor of market growth. Due to the constantly rising demand for drip irrigation systems across the world, several companies are looking to invest hugely in the development of advanced concepts.
The adoption of modern technologies has yielded a few exceptional products in recent years. In August 2019, Rivulis Irrigation announced the launch of a new product for drip irrigation system. The company introduced ‘Manna,’ a satellite based software solution which will be used in drip irrigation systems across the country. The company’s latest product will have a massive impact on the growth of the overall market in the coming years.
Asia Pacific to Emerge Dominant; Increasing Agricultural Activities to Aid Growth
The report analyzes the ongoing drip irrigation market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to generate the highest revenue in the coming years. The increasing number of farming and agricultural activities in several countries across this region will aid the growth of the market. As of 2018, the market in Asia Pacific was worth USD 2.08 billion and this value is likely to increase further in the coming years.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Agriculture Irrigated Area Analysis
- Industry SWOT Analysis
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Overview of the Parent/Related Markets
- Global Drip Irrigation Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Component (Value)
- Emitters
- Drip Tubes/Drip Lines
- Pressure Pumps
- Filters
- Valves
- Others
- By Application (Value)
- Surface
- Sub-surface
- By Crop Type (Value)
- Field Crops
- Orchard Crops
- Landscape & Turf
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Component (Value)
TOC Continued…!
Industry Developments:
November 2019: The government of Tamil Nadu, India, announced an increase in the subsidy amount for farmers who are engaged in drip irrigation-based sugarcane farming.
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