Dublin, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The "Global Drip Irrigation Market Report by Component (Emitters/Drippers, Drip Tubes/Drip Mainlines, Filters & Fertilizer Injectors, Fittings & Accessories, Pressure Pumps and Valves), Crop Type, Application, Emitter/Dripper Type, & Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global drip irrigation market is experiencing robust growth with projections indicating a rise from USD 5.6 billion in 2024 to USD 8.6 billion by 2029, advancing at a compound annual growth rate (CAGR) of 9.0% during the forecast period. Drip irrigation technology, recognized for its precision, fosters effective water conservation, elevated crop productivity, and contributes to sustainable agricultural practices.
The ubiquity of drip irrigation systems across field crops and fruits & nuts sectors is attributed to their roles in optimizing water use and boosting crop quality. The technology's capacity to deliver water and nutrients with fine precision encourages healthier plant growth and high yield outputs, addressing both sustainable water management and productivity enhancement. This is critical in regions grappling with water scarcity and climate variability.
Surface Application Segment Poised for Growth
Surface drip irrigation systems are expected to witness the highest growth rate within the application segment. Their preference stems from advantages such as low installation and maintenance costs, ease of repair, enhanced visibility and adaptability to varied crops and terrain, and effectiveness in water distribution management.
Significant Growth in Drip Irrigation Anticipated in Rest of World Region
Regions collectively addressed as Rest of the World (RoW) are forecasted to exhibit the highest growth rate in the drip irrigation market. This can be ascribed to pressing water scarcity, governmental support for sustainable agriculture, and burgeoning commercial horticulture. Drip irrigation emerges as a winning solution for these regions, offering efficient water utilization in water-constrained environments.
Market Dynamics: Drivers and Challenges
Key market drivers include a blend of government-backed programs, efficiency of water usage in agriculture, and enhanced productivity and yields. On the other hand, obstacles such as high initial installation costs and maintenance expenses present challenges to the large-scale deployment of drip irrigation systems.
Furthermore, technological advancements offer untapped opportunities for market expansion, while issues like environmental concerns and clogging present operational challenges. The drip irrigation market's progress is marked by strategic initiatives adopted by leading market players encompassing a variety of end-use industries. The technology's expansion offers an integration of efficient resource management practices into mainstream agriculture.
This report illuminates the intricate dynamics of the market, including the competitive strategies and landscape, aiming to furnish stakeholders with nuanced insights for informed decision-making and market positioning.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 312 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $5.6 Billion |
| Forecasted Market Value (USD) by 2029 | $8.6 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Companies Featured
- Netafim
- Rivulis
- The Toro Company
- Jain Irrigation Systems Ltd.
- Hunter Industries Inc.
- Mahindra EPC Irrigation Limited
- Rain Bird Corporation
- Chinadrip Irrigation Equipment (Xiamen) Co. Ltd
- Elgo Irrigation Ltd.
- Shanghai Irrist Corp. Ltd.
- Antelco
- Microjet Irrigation Systems
- Metzer
- Grupo Chamartin SA
- Azud
- DripWorks
- Irritec S.p.A
- GoldenKey
- KSNM Drip
- National Diversified Sales, Inc.
- Agrodrip
- Irrigation Direct Canada
- Sujay Irrigations Pvt Ltd.
- Bharat Drip Irrigation and Agro
- Global Irrigation, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6g624a
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
