Drip Irrigation Market Introduction
Drip irrigation system has become a boon to the agriculture industry especially in regions facing water shortage issues. Various types of drip irrigation components such as emitters, fitters, and pressure gauge etc. save water up to 60% compared to flood irrigation. Also, using such advanced components large areas of farmland can be irrigated while saving water. Drip irrigation systems have been increasingly and effectively used in rolling topography, barren lands, areas with shallow soil layers, and undulating terrain. This is projected to present a positive outlook for drip irrigation system providers operating in the global drip irrigation industry in the near future.
Drip irrigation components and devices utilize less amount of water compared to traditional irrigation techniques. This is increasing the adoption of a variety of irrigation systems and driving growth of the drip irrigation market across the globe. Additionally, the introduction of favorable government initiatives and subsidies for farmers to purchase agriculture equipment, devices, and machinery in both developed and developing regions is boosting the global drip irrigation market size and growth at a significant rate. Other factors such as shrinking arable land, shortage of water supply, and growing focus of farmers to enhance crop yield are projected to fuel the growth of the market during the forecast period. In contrast, the high cost of installation associated with smart and advanced drip irrigation systems and lack of technical knowledge among farmers holding small farmlands are anticipated to hamper the growth of the global drip irrigation industry to a certain extent.
Key segments covered in the global drip irrigation market are offering, application, crop type, and region. By offering, the market is bifurcated into drip pipes, filters, valves, emitters, pressure gauge, fittings, and others. Based on the application, the global drip irrigation market is classified into fruits and vegetables, cereals and pulses, turf and ornaments, and other crops. The market has been categorized based on crop type into greenhouse irrigation, landscape irrigation, and agriculture irrigation. Major regions covered in the global drip irrigation industry report are North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, and Middle East & Africa. Of these regions, the drip irrigation market in Asia Pacific accounted for the largest market share in 2018 and is projected to witness the highest CAGR during the forecast period, 2019-2024. Also, the market in Europe is growing at a healthy rate owing to the introduction of favorable initiatives by the European Union.
Drip Irrigation Market Competitive Landscape
The global drip irrigation market ecosystem consists of a large number of players offering various types of cost-effective and innovative irrigation equipment and devices. Some of the players operating in the industry are Lindsay Corporation, Jain Irrigation Systems Ltd., Eurodrip S.A., The Toro Company, Netafim Limited, Elgo Irrigation Ltd., Rain Bird Corporation, Rivulis Irrigation Ltd., Shanghai Huawei Water Saving Irrigation Corp. Ltd., Hunter Industries Incorporated, Chinadrip Irrigation Equipment Co., Ltd., and Antelco Pty Ltd. Introduction of cost-effective and featured packed systems and devices for drip irrigation is one of the major strategies followed by major players present in the global drip irrigation market.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on drip irrigation market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.