Drip Irrigation Market to Grow with a CAGR of 8.67% through 2028
Growing focus on large-scale farming practices and
technological advancements in irrigation systems is expected to drive the
Global Drip Irrigation Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Drip
Irrigation Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Drip Irrigation Market
stood at USD
4.97 Billion in 2022 and is anticipated to grow with a CAGR of 8.67% in the forecast
period, 2024-2028. The Global Drip Irrigation Market is driven by several key
factors. The increasing global focus on water conservation is significantly
promoting the adoption of efficient irrigation techniques. The growing demand
for food due to rising population and urbanization is escalating the need for
high crop yields, further bolstering the drip irrigation market.
Moreover, government initiatives and subsidies to
promote sustainable farming practices also play a crucial role. Advancements in
technology and the development of cost-effective drip irrigation systems have
made this method more accessible to small-scale farmers, contributing to the
market growth.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Drip Irrigation Market.”
The global drip irrigation market is currently
experiencing a strong and steady growth trajectory. This growth is primarily
driven by the urgent need for smart agricultural practices in response to the
escalating challenges posed by rising water scarcity around the world. As water
resources become increasingly limited, the demand for innovative irrigation
solutions has never been greater. Drip irrigation systems, with their efficient
water usage and minimized wastage, have emerged as a viable solution that not
only enhances water efficiency but also maximizes crop yields. By delivering
water directly to the roots of plants, drip irrigation ensures that every drop
counts, reducing water loss and optimizing nutrient absorption. This not only
benefits farmers in terms of cost savings and increased productivity but also
has a positive impact on the environment, by conserving water resources and
minimizing soil erosion.
The compelling benefits of drip irrigation have not
only gained traction among farmers but have also garnered support from
governments and environmental agencies. Recognizing the importance of
sustainable farming practices, these stakeholders are actively promoting the
adoption of drip irrigation systems through various initiatives and incentives.
In fact, many countries have introduced subsidies and financial assistance
programs to encourage farmers to invest in drip irrigation technology.
Furthermore, the market expansion of the drip
irrigation industry is fueled by continuous advancements in irrigation technology.
Manufacturers are constantly pushing the boundaries of efficiency and
effectiveness, developing new products and systems that further enhance
water-saving capabilities and ease of use. From precision control systems to
remote monitoring and automation, these technological advancements are
revolutionizing the way irrigation is done, enabling farmers to have better
control over their water usage and optimize their crop production.
Moreover, there is a growing awareness of the
long-term environmental and economic benefits of sustainable farming practices.
Consumers are increasingly demanding food produced in an environmentally
responsible manner, and governments are recognizing the need for resilient and
efficient agricultural systems. This heightened awareness has been a driving
force behind the increasing demand for drip irrigation systems, as they offer a
practical solution for farmers to meet these sustainability goals. With all these
factors at play, the global drip irrigation market is well-positioned for
significant growth. It stands poised to make a positive and transformative
impact on the agricultural sector, ensuring a more sustainable and efficient
future for farming practices worldwide. As the world grapples with the
challenges of water scarcity and climate change, drip irrigation will continue
to play a crucial role in securing food production and achieving global food
security goals.
The Global Drip Irrigation Market is segmented into component,
crop type, emitter type, application, end user, regional distribution, and
company.
Based on end user, the Agricultural sector is playing
a dominant role in the global Drip Irrigation Market. This is primarily
attributed to the increased adoption of water-saving and yield-enhancing
technologies by farmers worldwide. With a focus on sustainable farming practices,
the agricultural industry recognizes the importance of efficient irrigation
systems in addressing the challenges posed by water scarcity and the need to
meet the rising demand for food due to a rapidly growing global population. As
farmers strive to optimize their crop yields while conserving valuable water
resources, the demand for drip irrigation systems continues to surge. These
systems not only ensure precise water delivery to plant roots but also minimize
water wastage through evaporation or runoff. By providing a steady supply of
water directly to the root zone, drip irrigation promotes healthier plant
growth, higher crop yields, and reduced water consumption.
Moreover, the ongoing advancements in drip irrigation
technology further contribute to its widespread adoption. The introduction of
smart irrigation controllers, soil moisture sensors, and remote monitoring
systems enables farmers to monitor and manage their irrigation systems more
efficiently. This data-driven approach empowers farmers to make informed
decisions regarding irrigation scheduling, ensuring optimal water usage and
maximizing the overall efficiency of their agricultural operations. Looking
ahead, the global drip irrigation market is poised for continued growth, driven
by the increasing realization of the benefits it offers in terms of water
conservation, crop productivity, and sustainable farming practices. As the
world faces mounting challenges related to water scarcity and food security,
the adoption of efficient irrigation systems like drip irrigation will play a
crucial role in ensuring a sustainable and resilient agricultural future.
Based on region, Asia Pacific region is undergoing a
rapid transition from basic irrigation facilities to precision irrigation
systems. The market in the region is being driven by the growing adoption of
micro-irrigation systems, technological advancements in the agriculture industry,
and increased awareness of modern farming technology and irrigation systems.
Additionally, the Asia-Pacific market is benefiting from factors such as
population growth, particularly in India and China, the demand for increased
food production, improved crop productivity, and government initiatives towards
sustainable development goals.
In the Chinese Inner Mongolia Autonomous Region, as
well as the provinces of Gansu and Hebei, more than 60% of irrigation relies on
groundwater. Over the last three to four decades, the depletion of groundwater
has significantly lowered groundwater levels, presenting an opportunity for a
shift towards effective irrigation techniques like drip irrigation. This factor
is expected to drive the expansion of the irrigation systems market. According
to the National Bureau of Statistics of China, in 2020, over 0.43 million
hectares of farmland in the country were equipped with irrigation systems. An
additional 1.60 million hectares of farmland were equipped with water-saving
irrigation systems, further boosting the market. Therefore, the increasing
emphasis on farm mechanization and the government's efforts to expand
irrigation coverage are anticipated to drive the sales of agriculture systems
and fuel market growth in the region during the forecast period.
Major companies operating in Global Drip
Irrigation Market are:
- The Toro Company
- Netafim Limited
- Rain Bird Corporation
- Jain Irrigation Systems Ltd.
- Lindsay Corporation
- Chinadrip Irrigation Equipment Co.
Ltd.
- Elgo Irrigation Ltd.
- Shanghai Huawei Water Saving Irrigation
Corp.
- Antelco Pty Ltd.
- EPC Industries (Mahindra &
Mahindra Ltd.)
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The future of the global drip irrigation market
appears exceptionally promising, with a robust growth trajectory projected in
the coming years. This growth is primarily driven by several factors that
contribute to the increasing demand for efficient irrigation systems. Firstly,
the global issue of water scarcity has become more critical than ever,
prompting the need for sustainable water management practices. Drip irrigation
systems, with their precise and targeted water delivery, offer a viable solution
to optimize water usage, reducing wastage and ensuring maximum efficiency. Furthermore,
the growing awareness about the importance of water conservation has further
fueled the adoption of drip irrigation systems. Governments and organizations
worldwide are actively promoting the implementation of sustainable agricultural
practices, with drip irrigation being recognized as a key component. This trend
is particularly evident in areas with water scarcity and arid climates, where
farmers are increasingly embracing drip irrigation to overcome the challenges
posed by limited water resources. Moreover, advancements in technology are
revolutionizing the efficiency and effectiveness of drip irrigation systems.
Innovations such as automated control systems, remote monitoring, and precision
sensors are enhancing the precision and reliability of water delivery,
resulting in optimal plant growth and higher crop yields. These technological
advancements not only improve the overall performance of drip irrigation
systems but also contribute to the ease of use and maintenance, making them
more accessible to a wider range of users. Considering these factors, the
global drip irrigation market is poised for substantial growth in the
foreseeable future. As the world continues to face water scarcity and the need
for sustainable agricultural practices intensifies, the demand for advanced
irrigation systems like drip irrigation will continue to rise. This positive
trend is expected to drive innovation, further improve system efficiency, and
create new opportunities in the global drip irrigation market.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Drip Irrigation Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Emitters/Drippers,
Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings &
Accessories, Others), By Crop Type (Cereals & Grains, Pulses &
Oilseeds, Fruits & Vegetables, Olericulture, Others), By Emitter Type
(Inline and Online), By Application (Surface and Subsurface), By End User
(Agricultural and Non-Agricultural), By Region and Competition”, has evaluated
the future growth potential of Global Drip Irrigation Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Drip Irrigation Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel:
+13322586602
Email:
[email protected]
Website:
www.techsciresearch.com