Drip Irrigation Market size was valued at US$ 5.50 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.9% through 2021 to 2027, reaching nearly US$ 11.35 Bn.
Drip irrigation is a type of agricultural irrigation that uses a system of pipes, valves, tubing, and emitters to provide water to plants in a regulated manner. Water is provided directly from a source to the root zone of individual plants or to the soil's surface. Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, and Fittings & Accessories are the types of the component of the global drip irrigation market.
Drip Irrigation Market Scope:
The industry for Drip Irrigation Market is expected to grow at the quickest CAGR between 2022 and 2029. This report provides market estimates and approximations. The Drip Irrigation Market’s trends, challenges, and opportunities are examined and analysed in this stellar market research (SMR) assessment. This study's objective is to offer a strategic overview of the Drip Irrigation market in terms of recent growth trends, projected future growth, and key submarket contributors. North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America are all included in the SMR analysis, which also includes a country-by-country segmentation. The analyses of key strengths, market positioning, and strategy orientations of significant industry actors are looked at. Along with information on their most recent competitive triumphs, investments, strategic objectives, and competitive climate, profiles of the leading players in the market are also given.
Drip Irrigation Market Overview:
Along with the company's strategy, operational procedures, and expansion-oriented financial approach, the Stellar Market Research (SMR) report analyses the manufacturer's issues and market growth factors. Some customers' needs might be met by being adaptable and well understanding market prospects. Stellar Market Research examines the market's leading rivals as well as the general competitive environment. This market report on Drip Irrigation market might be useful for structuring, given the state of the business at the moment.
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Drip Irrigation Market Dynamics:
Drip irrigation systems are being widely adopted in developing countries such as India and China, with government backing and public-private partnerships from leading industry players playing a key role. In India, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) provides subsidies for kits and systems in order to encourage the adoption of micro-irrigation. Another key factor that continues to support the growth Drip Irrigation Market is government-sponsored programs in the developing nations.
Drip Irrigation Market Segmentation:
In most cases, inline emitters are evenly spaced inside the laterals. Inline emitters come in a variety of shapes and sizes, including flat boat-shaped emitters, cylindrical emitters, and emitters mounted to the lateral's inner wall. Row crops or field crops such as onion, chilli, potato, turmeric, vegetables, sugarcane, and cotton typically use inline emitters. They are made of high-quality linear low-density polyethylene material. They aid in providing optimal clog resistance. Surface and subterranean irrigation are both possible with inline emitters.
Key Players:
Jain Irrigation Systems Ltd. (India)
Lindsay Corporation (US)
The Toro Company (US)
Netafim Limited (Israel)
Rain Bird Corporation (US)
Chinadrip Irrigation Equipment Co. Ltd. (China)
Elgo Irrigation Ltd. (Israel)
Shanghai Huawei Water Saving Irrigation Corp. (China)
Antelco Pty Ltd. (Australia)
EPC Industries (India)
Microjet Irrigation (South Africa)
KSNM Drip (India)
Sistema Azud (Italy)
Metzer Group (Israel)
Grupo Chamartin Chamsa (Italy)
Dripworks Inc. (US)
Drip Irrigation Market Regional Analysis:
The five primary regions of the Drip Irrigation market are Europe, North America, Asia-Pacific, the Middle East and Africa, and South America.
COVID-19 Impact Analysis on Drip Irrigation Market:
The total market has been hit by COVID-19, and the growth rate has also been impacted in 2019–2020 as the effect of COVID–19 spreads. The COVID-19 crisis is forcing businesses and organisations to manage risk and digitise operations in order to provide reliable information and experiences to decision-makers. This is according to SMR most recent research, viewpoints, and insights on the management issues that matter most to businesses and organisations about the market.
Key Questions answered in the Drip Irrigation Market Report are:
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About Stellar Market Research:
Stellar Market Research is an Indian consulting firm that was founded in 2018. It specialises in offering clients long-term planning and advisory services to help them achieve their organisational transformation goals. The organisation uses its extensive network and in-depth knowledge of the industry to produce informed comments on reports that give clients a tactical edge. Clients have access to a market portfolio that will help their company build a strong presence over time, prepare for outcomes, and take the essential actions for exceptional growth and market supremacy. A lot of weight is placed on secondary market analysis, consumer purchasing patterns, and pricing variations.
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Stellar Market Research is an Indian consulting firm that was founded in 2018. It specialises in offering clients long-term planning and advisory services to help them achieve their organisational transformation goals.
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Nov 25, 2022