According to the Stellar Market research report "Drip Irrigation Market with COVID-19 Impact Analysis Component, Crop Type, Application, Emitter Type, and Region- Global Forecast to 2027", the Drip Irrigation market size is expected to grow from USD 5.50 billion in 2020 to USD 11.35 billion in 2027; it is expected to grow at a CAGR of 10.9 % from 2021 to 2027.

View detailed Table of Content here - https://www.stellarmr.com/report/toc/Drip-Irrigation-Market/413

Market Overlook:

It's impossible to exaggerate the importance of drip irrigation in vertical farming. All vertical farming techniques, by their very nature, rely on some form of irrigation. Drip irrigation is a method of agricultural irrigation that uses a system of pipes, valves, tubing, and emitters to give regulated water to plants.

Advanced irrigation technologies are critical in the current agriculture system to feed the expanding population. The use of drip irrigation systems is now quite restricted; therefore, there is a lot of room for growth in the coming years. Micro-irrigation has a number of advantages, including reduced weed development and soil erosion, equal water distribution, and correct field leveling, among others. Simultaneously, modern technologies such as IoT, automation, and remote monitoring concepts are being used by the industry to bring precision to irrigation activities and improve water use efficiency.

Farmers in many emerging economies are opposing the adoption of micro-irrigation systems due to the high initial cost of installation, which is limiting the market's growth. Additionally, the long installation time of the system and damage to irrigation components such as drip tubes caused by over-exposure to sun heat can act as restrictions on the drip irrigation market's growth. Micro-irrigation is better suited to horticulture or orchard crops, as these systems are not good for field crops like corn, wheat, or soybeans.

COVID-19 impact on the Drip Irrigation market:

The COVID-19 pandemic has had a large global impact, with grave consequences for various businesses. The pandemic's effects on the water-energy-ecosystem-food nexus are still complex and far-reaching. The irrigation industry supports the world's essential production systems, the majority of the world's poorest people's lives, and the transition to water-saving, long-term solutions practises by enabling hundreds of millions of agricultural jobs in rural areas. Despite difficult circumstances, drip irrigation firms around the world have continued to operate. Multiple shocks, such as fiscal limits, supply chain disruptions owing to travel restrictions, and labor shortages, have all had an influence on service delivery.

Drip Irrigation Regional Insights:

Due to the existence of significant irrigated regions within the region and increasing adoption of micro-irrigation systems across nations such as China and India, the drip irrigation market forecast in the Asia Pacific is predicted to create the highest revenue. Several factors are likely to contribute to the region's status as the fastest-growing region in the worldwide market. Rising agricultural technical advancements, combined with growing farmer awareness of contemporary farming techniques and irrigation systems such as precision irrigation systems, will likely propel the market forward in the region.

Drip Irrigation Market 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)
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Drip Irrigation Market Segmentation:

Market segmentation allows marketers to design campaigns more easily since it allows them to focus on specific client groups rather than the whole public. Marketers can be more efficient in terms of time, money, and other resources by segmenting their data. Market segmentation allows clients to better understand their customers. Client acquires a greater understanding of their customers' requirements and wants, allowing them to customize campaigns to the client segments that are most likely to buy products.

By Component

• Emitters/Drippers
• Pressure Pumps
• Drip Tubes/Drip Lines
• Valves
• Filters
• Fittings & Accessories
•  

By Crop Type

• Field Crops
• Fruits & Nuts
• Vegetable Crops
• Other Crops
•  

By Application

• Surface
• Subsurface
•  

By Emitter Type

• Inline
• Online

About Stellar Market Research:

Stellar Market Research, a consulting and advising firm based in India, was established in 2018 with the goal of aiding customers in reaching their business transformation objectives through advisory services and strategic business planning. The company's goal as a strategic knowledge partner is to become an integral part of the client's business. The firm makes recommendations that help to shape the organization of the future. Since its inception in November 2018, the company has been fully revenue-funded. To date, the company has worked with over 335 companies across 25 industries, delivering reliable data with a 94 % accuracy rate.

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