Drip Irrigation Market: Global Industry Analysis and Forecast (2023-2029) by Component, Crop Type, Application, Emitter Type, and Region.

Drip Irrigation Market Overview:

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.

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COVID-19 Influences on the Global Drip Irrigation Market:

The COVID-19 pandemic 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 livelihoods of the majority of the world's poor, and the transition to water-saving sustainable practices by enabling hundreds of millions of agricultural jobs in rural areas. Around the world, drip irrigation companies have continued to operate in spite of difficult circumstances. 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 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.

As the initial investment is so large, drip irrigation systems are not cost-effective for low-value crops. Drip irrigation equipment costs vary depending on the crop, area, soil, water conditions, Fertigation equipment, and filtration equipment. It is considered to be a feasible irrigation method for horticultural and cash crops like grapes, sugarcane, tomatoes, and onions due to its great economic value. Drip irrigation is costly since it necessitates a considerable amount of piping and filtering equipment.

Commercial horticulturists have long sought to optimize profitability by maximizing resource utilization, with precision farming and sustainable agriculture playing a vital role. Farmers are attempting to utilize drip irrigation to boost irrigation efficiency and crop output in light of increased production costs. A rise in greenhouse vegetable production is becoming more popular. The drip irrigation systems market is expected to be driven by an expansion in acreage under protected agricultural systems. Drip irrigation lessens groundwater table depletion and reduces environmental deterioration. It is considered sustainable since the water consumption rate is measured in gallons per hour rather than gallons per minute, reducing evaporation and runoff. Growing public awareness, regulatory improvements, and agricultural policies for sustainably produced foods would all help to drive the drip irrigation market forward.

Drip Irrigation Market Segment Analysis:

Based on the Crop Type, the market is segmented into Field Crops, Fruits & Nuts, Vegetable Crops, and Other Crops. Field Crops segment is expected to hold the largest market share of xx% by 2030. Field crop growers prefer drip irrigation due to its precise application to the crops, which offers greater benefits such as lower costs, higher profit margins, and less water and fertiliser usage. It has been proven that drip irrigation is successful for growing vegetables, orchard crops, and turf & lawns; however, in the last decade, it has also proven to be beneficial for field crops such as corn, sugarcane, and cotton. The market's growth has also been boosted by rising field crop prices. These are the key drivers that are expected to boost the growth of the field crop segment in the Drip Irrigation market during the forecast period 2024-2030.

Based on the Emitter Type, the drip irrigation market is segmented into Inline, and Online. Inline emitter type segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. 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.

Based on the Application, the market is segmented into Surface, and Subsurface. Surface segment is expected to grow rapidly in the drip irrigation market at a CAGR of xx% during the forecast period 2024-2030. Irrigation equipment that is well-designed can increase agricultural yield while also ensuring the farmer's economic viability. An irrigation system's operational agronomical procedures are critical components. Irrigating perennial crops (trees and vines), vegetable crops, and annual row crops with surface drip irrigation is common. Water is used by surface equipment and is applied to the soil via drip tubes or laterals.

Drip Irrigation Market Regional Insights:

Asia Pacific region is expected to dominate the Drip Irrigation market during the forecast period 2024-2030.

Asia Pacific region is expected to hold the largest market shares of xx% by 2030.. Through technological advancements, the Asia Pacific region is transitioning from the installation of basic irrigation infrastructure to the adoption of precision irrigation systems. As agriculture's focus has shifted toward more commercial crops, traditional crops have become less important. The modifications are intended to improve irrigation management and, ideally,

infrastructure at irrigation facilities. Commercial crops need a lot of water and it cannot be delivered quickly, so drip irrigation has become a necessity.

Recent Developments:

• In June 2020, Lindsay Corporation has acquired Net Irrigate, LLC (US), and an agriculture Internet of Things technology firm that provides irrigation customers with remote monitoring solutions. The purchase will allow the company to develop its irrigation technology offerings.

• In May 2020, Toro Aqua-Traxx Azul drip tape is a clog-resistant drip tape introduced by the Toro Company. To increase clog resistance and product performance, the drip tape has a filter inlet design and optimized flow passageways that pass through detritus.

• In February 2019, Rivulis has opened a new factory in Leon, Mexico, to extend its activities. It is expected that the company will become the largest drip irrigation manufacturer in the Americas once manufacturing operations begin.

The objective of the report is to present a comprehensive analysis of the Drip Irrigation Market to the stakeholders in the industry. The report provides trends that are most dominant in the Drip Irrigation Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Drip Irrigation Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Drip Irrigation Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Drip Irrigation Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Drip Irrigation Market is aided by legal factors.

Drip Irrigation Market Scope

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)