Drip Irrigation Market Growth: Eyes Robust Expansion to USD 13.20 Billion by 2030
Drip Irrigation Market Highlights
Drip Irrigation Market Size was valued at USD 5.9 billion in 2022. The Drip Irrigation market industry is projected to grow from USD 6.6198 Billion in 2023 to USD 13.20693408 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2023 - 2030). The rise in popularity of drip irrigation among growers for its precise application of the crops is linked to government initiatives and financial institution support, water constraint around the world, and technological progress are the key market drivers enhancing the market growth.
- Water Scarcity: With growing concerns about global water scarcity, drip irrigation offers a highly efficient solution. It delivers water directly to the root zone of plants, minimizing evaporation and maximizing water conservation.
- Government Initiatives: Many governments are recognizing the benefits of drip irrigation and are implementing policies and financial support programs to encourage its adoption by farmers.
- Technological Advancements: Innovations in drip irrigation technology, such as smart irrigation systems and automation tools, are further enhancing efficiency and water management capabilities.
- Increased Crop Yields: Drip irrigation promotes optimal water delivery, leading to healthier plants, improved crop yields, and better overall farm productivity.
Rising awareness about the benefits of drip irrigation and increasing adoption of modern farming practices are projected to fuel the growth of global drip irrigation market.
The global drip irrigation market has been segmented based on emitter type, application technique, end use, and region.
Based on emitter type, the market has been segregated into inline emitters and online emitters. The inline segment emitters is anticipated to account for a larger share of the market and expand at a high CAGR during the forecast period owing to considerable demand from farmers. Inline emitters are pre-installed, and hence they save a considerable amount of labor cost, which is expected to boost their demand during the study period.
On the basis of application technique, the drip irrigation market has been bifurcated into surface and sub-surface. The surface segment is expected to constitute a larger market share and expand at a higher CAGR during the review period due to substantial demand for the irrigation of vegetable crops and perennial crops.
Based on end use, the global drip irrigation market has been classified into field crops, orchard crops, plantation crops, landscape, and others. The field crops segment is projected to expand at high CAGR during the forecast period due to increasing awareness among farmers about the various benefits offered by drip irrigation for the cultivation of field crops, such as equal and precise distribution of water and increased efficacy of fertilizers.
Regional Analysis
In terms of region, the global drip irrigation market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the global market, as agriculture is a primary occupation in several countries in the region. Moreover, rising demand for food has resulted in the necessity to increase the productivty, which is expected to propel the growth of the drip irrigation market in the region. North America is expected to account for a significant market share during the review period owing to the rapid expansion of the agricultural industry. Growing awarenss among farmers about sustainable farming practices and high demand for drip irrigation sysatems to increase cultivation,especialy of fruits drives the market in Europe.
The market in the rest of the world is expected to grow at a steady rate due to the expansion of the agricultural industry in countries such as Argentina and Brazil in South America.
Key Players
Rivulis Irrigation Limited (Israel), Harvel Agua (India), Antelco Pty Ltd (Australia), Irritec S.p.A (Italy), Chinadrip Irrigation Equipment Co. Ltd (China), Kothari Agritech Private Limited (India), Jain Irrigation Systems Limited (India), T-L Irrigation Company (India), Lindsay Corporation (US), EPC Industrie (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), DripWorks, Inc. (US), The Toro Company (US), and Microjet Irrigation Systems (South Africa), are some of the major key players operating in the global drip irrigation market.
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