Drip Irrigation Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Drip irrigation, also known as trickle irrigation, is a highly efficient micro-irrigation method that conserves water and fertilizer by delivering water drop by drop directly to the roots of plants. This helps to reduce evaporation and promote efficient water use. The aim is to target the root zone precisely with water to ensure maximum absorption by the plants. Drip irrigation ranks among the most effective ways of irrigation because it allows direct supply of water to the root of the plant’s. The technique is widely used in horticulture and agriculture for a variety of crops, including vegetables and fruits. The key benefit of this system is that it helps to manage and conserve water resources. Rapidly growing world population has intensified the demand for agricultural products, which has further boosted the demand for cultivating agricultural crops using minimum resources such as land, water, and energy. Due to increasing water crisis around the globe the governments are promoting water-efficient irrigation technologies such as drip irrigation for agricultural purposes.

The drip irrigation market is anticipated to reach USD 12,150 million by 2030 from USD 5,820 million in 2021, at a CAGR of 10.2% during the forecast period.

The growing urgency to preserve water resources, especially in dry regions, is expected to drive the growth of the drip irrigation market in the forecast period. The widespread adoption of this technology in farms and fields worldwide is due to its numerous benefits, which continues to fuel market growth. The global market for drip irrigation has been expanding at a steady pace and this trend is expected to persist in the coming years.

Growth Drivers:

The global market for drip irrigation is expected to grow during the forecast period, driven by several factors such as growing population, increasing global food demand and growing population size, and limited arable, especially in emerging nations of the Asia Pacific and Latin America region.

As per the United Nations (UN), the global population is estimated to reach 9.7 billion by 2050, and to meet the food demands of this growing population, advanced irrigation technologies are crucial in the current agricultural system. Currently, the usage of drip irrigation systems is limited and therefore, it has significant potential for growth in the future.

Due to the increasing awareness of the importance of drip irrigation in modern agriculture, various governments worldwide are offering substantial incentives and subsidies to encourage farmers to adopt this technology. Additionally, the launch of education programs aimed at educating farmers about modern farming practices is expected to further boost the growth of the drip irrigation market.

The rising demand for sustainable agriculture practices is expected to drive the growth of the global drip irrigation system market. Adopting water-efficient agriculture practices helps to conserve natural resources and protect the environment.

Drip irrigation is crucial for managing soil moisture, particularly for specialized greenhouse vegetables. With the full automation of drip irrigation systems, farmers have a precise and easy method for managing soil moisture and applying water. The demand for drip irrigation systems is driven by several factors, including improved time management, reduced errors in water calculation, and accurate adjustment of soil moisture levels. The automation of these systems eliminates the need for manual calculations, which can be time-consuming and prone to human error. With the right soil moisture levels, farmers can optimize their crop yields and achieve better results.

Global Drip Irrigation Market Segmentation:

By Crop Type:

·        Field Crops

·        Fruit & Nuts

·        Vegetable Crops

·        Other Crops

By Components:

·        Emitters

·        Drip Tubes/Drip Lines

·        Pressure Pumps

·        Filters & Fertilizer Injectors

·        Valves

·        Others

By Application:

·        Surface Application

·        Subsurface Application

By Region:

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East and Africa

Global Drip Irrigation Market by Crop Type Review:

Based on the crop type, the global drip irrigation market is segmented into field crops, fruit & nuts, vegetable crops, and other crops. On the basis of crop type field crops are expected to dominate the market and the segment for vegetable crops is forecasted to grow at the highest rate in terms of CAGR during the forecast period.

Higher benefits such as higher profit margins, reduced cost, lesser fertilizers and water necessities are some of the factors which helped drip irrigation gain popularity among field crop growers.

Global Drip Irrigation Market by Components Review:

Based on the components, the global drip irrigation market is segmented into emitters, drip tubes/drip lines, pressure pumps, filters, valves, and others. On the basis of components the segment for drip tubes/drip lines is expected to be the largest and is also projected to grow at the fastest rate in terms of CAGR during the forecast period. The increasing adoption of drip tubes and drip lines made using recycled materials has risen in various region over past decade which is prominent factor driving the growth of drip tubes/drip lines segment in the global drip irrigation market.

Global Drip Irrigation Market by Application Review:

Based on the application, the global drip irrigation market is segmented into surface application and subsurface application. On the basis of application, segment for surface is expected to be the largest and is anticipated to grow at fastest CAGR during forecast period.

The surface application is highly preferred and practiced across areas where problems such as waterlogging are prevalent. Moreover, the high cost-effectively of the application method is another prominent factor for its wide adoption across several developed and developing economies.

Regional Outlook:

The drip irrigation market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. Asia Pacific holds the largest market for drip irrigation. Asia Pacific is expected to hold the highest CAGR during the forecast period. Within the Asia Pacific, China and India are seen to hold a dominant portion of the drip irrigation market. China is one of the leading manufacturers of drip-irrigation system components. Due to the growth of the agriculture sector and the implementation of favorable government policies. In particular, the availability of credit facilities and favorable policies in India and China are contributing to the growth of the market in the Asia Pacific region. These factors are expected to continue driving the demand for drip irrigation systems, leading to further growth of the market in the region.

North America is projected to follow Asia Pacific in terms of revenue growth in the global drip irrigation market. The drip irrigation form is widely practiced in U.S. Innovation in irrigation sector and increasing focus to produce higher crop yield by using minimum resources are the primary drivers for the growth of the drip irrigation market in the North America region.

The market in Europe is saturated as most of its irrigated land is under drip and sprinkler irrigation and these irrigation techniques are being practiced in region since long. High awareness about water-use-efficiency and water saving irrigation technologies for crop production is a prominent factor boosting the growth of drip irrigation market in the region.

Key Companies in Global Drip Irrigation Market:

The research report offers a competitive analysis of prominent companies operating in the global drip irrigation market. Some of the leading players profiled in the market research report include:

·        Lindsay Corporation

·        Jain Irrigation Systems Ltd.

·        Chinadrip

·        The Toro Company

·        Rivulis

·        Hunter Industries Inc.

·        KSNM DRIP

·        Raindrip Inc.

·        DRIPWORKS

·        Netafim

·        Irritec S.p.A

·        Eurodrip S.A

·        Driptech Incorporated

·        Goldenkey

·        Other Players