Report Ocean recently released a research report on the Drip Irrigation Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global Drip Irrigation market size was UD$ 5.3 billion in 2020. The global drip irrigation market is forecast to reach US$ 15.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2021-2030.
Water and fertilizers are supplied throughout the field in ‘dripperlines’ made up of smaller units. Drip irrigation is the most efficient way to fulfill the water and nutrients needs of the crops. It provides water and nutrients straight to the root zone of the plant in precise amounts.
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COVID-19 Impact Analysis
The COVID-19 pandemic proceeds to have a complex influence on the overall water, energy, ecosystem, and food industry. Despite the difficult circumstances, drip irrigation firms all around the world have continued to operate. On the contrary, various hurdles have impacted service delivery, such as labor shortage, fiscal limit, and supply chain disruptions. As a result, the impact of the COVID-19 pandemic on the global drip irrigation market is unpredictable.
Factors Influencing
Drip irrigation is an essential practice to control soil moisture, mostly in the case of specialized greenhouse vegetables. The drip irrigation system is a precise and simple method for controlling soil moisture by determining water application. As it eliminates the chances of human errors, the process is considered more effective than traditional methods. Thus, such beneficial applications would fuel the growth of the global drip irrigation market during the analysis period.
The growing concerns over water scarcity are expected to surge the growth of the global drip irrigation market during the analysis period. Decreasing water reserves and increasing population is necessitating the use of drip irrigation to save water. Thus, the market players may witness promising opportunities in the coming years.
The growing population has increased the demand for food and food production. To curb this issue, the demand for farming land has been rising. As a result, it would increase the demand for advanced agriculture systems during the forecast period. Thus, will fuel the global drip irrigation market.
The high cost associated with the drip irrigations systems may slow down the growth of the overall market during the projected period.
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Regional Analysis
The Asia Pacific region is expected to hold a major share in the global drip irrigation market. Emerging countries like India and China have observed a wide adoption of drip irrigation systems, owing to the growing population and government initiatives to expand agricultural activities. The favorable government programs, such as India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), are likely to extend micro-irrigation activities throughout the country. Moreover, other state-sponsored projects in the countries would also raise the regional contribution in the global drip irrigation market.
Competitors in the Market
- Jain Irrigation Systems Ltd.
- The Toro Company
- Lindsay Corporation
- Netafim Limited
- Chinadrip Irrigation Equipment Co. Ltd.
- Rain Bird Corporation
- Elgo Irrigation Ltd.
- Antelco Pty Ltd.
- Shanghai Huawei Water Saving Irrigation Corp.
- EPC Industries
- KSNM Drip
- Microjet Irrigation
- Sistema Azud
- Grupo Chamartin Chamsa
- Metzer Group
- Dripworks Inc.
- Other prominent players
Market Segmentation
By Type
- Emitters
- Pressure Gauge
- Drip Tube
- Valves
- Filters
By Application
- Surface
- Subsurface
By Industry Vertical
- Agriculture
- Landscape
- Greenhous
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Drip Irrigation Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Drip Irrigation market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Drip Irrigation Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Drip Irrigation market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Drip Irrigation market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Drip Irrigation market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Drip Irrigation market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Drip Irrigation business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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