Drip Irrigation Market Driving Factors >>
- Increase in Efficiency of Water Usage With Drip Irrigation
- Improved & efficient use of fertilizers
- Effective Cost Savings in Agricultural Production
- Enhancement in Crop Yield
The global drip irrigation market is projected to grow at a CAGR of 11.60% from 2017, to reach USD 6.54 Billion by 2022. In terms of area, the global drip irrigation market is estimated to be adopted across 16.8 Million hectares in 2017; this is projected to grow at a CAGR of 8.33% from 2017, to reach 25.1 Million hectares.
On the basis of emitters, the inline emitters segment is projected to grow at the highest CAGR from 2017 to 2022. Less labor requirement and their compatibility in terms of both surface and subsurface irrigation have led to the increase in demand for inline emitters.
Key players are >>
- Jain Irrigation Systems Limited (India)
- Netafim Limited (Israel)
- Eurodrip S.A. (Greece)
- Rain Bird Corporation (U.S.)
- Rivulis Irrigation Limited (Israel)
- The Toro Company (U.S.)
On the basis of crop type, the field crops segment accounted for the highest adoption of drip irrigation in 2016; the use of drip irrigation in field crops results in increased yield, higher quality & uniformity, and reduced production costs along with the increase in prices of field crops, which fueled the market for drip irrigation in this segment.
On the basis of component, the drip tubes/drip lines segment is projected to grow at the highest CAGR in the global drip irrigation market from 2017 to 2022. The increase in demand for drip tubes/drip lines is attributed to the continuous need to replace drip tubes after a period of two to three years as compared to that of other components.
The Asia-Pacific region is projected to be the fastest-growing market for drip irrigation between 2017 and 2022. The Asia-Pacific market also accounted for the highest adoption of drip irrigation in 2016 due to increased awareness and notable support from government through incentives and subsidies.
