Drip irrigation, also known as trickle irrigation, is the most efficient irrigation technique. The rise in global population has made farmers use available agricultural land with minimum resources. Drip irrigation helps in the prevention of water wastage and works efficiently against draught affected areas. The use of drip irrigation technique has also proven to be effective in undulating terrains, rolling topographies, barren lands, and areas withshallow soil layers. Drip irrigation is a viable method to expand the area under cultivation. Most importantly, drip irrigation helps in saving labor cost and fertilizers used with less weed growth.
The demand for drip irrigation systems is on the rise. A highly efficient systems for agricultural purposes, it prevents the wastage of water and offers protection against draught. The popularity of drip irrigation is also gaining ground in greenhouse farming. The market for drip irrigation is mainly driven by the Asia-Pacific market. Besides, the ever increasing need and demand of the consumers and their food requirements are driving this market.
The market is expected to reach a value of USD 3.56 billion by 2020 at a CAGR of 10.7% for the forecast period of 2015 to 2020.
In the crop type segment, orchard crops had the highest market share in 2014 in the global drip irrigation market. Drip irrigation is mainly used for agriculture irrigation. Hence, the agriculture irrigation application segment had the highest market share in 2014. One of the major driving factors in this market is the increasing awareness among farmers and the government support to opt for technology upgradation in farming. The drip irrigation systems market is driven by factors, such as rise in food demand, rise in water scarcity, and high agricultural yield & productivity.
The drip irrigation systems market is a growing market. Various strategies were introduced by market players to drive growth. Key strategies adopted by major players include product development and expansions. Some of the key players that dominated the global drip irrigation systems market in 2014 are Netafim Limited (Israel), Jain Irrigation System Limited (India), Lindsay Corporation (U.S.), The Toro Company (U.S.), and Eurodrip S.A. (Greece).