The global Drip Irrigation Market is projected to grow from USD 4.9 billion in 2019 to USD 8.5 billion by 2025, at a CAGR of 9.6%. The rise in the popularity of drip irrigation solutions can be attributed to government initiatives, water conservation activities, enhancement of production, and decrease in production cost. Markets such as China and India are among the key markets targeted by drip irrigation manufacturers and distributors due to the large agriculture sector driven by regional demand and exports that are adopting drip irrigation services in the region.
Report Objectives:
- To describe and forecast the drip irrigation market, in terms of component, crop type, emitter type, application, and region
- To describe and forecast the drip irrigation market, in terms of value, by region–Asia Pacific, Europe, North America, and the Rest of the World—along with their respective countries
- To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of drip irrigation
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the drip irrigation ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as acquisitions and divestments, expansions and investments, product launches and approvals, agreements, collaborations and partnerships in the drip irrigation market
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Based on crop type the field crops segment is projected to be the most significant contributor in the drip irrigation market during the forecast period
The demand for field crops is likely to record a higher market share between 2019 and 2025. Drip irrigation has been gaining significance among field crop growers for its precise application to the crops, and thus, is offering increased benefits such as reduced costs, higher profit margins, and lesser water and fertilizer requirements. Drip irrigation proved to be profitable for growing vegetables, orchard crops, and turf & lawns; however, in the last decade, its use in field crops such as corn, sugarcane, and cotton has also been profitable. The increasing prices of field crops have also fueled the drip irrigation market growth.
High costs and increasing demand for cash crops in regional and export markets drive the growth for surface drip irrigation systems.
In terms of application, the drip irrigation market is segmented into surface and subsurface systems. Well-designed irrigation equipment is capable of enhancing the agricultural production and reassures economic vitality of the farmer. Operational agronomical practices are essential components of an irrigation system. Surface drip irrigation equipment is widely used to irrigate perennial crops (trees and vines), vegetable crops and annual row crops. Surface equipment utilizes water, which is applied over the soil by drip tubes or laterals.
Asia Pacific is projected to account for the largest market size during the forecast period
The Asia Pacific drip irrigation market is estimated to be the largest between 2019 and 2025 and is projected to grow at the highest CAGR. Asia Pacific was the largest consumer of drip irrigation in 2019. The region is marking a dramatic shift from the installation of basic irrigation facilities to the adoption of precision irrigation systems through technological upgrading. The focus of agriculture has shifted from traditional crops to more commercial crops. Due to these changes, irrigation facilities are expected to modernize their irrigation management and preferably their infrastructure. Drip irrigation has become an essential aspect as commercial crops are sensitive to the amount of water required and the time taken for its delivery.
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Key Market Players:
The key drip irrigation manufacturers in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), T-L Irrigation (US), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US). These players are undertaking a strategy involving new product launches, acquisitions, and collaborations & agreements to improve their market position and extend their competitive advantage.
Recent Developments:
- In May 2019, The Metzer Group launched new ring connectors for its line of drip tapes. The new ring connectors are available in four different variants and are ideal for use in thin-walled pipes.
- In February 2019, Rivulis expanded its operations in Mexico with the opening of a new factory in Leon. The factory is expected to become the largest drip irrigation factory in the Americas and started manufacturing operations in early February.
- In February 2018, Mexichem (Mexico), a diversified conglomerate with businesses in plastic piping, chemicals, and petrochemicals acquired a majority stake in Netafim in a deal valued at USD 1.895 Billion.
