Drip Irrigation Market Trends and Forecast: 2024 and Beyond
According to MarketsandMarkets, the global drip irrigation market size is set to grow from USD 5.6 billion in 2024 to USD 8.6 billion by 2029, at an impressive CAGR of 9.0%.With growing awareness about water scarcity and the need for sustainable farming, farmers worldwide are embracing drip irrigation for its efficiency and long-term economic benefits.
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Top Drip Irrigation Companies & Their Business Strategies
The global drip irrigation market is estimated at USD 5.6 billion in 2024 and is projected to reach USD 8.6 billion by 2029, at a CAGR of 9.0% from 2024 to 2029.
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The drip irrigation market is being driven by several key factors, including the growing need for water conservation due to increasing water scarcity and climate change, which necessitates efficient irrigation...
Drip Irrigation Industry Analysis | Insights into Growth
The drip irrigation market size is set for substantial growth, with an estimated value of USD 5.2 billion in 2022, projected to reach USD 8.3 billion by 2027, recording a remarkable Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. This growth is propelled by the increasing adoption of drip irrigation systems by growers worldwide, offering precise water distribution to plant roots,...