The Global Drip Irrigation Market is projected to reach a value of over USD 10.6billion by 2027 at a CAGR of around 10.1%.
Drip irrigationis a type of micro-irrigation system which has a potential to save water and nutrients by allowing water to drip slowly to roots of plants either from above the soil surface or buried below the surface and are commonly known as trickle irrigation. Drip irrigation is one of the most effective ways of irrigation with 95-100% water use efficiency and can be used for all types of soil. Better plant productivity, less water wastage, reduce risk of diseases, weed control, and saves irrigation time are some of the major benefits of drip irrigation.
Market Driver:
Growing awareness regarding the importance of micro-irrigation types such as drip irrigation has increased its adoption in agiculture. Various benefits such as increase crop production, reduce water wastage and others have increased the government support. Various governing bodies from emerging nations such as India, China, and others are taking initiative by offering high subsidiaries to promote adoption of drip irrigation. For instance, Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was launched in India to extend the coverage of micro-irrigation by providing subsidiaries on system and kits. Moreover, the launch of awareness programs to educate farmers about modern farming techniques. Thus, increasing government support through various programs and subsidiaries to promote adoption of drip irrigation has expected to drive the market growth.
Market Restraint:
Farmers from various emerging economies are resisting from the adoption of micro-irrigation systems due to the high initial investment required for its set up. These systems are uneconomical for low-value crops and are best suited for horticulture crops. Moreover, a longer period of time is required for installation of these systems and damage to irrigation components such as drip tubes due to overexposure to heat thus increasing the cost of maintenance. Drip irrigation is expensive due to the requirement of large quality of filtration equipment and piping. Thus, higher initial investment and higher maintenance cost associated with drip irrigation system may hamper the growth during the forecasted period.
The report on the drip irrigationmarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, Component, Crop Type,Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Drip Irrigation Market, by Type
Drip Irrigation Market, by Component
Drip Irrigation Market, by Crop Type
Drip Irrigation Market, by Application
Drip Irrigation Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE DRIP IRRIGATION MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY