Drip Irrigation Market Is Projected To Reach USD 4.3 Billion Till 2025 by Registering A CAGR of 10.5% (With Impact Analysis of COVID-19)


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Kenneth Research

Jun 08, 2020, 12:09 EST


New York, United States, Jun 08, 2020, 12:09 /Comserve / -- the global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2023 witnessing a promising compound annual growth rate of 10.5% over the forecast period i.e. 2020-2025

According to a recent research study conducted by Kenneth Research, the global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2025 witnessing a promising compound annual growth rate of 10.5% over the forecast period i.e. 2020-2025 owing to the government initiatives to promote the drip irrigation systems.

“The CAGR value Could change due to COVID-19 Pandemic”

Drip irrigation is the most effective method to use minimum quantity of water for higher yield. The aim was to enable small-scale and poor farmers to utilize efficiently marginal quantities of water and to cultivate home gardens and other land for the production of food needed for the family and some trade. Various field trials and research projects were implemented to give answers to key questions on the suitability and profitability of these techniques on a sustainable commercial basis for the millions of poor small farmers around the world. In drip irrigation, water is supplied separately to each plant in small, frequent and precise quantity through dripper emitters.

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Market Size & Forecast

Global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2023 witnessing a promising compound annual growth rate of 10.5% over the forecast period i.e.2018-2025 owing to the government initiatives to promote the drip irrigation systems.

Geographically, Asia Pacific accounted for the highest market share of 52% by the end of 2015; the market is anticipated to be the most attractive market in terms of market growth, witnessing a compound annual growth rate of 13% over the forecast period.

Europe market for drip irrigation system is expected to expand at a compound annual growth rate of 8.8% over the forecast period i.e. 2016-2023 owing to reduced arable land due to growth of industrialization in the region, government of European countries are taking initiatives to promote drip irrigation system in farms to boost the crop yield. Further, agricultural irrigation segment is anticipated to hold the largest market share followed by greenhouse irrigation over the forecast period owing to the increasing water scarcity, high production requirement and increasing adoption of irrigation tools in agricultural sector.

The water discharge pattern in these systems can be modified as per specific plant water requirements. Drip irrigation saves the water as the system irrigates the plant with controlled amount of water and enables the user to utilize saline water resources. Drip irrigation can be effectively used in barren lands, rolling topography, undulating terrain, barren lands, and areas with shallow soil layers.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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Key Players

The Toro Company (U.S.)
Jain Irrigation Systems Ltd. (India)
Rain Bird Corporation (U.S.)
Hunter Industries (U.S.)
Lindsay Corporation (U.S.)
EPC Industries Limited (India)
Netafim Limited (Israel)
Nelson Irrigation Corporation (U.S.)
Valmont Industries, Inc. (U.S.)
T-L Irrigation (U.S.)
Scope and Context

Growth Drivers and Challenges

Rise in the global population has led to strong demand for agricultural products, this has further created the demand of large scale production in agricultural sector by the use of limited water resources, and this will further propel the demand of drip irrigation system across the globe.

Growing environmental concerns along with the global water shortage is anticipated to be the major factor behind the strong demand of effective irrigation system over the forecast period i.e. 2018-2025.

Drip irrigation system has resulted in to increased crop yield and better quality product by reducing soil erosion and low weed growth, farmers across the globe are adopting the drip irrigation system to improve the yield of crops with minimum use of water, and these factors are anticipated to shape the drip irrigation market over the forecast period.

High initial cost of system installation along with the sophisticated level of management is expected to hinder the market growth particularly in developing countries.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Demand Analysis By Market Segmentation

By Component

Deep dive industry analysis has been carried out on the following component segments:-

Emitters
Pressure Gauge
Drip Tube
Valves
Filters
Others
By Application

By application, the global drip irrigation system market is analyzed on the following application:-

Agricultural Irrigation
Landscape Irrigation
Greenhouse Irrigation
Others
By Crop Types

Field Crops
Vegetable corps
Orchard Crops
Vineyards
Rest Crops
By Region

Global Drip Irrigation Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10075369

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

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