Press Release

Adoption of Micro-Irrigation Systems Are Amongst Prime Factor for Growth in Drip Irrigation Market

The Global Drip Irrigation Market size was valued at around USD 6.1 Billion in 2023 and is projected to grow at a CAGR of around 11.36% during the forecast period, i.e., 2024-30., says MarkNtel Advisors in their recent research report. The factors responsible for the market growth are growing initiatives & programs taken up by the government of countries such as China, the US, Mexico, and India, among others, to escalate the market growth. Furthermore, increasing scarcity of water, caused by global warming & poor water management, has influenced countries such as India, Turkey, Australia, etc., to emphasize well-organized water conservation programs & activities to reduce wastage. Moreover, increasing government initiatives for wastewater management resulted in escalating the demand for drip irrigation systems in the historical years. For instance:

• According to the Department of Agriculture, Water, and the Environment, the Australian Government, under the Sustainable Rural Water Use and Infrastructure Program, provides funds for various economic activities like drip irrigation systems, overhead spray systems, etc.

Additionally, the world's rapidly increasing population is driving the demand for arable land, water, and energy. Besides, farmers may manage the amount, consistency, and frequency of water used to grow crops with this technology. Further, poor water management has shifted the focus of various countries like India, Turkey, Australia, etc., toward more effective water conservation programs & activities to reduce the wastage of water.

Hence, this system allows the farmers to control the extent, regularity, and frequency of the water to the crops. Therefore, this results in propelling the market growth in the forthcoming years, further states the research report, "Global Drip Irrigation Market Analysis, 2024."

Drip Tubes/Drip Lines to Hold Substantial Share in Forthcoming Years

Based on the component, the market is segmented into Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories. Among them, Drip Tubes/Drip Lines experienced considerable growth in the Global Drip Irrigation market due to their easy & convenient usability. The drip tubes have emitters installed at regular intervals along their length, which releases water supply directly to the crop plant. Hence, due to the easy usability of drip lines, the demand for these tubes is anticipated to grow positively in the coming years.

Inline Emitter to Dominate the Drip Irrigation Market

Based on the Emitter type, the market is divided into Inline & Online. Among them, Inline Emitter captured a moderate growth during 2019-2021. Some crucial factor responsible for market growth is the maximum resistance power of the inline emitter against clogging compared to the online emitter. In addition, inline emitters are suitable for surface irrigation & subsurface irrigation as it provides a uniform flow rate at low pressure. Further, due to these factors, the demand for the inline emitter is anticipated to grow positively during the forecast period.

Besides, the inline emitter has a drip emitter straight into the tubing at evenly spaced intervals & is convenient to use. Moreover, farmers cultivate multiple plants to maximize the usage of their land & increase yield. As a result, farmers favor inline emitters in place of online. Hence, the growth of these emitters is expected to accelerate in the forthcoming years

Asia-Pacific to Witness Significant Growth -

Geographically, Asia-Pacific witnessed significant growth in the Global Drip Irrigation market during 2019-2021. The factors responsible for the market growth are the rising installation of drip irrigation systems in the developing economies of the Asia-Pacific region, such as India & China. In addition, the growing adoption of micro-irrigation systems in regional countries such as China & India has elevated the market growth during the historical period. In addition, some crucial factors responsible for market growth are the growing development & modernization of the agricultural industry in the region.

Furthermore, the rising number of farmers' irrigation systems, such as modern agricultural systems & drip irrigation systems in the region, is expected to boost the market growth in the next few years. Moreover, the increased government support for micro-irrigation & high subsidies to farmers for installing irrigation systems is projected to increase market growth in the forthcoming years, reveals MarkNtel Advisors in their research report.

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Drip Irrigation Market are EPC Industries Limited, Driptech Incorporated, Microjet Irrigation Systems, Rain Bird Corporation, Rivulus Irrigation, Netafim Limited, Jain Irrigation System Limited, Lidsay Corporation, The Toro Company, Valmont Industries, T-L Irrigation Company, Reinke Manufacturing Company, Inc., ELGO Irrigation Limited, Hunter Industries Inc.

Key Questions Answered in the Study

1. What are the current & future trends in the Global Drip Irrigation Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the competition been shaping across various regions, followed by their competitive landscape?
4. What are the key growth drivers & challenges for the Global Drip Irrigation Market?
5. What is the customer orientation, purchase behavior, and expectations from product providers across various regions?

Market Segmentation:

1. By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories)
2. By Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops, Other Crops (turf, ornamental, and spice crops))
3. By Application (Agriculture, Landscape, Greenhouse)
4. By Emitter Type (Inline, Online)
5. By Region (North America, South America, Europe, the Middle East & Africa, Asia-Pacific)