The global drip irrigation market was valued at USD 1.67 billion in 2017 and is expected to reach USD 4.98 billion by 2026, with a compound annual growth rate of 14.63% during the forecast period. The agricultural sector is expected to occupy the largest share of this market due to the growing global population and increasing demand for food. Drip irrigation helps provide an efficient food supply, and innovations in drip irrigation technology are also driving market growth. Field crops are expected to drive market growth during the forecast period. As the use of drip irrigation improves the quality and quantity of yields and reduces production costs, these factors are driving the market growth of field crop types. The transmitter part is expected to lead the market growth during the forecast period.
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The main drivers of the market are the increasing demand for water and nutrients, as well as the increasing demand for water directly to the roots and reducing losses. In addition, increasing water problems are expected to drive market growth in the agricultural sector. Consumers' awareness of the benefits of drip irrigation continues to increase, which has also contributed to the growth of the global market. The implementation of more and more greenhouses provides opportunities for manufacturers. At the same time, it is estimated that the high cost of products will limit the market. The report provides a detailed list of the driving factors and limiting factors affecting market growth. In addition, it provides anticipated opportunities and emerging trends.
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It is estimated that during the forecast period, the demand for drip irrigation in developing countries such as India and China will continue to grow, and the Asia-Pacific region will occupy the largest market share. In addition, economic growth, the growth of the middle-class population, and various funds provided by the government to farmers are also actively promoting market growth in the region. Due to the rapid adoption of advanced agricultural equipment and technologies, China is expected to lead the region's market growth. North America is expected to have the highest compound annual growth rate during the forecast period.
The report includes a detailed study of Porter's five forces model to analyze different factors that affect market growth. In addition, the research also covers market attractiveness analysis, PESTLE analysis, value chain analysis and SWOT analysis.
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The research, analysis, profile and benchmarks of the major players in the drip irrigation market are EPC Industries Limited, Driptech Incorporated, Microjet Irrigation Systems, Rain Bird Corporation and Rivulus Irrigation. Global drip irrigation market scope Global drip irrigation market, other global drip irrigation markets by component valve transmitter pressure gauge drip irrigation pipe filters, other global drip irrigation markets by application greenhouse agricultural landscape, other global drip irrigation markets by application, field crops and fruits by crop type; nut vegetable crops and other global drip irrigation markets, By region North America, Europe, Asia-Pacific, Middle East and Africa, South America, major players operating in the global drip irrigation market EPC Industries Limited Driptech Incorporated Microjet Irrigation Systems Rain Bird Corporation Rivulus Irrigation Netafim limited Jain Irrigation System Limited Lidsay Corporation The Toro Company Eurodrip SA Valmont Industries TL Irrigation Company Reinke Manufacturing Company, Inc. ELGO Irrigation Co., Ltd. Hunter Industries Inc. Lindsay Corporation
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