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New Jersey, United States – Analysis of Drip Irrigation Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast
By 2028, it is anticipated that the market for drip irrigation would be worth USD 8.3 billion. Innovative irrigation methods, like drip irrigation, are made to supply a crop with the right amount of water at the right time. Compared to traditional methods, the use of drip irrigation systems allows for a 45% reduction in water consumption. Since water is given directly to the root zone with drip irrigation, water evaporation losses are also kept to a minimum compared to conventional methods and sprinkler watering. In silty soil, a well-planned drip irrigation system reduces evaporation, water runoff, and deep percolation. Drip irrigation is becoming more and more popular in many nations with scarce water resources for irrigation as a result of these benefits. Israel is the nation that invented drip irrigation technology because it lacks the water needed for irrigation and effectively uses the technology to grow crops.
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The Drip Irrigation market, which was valued at US$ million in 2022, is expected to grow at a CAGR of approximately percent over the forecast period, according to our most recent report.
The necessity for labor in agriculture has decreased due to the acceleration of technological advancement. Depending on the extent of automation, the labour cost to operate a drip irrigation system is seen as minimal. Landscapes, greenhouses, home gardens, field crops, orchards, and vineyards have also utilized this sort of irrigation. Drip irrigation, commonly referred to as fertigation, is another method of applying fertiliser. Through fertigation, nutrients and water are delivered close to the root zone, increasing crop uptake. the consistent application of fertilisers and water. There’s a chance to get 25%–50% extra yield. Utilising fertilizer 80%–90% effectively through fertigation helps to retain 25% of the nutrients.
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Field crops are the most prevalent crop type in the worldwide drip irrigation market, according to segmentation. Due to its specific application to crops, drip irrigation is becoming more and more popular among growers of field crops because it offers greater advantages, including increased profit margins, lower expenses, and a reduction in the need for fertiliser and water. Additionally, drip irrigation has been successfully used in field crops including sugarcane, corn, and cotton during the past ten years. It is also proven to be beneficial for growing orchard crops, vegetables, and lawns and turf. Field crop price increases have also increased the market of drip irrigation.
The drip mainlines/drip tubes market segment accounts for the majority of the drip irrigation market’s component sales. The popularity of drip mainlines and drip tubes is growing thanks to modern sustainable raw materials and simple installation. A crucial component of drip irrigation is the drip tube. Over the past ten years, several regions have seen an increase in the use of drip tapes and drip lines constructed from recycled materials. It is also anticipated that growing levels of field crops and government backing would contribute to the global expansion of drip lines and tubes.
In terms of application, the drip irrigation industry is expected to grow most quickly in the surface area. Surface drip irrigation systems are in higher demand as a result of their low installation and maintenance costs. Equipment for surface drip irrigation is frequently used to water annual row crops as well as perennial crops (trees and vines). In contrast to conventional row crops, the design and operation of irrigation equipment for these kinds of crops is distinct. Additionally, the Asia Pacific drip irrigation market dominated the surface sector, which is anticipated to develop at the fastest rate throughout the forecast period. The surface system, which is used by most small farmers in India, China, and other Southeast Asian nations, is the main component used in the construction of low-cost drip irrigation kits in the area.
In terms of market share for drip irrigation globally, Asia Pacific led. The drip irrigation technology is quickly gaining acceptance worldwide, especially where water is a precious resource, like in wealthy nations. Data from the International Commission for Irrigation and Drainage (ICID) show that some of the key markets for drip irrigation include India, China, the US, Italy, Brazil, South Africa, and Mexico. In the past ten years, the area under drip irrigation has multiplied by four. This growth is mostly being driven by farmers’ and industries’ rising demand. Keeping track of this tendency is quite challenging, and determining the precise scope of drip irrigation has never been easy.
Key players in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Rivulis (Israel), Hunter Industries Inc. (US), Netafim (Israel), DRIPWORKS (US), Irritec S.p.A (Italy), Goldenkey (UAE), KSNM DRIP (India), and Raindrip, Inc. (US).
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