Drip Irrigation Market to Witness Exceptional Growth During 2022-2030 – The Bollywood Ticket

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Global drip irrigation market was valued at US$1.67 billion in 2017 and is projected to reach US$4.98 billion by 2026, at a CAGR of 14.63% during a forecast period.

The agriculture segment is expected to hold the largest market share over the forecast period owing to the growing demand for food as the population grows across the world. Drip irrigation helps in providing efficient food supply and innovation in drip irrigation technology is also driving the growth of the market. Field crops are estimated to propel the growth of the market over the forecast period. Increasing the quality and quantity of yield through the use of drip irrigation and reducing the cost of production, these factors are driving the market growth by field crop type. The transmitter segment is expected to lead the market growth over the forecast period.

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The major driving factors of the market are the growing requirement to save water and nutrients and the growing demand to deliver water directly to root zones and reduce losses. Additionally, increasing water issues are expected to drive the market growth in the agricultural sector. Rising awareness of the benefits of drip irrigation among consumers is also driving the growth of the market across the globe. The increase in the implementation of a greenhouse provides opportunities for manufacturers and at the same time the high cost of the product is believed to be holding back the market. The report provides a detailed list of drivers and restraints influencing market growth. Also, provides expected opportunities and emerging trends.

Asia-Pacific is estimated to hold the largest market share over the forecast period with increasing demand for drip irrigation from developing countries such as India and China. In addition, growing economy, growing middle class population, and government providing various funds to farmers are also driving the market growth positively in this region. China is expected to lead the market growth in this region owing to the rapid adoption of advanced agricultural equipment and technology. North America is expected to generate the highest CAGR during the forecast period.

The report includes a detailed study of Porter’s Five Forces Model to analyze the various factors affecting market growth. Additionally, the study also covers market attractiveness analysis, PESTLE analysis, value chain analysis, and SWOT analysis.

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The major players studies, analyzed, profiled and compared in the Drip Irrigation market are EPC Industries Limited, Driptech Incorporated, Microjet Irrigation Systems, Rain Bird Corporation and Rivulus Irrigation.
Scope of the global drip irrigation market
Global Drip Irrigation Market, By Component
Valves
Transmitters
Manometer
Drip
Filters
Others
Global Drip Irrigation Market, By Application
Tight
Agricultural
Countryside
Others
Global Drip Irrigation Market, By Crop Type
Field harvests
Fruits & Nuts
Vegetable crops
Others
Global Drip Irrigation Market, By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America

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Key players operating in the global drip irrigation market
EPC Industries Limited
Driptech Incorporated
Microjet irrigation systems
Rain Bird Society
Rivulus irrigation
netafim limited
Jain Irrigation System Limited
Lidsay Company
The Toro Company
Eurodrip SA
Valmont Industries
TL Irrigation Company
Reinke Manufacturing Company, Inc.
ELGO Irrigation Limited
Hunter Industries Inc.
Lindsay Company

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