The global drip irrigation market that was at USD 5.5 billion in 2021 is foreseen to develop with a CAGR of about 11% over the foreseen period to arrive at USD 9.3 billion by 2026.
Drip irrigation system allows controlled water use, where water is slowly delivered to the root system of plants. Water is either dripped onto the soil surface or directly to the root area using this method.
The global drip irrigation market is majorly propelled by the efforts to increase agricultural productivity using limited resources. The rapidly growing world population leads to the intensification in demand for agricultural products, which further boosts agricultural crop cultivation by using minimum resources such as arable land, water, and energy. The rising water crisis worldwide encourages governments to promote water-efficient irrigation technologies such as drip irrigation and sprinkler irrigation systems for agricultural and non-agricultural purposes. These systems aid farmers in controlling the extent, regularity, and water application frequency to the crops.
Impact of COVID-19 on Drip Irrigation Market
The coronavirus pandemic has had a notable impact globally, because of which multiple industries are facing dire consequences. The pandemic continues to have complex and far-reaching implications throughout the water-energy-ecosystem-food nexus. As an enabler of hundreds of millions of agricultural jobs in rural areas, the irrigation sector allows the world's critical production systems, livelihoods of most of the world’s poor and is responsible for shifting to water-saving sustainable practices. Drip irrigation companies across the globe have continued to function despite challenging circumstances. Nonetheless, multiple factors affect service delivery, such as fiscal constraints, disruption of supply chains because of travel restrictions, and lack of labor availability.
Recent Developments
In June 2020, Lindsay Corporation acquired Net Irrigate, LLC (U.S.), an agriculture Internet of Things technology company that offers remote monitoring solutions for irrigation customers.
In May 2020, The Toro Company presented clog-resistant drip tape, Toro Aqua-Traxx Azul drip tape. The drip tape provides a filter inlet design and optimized flow passages that pass-through debris to maximize clog resistance and product performance.
In May 2019, The Metzer Group announced new ring connectors for its line of drip tapes that can be available in four variants and are ideal for usage in thin-walled pipes.
Market Drivers
The rapid increase in population has led to the growth in demand for agricultural products, which has boosted crop cultivation demand with limited resources. A drip irrigation system's ability to provide better yield with limited water supply is expected to drive the global market for drip irrigation system over the forecast period. Additionally, the government is taking the initiative by providing subsidies in various regions to promote drip irrigation systems across the globe. Subsidies from the government and support from the financial institution, global water scarcity, and technological innovation will drive the global drip irrigation market in the coming years. Furthermore, growing agricultural activities in emerging economies such as India, Brazil, etc., are further expected to propel the worldwide drip irrigation market during the outlook period.
Restraints
The high initial investments required for drip irrigation systems makes its uneconomical for several low-value cultivations. This type of irrigation is feasible for horticultural crops and cash crops such as grapes, sugarcane, tomatoes, and onions, according to their high economic value. Drip irrigation is costly because of the requirement of large quantities of piping & filtration equipment.
Market Segmentation
Based on crop type, the drip irrigation market is divided into field crops, fruits & nuts, vegetable crops, and others.
The field crops segment is projected to grow at the highest CAGR during the foreseen period. The demand for the segment is likely to record a higher market share between 2021 and 2026. Drip irrigation has been gaining popularity among field crop growers for its precise application to the crops, and thus, is providing increased advantages like reduced expenses, higher profit margins, and reduced water and fertilizer requirements. Drip irrigation proved beneficial for growing vegetables, orchard crops, and turf & lawns; however, in the last decade, its application in field crops such as corn, sugarcane, and cotton has also been advantageous. The increasing prices of field crops have also fuelled market growth.
Based on the emitter type, the drip irrigation market is categorized into Inline and Online Emitters.
Ease of installation and increased levels of efficiency drive prospects for inline emitters in the global drip irrigation market. Inline emitters are generally present within the laterals with equal spacing. Inline emitters are produced from superior-quality linear low-density polyethylene material and offer maximum resistance against clogging. Inline emitters are appropriate for surface irrigation and subsurface irrigation.
Based on application, the market is segmented into surface and subsurface systems.
The rising call for cash crops is acting as a principal element promoting the surface drip irrigation systems' growth as it can improve production and reassures the economic vitality in agriculture for the farmers. Operational agronomical practices are crucial components of an irrigation system. Surface drip irrigation equipment is widely used to irrigate perennial crops (trees and vines), vegetable crops, and annual row crops. Surface equipment utilizes water, which is applied over the soil by drip tubes or laterals.
Regional Analysis
The drip irrigation market forecast in the Asia Pacific is expected to generate the highest revenue due to large, irrigated areas within the region and the growing adoption of micro-irrigation systems across nations like China and India. Several reasons are expected to act as driving forces in making the region the fastest-growing region globally. Rising technological up-grading in the agriculture industry and escalating farmer awareness about modern farming methods and irrigation systems such as precision irrigation systems is expected to drive the region's market growth. The rapidly increasing population across the region and declining arable land encourage agriculturists and farmers to shift towards more sustainable agricultural methods. Governmental subsidies related to the installation are estimated to be crucial in the Asia Pacific market's growth. Furthermore, an increasing number of market players and well-established market players such as Jain Irrigation Systems Ltd. and Chinadrip will further boost the market's development across the region.
The European market is saturated as most of its irrigated land is under drip and sprinkler irrigation, and these irrigation techniques are being practiced in the region for a long time.
North America is supposed to closely follow the Asia Pacific market in terms of overall revenue. The irrigation form is prevalent across the U.S. Innovation in the irrigation sector, and growing focus on producing higher crop yield by using the least available resources is primarily driving the irrigation market's growth across North America.
Key Players
Some of the prominent players operating in the global drip irrigation market are Jain Irrigation Systems Ltd. (India), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Lindsay Corporation (U.S.), The Toro Company (U.S.), Netafim Limited (Israel), Rain Bird Corporation (U.S.), Chinadrip Irrigation Equipment Co. Ltd. (China), and Dripworks Inc. (U.S.).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Drip Irrigation Market, By Crop Type
6.1.1 Field Crops
6.1.2 Fruits & Nuts
6.1.3 Vegetable Crops
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Drip Irrigation Market, By Application
6.2.1 Surface
6.2.2 Subsurface Systems
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Drip Irrigation Market, By Emitter Type
6.3.1 Inline
6.3.2 Online
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Crop Type
7.2.3 By Application
7.2.4 By Emitter Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Crop Type
7.3.3 By Application
7.3.4 By Emitter Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Crop Type
7.4.3 By Application
7.4.4 By Emitter Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Crop Type
7.5.3 By Application
7.5.4 By Emitter Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Crop Type
7.6.3 By Application
7.6.4 By Emitter Type
8. Key Player Analysis
8.1 Jain Irrigation Systems Ltd
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Elgo Irrigation Ltd
8.3 Shanghai Huawei Water Saving Irrigation Corp
8.4 Lindsay Corporation
8.5 The Toro Company
8.6 Netafim Limited
8.7 Rain Bird Corporation
8.8 Dripworks Inc.
8.9 Chinadrip Irrigation Equipment Co. Ltd
9. Market Outlook & Investment Opportunities
10. Appendix
List of Tables
List of Figures
