Drip Irrigation Systems Market was worth USD 3145.1 million in 2021 and is predicted to grow at a CAGR of 10.81%, to reach USD 5253.6 million by 2026.
Drip Irrigation Systems Market Drivers:
Rising demand for agricultural products due to increasing population, decreasing water wastage, increasing technological advancement in irrigation facilities, government subsidies in various countries are the factors driving the growth of the market. High investment costs and lack of proper awareness are the restrainings of the market.
Opportunities:
Drip Irrigation System that spares fertilizer and water by allowing water to drip slowly to the roots of different plants, either onto the soil surface or directly onto the root zone, through a system of filters, valves, tubing, pipes, and emitters. The water is spread over the field by parallel tubing and connected through drippers introduced on the tubing at equivalent intervals. So, the best technique to use in applying water to gardens, home landscapes, and orchards is drip irrigation. The reason behind the use of a drip irrigation system is that the soil moisture remains constant.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
10.81% |
Segments Covered |
By Crop Type, By Application, By Components |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Netafim Limited Jain Irrigation System Limited Lindsay Corporation The Toro Company Eurodrip S.A EPC Industries Limited Rain Bird Corporation Rivulus Irrigation Driptech Incorporated. |
Market Segmentation:
Asia-Pacific has the largest share of the market followed by North America and Europe. Developing countries in the Asia-Pacific region such as China, India are expected to use modern farming methods.
Key Players:
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