PUBLISHER: Grand View Research | PRODUCT CODE: 1530319
PUBLISHER: Grand View Research | PRODUCT CODE: 1530319
Drip Irrigation Market Size & Trends
The global drip irrigation market size was estimated at USD 6.30 billion in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030. Several factors are driving the market growth, including the growing adoption of sustainable agricultural practices to address issues such as water scarcity. Moreover, the need for higher agricultural yield to address the growing demand for food production is driving the market's growth.
Drip irrigation, a form of micro-irrigation, is an effective system for delivering water and nutrients to crops. This method ensures precise delivery directly to the plant roots, providing optimal amounts exactly when required for each plant to thrive. The irrigation system offers uniform water distribution and minimal loss of nutrients and fertilizers. These systems reduce water usage significantly compared to traditional irrigation methods. Moreover, the long-term cost-effectiveness of drip irrigation drives the market's growth.
Many governments around the world promote the adoption of drip irrigation through subsidies, incentives, and supportive policies aimed at enhancing agricultural productivity and conserving water resources. India has launched various initiatives and subsidies to encourage drip irrigation adoption. One such prominent initiative is the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), which was designed to improve water efficiency in agriculture. Under PMKSY, farmers are eligible for financial support to install drip irrigation systems. This initiative reduces reliance on traditional irrigation techniques and contributes significantly to water conservation efforts.
Recent advancements in drip irrigation technology have significantly enhanced its efficiency. Precision irrigation, for instance, integrates sensors and automation to deliver precise amounts of water and nutrients directly to plant roots. This approach conserves water and promotes optimal crop growth. In addition, combining drip irrigation with fertigation, which mixes fertilizers into the water delivered to roots, ensures even nutrient distribution, minimizes waste, and enhances environmental sustainability.
Global Drip Irrigation Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global drip irrigation market report based on component, method, crop, and region:
U.S.
Canada
Mexico
UK
Germany
France
India
China
Japan
South Korea
Australia
Brazil
Kingdom of Saudi Arabia (KSA)
UAE
South Africa