PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1503248
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1503248
The global drip irrigation market is estimated at USD 5.6 billion in 2024 and is projected to reach USD 8.6 billion by 2029, at a CAGR of 9.0% during the forecast period. Drip irrigation is a precise and efficient watering method that delivers water directly to the root zone of plants through a network of tubes, valves, and emitters. This system minimizes water wastage by reducing evaporation and runoff, ensuring that water is used effectively. The benefits of drip irrigation include improved water conservation, enhanced crop yields, reduced weed growth, and minimized nutrient loss. By providing consistent and controlled water supply, drip irrigation promotes healthier plant growth and increased productivity, making it a sustainable choice for modern agriculture.
Scope of the Report | |
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Years Considered for the Study | 2024-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Component, Crop Type, Application, Emitter/Dripper Type, & Region |
Regions covered | North America, Europe, Asia Pacific, South America, and RoW |
"Rising demand for higher crop yields to drive the drip irrigation market globally"
Drip irrigation systems enable farmers to provide precise amounts of water and nutrients directly to the root zone of plants, promoting healthier growth and maximizing yields. By optimizing irrigation efficiency and reducing stress on crops, drip irrigation contributes to increased crop quality and overall farm profitability. This demand for enhanced productivity is particularly crucial in regions facing challenges such as water scarcity or variable climatic conditions, where drip irrigation's ability to sustain consistent crop growth becomes particularly valuable.
"In 2023, field crops and fruits & nuts stood as the major segment within the crop type segment of the drip irrigation market. "
Drip irrigation has seen widespread adoption in both field crops and fruits & nuts due to its ability to optimize water use and enhance crop quality. In field crops such as maize, soybeans, and cotton, drip systems deliver water and nutrients directly to the root zone, reducing water waste and increasing yields. This precise irrigation method ensures consistent moisture levels critical for optimal growth and development. Similarly, in fruits & nuts such as grapes, almonds, and citrus, drip irrigation promotes uniform water distribution, which is essential for fruit quality, size, and taste. The adoption of drip irrigation in these sectors has been driven by the need for sustainable water management practices and the desire to maximize productivity in diverse agricultural settings.
"Within the application segment,surface application will grow at highest rate."
Surface drip irrigation is preferred over subsurface drip irrigation for several reasons. First, it is generally easier and less costly to install and maintain since the components are accessible above ground, allowing for quicker identification and repair of leaks or blockages. Additionally, surface systems provide better visibility and control over water distribution, making it easier to adjust for different crops and soil conditions. They are also less likely to be disrupted by root intrusion or soil movement, which can be problematic in subsurface systems. Surface drip irrigation can be more effective in ensuring uniform water distribution, especially on uneven terrain, and allows for easier inspection and cleaning of emitters. Furthermore, it avoids potential issues with soil compaction around buried emitters, which can reduce system efficiency. Lastly, surface systems are more adaptable to changing irrigation needs and crop rotation practices, providing greater flexibility for farmers.
"The drip irrigation market in Rest of the World is projected to grow at highest rate during the forecast period."
Drip irrigation is poised to grow at the highest rate in ROW region due to several compelling reasons. Firstly, these regions face significant water scarcity challenges exacerbated by climate change and rapid population growth. Drip irrigation's ability to maximize water efficiency by delivering water directly to plant roots minimizes wastage from evaporation and runoff, making it an ideal solution in water-stressed environments. Secondly, there is increasing governmental and international support for sustainable agriculture practices and food security initiatives, driving investments in modern irrigation technologies like drip systems. Thirdly, the expansion of commercial agriculture and horticultural sectors in these regions, coupled with the demand for high-value crops, further fuels the adoption of drip irrigation to ensure reliable and efficient water supply.
By Company Type: Tire 1- 35%, Tire 2- 40%, Tire 3- 25%
By Designation: CXOs - 30%, Managers - 50%, Executives - 20%
By Region: North America - 25%, Europe - 25%, Asia Pacific - 30%, South America - 10%, RoW - 10%
Key players in this market include Rivulis (Isarel), The Toro Company (US), Jain Irrigation Systems Ltd. (India), HUNTERS INDUSTRIES INC. (US), NETAFIM (Isarel), Mahindra EPC Irrigation Limited (India), Rain Bird Corporation (US), Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China), Elgo Irrigation Ltd. (Isarel), Shanghai Irrist Corp., Ltd. (China), Antelco (Australia), Microjet Irrigation Systems (South Africa), metzer (Isarel), Grupo Chamartin S.A. (Spain), and Azud (Spain).
The report segments the drip irrigation market based on component type, crop type, application, emitter/dripper type, and region. In terms of insights, this report has focused on various levels of analyses-the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the drip irrigation market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the drip irrigation market. Competitive analysis of upcoming startups in the drip irrigation market ecosystem is covered in this report.