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drip irrigation systems market

Drip Irrigation Market Share, Size, Trends, Industry Analysis Report, By Component (Emitters/Drippers, Drip Tubes/Drip Lines, Pressure Pumps, Valves, Filters, Fittings & Accessories); By Crop Type; By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2463
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global drip irrigation market was valued at USD 5.68 billion in 2021 and is expected to grow at a CAGR of 10.7% during the forecast period. Increasing awareness regarding the benefits of the technique, including less water usage and improved crop quality, along with government initiatives in order to increase adoption, is expected to increase the demand for the industry during the forecast period.

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It entails laying tubes with emitters next to the crops on the soil. The injectors trickle moisture into the surrounding soil of the ground gently. It is 90 % effective in enabling crops to utilize the water delivered, contrasting other methods, including sprinklers, which are approximately 65-75 % functional. It also cuts down on waste and evaporation. It progressively delivers water to the bottom of the plant, wherein it is vitally required.

The COVID-19 outbreak has impacted the economy globally, negatively influencing the global drip irrigation market growth. The low availability of raw materials and labor has disrupted the production of irrigation components across the globe. However, with the ease of lockdowns and restrictions, the demand for components and technology has increased and is anticipated to propel over the projected period, which in turn boosts the industry growth.

Industry Dynamics

Growth Drivers
The popularity of the technologies in farmland and fields throughout the globe has remained at an all-time high due to the numerous benefits. Consequently, the industry around the world has been growing at a similar rate, and this trend is likely to persist during the projection timeframe.

These systems may be used in landscapes and surroundings with unusual shapes, as well as areas with irregular terrain or soil characteristics. Such methods are more adaptable, allowing farmers and gardeners to design a network as required simply. This frequently leads to increased system performance. Increasing awareness regarding these benefits coupled with increasing adoption of modern techniques are expected to propel the drip irrigation market over the forecast period.

Report Segmentation

The market is primarily segmented based on component, crop type, application, and region.

By Component

By Crop Type

By Application

By Region

  • Emitters/Drippers
  • Drip Tubes/Drip Lines
  • Pressure Pumps
  • Valves
  • Filters
  • Fittings & Accessories
  • Fruits & Nuts
  • Field Crops
  • Vegetable Crops
  • Others
  • Surface
  • Subsurface
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Crop Type

The field crop segment is expected to dominate the global market over the forecast period due to its numerous advantages, such as it helps in increasing profit percentages and requires fewer fertilizers and water. Furthermore, expanding population due to urbanization has led farmers to grow sugarcane and corn, which in turn contributes to segment growth over the forecast period.

The fruit & nut segment is expected to grow considerably over the forecast period. The demand has grown as a result of rising exports and good profit percentage, as well as the expanded use of the technique. Fruit plants such as bananas, citrus, grapes, pomegranate, sweet lime, papaya, mango, and watermelon benefit from the technology. They boost fruit output, promote early maturation, and conserve water.

Insight by Component

The emitters/drippers segment held the majority share and is expected to dominate the segment throughout the projected period due to its benefits, such as no water clogging. Furthermore, increasing technology development in emitters by market players due to increased demand from commercial & residential industries is expected to support the increasing trends.

The drip tubes/drip lines segment is anticipated to grow at a considerable pace during the forecast period as these lines are easy to install and have high efficiency. Further, these tubes can withstand harsh environments and are UV stabilized, contributing to segment growth.

Geographic Overview

Asia Pacific dominated the global market in 2021 and is anticipated to maintain its dominance throughout the forecast period. Increasing technology up-gradation coupled with rising adoption of micro-irrigation in emerging economies such as China and India is expected to boost market demand throughout the forecast period.

Furthermore, increasing government attempts to encourage such systems, such as subsidies, foreign investments, and cheap interest rates. For instance, in August 2020, Netafim, an Israeli precise technology provider, revealed that it had signed a USD 85 million agreement to offer modern irrigation to 35,000 Indian farmers.

The market in Europe is anticipated to grow at a significant pace throughout the projected period due to increased awareness regarding water-saving irrigation along with higher adoption of micro-irrigation technologies in nations including Italy, Spain, and Greece.

Competitive Insight

Major market players operating in the global drip irrigation market include Chinadrip Irrigation Equipment Co., Ltd., Driptech Incorporated, EPC Industries Limited, Eurodrip S.A, Grupo Chamartin Chamsa, Hunter Industries, Irritec S. p. A, Jain Irrigation Systems, KSNM Drip, Lidsay Corporation, Metzer Group, Microjet Irrigation, Netafim, Rain Bird Corporation, Rivulus Irrigation, and The Toro Company. These players are adopting organic and inorganic tactics such as new product releases, collaborations & acquisitions, partnerships & mergers in order to increase their market presence and compete in the global market.

For instance, in July 2020, Lindsay Corporation, a prominent global producer and supplier of agricultural and infrastructure products and innovation, acquired Net Irrigate, LLC, an agricultural Internet of Things technology firm that offers irrigation clients remote surveillance services.

Drip Irrigation Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 5.68 Billion

Revenue forecast in 2030

USD 13.43 Billion

CAGR

10.7% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments covered

By Component, By Crop Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Chinadrip Irrigation Equipment Co., Ltd., Driptech Incorporated, EPC Industries Limited, Eurodrip S.A, Grupo Chamartin Chamsa, Hunter Industries, Irritec S. p. A, Jain Irrigation Systems, KSNM Drip, Lidsay Corporation, Metzer Group, Microjet Irrigation, Netafim, Rain Bird Corporation, Rivulus Irrigation, and The Toro Company.

Key Take-Away
Polaris Market Research
Global Drip Irrigation Market Size Report, 2022 - 2030