The global drip irrigation market size is expected to reach USD 13.43 million by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing populations and the desire for huge agriculture production with limited resources, as well as regulatory incentives to promote producers to use technologies, are the primary drivers supporting the industry's expansion. Moreover, the increasing adoption of modern techniques in order to save time, money, and water is expected to propel the market demand over the coming years.
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Furthermore, the benefits of the technique, such as it helps in minimizing water connection with plant leaves, branches, and flowers to avoid damage, minimizing moisture and fertilizer loss underneath the root system along with it reduces the amount of time spent working, are expected to increase the demand for the industry over the forecast period.
The surface application segment holds a significant share in the global market and is expected to dominate the segment due to wide adoption of this application due to its benefits such as water distribution uniformity and cost-efficient. Further, wide application areas such as vegetable crops, perennial crops, and annual row crops of surface systems are also expected to contribute to the growing trend.
Asia Pacific is expected to dominate the global market during the forecast period due to the presence of large areas coupled with the increasing farmer awareness regarding modern farming technology and water-saving solutions. Furthermore, rising government initiatives regarding sustainable advancement goals are expected to contribute to the rising trend.
Major industry participants operating in the global industry include Driptech Incorporated, EPC Industries Limited, Chinadrip Irrigation Equipment Co., Ltd., Eurodrip S.A, Hunter Industries, Irritec S. p. A, Jain Irrigation Systems, Grupo Chamartin Chamsa, KSNM Drip, Lidsay Corporation, Microjet Irrigation, Metzer Group, Netafim, Rivulus Irrigation, Rain Bird Corporation, and The Toro Company.
Polaris market research has segmented the drip irrigation market report based component, crop type, application, and region:
Drip Irrigation, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Drip Irrigation, Crop Type Outlook (Revenue - USD Billion, 2018 - 2030)
Drip Irrigation, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Drip Irrigation, Regional Outlook (Revenue - USD Billion, 2018 - 2030)