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Drip irrigation market worth $8.5 billion by 2025

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  • Drip irrigation market worth $8.5 billion by 2025

About the entity

MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.
ACCIONA
Idrica
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According to the new market research report "Drip Irrigation Market by Component" published by MarketsandMarkets, the Drip Irrigation Market is estimated to be valued at USD 8.5 billion by 2025, from USD 4.9 billion in 2019, at a CAGR of 9.6% during the forecast period. The market is driven by factors such as enhanced crop yields and improved efficiency in agricultural production.

Increasing concerns over water withdrawal and government initiatives are the key factor driving the growth in the drip irrigation market during the forecast period

Drip irrigation helps minimize water loss due to evaporation by distributing water through a network of valves, pipes, tubing, and emitters. Drip irrigation methods are known to offer a significant advantage in efficiency against other conventional irrigation methods, including sprinkler and flooding. The adoption of micro irrigation technology has helped achieve higher cropping and irrigation intensity, which has made a significant impact on resource saving, cultivation cost, crop yield, and farm productivity. This technology has received considerable attention from policymakers and government for its perceived ability to contribute significantly toward agricultural productivity and economic growth.

By emitter type, inline emitters dominated the drip irrigation market

Emitters are the most crucial components of a drip irrigation system as they discharge water flowing through the lateral over the crop root area. The role of emitters is to discharge water at a predetermined rate and help prevent clogging. Inline emitters are usually present within the laterals with equal spacing. They may be flat boat-shaped, cylindrical, or may be attached to the inner wall of the lateral. Inline emitters are usually used for row crops or field crops. They help provide maximum resistance against clogging and are suitable for surface irrigation and subsurface irrigation. The end users of inline emitters have substantial labor savings, as emitters are preinstalled. The inline emitters are molded into the dripline, which helps negate the costs for additional emitters.

Asia Pacific is projected to dominate the drip irrigation market by 2025

The Asia Pacific drip irrigation market is anticipated to witness significant growth during the forecast period due to the high agricultural production, government initiatives incentivizing the adoption of drip irrigation systems, and increase in irrigable areas in the region which has resulted in water scarcity across multiple countries in the region. Asia Pacific was the largest consumer of drip irrigation and is a key exporter of agricultural products. The region is mainly dominated by large-scale operations, primarily exports, with an organized distribution chain.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), T-L Irrigation (US), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US).