Drip Irrigation Market size was valued at US$ 5.50 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.9% through 2021 to 2027, reaching nearly US$ 11.35 Bn.
Drip irrigation is a type of agricultural irrigation that employs a system of pipes, valves, tubing, and emitters to provide regulated water to plants. Water is delivered directly from a source to the root zone of individual plants or to the surface of the soil. The components of the global drip irrigation market include Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, and Fittings & Accessories.
Introduction of Drip Irrigation market:
Each and every insight presented in the report was published by an expert group of Stellar Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Drip Irrigation industry. In the report, Drip Irrigation market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Drip Irrigation Market Overview:
The SMR Drip Irrigation Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
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Drip Irrigation Market Key players:
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)
KSNM Drip (India)
Sistema Azud (Italy)
Metzer Group (Israel)
Grupo Chamartin Chamsa (Italy)
Dripworks Inc. (US)
Drip Irrigation Market Drivers:
Drip irrigation systems are becoming increasingly popular in developing countries such as India and China, with government support and public-private partnerships from key industry players playing an important role. The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) in India provides subsidies for kits and systems to encourage the use of micro-irrigation. Government-sponsored programs in developing countries are another important factor that continues to support the growth of the Drip Irrigation Market.
Drip Irrigation Market Segmentation:
Drip irrigation is preferred by field crop growers due to its precise application to the crops, which provides greater benefits such as lower costs, higher profit margins, and less water and fertilizer usage. Drip irrigation has been shown to be effective for growing vegetables, orchard crops, and turf & lawns; however, in the last decade, it has also been shown to be beneficial for field crops such as corn, sugarcane, and cotton. Rising field crop prices have also contributed to the market's expansion.
Prime Reasons to purchase a Drip Irrigation Market report:
The goal of the Drip Irrigation market report is to help consumers to gain more information and a clearer understanding of the industry. The Drip Irrigation market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 03, 2023