Agriculture plays a prominent role in the sustenance of human life on Earth. It has played a prominent role in the development of civilizations around the globe, as early humans migrated and settled in locations with fertile soil and accessible freshwater sources for irrigation. Studies show that around 50% of the total habitable land is being used for agricultural purposes. However, agriculture has a severe impact on the water levels around the globe. Estimates suggest that agriculture accounts for roughly 70% of all the freshwater withdrawals globally. Hence, scientists are increasingly looking at irrigation methods that can reduce the agricultural burden on freshwater resources. Drip irrigation has proven to be an efficient method for water conservation, as water is directly poured at the root of the plant, thereby reducing the wastage of water. Along with water, nutrients and fertilizers can also be provided in a liquidised form through drip irrigation infrastructure through a process called fertigation. Studies also show that drip irrigation has an efficiency of around 90%, and it reduces run-off and evaporation, aiding for the drip irrigation market growth.
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Agriculture plays a crucial role in increasing the GDP of numerous countries around the globe. In developing countries such as India, for instance, agriculture was responsible for around 19.9% of the GDP in 2020-2021. However, numerous states in the country are facing shortage in ground water for irrigation, or are in the threat of facing water shortage in the coming years. Hence, drip irrigation is increasingly being promoted as a suitable irrigation method in countries for the reduction of water wastage in agriculture. Subsidies are also being provided to farmers for the implementation of drip irrigation systems. Pradhan Mantri Krishi Sinchai Yojana in India, for instance, provides a subsidy of up to 90% for the implementation of drip irrigation systems. Also, the Food and Agriculture Organization (FAO) is taking efforts for the distribution of drip irrigation kits to small and medium scale farmers in remote regions in both Asia and Europe. Furthermore, the drip irrigation market has tremendous growth potential, as government bodies around the globe are increasingly focusing on raising the awareness of individuals regarding the advantages of drip irrigation systems. The market participants are also collaborating with government bodies for the implementation of drip systems in areas that face severe water shortage.
The detailed research study provides qualitative and quantitative analysis of drip irrigation market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- The global drip irrigation market was valued at US$ 5124.74 MN in 2020 and is projected to grow at a CAGR of 10.29% over the forecast period. Increasing demand for automated agricultural practices, coupled with the increasing need for water conservation in agriculture is expected to drive the growth of the global drip irrigation market in the coming years. By 2029, the market is expected to be worth US$ 12330.22 Mn.
- By region, Asia Pacific accounted for the highest share in the global drip irrigation market in 2020. The presence of a large number of drip irrigation system providers in countries like India, China, Malaysia, etc., coupled with the higher dependence on agriculture in the APAC countries is a major reason for the greater growth of APAC in the global drip irrigation market.
- In 2020, commercial farms accounted for the highest revenue in the global drip irrigation market. The higher return on investment in commercial farms and the availability of budget for investment in drip irrigation systems paved way for the larger market share of commercial end-users in the global drip irrigation market. However, drip irrigation systems for residential users are expected to see maximum growth in the forecast years in the global drip irrigation market, and the expected CAGR is 10.91%. Growing focus on modernized home-based farming in expected to contribute to this.
- Some of the major players operating in the drip irrigation market are AGRODRIP, Antelco, AZUD, Chamsa - Grupo Chamartin, Chinadrip Irrigation Equipment Co., Ltd., DripWorks, Inc, Elgo Irrigation Ltd, Eurodrip A.V.E.G.E, Goldenkey, Grodan, HUNTER INDUSTRIES, Irrigation Direct Canada, Irritec S.p.A, Jain Irrigation Systems Ltd, KSNM DRIP., Lindsay Corporation, Metro Irrigation, Metzer, NETAFIM, NORMA Group SE, Rain Bird Corporation, Rivulis, Shanghai Irrist Corp., Ltd., The Toro Company, and Trimble Inc. among others.
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Global Drip Irrigation Market:
- By Component
- Products
- Drip Lines
- Drip Tapes
- Drip Tubes
- Drippers
- Pressure Compensation (PC) Drippers
- Non- Pressure Compensation (PC) Drippers
- Filters
- Valves
- Fittings and Accessories
- Others
- Services
- Consulting and Advisory
- Implementation and Training
- Design and Development
- Others
- By Crop Type
- Field Crops
- Orchards
- Protected Crops
- By Application
- On Surface
- Subsurface
- By Dripper Type
- Online
- Integrated/Inline
- By End User
- Residential
- Commercial
- By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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