Drip Irrigation Market Size, Industry Analysis, Growth Drivers, Trends, and Revenue Forecast – 2027
The drip irrigation market size is estimated to be valued at USD 5.2 billion in 2022 and is projected to reach USD 8.3 billion by 2027, recording a CAGR of 9.8% during the forecast period in terms of value. Heavy investments are being made in R&D by global giants to manufacture products that are economical and suitable for use with fertilizers and agrochemicals. The global drip irrigation systems market has realized opportunities in terms of innovative products and patent registrations, thereby indicating a growing demand for the latest agricultural technologies. Developing countries such as India and China are among the largest markets due to the agrarian nature of their economies and increasing levels of water scarcity that affects the regions. Drip irrigation is well suited to intensive systems such as vegetable production. It has gained widespread acceptance internationally as a technology that can increase water use efficiency to about 90–95%.
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By crop type, the field crops segment is the largest type in the global drip irrigation market.
Drip irrigation is gaining importance among field crop growers for its specific application to the crops and, thus, is providing higher benefits such as higher profit margins, reduced costs, and fewer fertilizer and water necessities. Moreover, drip irrigation is proven to be profitable for growing orchard crops, vegetables, lawns, and turf; however, in the last decade, its utilization in field crops such as sugarcane, corn, and cotton has also been profitable. The rising prices of field crops have also escalated the market of drip irrigation.
By component, the drip mainlines/drip tubes segment is the largest component in the global market.
Modern sustainable raw materials and easy installation increase the growth of drip mainlines and drip tubes. The drip tube is a essential part of the drip irrigation process. Moreover, the increasing adoption of drip tapes and drip lines made using recycled materials has risen in various regions over the past decade. The increasing government support and the rising volumes of field crops are also expected to aid the growth of drip tubes and drip lines across the globe.
By application, the surface segment has the highest growth in the drip irrigation market over the foreseeable future.
Low costs of installation and maintenance lead to increasing demand for surface drip irrigation systems. Surface drip irrigation equipment is widely used to irrigate perennial crops (trees and vines) and annual row crops. However, the design and management of irrigation equipment for these types of crops are different as compared to other row crops. Moreover, the surface segment was dominated by the Asia Pacific market and is projected to grow at the highest rate during the forecast period. The manufacture of low-cost drip irrigation kits in the region mainly features a surface system, which is popular among the majority of the small farmers across India, China, and other countries in Southeast Asia.
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Asia Pacific is estimated to be the largest region for the drip irrigation market in 2022.
Nowadays, agricultural focus is shifting to more commercial crops from traditional crops. Due to these modifications, facilities of irrigation are modernizing the irrigation management and most preferably, the infrastructure. The growth in this region is driven by the rise in demand for agricultural produce due to the growing population, an increase in technological advancement in irrigation facilities, and government subsidies in various countries of this region.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Rivulis (Israel), Hunter Industries Inc. (US), Netafim (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation Ltd. (Israel), and Shanghai huawei water saving irrigation corp. ltd. (China).
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