Drip Irrigation Market Competitor Analysis, Growth, Insights, Trends 2024-2033: Strategic Perspectives

Global drip irrigation market size is expected to reach $11.39 Bn by 2028 at a rate of 11.5%, segmented as by dripper, inline emitters, online emitters

Jul 16, 2024 - 12:41

Drip Irrigation Market Competitor Analysis, Growth, Insights, Trends 2024-2033: Strategic Perspectives

Overview and Scope

Drip irrigation refers to a particular sort of micro-irrigation system that involves planting emitter-equipped tubing next to the plants. Additionally, it is known as trickling irrigation.

Sizing and Forecast

The drip irrigation market size has grown rapidly in recent years. It will grow from $6.59 billion in 2023 to $7.37 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to water scarcity concerns, increased crop yield and quality, government support and subsidies, rise in commercial agriculture, focus on sustainable agriculture practices.

The drip irrigation market size is expected to see rapid growth in the next few years. It will grow to $11.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to population growth and food security, expansion of horticulture and floriculture, climate change adaptation, technological advancements in irrigation systems, awareness and adoption in emerging markets. Major trends in the forecast period include adoption of drip irrigation in greenhouse farming, advancements in drip irrigation system design, micro-irrigation for smallholder farmers, drip irrigation in urban and landscaping applications, shift towards organic and specialty crop production.

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Segmentation & Regional Insights

The drip irrigation market covered in this report is segmented –

1) By Dripper: Inline Emitters, Online Emitters

2) By Component: Filters, Drip Pipes, Emitters, Valves, Pressure Gauge, Fittings, Other Components

3) By Crop: Field Crops, Fruit And Nuts, Vegetable Crops, Other Crops

4)By Application: Surface Application, Subsurface Application

Asia-Pacific was the largest region in the drip irrigation market share in 2023. The regions covered in the drip irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

Increasing demand for agricultural products is expected to propel the growth of the drip irrigation market going forward. Agricultural products refer to any raw or processed agricultural product, including those made from cattle or any agricultural commodity. Drip irrigation is used to deliver water and nutrients directly to the plant's root zone to increase crop yields through improved water and fertility management to meet the demand for agricultural products. For instance, in January 2022, according to an economic survey report 2021–22 shared by the government of India, a record 308.65 million tons of food grain are expected to be produced nationwide in 2020–21, an increase of 11.15 million tons from the production in 2019–20. A record amount of 150.50 million tons of food grain is expected to be produced nationwide in 2021–2022, up 0.94 million tons from the Kharif production of 2020–2021. Furthermore, according to the Crop Production 2021 Summary shared by the United States Department of Agriculture (USDA), a US-based federal executive department responsible for farm policy and food safety, the estimated corn for grain output in 2021 was 15.1 billion bushels, an increase of 7% from the prediction for 2020. Estimated grain production for 2021 was 448 million bushels, a 20% increase above the level for 2020. The total amount of cotton predicted to be produced is 17.6 million 480-pound bales, up 21% from 2020. Therefore, increasing demand for agricultural products is driving the growth of the drip irrigation market.

Key Industry Players

Major companies operating in the drip irrigation market report are The Toro Company, Valmont Industries lnc., Netafim Limited, Jain Irrigation Systems Ltd., Rain Bird Corporation, Lindsay Corporation, Hunter Industries Inc., Rivulis Irrigation Ltd., Naandan Jain Irrigation Ltd., Eurodrip S.A, T-L Irrigation Company, Grupo Chamartin S.A, Stax Technologies, Irritec S.P.A, Driptech Incorporated, DripWorks Inc., Irrigation-Mart lnc., Chinadrip Irrigation Equipment Co. Ltd., Aqua Solutions lnc., Goldenkey, Elgo Irrigation Ltd., Antelco Pty. Ltd., Microjet Irrigation Systems, EPC Industries Limited, Nelson Irrigation Corporation, Sistema Azud S.A, Shanghai Huawei Water Saving Irrigation Corp., Metzer Group, KSNM DRIP, Raindrip Inc., Anupam Agri Industries Ltd.

The drip irrigation market report table of contents includes: