Drip Irrigation Market to Witness 11.36% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
Market Overview: Global Drip Irrigation Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Drip Irrigation Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Drip Irrigation Market Insights 2024-30
The Global Drip Irrigation Market size was valued at around USD 6.1 Billion in 2023 and is projected to grow at a CAGR of around 11.36% during the forecast period, i.e., 2024-30.
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Top Players in the Drip Irrigation Market:
- EPC Industries Limited
- Driptech Incorporated
- Microjet Irrigation Systems
- Rain Bird Corporation
- Rivulus Irrigation
- Netafim limited
- Jain Irrigation System Limited
- Lidsay Corporation
- The Toro Company
- Valmont Industries
- T-L Irrigation Company
- Reinke Manufacturing Company, Inc.
- ELGO Irrigation Limited
- Hunter Industries Inc.
Segmentation Analysis of Drip Irrigation Market
Drip Irrigation Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Crop Type
- Field Crops
- Fruits & Nuts
- Vegetable Crops
- Other Crops (turf, ornamental, and spice crops)
Of them all, the Field Crop has shown notable growth during the historical period as the drip system is very peculiar & fulfills the need for the water & nutrition of every crop as per its growth requirements. In addition, the drip system is used to grow a variety of crops like sugarcane, cotton, corn, etc.
Thus, the increasing crop productivity of the farmer due to drip irrigation is helping the farmers shift towards this irrigation system. Hence, these factors are enhancing the usage of drip irrigation in the field crop, which further results in escalating the market growth during 2024-2030.
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-By Component
- Emitters/Drippers
- Pressure Pumps
- Drip Tubes/Drip Lines
- Valves
- Filters
- Fittings & Accessories
-By Application
- Agriculture
- Landscape
- Greenhouse
-By Emitter Type
- Inline
- Online
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Asia-Pacific Drip Irrigation market has been portraying a noticeable growth since 2018, owing to the increasing installation of drip irrigation systems in emerging economies, such as China & India. The rising adoption of micro-irrigation systems across the globe has propelled market growth during the historical period. Furthermore, some other factors responsible for the market growth are rising up-gradation in the agricultural industry along with growing farmer awareness about modern farming techniques & irrigation systems such as drip irrigation system, which is expected to boost the market growth in the coming years.
Moreover, increasing government support to implement micro-irrigation & high subsidies offered during the installation of irrigation systems are projected to escalate the market growth in the forthcoming years.
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