Drip Irrigation Market to Witness 11.36% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report

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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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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 111.36 diverse industrial verticals.

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