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Drip Irrigation Market Projected to Reach $9.3 Billion by 2025 | Key Players are Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Elgo Irrigation Ltd.

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Drip Irrigation Market Projected to Reach $9.3 Billion by 2025 | Key Players are Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Elgo Irrigation Ltd.

June 02
08:46 2021
Drip Irrigation Market Projected to Reach $9.3 Billion by 2025 | Key Players are Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Elgo Irrigation Ltd.

MarketsandMarkets™
The global drip irrigation market is projected to grow from USD 5.5 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 10.8%

The Report Drip Irrigation Market by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, and Pressure Pumps), Emitter/Dripper Type (Inline And Online), Application (Surface And Subsurface), Crop Type, and Region – Global Forecast To 2025″, The drip irrigation market is estimated to be valued at USD 9.3 billion by 2025, from USD 5.5 billion in 2020, at a CAGR of 10.8% during the forecast period. The market is driven by factors such as enhanced crop yields, optimum utilization of resources, reduced agricultural input costs, and improved efficiency in agricultural production.

Drip Irrigation Market

COVID-19 impact on Drip irrigation market

The COVID-19 pandemic has had a significant global impact, due to which several industries are facing dire consequences. The pandemic continues to have complex and far-reaching impacts across the water-energy-ecosystem-food nexus. As an enabler of hundreds of millions of agricultural jobs in rural areas, the irrigation sector allows the world’s critical production systems, livelihoods of the majority of the world’s poor and is responsible for shifting to water saving sustainable practices. Drip irrigation companies around the world have continued to function despite challenging circumstances. However, there have been multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor.

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Opportunity: Increasing adoption of precision agriculture and sustainable practices

Commercial horticulturalists have been consistently trying to use resources to maximize profits, of which precision farming and sustainable agriculture plays a key role. Considering the rising production cost, farmers are trying to implement drip irrigation to increase irrigation efficiency and crop productivity. There is an emerging trend for an increase in greenhouse vegetable production. An increase in acreage under protected farming systems is expected to drive the drip irrigation systems market. The use of drip irrigation reduces environmental degradation and minimizes groundwater table depletion. It is considered sustainable, as the water usage rate is at gallons per hour instead of gallons per minute, which also reduces evaporation and runoff. Growing awareness, regulatory reforms, and agricultural policy for sustainably produced foods would contribute to the growth of the drip irrigation market.

Ease of installation and higher levels of efficiency drive prospects for inline emitters in the drip irrigation market.

The market is segmented on the basis mode of emitter type into inline and online emitters. Inline emitters are usually present within the laterals with equal spacing. Inline emitters may be flat boat-shaped, cylindrical, or may be attached to the inner wall of the lateral. Inline emitters are usually used for row crops or field crops such as onion, chili, potato, turmeric, vegetables, sugarcane, and cotton. They are prepared from superior-quality linear low-density polyethylene material. They help provide maximum resistance against clogging. Inline emitters are suitable for surface irrigation and subsurface irrigation.

Asia Pacific is projected to account for the largest market size during the forecast period

The Asia Pacific drip irrigation market is estimated to be the largest between 2020 and 2025 and is projected to grow at the highest CAGR. Asia Pacific was the largest consumer of drip irrigation in 2020. The region is marking a dramatic shift from the installation of basic irrigation facilities to the adoption of precision irrigation systems through technological upgrading. The focus of agriculture has shifted from traditional crops to more commercial crops. Due to these changes, irrigation facilities are expected to modernize their irrigation management and preferably their infrastructure. Drip irrigation has become an essential aspect as commercial crops are sensitive to the amount of water required and the time taken for its delivery.

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Key Market Players:

The key drip irrigation manufacturers in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), KSNM Drip (India), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US). These players are undertaking a strategy involving new product launches, acquisitions, and collaborations & agreements to improve their market position and extend their competitive advantage.

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