The Global Drip Irrigation market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from USXX.XX billion in 2018. Drip Irrigation s refer to the equipment and systems used to supply water in agricultural lands for growth of crops. The demand for Drip Irrigation is expected to increase on account of the rising adoption of these systems in farmlands owing to their precision property. Further, technological advancements like the advent of smart Drip Irrigation systems is anticipated to widen up the growth opportunities for the Drip Irrigation market in the upcoming years. However, high investment cost along with stiff maintenance cost is expected to hamper the market growth. The market has been segmented on the basis of application, components, emitter type and geography. In the application segment, surface drip irrigation is expected to hold a significant market share owing to its wide adoption. Geographically, Asia Pacific is projected to be a substantial shareholder in the market during the forecast period on account of the huge agricultural industry in countries like India and China along with rising government support for the modernization of the agricultural sector.
Government support for modern agriculture techniques.
Rising adoption of practices focusing on water waste reduction.
High investment and operating cost.
In February 2019, Rivulis Irrigation expanded its business in Mexico by opening a new factory in Leon.
In November 2017, Metzer launched a new production plant in Mexico with an aim to supply drip irrigation technology to Mexican farmers.
In February 2017, Rivulis Irrigation and Eurodrip S.A entered into a merger to become a leader in irrigation solutions.
Major industry players profiled as part of the report are Netafim Limited, Deere & Company, EPC Irrigation Limited, The Toro Company, Lindsay Corporation, Valmont Industries Inc., Rivulis Irrigation, and Nelson Irrigation Corporation among others.
The Drip Irrigation market has been analyzed through the following segments:
By Emitter Type
Middle East and Africa