Lucintel Forecasts Drip Irrigation Market to Grow at a CAGR of 10%-12%

According to the recent study the drip irrigation market is projected to grow at a CAGR of 10%-12% from 2020 to 2025. Growth in this market is primarily driven by government initiatives of providing subsidies for drip irrigation and the ability of drip irrigation system to provide better yield with limited water supply.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in 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 (field crops, fruits & nuts, vegetable crops, and other crops), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Field crop market is expected to remain the largest segment during the forecast period.”        

Based on crop type, the drip irrigation market is segmented into field crops, fruits & nuts, vegetable crops, and other crops. Lucintel forecasts that the field crops market is expected to remain the largest segment during the forecast period due to its higher profit margins and lesser water & fertilizer requirements.

“Within the drip irrigation market, the inline emitters segment is expected to remain the largest emitter/dripper type.”   

Based on emitter/dripper type, the inline segment is expected to witness the largest segment over the forecast period due to its ease of installation and higher levels of efficiency.

“Asia Pacific will dominate the drip irrigation market in near future.”

Asia Pacific is expected to be the highest growth over the forecast period over the forecast period as this 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.

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Major players of drip irrigation market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Jain Irrigation Systems, Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Chinadrip Irrigation Equipment, Elgo Irrigation, and Shanghai Huawei Water Saving Irrigation are among the major drip irrigation providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/drip-irrigation-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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