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Global Drip Tape Market is expected to grow at a CAGR of 14.19% during the forecast period from 2019-2025

02-13-2020 12:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fior Markets

Global Drip Tape Market 2019, Global Drip Tape Market Growth, Global Drip Tape Market Trends and Analysis, Global Drip Tape Market

Global Drip Tape Market 2019, Global Drip Tape Market Growth, Global Drip Tape Market Trends and Analysis, Global Drip Tape Market

As per the report published by Fior Markets, the global drip tape market is expected to grow from USD 138.88 million in 2018 to USD 401.48 million by 2026 at a CAGR of 14.19% during the forecast period from 2019-2026.

Drip Tape Market by Type (Labyrinth, Inner Inlay), Application (Indoor Drip Irrigation, Orchard Drip Irrigation, Field Drip Irrigation), Region and Global Forecast 2019-2026.

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Prominent companies in the industry include Netafim Irrigation India Pvt. Ltd., TORO, Rain Bird, Irrigation Systems Ltd., Valmont Industries, Doncarb Graphite, Lindsay Corporation, Nelson Irrigation, John Deere, Hunter Industries, RivulisIrigation, Mahindra EPC, T-L Irrigation, Dayu Water-Saving, Yasheng, Luckrain, and Qinchuan Water-Saving are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.

Type segment includes labyrinth and inner inlay. The labyrinth segment dominated the global drip tape market with USD 73.68 million in 2018. The popularity of labyrinth tapes because of their clogging resistance which helps in avoiding additional maintenance costs will drive market growth in this segment. Application segment covers indoor drip irrigation, orchard drip irrigation, and field drip irrigation. The indoor drip irrigation segment is anticipated to grow with highest CAGR 15.04% during the forecast period owing to increased awareness of the advantages of drip tape for agricultural use.

BROWSE COMPLETE REPORT AND TABLE OF CONTENTS:https://www.fiormarkets.com/report/drip-tape-market-by-type-labyrinth-inner-inlay-385974.html

Growing popularity of drip tapes, increasing adoption of single-use drip tapes among farmers, and increasing popularity of drip tapes that prevent soil suction are the key driving factors for the drip tape market. The drip tapes are mostly for short duration crops and are very light weight may limit the growth of market. However, growing popularity of greenhouse farming practice is expected to boost the drip tape market over the forecast period.

Customization of the Report:This report can be customized to meet the client's requirements. Please connect with our sales team (sales@fiormarkets.com), who will ensure that you get a report that suits your needs.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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