Drip Irrigation Market Recent Study Including Growth Factors CAGR of 13.9% by 2028

The Drip Irrigation Market is projected to reach US$ 23,313.57 million by 2028 from US$ 9,287.67 million in 2021; it is expected to grow at a CAGR of 13.9% from 2022 to 2028. Drip irrigation, also known as trickle irrigation, is a type of micro-irrigation that enables water to drip slowly to the roots of plants, preventing the wastage of water and washout of important nutrients. It is an efficient and economical way to water crops. The system comprises emitters, drip tubes, drip lines, filters, valves, and pressure pumps. According to estimates by the University of Rhode Island, drip irrigation is 90% efficient, unlike other irrigation techniques that are only 65-75% efficient. The drip irrigation systems are rapidly growing in dry areas or areas with high water scarcity. Moreover, these systems are widely used in commercial nurseries and farmlands for ensuring low runoff and evaporation. The incorporation of drip irrigation is growing across a wide range of field & forest crops and vegetable & perennial gardens.

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Drip Irrigation Market Company Profiles Analysis:

• Hunter Industries
• IRRITEC S.P.A.
• Lindsay Corporation
• Netafim
• Rain Bird Corporation
• The Toro Company
• Chinadrip Irrigation Equipment Co., Ltd.
• Microjet
• Rivulis
• Jain Irrigation Systems Ltd.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Drip Irrigation market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Drip Irrigation market segments and regions.

Market Segmentation:

By Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, and Others), Emitter Type (Inline and Online), Application (Agriculture, Green House, and Others), and Type (Surface and Subsurface)

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Drip Irrigation Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Reason to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Drip Irrigation Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Drip Irrigation Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

Frequently Asked Questions

• What are the driving factors impacting the global drip irrigation market?
• What are the future trends of the drip irrigation market?
• Which is the leading component segment in the drip irrigation market?
• Which is the fastest growing regional market?
• Europe is the fastest growing region in the global drip irrigation market.
• Which are the key players holding the major market share of drip irrigation market?

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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