Drip Irrigation Industry Is Expand at a CAGR of 14.2% to Reach US$ 34.7 billion by 2031

The global drip irrigation market was valued at US$ 9.2 billion in 2021 and it is anticipated to grow up to US$ 34.7 billion by 2031, at a CAGR of 14.2% during the forecast period.

Drip irrigation, often known as trickle irrigation, is a form of micro-irrigation system that allows water to drip slowly to plant roots, either above the soil surface or buried below the soil surface. The idea is to distribute water into the root zone while minimizing evaporation. Drip irrigation systems use a network of valves, pipes, tubing, and emitters to transfer water. A drip irrigation system may be more efficient than other types of irrigation systems, such as surface irrigation or sprinkler irrigation, depending on how effectively it is designed, installed, maintained, and operated.

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Market Drivers and Trends

The less usage of labor is the key driver of the market. As technology has improved, agriculture's labor force has become less necessary. The labor cost to operate a drip irrigation system is considered moderate, depending on the degree of automation. This type of irrigation has been used in landscapes, greenhouses, home gardens, field crops, orchards, and vineyards. Fertilizer can also be applied using drip irrigation, a process known as fertigation. Fertigation is the practice of applying nutrients and water at the root zone to promote crop absorption. Water and fertilizer application uniformity has the ability to boost production by 25% to 50%. Fertilizer usage efficiency with fertigation is 80%-90%, allowing 25% of the nutrients to be retained.

Market Restraints and Challenges

The maintenance cost is the major restraint to the market. The drip irrigation system requires continual pressure to maintain a consistent flow of water. The continual flow of water through lateral pipes may cause algae to grow, blocking emitters. Furthermore, the cost of replacing drip irrigation systems is high. Additionally, these systems are difficult to maintain because they require weekly chlorination, which adds to the cost. The maintenance cost is the major restraint to the market.

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Global Drip Irrigation Market Segmentation

By Component

• Emitters
• Drip Tubes
• Filters
• Valves
• Pressure Pumps
• Others

Major Players in the Global Drip Irrigation Market

The key players studied in the global drip irrigation market are as Hunter Industries(U.S.), Irritec S.P.A (Italy), Lindsay Corporation(U.S.), Netafim(Israel), Rain Bird Corporation(U.S.), The Toro Company (U.S.), Chinadrip Irrigation Equipment Co., Ltd.(China), Microjet(South Africa), Rivulis(Israel), and Jain Irrigation Systems Ltd.(India).

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