Drip Irrigation Market is expected to grow at a CAGR of 9.13% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Drip Irrigation Market size was valued at USD 5.2 billion in 2022 growing at a CAGR of 9.13% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Drip Irrigation Market size accounted for USD 5.2 billion in 2022, growing at a CAGR of 9.13% from 2023 to 2033.The drip irrigation market involves the use of a water-efficient irrigation method where water is delivered directly to the plant's root zone through a network of tubing, pipes, and emitters. This targeted approach minimizes water wastage, enhances nutrient absorption, and promotes efficient crop growth. The market is driven by increasing concerns over water scarcity, a growing emphasis on precision agriculture, and the need for sustainable irrigation practices. Drip irrigation systems find widespread applications in agriculture, horticulture, and landscaping, contributing to water conservation and improved crop yields.

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The drip irrigation market is primarily propelled by a rising global focus on water conservation in agriculture. Increased awareness of water scarcity, coupled with the need for resource-efficient farming, drives the adoption of drip irrigation systems. The market's growth is further fueled by the technology's ability to enhance crop yields, minimize water wastage, and support sustainable agricultural practices.

Key Players
Some of the major Drip Irrigation Market players holding high market shares include Jain Irrigation Systems Limited, T-L Irrigation Company, Lindsay Corporation and EPC Industries. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Netafim Ltd, Nelson Irrigation Corporation, DripWorks, Inc., The Toro Company, Microjet Irrigation Systems, Rivulis Irrigation Limited, Harvel Agua., Chinadrip Irrigation Equipment Co. Ltd, Antelco Pty Ltd, Irritec S.P.A, and Kothari Agritech Private Limited

Report Description: https://evolvebi.com/report/drip-irrigation-market-analysis/

Segmental Analysis
Global Drip Irrigation Market By Emitter Type (Inline, Online, Others), By Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops, Others), By Application (Surface, Subsurface, Others), By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories, Others)

Based on Type, the Drip Irrigation market is segmented into Emitter Type, includes Inline Emitters, Online Emitters. The drip irrigation market's highest revenue share was recorded by the inline emitters segment. Drip emitters are placed straight into the tubing at uniform intervals throughout the inline drip tubing production process. Usually, two holes are bored into the tubing at a certain location for each emitter so that the water can drop through them.
Based on Application, the Drip Irrigation market is segmented into Surface and Subsurface. The drip irrigation market revenue share that was biggest in 2021 was recorded by the surface drip segment. The inexpensive installation and maintenance costs of surface drip irrigation systems are the reason behind their increasing demand. device for surface drip irrigation that is widely used for both annual row crops and perennials like vines and trees.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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