Press release
Drip Irrigation Market to Reach USD 14.18 Billion by 2030 with 10.7% CAGR
Drip Irrigation Market
The global drip irrigation market is anticipated to grow significantly, reaching USD 14.18 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing adoption of sustainable agricultural practices and the need for efficient water management solutions.
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Competitive Landscape and Regional Demand
The market features prominent players such as Hunter Industries and Lindsay Corporation, who are instrumental in driving innovation and competition.
Regionally, the Asia-Pacific market is anticipated to reach USD 25 billion by 2025, with countries like China, India, and Japan leading in agricultural production and consumption.
Drip Irrigation Market Country-Specific Developments
Drip Irrigation Opportunities in Vietnam
Vietnam's mergers and acquisitions market is projected to experience a boom in 2025, creating potential opportunities for growth in the drip irrigation sector.
Drip Irrigation Growth in Thailand
Thailand's robust agricultural industry is increasingly adopting drip irrigation systems to enhance crop yields and water efficiency.
Drip Irrigation Trends in Japan
Japan's focus on advanced farming technologies is driving the integration of drip irrigation to improve agricultural productivity.
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Drip Irrigation Consolidation in South Korea
South Korea is witnessing consolidation in its agricultural sector, with companies enhancing their capabilities in irrigation technologies.
Drip Irrigation Updation in Singapore
Singapore's emphasis on urban farming is leading to the adoption of innovative irrigation solutions, including drip irrigation systems.
Drip Irrigation Advances in the United States
The U.S. agricultural industry is incorporating advanced irrigation technologies to meet the growing demand for efficient water use.
Drip Irrigation Developments in China
China's rapid expansion in agricultural production is boosting the demand for drip irrigation to achieve water conservation and higher yields.
Drip Irrigation Innovations in Europe
European countries are investing in research to develop sustainable irrigation practices, aligning with the region's environmental policies.
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Key Recent Developments
In 2020, Lindsay Corporation announced the acquisition of Net Irrigate, LLC, an agriculture Internet of Things technology company, that provides remote monitoring solutions for irrigation customers.
These developments underscore the dynamic nature of the drip irrigation market, with continuous advancements aimed at improving agricultural efficiency and sustainability globally.
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Drip Irrigation Market Segmentation Analysis
byComponent
Valves
Pressure Gauge
Filters
Emitters
Drip Tube
Others
by Application
Agriculture
Landscapes
Greenhouse
Others
by Crop Type
Fruits and nuts
Vegetable crops
Field crops
Others
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what is drip irrigation
Drip Irrigation is an example of a micro-irrigation method where water is delivered to the roots of plants through a system of tubes, pipes, and emitters. This system uses water that is slowly applied to the soil directly at the roots of the plants. It resembles natural raindrops. The word "drip", which is the method of water dripping onto the soil, comes from this.
For drip irrigation to be possible, different…
Drip Irrigation Market 2021 | Detailed Report
The Drip Irrigation research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Drip Irrigation research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
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