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Drip Irrigation Market worth $9.3 Billion by 2025 | Key Players are Lindsay Corporation, Rain Bird Corporation, Elgo Irrigation Ltd., Antelco Pty Ltd.

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Drip Irrigation Market worth $9.3 Billion by 2025 | Key Players are Lindsay Corporation, Rain Bird Corporation, Elgo Irrigation Ltd., Antelco Pty Ltd.

January 27
12:06 2022
Drip Irrigation Market worth $9.3 Billion by 2025 | Key Players are Lindsay Corporation, Rain Bird Corporation, Elgo Irrigation Ltd., Antelco Pty Ltd.
The drip irrigation market is estimated to be valued at USD 9.3 billion by 2025, from USD 5.5 billion in 2020, at a CAGR of 10.8% during the forecast period.

The global Drip Irrigation Market is projected to grow from USD 5.5 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 10.8%. The rise in the popularity of drip irrigation solutions can be attributed to government initiatives, water conservation activities, enhancement of production, and a decrease in production cost. Markets such as China and India are among the key markets targeted by drip irrigation manufacturers and distributors due to the large agriculture sector driven by regional demand and exports that are adopting drip irrigation services in the region.

Drip Irrigation Market

Opportunity: Increasing adoption of precision agriculture and sustainable practices

Commercial horticulturalists have been consistently trying to use resources to maximize profits, of which precision farming and sustainable agriculture plays a key role. Considering the rising production cost, farmers are trying to implement drip irrigation to increase irrigation efficiency and crop productivity. There is an emerging trend for an increase in greenhouse vegetable production. An increase in acreage under protected farming systems is expected to drive the drip irrigation systems market. The use of drip irrigation reduces environmental degradation and minimizes groundwater table depletion. It is considered sustainable, as the water usage rate is at gallons per hour instead of gallons per minute, which also reduces evaporation and runoff. Growing awareness, regulatory reforms, and agricultural policy for sustainably produced foods would contribute to the growth of the drip irrigation market.

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Ease of installation and higher levels of efficiency drive prospects for inline emitters in the drip irrigation market.

The market is segmented on the basis mode of emitter type into inline and online emitters. Inline emitters are usually present within the laterals with equal spacing. Inline emitters may be flat boat-shaped, cylindrical, or may be attached to the inner wall of the lateral. Inline emitters are usually used for row crops or field crops such as onion, chili, potato, turmeric, vegetables, sugarcane, and cotton. They are prepared from superior-quality linear low-density polyethylene material. They help provide maximum resistance against clogging. Inline emitters are suitable for surface irrigation and subsurface irrigation.

High costs and increasing demand for cash crops in regional and export markets drive the growth for surface drip irrigation systems.

In terms of application, the market is segmented into surface and subsurface systems. Well-designed irrigation equipment is capable of enhancing the agricultural production and reassures economic vitality of the farmer. Operational agronomical practices are essential components of an irrigation system. Surface drip irrigation equipment is widely used to irrigate perennial crops (trees and vines), vegetable crops and annual row crops. Surface equipment utilizes water, which is applied over the soil by drip tubes or laterals.

Asia Pacific is projected to account for the largest market size during the forecast period

The Asia Pacific drip irrigation market is estimated to be the largest between 2020 and 2025 and is projected to grow at the highest CAGR. Asia Pacific was the largest consumer of drip irrigation in 2020. The region is marking a dramatic shift from the installation of basic irrigation facilities to the adoption of precision irrigation systems through technological upgrading. The focus of agriculture has shifted from traditional crops to more commercial crops. Due to these changes, irrigation facilities are expected to modernize their irrigation management and preferably their infrastructure. Drip irrigation has become an essential aspect as commercial crops are sensitive to the amount of water required and the time taken for its delivery.

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Key Market Players:

The key drip irrigation manufacturers in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), KSNM Drip (India), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US). These players are undertaking a strategy involving new product launches, acquisitions, and collaborations & agreements to improve their market position and extend their competitive advantage.

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