“Global drip irrigation market projected to grow at a CAGR of 11.60%”
The global drip irrigation market is projected to reach a value of USD 6.54 billion by 2022, growing at a CAGR of 11.60% from 2017 to 2022. The global drip irrigation market is projected to grow exponentially due to factors such as government support, increase in competition among manufacturers, higher crop yield, and production cost savings. However, the drip irrigation market is still evolving with several manufacturers that are involved in developing lateral and emitter materials to eliminate the limitations caused by algal growth, root encroachment, and rodent infestation.
“Field crops segment dominated the drip irrigation market in 2016”
On the basis of crop type, the field crops segment dominated the drip irrigation market in 2016 due to the growing adoption of inline emitters for closely spaced crops such as corn, soybean, and pulses. The market growth for the field crops segment has been attributed to the enhancement in crop yield and quality as well as the key roles played by agricultural government bodies in water conservation efforts for this segment.
“Drip tubes/drip lines segment led the market with the largest share in 2016”
On the basis of components, drip tubes/drip lines accounted for the most widely used in the drip irrigation market in 2016, as these parts are required to be replaced every two to three years as against other components. The versatility of drip tubes/drip lines in surface and subsurface application has been an important factor in the strong market growth of the segment. Furthermore, drip tapes, which have been considered under this segment, also supported the segment’s growth as their lesser costs have been able to reduce the high initial investment of drip irrigation.
“Asia-Pacific is projected to grow at the highest rate”
The Asia-Pacific region is projected to be the fastest-growing market for drip irrigation market between 2017 and 2022. The Asia-Pacific market has been experiencing significant demand due to the exemplary performance of drip irrigation systems, which has established the path to undertake serious efforts in water conservation practices and infrastructure development for irrigation along with the adoption of good agricultural practices in the countries of Asia-Pacific.
The global drip irrigation market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Breakdown of profile of primary participants is as follows:
By Company Type: Tier 1 – 70 %, Tier 2 – 10%, and Tier 3 – 20%
By Designation: C level – 50%, Manager level – 25%, and Others – 25%
By Region: North America – 10%, Europe – 20%, Asia-Pacific – 40%, and RoW – 30%
The drip irrigation market is dominated by key players such as Jain Irrigation Systems Limited (India), Netafim Limited (Israel), Rain Bird Corporation (U.S.), The Toro Company (U.S.), EPC Industries Limited (India), Eurodrip S.A. (Greece), Hunter Industries Incorporated (U.S.), Rivulis Irrigation Limited (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Shanghai Huawei Water Saving Irrigation Corp., Ltd. (China), Antelco Pty Ltd (Australia), and Elgo Irrigation Ltd. (Israel).
This study estimates the global market of drip irrigation, in terms of value & area, till 2022, segmented on the basis of emitters, crop type, application, component, and region.
It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as investments & agreements, expansions, new product launches, and acquisitions to gain a larger share in the market.
It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues of the market.
It covers various important aspects of the market. These include analysis of the value chain, competitive landscape, market dynamics, market estimates in terms of value & area, and future trends in the drip irrigation market.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—supply chain analysis, patent analysis, competitive landscape mapping, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the drip irrigation market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on drip irrigation offered by the top players in the global drip irrigation market.
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the drip irrigation market.
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for drip irrigation across various regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global drip irrigation market.
• Competitive Assessment: In-depth assessment of the market share, strategies, products, and manufacturing capabilities of the leading players in the global drip irrigation market.