Global Drip Irrigation Market - Analysis and Forecast (2021-2027)

1. Global Drip Irrigation Market

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3. Global Drip Irrigation Market The global Drip Irrigation market is anticipated to reach 9.3 billion USD by 2027, up from an expected 5.5 billion USD in 2020 at 10.8% CAGR for the said period. This growth of the Drip Irrigation market can be said, would be a result of factors such as water conservation activities, decreased production cost, government initiative and enhancement of production. Due to wide agricultural sector driven by exports adopting drip irrigation facilities and regional demand, markets like India and China are among the dominant markets targeted by manufacturers and distributers of drip irrigation. Most developing countries like India and China are among the major countries adopting the drip irrigation systems, and the key factor is the support from public-private partnerships and government agencies, through their prominent industry participants.

4. Global Drip Irrigation Market Based on Geography, the Drip Irrigation market is segmented into- a. North America – US, Canada b. Europe – Germany, UK, France, Italy, Spain, Rest of Europe c. Asia Pacific (APAC) – India, Japan, China, Rest of APAC d. Rest of the World The APAC’s drip irrigation market is expected to be the largest during the year 2020 and 2025 and is estimated to grow with the highest CAGR.

5. Global Drip Irrigation Market In 2020, APAC was the biggest consumer of drip irrigation market. This region is marking a significant shift from the installation of the basic irrigation facilities to the adaptation of the precision irrigation systems by upgrading technologically. The main focus of agriculture has moved to more commercial crops from traditional crops. Because of these changes, the irrigation facilities are expected to upgrade and modernize their irrigation management and also preferably their infrastructure. As commercial crops are very sensitive to the amount of water supplied and the time taken for water delivery, the drip irrigation has already become an essential aspect. In the drip irrigation market, the key players are adopting a strategy involving new product launches, collaborations & agreements and acquisitions to significantly improve their market position and also extend their competitive advantage dramatically.

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