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Market Research Report

Drip Irrigation Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-209 Category: Miscellaneous

Global Drip Irrigation Market Overview

Drip irrigation is the most effective method to use minimum quantity of water for higher yield. The aim was to enable small-scale and poor farmers to utilize efficiently marginal quantities of water and to cultivate home gardens and other land for the production of food needed for the family and some trade. Various field trials and research projects were implemented to give answers to key questions on the suitability and profitability of these techniques on a sustainable commercial basis for the millions of poor small farmers around the world. In drip irrigation, water is supplied separately to each plant in small, frequent and precise quantity through dripper emitters.

                           Drip Irrigation Market Demand & Opportunity

Market Size & Forecast

Global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2023 witnessing a promising compound annual growth rate of 10.5% over the forecast period i.e.2016-2023 owing to the government initiatives to promote the drip irrigation systems.

Geographically, Asia Pacific accounted for the highest market share of 52% by the end of 2015; the market is anticipated to be the most attractive market in terms of market growth, witnessing a compound annual growth rate of 13% over the forecast period.

Europe market for drip irrigation system is expected to expand at a compound annual growth rate of 8.8% over the forecast period i.e. 2016-2023 owing to reduced arable land due to growth of industrialization in the region, government of European countries are taking initiatives to promote drip irrigation system in farms to boost the crop yield. Further, agricultural irrigation segment is anticipated to hold the largest market share followed by greenhouse irrigation over the forecast period owing to the increasing water scarcity, high production requirement and increasing adoption of irrigation tools in agricultural sector.

The water discharge pattern in these systems can be modified as per specific plant water requirements. Drip irrigation saves the water as the system irrigates the plant with controlled amount of water and enables the user to utilize saline water resources. Drip irrigation can be effectively used in barren lands, rolling topography, undulating terrain, barren lands, and areas with shallow soil layers.

Demand Analysis By Market Segmentation

By Component         

Deep dive industry analysis has been carried out on the following component segments:-

  • Emitters
  • Pressure Gauge
  • Drip Tube
  • Valves
  • Filters
  • Others

By Application

By application, the global drip irrigation system market is analyzed on the following application:-

  • Agricultural Irrigation
  • Landscape Irrigation
  • Greenhouse Irrigation
  • Others

By Crop Types

  • Field Crops
  • Vegetable corps
  • Orchard Crops
  • Vineyards
  • Rest Crops

By Region

Global Drip Irrigation Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa)

Growth Drivers and Challenges

Rise in the global population has led to strong demand for agricultural products, this has further created the demand of large scale production in agricultural sector by the use of limited water resources, and this will further propel the demand of drip irrigation system across the globe.

Growing environmental concerns along with the global water shortage is anticipated to be the major factor behind the strong demand of effective irrigation system over the forecast period i.e. 2016-2023.

Drip irrigation system has resulted in to increased crop yield and better quality product by reducing soil erosion and low weed growth, farmers across the globe are adopting the drip irrigation system to improve the yield of crops with minimum use of water, and these factors are anticipated to shape the drip irrigation market over the forecast period.

High initial cost of system installation along with the sophisticated level of management is expected to hinder the market growth particularly in developing countries.

Key Players

  • The Toro Company (U.S.)
  • Jain Irrigation Systems Ltd. (India)
  • Rain Bird Corporation (U.S.)
  • Hunter Industries (U.S.)
  • Lindsay Corporation (U.S.)
  • EPC Industries Limited (India)
  • Netafim Limited (Israel)
  • Nelson Irrigation Corporation (U.S.)
  • Valmont Industries, Inc. (U.S.)
  • T-L Irrigation (U.S.)

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Component Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Crop Type Market Size & Y-O-Y Growth Analysis

By Regions

Global Drip Irrigation market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                   Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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