According to our latest market study on " Drip Irrigation Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Emitter Type, Application, and Type," the market is expected to grow from US$ 9,287.67 million in 2021 to US$ 23,313.57 million by 2028; it is estimated to grow at a CAGR of 13.92% from 2022 to 2028.
Micro-irrigation, which involves applying continuous drips or tiny streams of water to the soil surface, is gaining popularity among large-scale irrigation communities due to its high efficiency in watering crops. The demand for micro-irrigation systems is increasing as growers become more concerned about food security and water scarcity. This method of direct water application to the root zone minimizes losses caused by evaporation and percolation. In Colorado orchards, the demand for micro-sprinkler irrigation has risen due to its potential to increase crop yield and efficiency while reducing labor requirements. Compared to gated pipe and furrow irrigation methods, micro-sprinkler irrigation reduces water usage in orchards by 30%.
The global demand for micro-irrigation technology has been driven by the increasing need to conserve water since agriculture irrigation accounts for 70% of water usage worldwide and over 40% in OECD countries, according to the Organization for Economic Co-operation and Development. Micro-irrigation systems are highly efficient, achieving up to 95% efficiency, and are suitable for all soil types, crops, and farm sizes. In the Middle East, these systems are being used to grow wine grapes, tree nuts, and avocados. N-Drip is a unique gravity-powered micro-irrigation system designed by international water experts to help farmers who cannot afford the high operating expenses of drip irrigation. This system, currently manufactured in Northern Israel, reduces water usage by 50% or more and increases yield by approximately 40%, overcoming the challenge of water wastage through evaporation and crop stress caused by flood irrigation. The surging demand for zero-carbon, technologically advanced micro-irrigation systems that are compatible with existing field infrastructure and suitable for farms of all sizes is driving the growth of the global drip irrigation market.
Impact of COVID-19 Pandemic on APAC Drip Irrigation Market
In May 2020, a webinar was hosted by the World Bank, the International Commission on Irrigation & Drainage (ICID), and the 2030 Water Resources Group to explore ways to achieve economic recovery during the pandemic period. Participants from various countries, including Indonesia, Australia, India, Italy, Rwanda, South Africa, Mali, Mexico, Dominican Republic, and Argentina, shared the measures they implemented in response to the pandemic. Global investments in the irrigation sector have improved the livelihoods of farmers and growers, as seen in the construction of the Centenario Channel in Mexico, which provided funds and infrastructure to farmers for food crop production. In Mali, the emphasis was on irrigation and food production to ensure food stability during and after the pandemic, while in Indonesia, the promotion of drip irrigation techniques and the revitalization of low-lying agricultural areas have aided small-scale farmers with affordable and automated irrigation systems to recover from the pandemic's negative effects.
Based on component, the drip irrigation market is segmented into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. In 2021, the emitters segment led the market with the largest share. Based on emitter type, the drip irrigation market is segmented into inline and online. In 2021, the online segment held a larger market share. Based on application, the drip irrigation market is segmented into agriculture, greenhouse, and others. In 2021, the agriculture segment accounted for the largest share of the market. Based on type, the drip irrigation market is segmented into surface and subsurface. In 2021, the subsurface segment held a larger market share. The drip irrigation market, by geography, is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share of the global drip irrigation Market.
Key Findings of Study:
The drip irrigation market ecosystem comprises of various stakeholders such as raw material suppliers, drip irrigation manufacturers, and end users. Raw material suppliers play a vital role in this market. Key drip irrigation system manufacturers include Jain Irrigation, Lindsay Corp, Netafim, Rain Bird Industries, and Hunter Industries. The primary end users of these systems are agriculture and greenhouse sectors, among others. Some of the significant players in the drip irrigation market include Chinadrip Irrigation Equipment Co., Ltd., Hunter Industries, Irritec S.P.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Microjet, Netafim, Rain Bird Corporation, Rivulis, and The Toro Company. Apart from technological advancements and automation, government initiatives, funding, partnerships, and collaborations between drip irrigation providers and original equipment manufacturers (OEMs) are expected to offer substantial growth prospects for companies aiming to enter the drip irrigation market.
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