Drip Irrigation Market By Type, Companies, Global Forecast

February 16, 2021
Renubresearch

Drip irrigation is a new revaluation in the agriculture sector. In this technology, water is applied very close to crops. So that only part of the soil in which the roots grow is wetted. Drip irrigation is the most productive water and nutrient delivery system for growing crops. The rise in government funding globally and worldwide shrinking of groundwater sources have fuelled the drip irrigation system’s demand in the major crop-producing countries, such as The United States, Brazil, India, China and Egypt. The development and urbanization of sporting infrastructure in the water-deficient Middle East region have benefited the global irrigation market in recent years. According to Renub Research, the Global Drip Irrigation Market was US$ 4.6 Billion in 2020 and is estimated to grow with double digits CAGR of 10.82% from 2020 to 2027.

The drip irrigation system is very beneficial for growing fruits, vegetables, turf & lawns, orchard crops. However, in recent years, its use in the field, such as wheat, corn potato, tomato, sugarcane, and cotton, has also been productive. Asia Pacific region has witnessed a dramatic shift from installing basic irrigation facilities to the adoption of precision irrigation systems through technology. At the same time, North America and Europe attribute to the growing acceptance of centre pivot sprinkler. The lateral move in irrigation systems and farmers’ awareness of the cost and productivity benefits from the micro-irrigation system helps this industry grow many folds.

The global Drip Irrigation is highly competitive with few giants and many small players across the globe. Moreover, the government supports the local manufacturers in developing countries such as India and China have increased the competition in the market. In Aug. 2020, Israeli precision irrigation solution firm Netafim announced that it had made a deal with 35,000 farmers in India with estimated at US$ 85 Million to provide advanced irrigation systems. According to Renub Research, Global Drip Irrigation Market will be to US$ 9.4 Billion by 2027.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Article Categories:
BUSINESS

Leave a Comment