Yahoo Finance Drip Irrigation Market to Reach USD 9.37 Billion by 2026 | Fortune Business Insights™
Key companies covered in the drip irrigation market are Lindsay Corporation, Jain Irrigation Systems Ltd., Rivulis Irrigation Ltd., Rain Bird Corporation, Sistema Azud, Netafim Limited, The Toro Company, Elgo Irrigation Ltd., Chinadrip Irrigation Equipment Co. Ltd., Metzer Group, Antelco Pty Ltd. and more players profiled
Pune, India, Aug. 31, 2021 (GLOBE NEWSWIRE) -- The global drip irrigation market size is projected to reach USD 9.37 billion by the end of 2026. The increasing number of farming activities will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Drip Irrigation Market Size, Share & Industry Analysis, By Component (Emitters, Drip Tubes/Drip Lines, Pressure Pumps, Filters, Valves, and Others), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Surface and Subsurface), and Regional Forecast, 2019 – 2026,” the market was worth USD 4.63 billion in 2019, exhibiting a CAGR of 9.3% during the forecast period.
Drip irrigation is used across several agricultural practises for water distribution purposes. The ability of a drip irrigation system to minimize water wastage as well as maximize the amount of nutrient consumed by the crops, is a major factor why this concept has gained massive popularity in recent years. The massive investments in the R&D of new products will constitute an increase in the overall drip irrigation market size in the coming years. The presence of numerous agricultural subsidies will contribute to the growing adoption of drip irrigation systems across the world.
Moreover, the emphasis on adoption of sustainable farming and agricultural practises will aid the growth of the market. The growing demand for a highly efficient agricultural produce will create a subsequent demand for drip irrigation systems across the world.
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List of Top Companies Covered in the Global Drip Irrigation Market Include:
Lindsay Corporation
Jain Irrigation Systems Ltd.
Rivulis Irrigation Ltd.
Rain Bird Corporation
Sistema Azud
Netafim Limited
The Toro Company
Elgo Irrigation Ltd.
Chinadrip Irrigation Equipment Co. Ltd.
Metzer Group
Antelco Pty Ltd.
Increasing Number of Product Launches Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has emerged in favor of market growth. Due to the constantly rising demand for drip irrigation systems across the world, several companies are looking to invest hugely in the development of advanced concepts.
The adoption of modern technologies has yielded a few exceptional products in recent years. In August 2019, Rivulis Irrigation announced the launch of a new product for drip irrigation system. The company introduced ‘Manna,’ a satellite based software solution which will be used in drip irrigation systems across the country. The company’s latest product will have a massive impact on the growth of the overall market in the coming years.
Browse Detailed Summary of This Research Report with TOC:
https://www.fortunebusinessinsights.com/drip-irrigation-market-102684
Asia Pacific to Emerge Dominant; Increasing Agricultural Activities to Aid Growth
The report analyzes the ongoing drip irrigation market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to generate the highest revenue in the coming years. The increasing number of farming and agricultural activities in several countries across this region will aid the growth of the market. As of 2018, the market in Asia Pacific was worth USD 2.08 billion and this value is likely to increase further in the coming years.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Emerging Trends
Key Insights
Overview of the Parent/Related Markets
Agriculture Irrigated Area Analysis
Industry SWOT Analysis
Supply Chain Analysis
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Global Drip Irrigation Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecast
By Component (Value)
Emitters
Drip Tubes/Drip Lines
Pressure Pumps
Filters
Valves
Others
By Application (Value)
Surface
Sub-surface
By Crop Type (Value)
Field Crops
Orchard Crops
Landscape & Turf
Others
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued…!
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Key Industry Developments:
November 2019: The government of Tamil Nadu, India, announced an increase in the subsidy amount for farmers who are engaged in drip irrigation-based sugarcane farming.
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