The drip irrigation market size is projected to reach US$ 29,472.45 million by 2031 from US$ 12,089.83 million in 2023. The market is expected to register a CAGR of 11.8% during 2023–2031. The growing advent of solar-driven drip irrigation systems is likely to remain a key trend in the market.
Growing demands for a zero-carbon, technologically advanced micro-irrigation system that works well in farms of every size and can be installed using the existing field infrastructure are driving the growth of the global drip irrigation market. The evolution of the drip irrigation market is credited to several aids of drip irrigation, such as augmented plant productivity and improved quality, disease prevention by curtailing water contact with the leaves, reduced weed growth, and declined labor requirements.
The major stakeholders in the global Drip Irrigation market ecosystem include raw material suppliers, Drip Irrigation manufacturers, and end-users. The raw material supplier is a crucial stakeholder in the ecosystem of the Drip Irrigation market. The Drip Irrigation manufacturers are Jain Irrigation, Netafim, Lindsay Corp, Hunter Industries and Rain Bird Industries. The major end-users of the drip irrigation market include agriculture, greenhouses and others.
The governments of various developing countries like India decided to provide financial assistance to farmers and initiated an awareness campaign to encourage a maximum number of farmers to switch to drip and sprinkler irrigation methods. The government of Maharashtra, India, decided to increase subsidies to promote micro-irrigation schemes in 2021. Farmers are implementing novel technologies such as sprinkler irrigation, which significantly drives the progression of micro irrigation systems across Germany. Thus, the rising government focus on irrigation systems is acting as a major driver for the market.
The mounting amalgamation of advanced technologies in small irrigation projects to mitigate the hostile impacts of climate change and increasing instances of droughts is likely to create significant expansion possibilities for the drip irrigation market. The increasing consciousness regarding the advantages of drip irrigation for improving economic growth, a upsurge in private sector programs, and extended government fund facilities and loans to farmers to capitalise in these technologies are predicted to increase the drip irrigation market size from 2023 to 2031.
Key segments that contributed to the derivation of the drip irrigation market analysis are component, emitter type, application and type.
The geographic scope of the drip irrigation market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific is leading the market. Asia Pacific is a highly populated region across the world, having a higher demand for energy. APAC is one of the developing economic region with China and India. Japan is one of the most technologically advanced country in the region, supporting the development of a drip irrigation market. North America is a technologically advanced region. Smart technologies have witnessed high adoption in this region. These technologies, when integrated with drip irrigation systems, provide efficiencies to the end users. More deployments call for more competition in the region along with the growth of the entire market leading to market development and innovations.
The regional trends and factors influencing the Drip Irrigation Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Drip Irrigation Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 12,089.83 Million |
| Market Size by 2031 | US$ 29,472.45 Million |
| Global CAGR (2023 - 2031) | 11.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Drip Irrigation Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Drip Irrigation Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The drip irrigation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the drip irrigation market are listed below:
The “Drip Irrigation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Asia Pacific dominated the drip irrigation market in 2023.
The sustainable drip irrigation is the future trend of the Drip Irrigation market.
Hunter Industries, IRRITEC S.P.A., Netafim, Lindsay Corporation, Rain Bird Corporation, The Toro Company, Chinadrip Irrigation Equipment Co., Ltd., Microjet, Rivulis Irrigation Ltd., Jain Irrigation Systems Ltd. are some of the leading players in the market.
US$ 29,472.45 million estimated value of the drip irrigation market by 2031.
11.8% is the expected CAGR of the drip irrigation market.