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.
Drip Irrigation Market Analysis
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.
Drip Irrigation Market Overview
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.
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Drip Irrigation Market: Strategic Insights
Market Size Value in US$ 9,287.67 million in 2021 Market Size Value by US$ 23,313.57 million by 2028 Growth rate CAGR of 13.9% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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Drip Irrigation Market: Strategic Insights
| Market Size Value in | US$ 9,287.67 million in 2021 |
| Market Size Value by | US$ 23,313.57 million by 2028 |
| Growth rate | CAGR of 13.9% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Drip Irrigation Market Drivers and Opportunities
Government Initiatives and Subsidies to Promote Drip Irrigation Systems Deployments to Favor Market
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.
Solar-driven Drip Irrigation Systems
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.
Drip Irrigation Market Report Segmentation Analysis
Key segments that contributed to the derivation of the drip irrigation market analysis are component, emitter type, application and type.
- Based on the component, the drip irrigation market is divided into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment held a larger market share in 2023.
- Based on the emitter type, the drip irrigation market is divided into inline and online. The online segment held a larger market share in 2023.
- By application, the market is segmented into agriculture, greenhouse, and others. The agriculture segment held a significant share of the market in 2023.
- By type, the market is segmented into surface and subsurface. The subsurface segment held a significant share of the market in 2023.
Drip Irrigation Market Share Analysis by Geography
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.
Drip Irrigation Market Report Scope
Drip Irrigation Market News and Recent Developments
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 Toro Company expanded its precision irrigation Toro Aqua-Traxx Azul product line. Ultra-low flow options have been added to improve the performance. (Source: The Toro Company, Press Release, March 2022)
- Rivulis Irrigation Ltd. opened its state-of-the-art factory in North America. This will expand the capacity of North American manufacturing. (Source: Rivulis Irrigation Ltd, Press Release, April 2022)
Drip Irrigation Market Report Coverage and Deliverables
The “Drip Irrigation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Drip irrigation market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Drip irrigation market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Drip irrigation market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the drip irrigation market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Emitter Type, Application, and Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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