Drip Irrigation Market is Growing at a Highest CAGR by 2028

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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 13.9% from 2022 to 2028.

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Top Key Players of this Market

  • Hunter Industries
  • Lindsay Corporation
  • Netafim
  • Rain Bird Corporation
  • The Toro Company
  • Chinadrip Irrigation Equipment Co., Ltd.
  • Microjet
  • Rivulis
  • Jain Irrigation Systems Ltd.

Irrigation technology providers have a huge potential to transform the unexplored agriculture sector of Africa by managing water scarcity issues and improving agricultural productivity. High solar radiation, favorable temperatures, and low atmospheric humidity create lucrative opportunities to gain a high agricultural yield in the region. Concerns regarding the performance of conventional irrigation systems are anticipated to propel the adoption of drip irrigation systems in Africa in recent years. Moreover, the growing incorporation of advanced technologies in small irrigation projects to mitigate adverse effects of climate change and increase resilience to droughts is projected to create substantial expansion possibilities for the drip irrigation market players in Africa.

Growing Adoption of Micro-Irrigation for Production of Various Crops

Micro-irrigation involves the application of continuous drips or tiny streams of water on the soil surface. Being the most efficient water application method for crops, the demand for micro-irrigation is growing across large-scale irrigation communities. Rising concerns regarding food security and water scarcity have increased the demand for micro-irrigation systems among crop growers. The direct application of water to the root zone minimizes the losses due to evaporation and percolation. The demand for micro-sprinkler irrigation has surged in Colorado orchards in recent years because of its potential to increase crop yield and efficiency, and decrease labor requirements. This method of irrigation reduces the water usage on orchards by 30% compared to gated pipe and furrow irrigation methodologies.

Market Segmentation

Drip Irrigation Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, and Others), Emitter Type (Inline and Online), Application (Agriculture, Green House, and Others), and Type (Surface and Subsurface)

Impact of COVID-19 Pandemic on Global Drip Irrigation Market

The COVID-19 pandemic has had complex and far-reaching impact on the global irrigation sector. Drip irrigation companies continued to operate despite challenging circumstances, such as fiscal constraints, supply chain interruptions, and labor shortages. Irrigation remains the prime focus for countries focusing on food security maintenance, production, employment, and climate resilience. The World Bank supports countries with critical investments in irrigation infrastructure and institutional reforms to achieve efficient water usage, thereby meeting sustainable development goals (SDGs). According to the World Bank Group, irrigated agriculture represents 20% of the total cultivated land and contributes 40% to the total food produced worldwide. A broader strategic approach by global irrigation practitioners, focusing on water-smart agriculture, helps agriculturists and farmers bounce back stronger.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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