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 the 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 this 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 of an estimated at US$ 85 Million to provide advanced irrigation systems. According to this research, Global Drip Irrigation Market will be to US$ 9.4 Billion by 2027.
This report titled “Drip Irrigation Market, Global Forecast by Type (Corn, Cotton, Tomato, Potato and Other Crops), Application (Agriculture, Landscape, Greenhouse & Others), Regions (United States, China, Egypt, India, Turkey, Saudi Arabia, Pakistan, Iran, Tunisia and Rest of World), Company Analysis (Jain Irrigation System Limited, Lindsay Corporation, The Toro Company & Valmont)” provides an all-encompassing analysis on the Global Drip Irrigation Industry.
Type
1. Corn
2. Cotton
3. Tomato
4. Potato
5. Other Crops
Application
1. Agriculture
2. Landscape
3. Greenhouse
4. Others
Regions
1. United States
2. China
3. Egypt
4. India
5. Turkey
6. Saudi Arabia
7. Pakistan
8. Iran
9. Tunisia
10. Rest of World
All the Companies have been studied from Three Points
- Overview
- Recent Developments
- Sales
Company Analysis
- Jain Irrigation System limited
- Lindsay Corporation
- The Toro Company
- Valmont
What is the estimated value of the Drip Irrigation Market?
What is the growth rate of the Drip Irrigation Market?
What is the forecasted size of the Drip Irrigation Market?
Who are the key companies in the Drip Irrigation Market?
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 4.6 Billion |
| Forecasted Market Value ( USD | $ 9.4 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
Table of Contents
Companies Mentioned
- Jain Irrigation System limited
- Lindsay Corporation
- The Toro Company
- Valmont
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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