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Drip Irrigation Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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Global Drip Irrigation Market Overview According to Renub Research, the global drip irrigation market is projected to reach USD 10.81 billion by 2028. Irrigation is the artificial application of water to land, a crucial aspect of agriculture due to unreliable or limited natural water sources like rain and floods. Drip irrigation, regarded as the most efficient technique, enables precise and uniform distribution of water and nutrients, making it particularly useful in areas prone to climate change impacts, such as seasonal droughts. The increasing adoption of micro-irrigation systems, technological advancements in agriculture, and growing awareness of modern farming techniques are driving the demand for drip irrigation systems.

Market Trends and Factors The adoption of drip irrigation systems offers several benefits, such as efficient water usage, reduced fertilizer requirements, and enhanced soil productivity. This irrigation method is ideal for areas with permanent or seasonal water scarcity, as it delivers water directly to plant roots, minimizing waste and evaporation losses. Implementing drip irrigation requires investment in maintenance and proper management of water flow, with components like drip tape or tubing needing careful upkeep to avoid leaks or blockages. The global drip irrigation market was valued at USD 6.14 billion in 2022 and is expected to grow at a CAGR of 9.89% from 2022 to 2028.

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Drip Irrigation Companies and Industry Developments Key players in the drip irrigation market are investing heavily in technology and infrastructure to improve their products and services:

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  • Lindsay Corporation: In January 2024, Lindsay Corporation announced plans to invest over USD 50 million in its largest global manufacturing facility over the next two years. Additionally, in May 2023, Lindsay Corporation and Pessl Instruments announced a strategic partnership to combine field monitoring systems with Lindsay’s remote irrigation management platform.
  • Toro Company: In January 2024, Toro’s Transpira™ received the 2023 New Product of the Year Award in the Agriculture Irrigation Category from the Irrigation Association, showcasing Toro’s commitment to innovation and sustainability. In February 2022, Toro expanded its Aqua-Traxx Azul drip tape range, offering ultra-low-flow options for improved irrigation uniformity and greater filtration area.
  • Valmont Industries: In July 2023, Valmont Industries entered into an agreement to acquire HR Products, a leading wholesale supplier of irrigation parts in Australia. This expands Valmont’s geographic footprint and parts presence in a key agriculture market. In January 2023, Valmont signed a supply agreement to provide irrigation equipment for African agricultural projects, addressing food security concerns and supporting national agricultural investments.
  • Alamo Group: In October 2023, Alamo Group acquired Royal Truck & Equipment, Inc., enhancing its position in the highway safety equipment market.
  • AGCO: In May 2021, AGCO and Bosch BASF Smart Farming initiated trials for a Smart Spraying Solution to improve yields and efficiency for farmers. In February 2023, AGCO launched SimplEbale, an electronic monitoring system for small square balers, set to be commercially available in 2025.
  • Water Scarcity: Drip irrigation addresses water scarcity by delivering water directly to plant roots, reducing waste and conserving water resources.
  • Improved Crop Yield: Drip irrigation enhances crop yield and plant health by providing nutrients and water where they are needed most, promoting sustainability and reducing carbon emissions.
  • Reduced Labor Costs: Drip irrigation systems are more efficient and require less labor compared to traditional irrigation methods, boosting productivity.
  • Government Incentives: Various governments worldwide offer incentives, subsidies, tax breaks, and technical assistance to encourage the adoption of drip irrigation systems.

Market Segmentation By crop type, the drip irrigation market is segmented into field crops, fruit and nuts, vegetable crops, and others. Field crops hold the largest market share due to their extensive cultivation on large, flat land areas ideal for drip irrigation.

By component, the market is divided into emitters, pressure pumps, drip tubes, filters, valves, and others. Drip tubes play a significant role in the drip irrigation industry, as they are integral to delivering water to plant roots.

By application, the market includes agricultural irrigation, landscape irrigation, greenhouse irrigation, and others. Agricultural irrigation leads the market, driven by the need for modern, efficient irrigation systems to meet growing food demands.

Geographic Insights By region, the global drip irrigation market encompasses North America, Asia Pacific, Europe, and the rest of the world. North America is a significant player, with the industry expanding due to increased demand for water-efficient irrigation techniques. The Asia-Pacific region also holds a substantial market share, with countries like China and India experiencing rapid growth in drip irrigation adoption due to water scarcity and government promotion of efficient irrigation methods.

Company Analysis Leading companies in the drip irrigation market include Lindsay Corporation, Toro Company, Valmont Industries, Alamo Group, and AGCO. These companies offer a wide range of drip irrigation solutions, contributing to the market’s growth and development.

 

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Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

 

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