14.11% CAGR in Drip Irrigation Systems Market | 17,000+ Technavio Reports

Drip Irrigation Systems Market Driver and Challenge Analysis
The growing focus on the efficient use of natural resources is identified as one of the major factors driving the growth of the market. End-users are increasingly using water-efficient irrigation systems such as drip irrigation systems. Drip irrigation systems ensure the proper application of water to the soil for germination. They help optimize the air and water balance in the soil to maintain better soil conditions for root development. The water-saving benefits offered by drip irrigation systems help end-users conserve water and ensure the efficient use of natural resources. In addition, other factors such as benefits offered by drip irrigation systems and growth in preference for certified drip irrigation systems are also expected to fuel the market growth positively during the forecast period.

However, the high initial cost and maintenance cost will be a major challenge for the drip irrigation systems market vendors. End-users must ensure that the drip tapes are not damaged during operation; they must be carefully placed based on the cultivation practices. They have to re-arrange the drip irrigation system for crop rotation. This increases the maintenance cost of drip irrigation systems. This is further expected to hinder the market growth during the forecast period. In addition, other factors such as growing threat from substitute irrigation systems and surging filtration and clogging issues are likely to limit the market growth during the forecast period.

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Drip Irrigation Systems Market Segment Analysis
The drip irrigation systems market is segmented by end-user (Agriculture and Others), dripper type (inline and online), and geography (North America, APAC, Europe, South America, and MEA). The agriculture segment held the largest drip irrigation systems market share in 2020 and is likely to dominate the market growth during the forecast period. The demand for food products is continuously rising due to the increase in the global population. Therefore, farmers are increasingly opting for efficient irrigation systems to meet the growing demand while ensuring the controlled use of water in fields.

The inline dripper type segment will exhibit a growth rate faster than that of the overall market. Inline drip irrigation systems are mainly used in field crops, greenhouses, dense orchards, and for underground irrigation in agriculture and lawn.

In terms of geography, 34% of the overall market growth originated from North America. The US and Canada are the key markets for drip irrigation systems in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

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Drip Irrigation Systems Market Segment Scope
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Drip Irrigation Systems Market Sizing
Drip Irrigation Systems Market Forecast
Drip Irrigation Systems Market Analysis

Drip Irrigation Systems Market Vendor Analysis
The drip irrigation systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. In March 2021, The Toro Co. acquired Left Hand Robotics, Inc. to support next-generation technologies, including alternative power, smart connected drip irrigation systems.

The drip irrigation systems market report also offers information on several market vendors including:

• DIG Corp.
• Jain Irrigation Systems Ltd.
• Lindsay Corp.
• Mahindra and Mahindra Ltd.
• Netafim Ltd.
• Orbit Irrigation Products LLC
• Rain Bird Corp.
• Rivulis Irrigation Ltd.
• The Toro Co.
• Valmont Industries Inc.

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