Global Drip Irrigation Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Japan, Japan, Mon, 18 Oct 2021 06:46:11 / Comserve Inc. / -- According to the MarkNtel Advisors' research report, "Global Drip Irrigation Market Analysis, 2021," the market is likely to grow at a CAGR of around 10.5% during 2021-26.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

Drip Irrigation is also known as trickle irrigation, is a form of irrigation that delivers water and nutrients directly to the plant's roots zone through a system of tubing, pipes, valves, and emitters, thus saves water and fertilizers. According to the MarkNtel Advisors' research report, "Global Drip Irrigation Market Analysis, 2021," the market is likely to grow at a CAGR of around 10.5% during 2021-26.

Drip irrigation is witnessing robust growth due to the numerous initiatives taken by the government, including awareness programs and subsidies to promote drip irrigation owing to growing concerns toward water crisis and surging technological advancements in irrigation facilities to enhance crop yield. Moreover, bolstering agricultural activities due to rapidly increasing population, snowballing inclination toward precision agriculture methods, and soaring demand for drip irrigation in drought-prone areas are factors likely to contribute to the market growth in the forecast period.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Drip Irrigation Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Emitter/Dripper Attain Highest CAGR
Based on Component, Emitter/Dripper is likely to attain the highest CAGR in the Global Drip Irrigation market during 2021-26. These devices control the release of water from the lateral to plants. The increasing development of advanced emitter designs by market players and rising demand for emitters in residential & commercial drip irrigation are factors propelling the market growth, reveals MarkNtel Advisors in their research report, "Global Drip Irrigation Market Analysis, 2021."

Field Crop Acquired Considerable Market Share
Based on Crop Type, Field Crop acquired a considerable market share in the Global Drip Irrigation market in the previous year due to a robust growing population owing to rapid urbanization and surging prices of field crops shifting the farmer's focus toward producing corn, sugarcane, and cotton. Moreover, reduced arable land has further propelled the demand for drip irrigation as it consumes less water & energy.

Asia-Pacific Accounted for the Largest Market Share
Asia-Pacific accounted for the largest market share in the Global Drip Irrigation market in the previous few years. India and China dominated the Asia-Pacific region due to the rising support by the government through subsidies & incentives, increasing demand for drip irrigation for producing vegetables & fruits, and burgeoning depletion of groundwater resources. As per Agriculture Road Map 2017-22, the Indian government aims to extend the drip irrigation method to at least 2% of the cultivated area. Besides, rising government inclination toward the green revolution and burgeoning efforts to improve crop quality can further fuel the demand for drip irrigation.

Burgeoning Government Initiative to Promote Drip Irrigation
Due to the increasing depletion of water resources, the government is taking continuous steps through subsidies and incentives to promote awareness among people regarding drip irrigation. The burgeoning usage of water in agriculture, leading to the water crisis, has encouraged the government to introduce water-efficient irrigation technologies like drip irrigation for agriculture & non-agriculture purposes. Hence, this is further likely to fuel the market growth.

According to MarkNtel Advisors, the major leading players in the global Drip Irrigation market are EPC Industries Limited, Driptech Incorporated, Microjet Irrigation Systems, Rain Bird Corporation, Rivulus Irrigation, Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Valmont Industries, T-L Irrigation Company, Reinke Manufacturing Company, Inc., ELGO Irrigation Limited, Hunter Industries Inc., etc.

Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Drip Irrigation Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Drip Irrigation Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in Global Drip Irrigation Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Drip Irrigation Market study?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Drip Irrigation Market
5. Global Drip Irrigation Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis

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