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The drip irrigation systems market size is forecast to increase by USD 3.35 billion, at a CAGR of 9.53% between 2023 and 2028. The growth rate of the market depends on several factors, such as the increase in government initiatives supporting sustainable agriculture practices, the benefits offered by drip irrigation systems, and the growing preference for certified drip irrigation systems.
The APAC market experiences robust growth driven by initiatives promoting water sustainability and the adoption of drip irrigation system. DIG Corp provides innovative solutions like the 410BT Bluetooth battery-operated irrigation controller, while DripWorks Inc offers a range of accessories, catering to the growing global market's convenience and consumer needs, influencing consumption trends. The market exhibits a positive growth rate, aligning with forecasts and analysis.
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Water is a critical input that can improve or hinder agricultural productivity. In addition, end-users are also developing a preference for using innovative methods of irrigation that ensure added cost benefits. Furthermore, this can be achieved using a drip irrigation system that provides controlled delivery of water.
Moreover, end-users can accurately apply the proper volume of water to optimize growth. In addition, the benefits of drip irrigation can also be seen throughout the growing cycle. Furthermore, this system provides better application of water to the soil for germination. In addition, with these systems, end-users can also optimize the air and water balance in the soil to maintain better soil conditions for root development. Hence, such factors are driving the market growth during the forecast period.
Manufacturers are emphasizing on developing drip irrigation system with enhanced features to ensure added benefits to end-users. In addition, some manufacturers have started offering these systems with automated controls by integrating sensors with the systems. Furthermore, sensors in such systems monitor the quality of water and fertilizer absorption by plants.
Moreover, the use of such automated controls in these systems helps minimize labor intervention and reduces wastewater generation. In addition, automated controls also help in reducing potential human errors during irrigation. Furthermore, by using timers in such systems, operators can set the time and ensure that plants never run out of water supply which helps end-users to save the time required for irrigation. Hence, such factors are driving the market growth during the forecast period.
Cost is one of the key factors impacting the adoption of drip irrigation systems. In addition, the high initial cost of drip irrigation system can hinder potential end-users from installing this system. Furthermore, a drip irrigation system costs 20% to 100% more than a pivot irrigation system.
Moreover, a pivot-irrigation system typically costs between USD800 to USD1,200 per hectare. In addition, the maintenance cost of a drip irrigation system is around 7% to 10% of the initial investment. Furthermore, crop rotation is difficult with such systems because of the pre-determined row spacing. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The agriculture segment is estimated to witness significant growth during the forecast period. Irrigation systems are one of the key aspects of agriculture. In addition, the demand for food products is continuously rising due to the increase in the global population. Thus, agriculture production must increase to meet the growing demand. Therefore, farmers are increasingly opting for efficient irrigation systems that ensure the controlled use of water in fields.
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The agriculture segment was the largest segment and was valued at USD 3.68 billion in 2018. Moreover, drip irrigation systems ensure a controlled water supply through small emitters in the tubes. In addition, the drip tubes can be placed above or below the ground to prevent evaporation. Furthermore, this system offers higher field application efficiency in crop fields compared with sprinkler irrigation systems. In addition, they also use less water for the growth of crops compared with surface irrigation systems. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the type, the market has been segmented into inline and online. The inline segment will account for the largest share of this segment. In this segment, drip emitters are inserted directly into the tubing at evenly spaced intervals. In addition, the drip lines in these systems are factory-fabricated at specific intervals, and the flow rates are customized to the specific needs of end users. Moreover, inline segment are mainly used in field crops, greenhouses, dense orchards, and underground irrigation in agriculture and lawns. In addition, some of the prominent companies that offer inline segment are Hunter Industries Inc. (Hunter Industries), Jain Irrigation Systems Ltd. (Jain Irrigation Systems), and DIG Corp. (DIG) Pressure-compensating drippers ensure uniform water discharge regardless of variations in pressure along with irrigation line, maintaining consistent water application across the entire field.
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APAC is estimated to contribute 38% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In APAC, China and India are examples of some of the prominent countries that have vast agricultural lands. In addition, across the region, some government agencies enter into agreements for the development of such irrigation systems. For example, On 9th May 2023, The Government of India and the Japan International Cooperation Agency (JICA) have inked a loan agreement for the JPY 18,894 million (roughly INR 1056 crore) Japanese Official Development Assistance loan intended for the Rajasthan Water Sector Livelihood Improvement Project (II). Furthermore, through increased water use and agricultural productivity, the project seeks to improve farmers' livelihoods and advance gender mainstreaming in Rajasthan's irrigation and agriculture sectors. Hence, such initiatives by the governments are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Golden Key Middle East FZE: The company offers drip irrigation system accessories such as irrigation drip tapes, PE Pipes, and adjustable online drippers.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AGRODRIP S.A., Astha Polymers Pvt Ltd., BC Hardscapes LLC, Hunter Industries Inc, Husqvarna AB, Irritec SpA, Jain Irrigation Systems Ltd., KSNM DRIP, Lindsay Corp., Mahindra and Mahindra Ltd., Nelson Irrigation Corp., Netafim Ltd., NORMA Group SE, Rain Bird Corp., Rivulis Irrigation Ltd., The Toro Co., and Valmont Industries Inc.
Technavio market forecast is an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Drip Irrigation Systems Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.53% |
Market growth 2024-2028 |
USD 3.35 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.94 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, Canada, China, Japan, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGRODRIP S.A., Astha Polymers Pvt Ltd., BC Hardscapes LLC, DIG Corp., DripWorks Inc., Golden Key Middle East FZE, Hunter Industries Inc, Husqvarna AB, Irritec SpA, Jain Irrigation Systems Ltd., KSNM DRIP, Lindsay Corp., Mahindra and Mahindra Ltd., Nelson Irrigation Corp., Netafim Ltd., NORMA Group SE, Rain Bird Corp., Rivulis Irrigation Ltd., The Toro Co., and Valmont Industries Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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