iCrowdNewswire Jan 18, 2021 8:57 AM ET
Global Drip Irrigation Market is projected to register a CAGR of 10.3% from 2019 to 2024 and reach a market value of USD 7.9 Billion by 2024. Drip irrigation is a method of irrigation, in which water is supplied to the roots of plants at a slower pace as compared to that of other irrigation methods. This method of irrigation offers several benefits such as reduced usage of fertilizers and water, increased crop yield, elimination of water logging caused by flood irrigation, and equal distribution of water to all crops in the field. Rising awareness about the benefits of drip irrigation and increasing adoption of modern farming practices are projected to fuel the growth of Global Drip Irrigation Market.
- Rivulis Irrigation Limited (Israel),
- Harvel Agua (India),
- EPC Industrie (India),
- Nelson Irrigation Corporation (US),
- Netafim Ltd (Israel),
- DripWorks, Inc. (US),
- The Toro Company (US)
- Microjet Irrigation Systems (South Africa)
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Based on emitter type, the market has been segregated into inline emitters and online emitters. The inline segment emitters are anticipated to account for a larger share of the market and expand at a high CAGR during the forecast period owing to considerable demand from farmers. Inline emitters are pre-installed, and hence they save a considerable amount of labour cost, which is expected to boost their demand during the study period.
Asia-Pacific is expected to dominate the global market, as agriculture is a primary occupation in several countries in the region. Moreover, rising demand for food has resulted in the necessity to increase the productivity, which is expected to propel the growth of the drip irrigation market in the region. North America is expected to account for a significant market share during the review period owing to the rapid expansion of the agricultural industry. Growing awareness among farmers about sustainable farming practices and high demand for drip irrigation systems to increase cultivation, especially of fruits drives the market in Europe.
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