Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Drip Irrigation Market size is expected to reach $8.9 billion by 2028, rising at a market growth of 9.4% CAGR during the forecast period.
The Subsurface market is estimated to witness a CAGR of 11.3% during (2022 - 2028). Sub-surface irrigation is a more complex and uncommon technique that utilizes narrow, 2-centimeter-long plastic tubes. These are embedded in the soil at a depth of 20 to 50 cm, sufficiently deep so as not to impede normal cultivation or traffic. The tubes are either porous entirely or fitted with emitters or perforations at regular intervals. If the tubes are permeable, they release water along their whole length. If equipped with emitters, they only discharge water at designated points.
The Field Crops market acquired maximum revenue share in the Global Drip Irrigation Market by Crop Type in 2021; thereby, achieving a market value of $3.9 billion by 2028. The rise in the growth of the market is owing to the rapidly increasing popularity of this technology within field crops. Drip irrigation is gaining popularity among growers of field crops as a result of its crop-specific application, hence delivering more advantages, such as increased profit margins, decreased expenses, and decreased fertilizer and water requirements.
The Drip Mainlines/Drip Tubes market is generating the Global Drip Irrigation Market by Component in 2021; thereby, achieving a market value of $2.6 billion by 2028. The expansion of drip mainlines/drip tubes is facilitated by the use of modern, eco-friendly raw materials and simple installation. The drip tube is a crucial component of drip irrigation. In addition, the usage of drip tapes and drip lines manufactured from recycled materials has increased in a number of places throughout recent years. The increased government backing and the expanding number of field crops are also anticipated to contribute to the growth of this segment of the market.
The Asia Pacific market dominated the Global Drip Irrigation Market by Region in 2021; thereby, achieving a market value of $3.3 billion by 2028. The Europe market is estimated to witness a CAGR of 9.2% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 8.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/drip-irrigation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Orbia Advance Corporation (Netafim Ltd.), The Toro Company, NDS, Inc. (Norma Group), Jain Irrigation Systems Limited, Lindsay Corporation, Irritec S.p.A, Rivulis Private Limited (Temasek Holdings), Hunter Industries, Inc., Rain Bird Corporation and DripWorks, Inc.
By Crop Type
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