How Soaring Production of Vegetable in the Greenhouse Agriculture is Driving Drip Irrigation Market?

Global Drip Irrigation Market is anticipated to attain a CAGR of 10.5% during (2021-26). Drip irrigation is among the most efficient type of irrigation as water and nutrient deliver directly to the growing crop due to which the water wastage is limited. Other advantages such as ease of installation, less expensive, and curbs disease problems. The factor associated with the market growth is an upsurge in government initiatives such as offering subsidies, the launch of an awareness program to promulgate the adoption of drip irrigation, and robust growth in the production of vegetables in greenhouse agriculture due to rapid urbanization. Besides this, propelling advancement in drip irrigation, the rising price of field crop, and the burgeoning presence of the small player in the market are the factors expected to fuel the growth of the Global Drip Irrigation Market in the forecast period.

Based on Crop Type, Vegetable Crop is experiencing robust growth on account of a robust growing populace, thus increased the need for a high yield crop. The propelling adoption of drip irrigation for vegetable production delivers fertilizers efficiently to the crops and helps in reducing plant disease, soil erosion, and nutrient leaching. Moreover, Field Crop acquired a considerable market share in 2019. This is due to a reduction in the arable land, rising water scarcity, and paradigm shift of farmer focus toward the production of corn, sugarcane, and cotton.  

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Based on Component, Drip Tubes/Drip Lines acquired the largest market share in 2019 as they are used to deliver water and other nutrient fluid to the plant and have pre-installed emitters. The tubes and lines are UV stabilized and are resistant to environmental forces as they are made out of polythene. Apart from this, Emitter/Dripper is expected to attain the highest CAGR during 2021-26. The increasing innovation by the market player for the development of advanced emitter and rising demand for emitter among residential and commercial drip irrigation.

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, Lidsay Corporation, The Toro Company, Valmont Industries, T-L Irrigation Company, Reinke Manufacturing Company, Inc., ELGO Irrigation Limited, Hunter Industries Inc, etc.