The Drip Irrigation Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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Drip irrigation is defined as the type of micro-irrigation system which applying small amounts of water as well as fertilizer uniformly across a specific area. It is the most actual method to the minimum quantity of water for higher yield. Numerous government initiatives to expand the drip irrigation market. For instance, in 2016, the government of the European Union and Eritrea has signed a deal of more than USD 22.4 million for drip irrigation system supply as well as installation deal. Therefore, it will affect the growth of drip irrigation market in future.
In May 2019, The Meltzer Group, Inc. (United States) Company has launched new ring connectors for its line of drip tapes. In addition, these new ring connectors are also available in four different variants and suitable for use in thin-walled pipes. Therefore, it would also help in the expansion of the product portfolio of the company in the future.
In February 2018, the Mexichem (Mexico) company, which is a diversified conglomerate with businesses in plastic piping, chemicals, as well as petrochemicals has acquired a majority stake in Netafim (Israel) company in a deal valued at more than USD 1.895 Billion. Hence, this would help in enhancing the customer base of the company.
Major Players are:
Jain Irrigation Systems Ltd. (India),Lindsay Corporation (United States),The Toro Company (United States), Netafim Limited (Israel), Rain Bird Corporation (United States), Chinadrip Irrigation Equipment Co. Ltd. (China),Elgo Irrigation Ltd. (Israel),Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia),EPC Industries (India),
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Type (Small Size Drip Irrigation, Large-Scale Drip Irrigation), Application (Surface, Subsurface), Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops, Other Crops), Emitter/Dripper Type (Inline, Online), Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, Others), End User (Agriculture, Public Parks, Gardens & Household Lawns, Sport Grounds, Others)
Major trends in the market include the growing preference for drip irrigation systems with improved features. For instance, in 2017, the Netafim (Israel) Company has developed advanced drip irrigation systems in order to create sustainable work in agriculture. In addition, it also improves the economic position of millions of smallholder farmers globally.
Government Programs and Subsidies Driving Acceptance of Drip Irrigation Systems
Efficiency in the Use of Water in Drought-Prone Areas
Cost Efficiency in Agricultural Production and Enhanced Crop Yields
Environmental Degradation of Equipment, Resulting in Additional Costs for Clean-Up and Disposal
Soil Salinity Hazards and Bioclogging in Drip Irrigation Systems
Increasing Adoption of Precision Agriculture and Sustainable Practices
Advancements in Technological Capabilities of Drip Irrigation Systems
Government Initiatives to Promote Drip Irrigation Systems
Years considered for this report:
- Historical Years: 2015-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2021-2026
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Drip Irrigation Market
Chapter 05 – Global Drip Irrigation Market – Pricing Analysis
Chapter 06 – Global Drip Irrigation Market Background
Chapter 07 — Global Drip Irrigation Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Drip Irrigation Market
Chapter 09 – Global Drip Irrigation Market Structure Analysis
Chapter 10 – Global Drip Irrigation Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Drip Irrigation Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
- How much is the Drip Irrigation MarketWorth?
- What is the Growth Rate of the Drip Irrigation Market?
- Which Segment ofthe Drip Irrigation to Hold the Highest Market Share?
- Which Segment ofthe Drip Irrigation Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Drip Irrigation Market?
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