A recent report by MarkNtel Advisors reveals that the Drip Irrigation Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 11.36% during 2023-28. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.

Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the Drip Irrigation Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2023-28 as the starting point and provides forecasts for the years 2023 to 2028. All market values presented are in USD Million/Billion.

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Goals of the Drip Irrigation Market Research Study

·        To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the Drip Irrigation Market

·        To have a complete understanding of the value chain through Porter's five forces model

·        To identify positioning of major participants in the Drip Irrigation Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.

·        To provide thorough information to stakeholders on growth opportunities in fast-growing segments

Market Dynamics

Key Driver: Pressing Need for Water Conserving Technologies in Agriculture to Rise the Market Growth

According to the World Bank, 70% of global water reserves are used for agriculture, while 60% is wasted, thus highlighting the need for water-saving technologies in agriculture. Furthermore, agricultural products are a necessity for the survival of the human population, hence the demand for water-conserving technologies for irrigation purposes enhanced significantly across the globe.

Moreover, there are numerous benefits associated with the use of drip irrigation systems, such as reduction in weed growth & soil erosion & providing proper field leveling, which resulted in escalating the demand for drip irrigation systems across the globe. 

Recent Development

·        In 2020, Lindsay Corporation announced the acquisition of Net Irrigate, LLC (US), an agriculture Internet of Things technology company, that provides remote monitoring solutions for irrigation customers.

·        In 2019, Toro launched clog-resistant drip tape, named Toro Aqua-Traxx Azul. The drip tape offers a filter inlet design & optimized flow passages that pass-through debris to maximize clog resistance & product performance.

A Detailed Analysis of Major Segments Driving the Drip Irrigation Market Growth

In this section, the report explores the Drip Irrigation Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.

Based on Component

- Emitters/Drippers

- Pressure Pumps

- Drip Tubes/Drip Lines

- Valves

- Filters

- Fittings & Accessories

Based on Crop Type

- Field Crops

- Fruits & Nuts

- Vegetable Crops

- Other Crops (turf, ornamental, and spice crops)

Based on Application

- Agriculture

- Landscape

- Greenhouse

Based on Emitter Type

- Inline

- Online

Geographically, the Drip Irrigation Market expands across:

- Saudi Arabia

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

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Note: The Drip Irrigation Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.

Drip Irrigation Market Research Report: Key Questions Addressed

·        What is the estimated size, share, & CAGR of the Drip Irrigation Market during 2023-28?

·        Which segments & sub-segments are considered most prevalent in the Drip Irrigation Market research study?

·        What are the major regions/countries would offer remunerative prospects to the key players in the Drip Irrigation Market?

·        What are the geographical trends and recent developments in the Drip Irrigation Market?

·        Which products/services would witness rapidly growing demand in the Drip Irrigation Market through 2028?

A Detailed Assessment of Major Companies in the Drip Irrigation Market and their Key Growth Strategies

The competitive landscape section of the report unveils the top players in the Drip Irrigation Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.

Companies like,

- 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.

often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.

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About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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