Report Description:-
The recent market intelligence report,
published by Data Insights Partner on the drip irrigation market makes an
offering of in-depth analysis of and sub-segments in both the regional and
international market. The research also emphasizes on the impact of drivers,
restraints and macro indicators on the regional and global drip irrigation market
over the short as well as long period of time. The report also includes the
benefits and market opportunities presented in this field. Beside this, a
detailed presentation of forecast, trends, and dollar values of the global
market is offered too. In accordance with the report, the drip irrigation market
is projected to expand at a CAGR of 10.8% over the period of forecast period of
2020-2028.
Market Insights, Drivers, Restraints and
Opportunities:-
Drip
irrigation is one type of micro-irrigation system which has the potential to
save water and nutrients by allowing water to drip slowly to the roots of plants, either from above the soil surface or buried below the surface. The main goal of this kind of
system is to place water directly into the root zone and minimize the evaporation rate. Drip irrigation
system distributes water through a network of valves, pipes, tubing, and emitters. Depending on the quality of design,
installation, maintenance, and operation, a drip irrigation system can be more
efficient than other types of irrigation systems, such as surface irrigation or sprinkler irrigation systems.
The growth in drip irrigation
market is mainly driven by various governmental promotional activities and
availability of many government subsidies and other programs (loans). Another
very important factor responsible for the rapid growth of the said market is
increase in acreage under protection farming system. The increasing population
leading to rising demand for the agricultural product is also playing a key
role in the expansion of the drip irrigation market. Beside this, the ability
to provide better yield with limited water supply and rising concerns over
environmental degradation is also helping in the growth of this market.
The drip
irrigation market has a huge potential. Though it is expanding very fast day by
day, many things are preventing it from using its full potential. Some of these
restraints are–
? High initial cost of large-scale drip irrigation system.
? Soil
salinity hazards and bio clogging (presence of high saline content affects the
growth of the crop negatively).
? Time-consuming
and hard-to-do impletion procedures.
? Ever-expanding
manufacturing and service sectors and less prioritised agricultural sector in
developed countries.
? Lack of
awareness about the availability and benefits of the drip irrigation systems in
developing countries.
During the forecast
period, Asia Pacific is expected to be the fastest-growing drip irrigation market.
The demand for drip irrigation in Asia-Pacific is driven by the ever-growing
increase in irrigable areas, increasing demand for commercial crops over traditional
crops, scarcity of water, adoption of precision irrigation systems through
technological upgradation instead of basic irrigation technologies. The rapid
economic growth and increase in demand for cash crops in the said region is
expected to fuel high demand for these systems, especially in China, India and
the Southeast Asian countries. It is also believed that by crop type, the field
crop segment will have the largest share for its precise application to the
crops and high profit-to-cost ratio in the forecast period. For ease of
application and high efficiency, inline emitter type drip irrigation is also
expected to rise significantly in the said time and market of surface drip
irrigation will face the fastest growth for its rising demand due to high
profit in and increasing demand for cash crops in regional and export markets.
Segmentation of Drip Irrigation Market:-
This market intelligence report on the
drip irrigation market is segmented based on components,
crop type, application, emitter type and the country/regions.
By Component, the drip irrigation market
is divided into–
§ Emitters/Drippers
§ Pressure Pump
§ Drip Tubes/Drip Lines
§ Valves
§ Filters
§ Fittings and Accessories
By Crop Type, the drip irrigation market
is segregated into–
§ Field Crops
§ Fruits and Nuts
§ Vegetable Crops
§ Other Crops (turf, ornamental,
spice crops etc.)
By Application,
the drip irrigation market is divided into–
§ Surface
§ Subsurface
By Emitter
Type, the drip irrigation market is segregated into–
§ Inline
§ Online
By Regional Outlook, the drip
irrigation market is divided into–
§ North America (United States,
Canada)
§ Latin America (Brazil, Mexico,
Argentina and other countries)
§ Europe (United Kingdom, France,
Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
§ Asia Pacific (Japan, China, India,
South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand
and other countries)
§ Middle East and Africa (GCC,
South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:-
This business intelligence report
offers profiling of reputed companies that are operating in the market.
Companies such as
§ Netafim Limited
§ Rain Bird Corporation
§ Chinadrip Irrigation Equipment
Co. Ltd.
§ Jain Irrigation Systems Ltd.
(India)
§ The Toro Company
§ Elgo Irrigation Ltd.
§ Lindsay Corporation
§ Shanghai Huawei Water Saving
Irrigation Corp.
§ Microjet Irrigation
§ Antelco Pty Ltd.
§ EPC Industries
§ KSNM Drip
§ Metzer Group
§ Sistema Azud
§ Grupo Chamartin Chamsa
§ Dripworks Inc.
Other players have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such drip irrigation market related investment and spending and developments by
major players of the market are tracked in this global report.
Market Competitive Analysis:-
Key
players are adopting strategies such as investing in R&D, new product
launches, expansion in distribution channels to stand out as strong competitors
in the market. Drip irrigation market is a competitive market with the
presence of various global and regional players in the market. The major
players like Jain Irrigation
Systems Ltd., Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird
Corporation, Chinadrip Irrigation Equipment Co. Ltd., Antelco Pty Ltd., EPC
Industries, Microjet Irrigation, KSNM Drip etc. are trying to gain the market
power in their hands by producing the products in low costs and thus charging
low prices and using different kind of marketing campaigns.
Report Highlights:-
An in-depth analysis of the micro and
macro indicators, market trends, and forecasts of demand is offered by this
business intelligence report. Furthermore, the report offers a vivid picture of
the factors that are steering and restraining the growth of this market across
all geographical segments. In addition to that, Growth Matrix analysis is also
provided in the report so as to share insight of the investment areas that new
or existing market players can take into consideration. Various analytical
tools such as market data analysis, time series and cross section statistical
data analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market share
of the global players.
Salient Features:-
· This study offers comprehensive yet detailed
analysis of drip irrigation market, size of the market
(US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year.
·
It explains upcoming revenue
opportunities across various market segments and attractive matrix of
investment proposition for the said market.
· This market intelligence
report on drip irrigation market also offers
pivotal insights about various market opportunities, restraints, drivers,
launch of new products, competitive market strategies of leading market players,
emerging market trends, and regional outlook.
· Profiling of key market
players in the market of drip irrigation is done by taking
into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview.
· The data of this report would
allow management authorities and marketers of drip irrigation companies alike to take informed decision when it comes to launch of
products, government initiatives, marketing tactics and expansion, and
technical up gradation.
· The research on the world
market for drip irrigation caters to the
needs of various stakeholders pertaining to this industry, namely suppliers,
manufacturers, investors, and distributors for the market. The research also
caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants.
·
Research methodologies that
have been adopted for the purpose of this study have been clearly elaborated so
as to facilitate better understanding of the reports.
·
Reports have been made based
on the guidelines as mandated by General Data Protection Regulation.
·
Ample number of examples and
case studies has been taken into consideration before coming to a conclusion.
Reasons to Buy:-
·
Identify new growth
opportunities with a deep understanding of strategic business plans and thus
design innovative strategies for sustainable growth.
·
Comprehensive details on micro
and macro factors that will drive or restrain the growth of market players.
·
Analyse and map the behaviours
of the competitors to gain maximum benefits.
·
Deep Sector-Specific
Intelligence.
·
Identify investors who can
invest in your company or identify the companies to invest in by analysing
market opportunities, gains and losses.
·
Identify and attract potential
customers by analysing consumer behaviour for every region.
·
Highlights of the competitive
landscape.