DRIP IRRIGATION PIPE MARKET REPORT OVERVIEW
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The global drip irrigation pipe market size was USD 1263.04 million in 2021 and is projected to touch USD 2884.9 million by 2031, at CAGR of 8.61% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with drip irrigation pipe experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
In order to boost agricultural output while utilizing finite resources, there is a major push in the global market for drip irrigation pipe. Because of the intensifying demand for agricultural goods brought on by the rapidly expanding global population, there is an increased need for crops that can be grown with the least number of resources, including arable land, water, and energy. Governments are being pushed to promote irrigation methods that use less water, such spray irrigation and drip irrigation, for both agricultural and non-agricultural uses as the world's water problem worsens. The quantity, regularity, and frequency of water applied to crops may all be managed by farmers using these technologies.
COVID-19 Impact: Shut Down of Industrial Industries to Hinder the Market
Many industries, particularly the market for irrigation systems worldwide, were impacted by the COVID-19 pandemic. An extraordinary supply-side disruption is the primary way that COVID-19's effects may be described. As a result of measures meant to contain COVID-19, industrial industries were also shut down. Everywhere in the world where drip irrigation tubing is made, there is a lack of manpower and a scarcity of raw materials, which has led to a reduction in production efficiency.
LATEST TRENDS
"Concerns Regarding Rapid Depletion of Water Supplies to Boost the Market"
Concerns regarding the future of the world's agriculture have increased due to the rapid depletion of water supplies in the majority of the world. The aforementioned factor is driving up demand for irrigation techniques like drip irrigation and agricultural methods that conserve water. Excellent plant development is made possible by the drip irrigation pipe's capacity to provide the water that plants need right to the root zone. Other crucial features that encourage the adoption of drip irrigation tubing are its relatively inexpensive installation cost and lack of labor costs.
DRIP IRRIGATION PIPE MARKET SEGMENTATION
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- By Type Analysis
By type, market is segmented into surface drip irrigation and subsurface drip irrigation. The surface drip irrigation segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into field crops, fruits & nuts, vegetable crops and other crops. The field crops segment will lead the global share through 2031.
DRIVING FACTORS
"Employment of Cutting-Edge Technologies to Propel the Market "
Advanced irrigation technology is crucial to the current agricultural system's ability to feed the world's expanding population. Because drip irrigation tubing is now used so sparingly, there is a lot of room for expansion in the years to come. Micro-irrigation offers a variety of advantages, including reduced weed development and soil erosion, regular water distribution, optimum field leveling, and more. At the same time, the sector is employing cutting-edge technology like the Internet of Things, automation, and remote monitoring ideas to bring accuracy to irrigation activities and increase water usage efficiency.
"Government Subsidies and Rising Knowledge Due to Awareness Campaigns to Impel the Demands"
Government entities throughout the world are providing significant subsidies to encourage farmers to use drip irrigation pipe because of the rising knowledge of the value of micro-irrigation systems like these in modern agriculture. The introduction of awareness campaigns to inform farmers about contemporary farming methods is anticipated to further support the expansion of the micro irrigation systems market. Additionally, businesses already operating in the market are working tirelessly to diversify their product offerings, grow internationally, and work with governments, all of which are anticipated to have a favorable impact on the drip irrigation pipe market throughout the course of the research year.
RESTRAINING FACTORS
"High Initial Costs and Lengthy Installation Process to Impede the Market"
Due to the high initial cost necessary for setting up these systems, farmers in many developing nations are reluctant to accept them, which is restricting the market's expansion. Additionally, a slowdown in the growth of the drip irrigation pipe market may be brought on by the system's lengthy installation process and irrigation parts like drip tubes being damaged from excessive sun exposure. While these systems are limited in their ability to be used with field crops like maize, wheat, soybeans, etc., micro-irrigation is better ideal for horticulture or orchard crops.
DRIP IRRIGATION PIPE MARKET REGIONAL INSIGHTS
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"Asia Pacific to Hold the Largest Global Drip Irrigation Pipe Market Share"
The existence of sizable irrigated regions in the region and the rising use of micro-irrigation systems across nations like China and India are likely to drive the drip irrigation pipe market projection in the Asia Pacific to create the greatest revenue. The area will likely have the quickest rate of growth in the worldwide market for a number of reasons. Precision irrigation pipe is one of the irrigation systems that is projected to help the market in the area expand as a result of increasing technical advancements in the agricultural sector and growing farmer knowledge of contemporary farming methods. Farmers and agriculturalists are being encouraged to switch to more sustainable agricultural techniques by the region's fast increasing population and shrinking amount of arable land. Micro irrigation is expected to receive strong backing from the government, and there will be significant financial incentives for its installation, which will be a major driver of the Asia Pacific market's expansion. The presence of well-known industry players like China drip and Jain Irrigation Systems Ltd. as well as an expanding number of market participants will also help the market expand throughout the region.
Regarding revenue growth in the market for drip irrigation pipes worldwide, North America is anticipated to come in second to Asia Pacific. All around the United States, irrigation is used extensively. The expansion of the irrigation market throughout North America is being primarily driven by innovation in the irrigation industry and a growing focus on producing greater crop yields while using the fewest resources possible. The great efficiency of drip irrigation pipe in reducing water used in agricultural operations has significantly increased the use of the technology across big as well as medium-sized farms in the US as well as other economies of North America.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Rain Bird Corporation (U.S.)
- Elgo Irrigation (Israel)
- Eurodrip (Greece)
- Antelco (Australia)
- Hunter Industries (U.S.)
- EPC Industries (India)
- Chinadrip Irrigation (China)
- Jain Irrigation Systems (India)
- Rivulis Irrigation (Israel)
- Shanghai Huawei Water Saving Irrigation (China)
- Netafim (Israel)
- The Toro Company (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1263.04 Million in 2021 |
Market Size Value By |
US$ 2884.9 Million by 2031 |
Growth Rate |
CAGR of 8.61% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the drip irrigation pipe market expected to touch by 2031?
Over the research period, drip irrigation pipe market will be reaching USD 2884.9 million by 2031.
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What CAGR is the drip irrigation pipe market expected to exhibit by 2031?
The drip irrigation pipe market is expected to exhibit a CAGR of 8.61% by 2031.
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Which are the driving factors of the drip irrigation pipe market?
Employment of cutting-edge technologies, government subsidies and rising knowledge due to awareness campaigns are the driving factors of the drip irrigation pipe market.
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Which are the top companies operating in the drip irrigation pipe market?
Rain Bird Corporation, Antelco, Eurodrip and Netafim are the top companies operating the drip irrigation pipe market.