Drip Irrigation Market By Type, Companies, Global Forecast By 2027
Drip Irrigation Market will be to US$ 9.4 Billion by 2027. Global Forecast By Type (Corn, Cotton, Tomato, Potato and Other Crops), Application, Regions, Company Analysis.
By: Renub Research
The drip irrigation system is very beneficial for growing fruits, vegetables, turf & lawns, orchard crops. However, in recent years, its use in the field, such as wheat, corn potato, tomato, sugarcane, and cotton, has also been productive. Asia Pacific region has witnessed a dramatic shift from installing basic irrigation facilities to the adoption of precision irrigation systems through technology. At the same time, North America and Europe attribute to the growing acceptance of centre pivot sprinkler. The lateral move in irrigation systems and farmers' awareness of the cost and productivity benefits from the micro-irrigation system helps this industry grow many folds.
The global Drip Irrigation is highly competitive with few giants and many small players across the globe. Moreover, the government supports the local manufacturers in developing countries such as India and China have increased the competition in the market. In Aug. 2020, Israeli precision irrigation solution firm Netafim announced that it had made a deal with 35,000 farmers in India with estimated at US$ 85 Million to provide advanced irrigation systems. According to Renub Research, Global Drip Irrigation Market will be to US$ 9.4 Billion by 2027.
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