(MoneyNewsWire.Net, February 23, 2021 ) Drip irrigation is a new revaluation in the agriculture sector. In this technology, water is applied very close to crops. So that only part of the soil in which the roots grow is wetted. Drip irrigation is the most productive water and nutrient delivery system for growing crops. The rise in government funding globally and worldwide shrinking of groundwater sources have fuelled the drip irrigation system's demand in the major crop-producing countries, such as The United States, Brazil, India, China and Egypt. The development and urbanization of sporting infrastructure in the water-deficient Middle East region have benefited the global irrigation market in recent years. According to Renub Research, the Global Drip Irrigation Market was US$ 4.6 Billion in 2020 and is estimated to grow with double digits CAGR of 10.82% from 2020 to 2027.
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.
Renub Research report titled “Drip Irrigation Market, Global Forecast by Type (Corn, Cotton, Tomato, Potato and Other Crops), Application (Agriculture, Landscape, Greenhouse & Others), Regions (United States, China, Egypt, India, Turkey, Saudi Arabia, Pakistan, Iran, Tunisia and Rest of World), Company Analysis (Jain Irrigation System limited, Lindsay Corporation, The Toro Company & Valmont)” provides an all-encompassing analysis on the Global Drip Irrigation Industry.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=drip-irrigation-market-p.php
5. Other Crops
1. United States
6. Saudi Arabia
10. Rest of World
All the Companies have been studied from Three Points
• Recent Developments
1. Jain Irrigation System limited
2. Lindsay Corporation
3. The Toro Company
Industry Related Opportunity:
Global Cotton Market: https://www.renub.com/global-cotton-market-p.php
Europe Fertilizer Market: https://www.renub.com/europe-fertilizer-market-p.php
Dairy Alternatives Market: https://www.renub.com/dairy-alternatives-market-consumption-forecast-global-analysis-by-plant-based-milk-regions-companies-p.php
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