Drip Irrigation Market Technological Growth Map with an Impact-Analysis 2028.
Posted by niket gore on September 21st, 2022
Irrigation technology providers have a huge potential to transform the unexplored agriculture sector of Africa by managing water scarcity issues and improving agricultural productivity. High solar radiation, favorable temperatures, and low atmospheric humidity create lucrative opportunities to gain a high agricultural yield in the region. Concerns regarding the performance of conventional irrigation systems are anticipated to propel the adoption of drip irrigation systems in Africa in recent years. Moreover, the growing incorporation of advanced technologies in small irrigation projects to mitigate adverse effects of climate change and increase resilience to droughts is projected to create substantial expansion possibilities for the drip irrigation market players in Africa.
As per the 2021 UNICEF report, Egypt is facing a water deficit of ~7 billion cubic meters annually, which significantly reduces agricultural and farm productivity. As a result, the Egyptian Ministry of Irrigation and Water Resources is collaborating with the Ministry of Agriculture to launch modern drip irrigation and spraying systems to manage Egypt’s rising water scarcity. In October 2021, the Ministry of Irrigation and Water Resources of Egypt introduced modern drip irrigation systems in 1 million feddans (1 feddans = 4,500 m2) and allocated a budget of US$ 250 million to deploy modern irrigation systems in 4 million feddans by 2024. In Niger, drip irrigation assists farmers in battling climate changes and water scarcity. The Niger Irrigation Program (NIP) enables local small and medium-scale farmers to access modern drip irrigation technology and produce more using less water. The NIP was established through a partnership between the International Finance Corporation (IFC), World Bank Group, the Climate Investment Funds (CIF), and Netafim, a global leader in micro-irrigation technology that helps developing countries deal with climate change. Drip irrigation systems deliver water drip by drip to the base of a plant. The technology also enhances farmers’ incomes and resilience to drought and floods.
Based on component, the drip irrigation market is segmented into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. In 2021, the emitters segment led the market with the largest share. Based on emitter type, the drip irrigation market is segmented into inline and online. In 2021, the online segment held a larger market share. Based on application, the drip irrigation market is segmented into agriculture, greenhouse, and others. In 2021, the agriculture segment accounted for the largest share of the market. Based on type, the drip irrigation market is segmented into surface and subsurface. In 2021, the subsurface segment held a larger market share. The drip irrigation market, by geography, is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share of the global drip irrigation market.
Impact of COVID-19 Pandemic on Global Drip Irrigation Market
The COVID-19 pandemic has had complex and far-reaching impact on the global irrigation sector. Drip irrigation companies continued to operate despite challenging circumstances, such as fiscal constraints, supply chain interruptions, and labor shortages. Irrigation remains the prime focus for countries focusing on food security maintenance, production, employment, and climate resilience. The World Bank supports countries with critical investments in irrigation infrastructure and institutional reforms to achieve efficient water usage, thereby meeting sustainable development goals (SDGs). According to the World Bank Group, irrigated agriculture represents 20% of the total cultivated land and contributes 40% to the total food produced worldwide. A broader strategic approach by global irrigation practitioners, focusing on water-smart agriculture, helps agriculturists and farmers bounce back stronger.
Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; Irritec S.P.A; Jain Irrigation Systems Ltd.; Lindsay Corporation; Microjet; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company are a few key players operating in the global drip irrigation market. Several other market players have been studied to understand the market to the further depth.
Drip Irrigation Market — by Region, 2021 and 2028 (%)
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About the Authorniket gore
Joined: July 6th, 2022
Articles Posted: 296
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