Drip Irrigation Systems Market was worth USD 3145.1 million in 2021 and is predicted to grow at a CAGR of 10.81%, to reach USD 5253.6 million by 2026.
Drip Irrigation Systems is used for better crop yield, as water crisis is one of the major problem associated with irrigation facility as launch of drip irrigation system is a solution to these problems. Farmers use this Drip Irrigation System due to over the surface irrigation and reduce the wastage of water through evaporation and also increasing the adoption of drip irrigation system by the farmers across the globe these are the major reasons to have huge growth for Drip Irrigation Systems in the market.
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Market Drivers and Restrains:
Drip Irrigation Systems uses components like, tubing, pipe and emitters that allow the water to drip slowly to the roots of plants and crops and reduce the wastage of the water; these factors are increasing the drip irrigation system. In the developed countries like India and China are increasing the adopting drip irrigation systems and in these countries the government is taking initiative by providing subsidies in various region to increase the use of drip irrigation system and also growing agricultural activities in emerging economies in these regions, these are the major factors to have a huge growth for Drip Irrigation Systems in the market. The major drawback of drip irrigation system is high initial investment cost, these drip irrigation system is high cost because the requirement of large quantities of piping & filtration equipment these are the major factor to harm the growth of the drip irrigation system in the market.
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Report is segmented as:
Drip Irrigation Systems Market is segmented on the basis of by crop type, by application, components:
* Drip Irrigation Systems Market is segmented on the basis of by crop type into Fruits and Vegetables, Field Crops, Orchard Crops, Turf and Ornamental, Vineyard and Others.
* Drip Irrigation Systems Market is segmented on the basis of Application into Agriculture, Landscape, Greenhouse and Others.
* Drip Irrigation Systems Market is segmented on the basis of Components into Pressure Gauges, Filters, Valves, Emitters, Drip Tubes, And Others
Geographical Segmentation:
Drip Irrigation Systems Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. Asia Pacific has the dominant share in the Drip Irrigation Systems Market because of Asia Pacific region is most common of the agriculture products and large fertile lands, considerably high population, and favourable climatic conditions are the major factors to have huge growth for Soil Conditioners Market in the Asia Pacific region ,Additionally increase in the agricultural activities, strong governmental initiatives are the boost for the growth of the market .followed by North America, Europe, Latin America and Middle East & Africa will register a slower increase in the Drip Irrigation Systems Market .
Impact of COVID-19 on Drip Irrigation Systems Market:
The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Drip Irrigation Systems market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise in the Drip Irrigation Systems market growth
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