Market Research News Drip Irrigation Market | Page 2

The global drip irrigation market is segmented into component such as emitters,
pressure gauge, controllers, injectors, drip tube, drip tapes, valves, filters and
others. Among these segments, controllers segment is expected to grow at
significant CAGR during the forecast period. The demand for controller drip
irrigation component is increasing on the back of rising awareness about the
water scarcity. Further, water discharge rate can be modified as per specific plant
water requirements with the help of controllers. These factors are propelling the
growth of controller drip irrigation component segment.
Global drip irrigation market is expected to flourish at a significant CAGR of
10.5% over the forecast period. Moreover, drip irrigation market is expected to
garner USD 4.3 Billion by the end of 2023. Government initiatives to promote
drip irrigation are expected to fuel the growth of the drip irrigation market.
Moreover, benefits of using drip irrigation such as higher crop yield and better
quality food grains is anticipated to propel the growth of drip irrigation market.
In 2016, highest demand for drip irrigation was seen from Asia-Pacific. Further,
Asia-Pacific is projected to dominate the drip irrigation market during the
forecast period owing to the rising agricultural activities in China and India.
Moreover, rising spending on agricultural activities is expected to strengthen the
growth of the drip irrigation market in Asia Pacific. Europe is also projected to
make significant contribution in the global drip irrigation market.
Increasing Population in the World
Rising population across the globe has increased the demand for agricultural
food grains. Moreover, high demand for agricultural products is pushing farmers
to adopt advanced irrigation system to increase agricultural yield. These factors
are anticipated to increase the adoption of drip irrigation system during the
forecast period.
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