COVID-19:DRIP IRRIGATION MARKET TO REACH USD 10.6 BILLION BY 2027 | CAGR 10.1% — FORENCIS RESEARCH

  • According to the new market research report “Drip IrrigationMarket by Type (Surface Drip Irrigation, Sub Surface Drip Irrigation), by ComponentEmitter, Pressure Gauge, Drip Tube, Filter, Valve, Others), by Crop Type (Fruits & Vegetables, Cereals & Pulses, Oilseeds, Turf & Ornamentals, Other Crops), by Application (Agriculture, Landscape, Greenhouse, Others),by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global drip irrigation market is estimated to reach USD 10.6Billion by 2027 at a CAGR of around 10.1% during the review period.
  • Drip irrigations also knewas a trickle, an efficient technique used for dripping water into soil surface and root of the plant by a filtering process.
  • Precise and efficient water management, use of fewerfertilizers, and water-saving with a high yield of crops are some of the fundamental advantages of drip irrigation.
  • Drip irrigation is imperatively used for crops like tomatoes, coconut, strawberries, bananas, citrus, eggplant, cotton, maize, sugarcane and others.
  • Increasing government support through various programs and subsidiaries to promote adoption of drip irrigation which isexpected to drive the drip irrigation market
  • Rising concern over increasing agriculture yield coupled with benefits offered by micro-irrigation system has anticipated propelling the market growth
  • Higher initial investment and higher maintenance cost associated with drip irrigation system may hamper the growth during the forecasted period
  • North America
  • Asia-Pacific
  • Lindsay Corporation:
  • The Toro Company:

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