The global Drip Irrigation Market, segmented by Crop Type (Field Crops, Fruits & Nuts, Vegetables, Crop), Application (Surface, Subsurface), Emitter Type (Online, Inline), and Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories), is anticipated to reach USD 11.3 billion by 2030. This is a significant increase from the expected value of USD 6.5 billion in 2023, representing a robust CAGR of 10.8% for the period.
The growth of the Drip Irrigation market can be attributed to several factors, including water conservation activities, decreased production costs, government initiatives, and enhanced production. Countries like India and China, driven by a wide agricultural sector and exports, are among the dominant markets targeted by manufacturers and distributors of drip irrigation systems.
Impact of COVID-19 on the Drip Irrigation Market:
The global impact of the COVID-19 pandemic has been notable, affecting many industries worldwide. This pandemic continues to have far-reaching and complex impacts across the water-energy-ecosystem-food nexus. The irrigation sector, being a crucial enabler for millions of agricultural jobs in rural areas, supports the world’s most critical production systems and livelihoods of a significant portion of the global poor. It also facilitates the transition to sustainable water-saving practices.
Despite the challenging circumstances, drip irrigation companies worldwide have continued to operate. However, there have been numerous shocks impacting service delivery, such as a lack of available labor, fiscal constraints, and disruptions in supply chains due to travel restrictions.
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