Market Size of Drip Irrigation Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.79 Billion |
| Market Size (2029) | USD 2.92 Billion |
| CAGR (2024 - 2029) | 10.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Drip Irrigation Market Analysis
The Drip Irrigation Market size is estimated at USD 1.79 billion in 2024, and is expected to reach USD 2.92 billion by 2029, growing at a CAGR of 10.30% during the forecast period (2024-2029).
Irrigation is a critical component of agriculture and crop production. Manufacturers have created equipment and techniques to provide farmers with paramount drip irrigation systems. Factors such as government subsidies and policies, technological innovations, and increasing concerns over water scarcity drive the market. In recent years, drip irrigation implementation has increased in different regions. The Asia-Pacific has the largest market for drip irrigation systems. India is the largest market in Asia-Pacific for drip irrigation. The major market players operating in the drip irrigation systems market are focusing on strategic planning, product development activities, and mergers and acquisitions. For instance, in February 2024, the Saudi Drip Irrigation Company, a subsidiary of Mayar Holding, collaborated with the American firm Hunter Industries to design drip irrigation products for a broad spectrum of applications, including agriculture, residential, commercial, and golf courses. The collaboration seeks to transcend conventional manufacturing, focusing on developing innovative water and energy-saving solutions and custom manufacturing within the irrigation sector.
