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Growing Demand for Innovative Agricultural Technology to Drive the Drip Irrigation Market

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MarketsandMarkets™
Growing Demand for Innovative Agricultural Technology to Drive the Drip Irrigation Market

The drip irrigation market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 9.8% during the projection period and reach a value of USD 8.3 billion by 2027, up from an estimated USD 5.2 billion in 2022.


This growth is due to the rising demand for innovative agricultural technology and patent registrations. Countries like India and China, with agriculture-driven economies, are among the largest markets due to water scarcity issues.


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Drip Irrigation has high acceptance as an effective technology that can improve water-use efficiency up to 90-95%, particularly for intensive farming like vegetable production. Advancements in technology have reduced the need for manual labor in agriculture, and automated drip irrigation is a cost-effective method for watering crops and can improve nutrient and water absorption, leading to higher yields.


However, challenges with drip irrigation systems include algae formation, emitter clogging, and the need for weekly chlorination, which can be expensive. Sustainable farming practices and precision agriculture techniques can address these challenges, reducing environmental impact while promoting efficient resource management.


One challenge is the potential for soil salinity hazards and bio-clogging in subsurface systems.


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Key players in the market include Jain Irrigation Systems Ltd., Lindsay Corporation, The Toro Company, Rivulis, Hunter Industries Inc., Netafim, DRIPWORKS, Irritec S.p.A, Goldenkey, KSNM DRIP, and Raindrip, Inc.

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