Drip Irrigation Market Industry Growth and Recent Trends
The Drip irrigation Market is estimated to be valued at USD 5.2 billion in 2022 and is projected to reach USD 8.3 billion by 2027, recording a CAGR of 9.8% during the forecast period in terms of value. The global market for drip irrigation systems is seeing growth opportunities thanks to new product innovations and patent registrations, reflecting an increasing demand for cutting-edge agricultural technologies. Countries with agricultural economies, such as India and China, are among the largest markets due to the growing issue of water scarcity in these regions. Drip irrigation is particularly well-suited to intensive farming methods, such as vegetable production, and has gained global acceptance as a technology that can greatly improve water use efficiency, with rates reaching as high as 90-95%. Download PDF Brochure Advancements in technology have reduced the need for manual labor in agriculture. Drip irrigation, which can be automated, is a cost-effective method for watering vari...