Demand for Drip Irrigation is Growing in the Developing countries
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The #dripirrigation Market is projected to reach $8.3 billion by 2027, at a CAGR of 9.8%.
The global drip irrigation systems market has realized opportunities in terms of innovative products and patent registrations, thereby indicating a growing demand for the latest agricultural technologies.
Developing countries such as India and China are among the largest markets due to the agrarian nature of their economies and increasing levels of water scarcity that affects the regions. Drip irrigation is well suited to intensive systems such as vegetable production. It has gained widespread acceptance internationally as a technology that can increase water use efficiency to about 90–95%.
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Key players are Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Rivulis (Israel), Hunter Industries Inc. (US), Netafim (Israel), DRIPWORKS (US), Irritec S.p.A (Italy), Goldenkey (UAE), KSNM DRIP (India), and Raindrip, Inc. (US).
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