Drip Irrigation Market Overview:
Stellar Market Research (SMR) investigates the manufacturer’s issues and market growth drivers, as well as the company’s strategy, operational methods, and aggressive financial approach. Adaptability and a thorough understanding of market prospects are required to meet specific client demands. Stellar Market Research investigates the market’s competitive landscape and key players. Given the industry’s current state, this Drip Irrigation market report may be useful for structure planning.
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Drip Irrigation Market Dynamics:
Drip irrigation systems are being widely adopted in developing countries such as India and China, with government backing and public-private partnerships from leading industry players playing a key role. In India, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) provides subsidies for kits and systems in order to encourage the adoption of micro-irrigation. Another key factor that continues to support the growth Drip Irrigation Market is government-sponsored programs in the developing nations.
As the initial investment is so large, drip irrigation systems are not cost-effective for low-value crops. Drip irrigation equipment costs vary depending on the crop, area, soil, water conditions, Fertigation equipment, and filtration equipment. It is considered to be a feasible irrigation method for horticultural and cash crops like grapes, sugarcane, tomatoes, and onions due to its great economic value. Drip irrigation is costly since it necessitates a considerable amount of piping and filtering equipment.
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Drip Irrigation Market Segmentation:
The market is divided into Field Crops, Fruits & Nuts, Vegetable Crops, and Other Crops based on the type of crop. By 2027, the Field Crops segment is anticipated to have the largest market share. Due to its precise application to the crops and greater advantages, such as lower costs, higher profit margins, and less water and fertiliser usage, field crop growers prefer drip irrigation. Drip irrigation has been successfully used to grow turf and lawns, orchard crops, and vegetables for decades. In the past ten years, it has also been successfully used to grow field crops like corn, cotton, and sugarcane. Rising field crop prices have also contributed to the market’s expansion.
Key Players:
- Netafim Limited (Israel)
- Rain Bird Corporation (US)
- Chinadrip Irrigation Equipment Co. Ltd. (China)
- Elgo Irrigation Ltd. (Israel)
- Shanghai Huawei Water Saving Irrigation Corp. (China)
- Antelco Pty Ltd. (Australia)
- EPC Industries (India)
- Microjet Irrigation (South Africa)
- KSNM Drip (India)
- Sistema Azud (Italy)
COVID-19 Impact Analysis on Drip Irrigation Market:
The COVID-19 recovery phase is now complete worldwide. The market is examined in the context of the current economic climate in Stellar Market Research’s report on the status, trends, and COVID-19 impact of the Drip Irrigation market. SMR regularly evaluates the COVID-19 pandemic’s effects on a variety of industries and verticals across all disciplines. The same data can be found in stellar market research (SMR) studies, which are useful for determining how COVID-19 will affect industry growth and decline. To ascertain the discrepancy between supply and demand in a market, a stellar market research (SMR) report can be used. The stellar market research (SMR) report contains analysis, revisions to the law, and other pertinent information.
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A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company’s products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points, lawful interceptions, types, and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company’s expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.
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