The APAC drip irrigation market is expected to grow from US$ 3,472.43 million in 2022 to US$ 7,661.88 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2022 to 2028.
Micro-irrigation equipment and technologies are unaffordable for many small and marginal farmers. Hence, the Government of India (GoI) decided to provide financial assistance to farmers and initiated an awareness campaign to encourage a maximum number of farmers to switch to drip and sprinkler irrigation methods. In September 2021, the Government of Madhya Pradesh, India, announced to offer agricultural irrigation equipment to the farmers on a subsidized basis under the Pradhan Mantri Krishi Sinchai Yojana. Subsidies were made available for the Kisan drip system mini, micro-sprinkler set, and portable sprinkler set under the plan. In November 2021, the Government of Maharashtra, India, decided to increase subsidies to promote micro-irrigation schemes. Netafim - an irrigation equipment manufacturer - offers micro-irrigation subsidy support to farmers through Netafim Agricultural Financing Agency (NAFA), a non-banking finance company that provides customized financial solutions to boost the micro-irrigation ecosystem in India. Collaborative public-private stakeholder actions address the challenges of creating necessary drip irrigation ecosystems. Moreover, governments are delivering infrastructure, incentives, and innovative policies to provide the growth capital, which is driving the drip irrigation market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC drip irrigation market . The APAC drip irrigation market is expected to grow at a good CAGR during the forecast period.
Micro-irrigation equipment and technologies are unaffordable for many small and marginal farmers. Hence, the Government of India (GoI) decided to provide financial assistance to farmers and initiated an awareness campaign to encourage a maximum number of farmers to switch to drip and sprinkler irrigation methods. In September 2021, the Government of Madhya Pradesh, India, announced to offer agricultural irrigation equipment to the farmers on a subsidized basis under the Pradhan Mantri Krishi Sinchai Yojana. Subsidies were made available for the Kisan drip system mini, micro-sprinkler set, and portable sprinkler set under the plan. In November 2021, the Government of Maharashtra, India, decided to increase subsidies to promote micro-irrigation schemes. Netafim - an irrigation equipment manufacturer - offers micro-irrigation subsidy support to farmers through Netafim Agricultural Financing Agency (NAFA), a non-banking finance company that provides customized financial solutions to boost the micro-irrigation ecosystem in India. Collaborative public-private stakeholder actions address the challenges of creating necessary drip irrigation ecosystems. Moreover, governments are delivering infrastructure, incentives, and innovative policies to provide the growth capital, which is driving the drip irrigation market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC drip irrigation market . The APAC drip irrigation market is expected to grow at a good CAGR during the forecast period.
APAC Drip Irrigation Market Segmentation
The APAC drip irrigation market is segmented based on component, emitter, application, type and country.- Based on component, the market is segmented emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on emitter, the market is segmented into inline and online. The online segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on application, the market is segmented into agriculture, green house, and others. The agriculture segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on type, the market is segmented into surface and subsurface. The subsurface segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on country, the APAC drip irrigation market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Drip Irrigation Market Landscape
5. APAC Drip Irrigation Market - Key Market Dynamics
6. Drip Irrigation Market - APAC Market Analysis
7. APAC Drip Irrigation Market Revenue and Forecast to 2028 - Component
8. APAC Drip Irrigation Market Revenue and Forecast to 2028 - by Emitter Type
9. APAC Drip Irrigation Market Revenue and Forecast to 2028 - by Application
10. APAC Drip Irrigation Market Revenue and Forecast to 2028 - by Type
11. Drip Irrigation Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
Companies Mentioned
- Chinadrip Irrigation Equipment Co., Ltd.
- Hunter Industries
- IRRITEC S.P.A.
- Jain Irrigation Systems Ltd.
- Lindsay Corporation
- Microjet
- Netafim
- Rain Bird Corporation
- Rivulis
- The Toro Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 131 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 3472.43 Million |
| Forecasted Market Value ( USD | $ 7661.88 Million |
| Compound Annual Growth Rate | 14.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
