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.
APAC Drip Irrigation Market Revenue and Forecast to 2028 (US$ Million)
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.
Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Microjet; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company are among the leading companies in the APAC drip irrigation market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3,472.43 Million |
| Market Size by 2028 | US$ 7,661.88 Million |
| CAGR (2022 - 2028) | 14.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Component
|
|
Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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The Asia Pacific Drip Irrigation Market is valued at US$ 3,472.43 Million in 2022, it is projected to reach US$ 7,661.88 Million by 2028.
As per our report Asia Pacific Drip Irrigation Market, the market size is valued at US$ 3,472.43 Million in 2022, projecting it to reach US$ 7,661.88 Million by 2028. This translates to a CAGR of approximately 14.1% during the forecast period.
The Asia Pacific Drip Irrigation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Drip Irrigation Market report:
The Asia Pacific Drip Irrigation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Drip Irrigation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Drip Irrigation Market value chain can benefit from the information contained in a comprehensive market report.
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