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Drip Irrigation Market (Components - Filters, Pressure Pumps, Valves, and Emitters and Drip Tube; Crop Type - Fruits & Vegetables, Cereals & Pulses, Turf & Ornamentals, and Oilseeds & Pulses; Application - Greenhouse, and Agriculture and Landscape): North America Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : FB0105

  • Category : Agriculture & Agrochemicals

  • Status : Published

A recent report published by Infinium Global Research on drip irrigation market provides in-depth analysis of segments and sub-segments in the North America drip irrigation market. The study also highlights the impact of drivers, restraints, and macro indicators on the North America drip irrigation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the North American drip irrigation market. According to the report, the North America drip irrigation market is projected to grow at a CAGR of 10.50% over the forecast period of 2020-2026.


Market Insight

Drip irrigation is the most efficient and suitable irrigation system for residential and commercial applications. It is an ideal solution for irregular or small areas. Drip irrigation limits the potential for liability by plummeting or removing overspray on buildings, roadways, walkways, and other trafficked areas. It is quickly gaining popularity as a low-cost and water-saving technique. The benefits offered by the use of drip irrigation include healthier plants, improved aesthetics, water and nutrient conservation, reduction of run-off and erosion potential, and reduction in the hazards of overspray. Further, smaller operations such as home gardens and landscape projects can benefit from the efficiency of drip irrigation over traditional sprinkler systems. The lower cost of drip irrigation can make landscaping feasible in areas where it otherwise isn’t possible, not only in arid parts of the world but also carrying gardening to rooftops in the city where the water weight of soil is an acute factor in garden size and placement. Several manufacturers are also refining and simplifying the hardware to reduce costs.

 

The drip irrigation business in the North American region is divided between residential sectors and commercial sectors including golf courses, universities, hotels, sports fields, and many others. In addition, the rising implementation of water-saving techniques in these areas majorly drives the growth of the drip irrigation market in the North American countries. Further, a growing number of commercial spaces and increasing spending on city landscaping projects are also expected to provide a major boost to the drip irrigation market in the region. Besides, younger households in the United States and Canada are increasingly inclining towards gardening and lawn care activities under landscape maintenance and are also increasing spending on garden landscaping and are keen on adopting water-saving technologies, which provides a boost to the market. Moreover, a growing number of commercial properties with green infrastructure in the US, Canada, and Mexico will also propel the growth of the drip irrigation system businesses operating in North America in the upcoming years. However, on the contrary, the prevailing use of sprinkler irrigation systems in residential and commercial spaces is most likely to hinder the market growth. Nevertheless, technological advancements in these systems will create beneficial opportunities for market players operating in North America in the upcoming years. 

 

Additionally, the current concern over the spread of coronavirus is also expected to have a moderate impact on the drip irrigation market. The COVID-19 outbreak has led to a sudden pause in manufacturing activities worldwide, affecting the demand for irrigation systems. The flow of goods was one of the major concerns for the component industry, as governments enforced strict transportation regulations in order to control the pandemic. The shortage of raw materials was also another major problem during the pandemic. The import of raw materials was hampered during the pandemic, as many ports and warehouses were closed due to concern over the spread of the virus and government restrictions. This, in turn, hampered the revenue of the component manufacturers during the period of the COVID-19 pandemic. On the other hand, the demand for the drip irrigation components remained unchanged as the agriculture sector operated normally during the pandemic.

 

Among the geographies, the United States is expected to hold the largest share in the North America drip irrigation market. The industry is expected to offer huge opportunities for market growth on account of the presence of numerous leading companies. Furthermore, drip irrigation is commonly used in residential applications across Canada as part of the drought-resistant xeriscaping. Water conservation has become increasingly imperative and thus, smart initiatives like drip irrigation are considered to be a better option for business owners and home in Canada.

 

Drip Irrigation Market


Segment Covered

The report on North America drip irrigation market covers segments such as components, crop type, and application. On the basis of components, the sub-markets include filters, pressure pumps, valves, and emitters and drip tube. On the basis of crop type, the sub-markets include fruits & vegetables, cereals & pulses, turf & ornamentals, and oilseeds & pulses. On the basis of application, the sub-markets include greenhouse, and agriculture and landscape.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Toro Company, Hunter Industries Incorporated, Rain Bird Corporation, Lindsay Corporation, and Netafim.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of drip irrigation market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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