Top Leaders of Drip Irrigation Market & Business Strategies

Posted on 2021-09-24 by MarketsandMarkets in Agriculture // 0 Comments

The Drip Irrigation Market is estimated to be valued at USD 9.3 billion by 2025, from USD 5.5 billion in 2020, at a CAGR of 10.8% during the forecast period. The market is driven by factors such as enhanced crop yields, optimum utilization of resources, reduced agricultural input costs and improved efficiency in agricultural production.

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The key manufacturers of drip irrigation systems and components in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), 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), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US).

Jain Irrigation Systems Ltd. (India) is primarily engaged in the design, manufacture, and sales of irrigation systems, piping products, and plastic sheets. The company operates through four business segments—high-tech agro-input products, plastics division, agro-processing division, and others. Through its high-tech agro-input products segment, the company manufactures and markets irrigation systems, such as drip and sprinkler, mainly for agricultural businesses. Jain Irrigation offers a broad portfolio of drip irrigation products that are sold in India and other regions through its subsidiaries and distributors. It is also involved in the manufacturing of fruit/vegetable juices, concentrates, squash, and powders.

The company operates, globally, through its subsidiaries Jain Irrigation (India), Cascade Specialties (US), and Jain Sulama Sistemleri Sanayi Ve Ticaret Anonim Sirkti (Turkey). Jain Irrigation operates through its production sites in 24 countries around the world and offers its products and solutions to customers across 130 countries, as of 2018. The company maintains operations that are spread across the US, Europe, the Middle East, Africa, and the Asia Pacific.

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The Asia Pacific drip irrigation market is anticipated to witness significant growth during the forecast period due to the high agricultural production, government initiatives incentivizing the adoption of drip irrigation systems, and increase in irrigable areas in the region which has resulted in water scarcity across multiple countries in the region. Asia Pacific was the largest consumer of drip irrigation and is a key exporter of agricultural products. The region is mainly dominated by large-scale operations, primarily exports, with an organized distribution chain.

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