Europe Drip Irrigation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, and Others), Emitter Type (Inline and Online), Application (Agriculture, Green House, and Others), and Type (Surface and Subsurface)
The Europe drip irrigation market is expected to grow from US$2,792.64 million in 2022 to US$ 6,381.04 million by 2028; it is estimated to grow at a CAGR of 14.8% from 2022 to 2028.
Large-scale drip irrigation projects have enhanced the agricultural sector in Europe. Germany’s agricultural industry gradually shifted from conventional irrigation techniques to advanced methods, supported by rising prices and favorable trade policies. Farmers are adopting innovative technologies such as sprinkler irrigation, which significantly is driving the progression of micro irrigation systems across Germany. Italy-based IRRITEC SpA is a world leader in smart irrigation and distributes products in over 140 countries. The European Union’s (EU) ambition to become carbon neutral by 2050 encourages European crop growers to adopt climate-smart agriculture by 2030. Furthermore, this will reduce annual agricultural carbon emissions by 6% and improve soil health by 14%. Thus, countries in the EU are adopting various strategies to reform agriculture. The State Society for Agricultural Infrastructure (Sociedad Estatal de Infraestructuras Agrarias, SEIASA) is an agency that funds irrigation modernization projects across Spain. In the last two decades, SEIASA has facilitated the investment of over ~US$ 2.37 billion in irrigation modernization in the country. The French government is encouraging the deployment of irrigated farming through the progressive removal of direct payments for irrigated crops and rural development funds offering mixed incentives. Most projects in France are focused on improving irrigation efficiency and building “compensatory” water storage schemes. 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 Europe drip irrigation market . The Europe drip irrigation market is expected to grow at a good CAGR during the forecast period.
Europe Drip Irrigation Market Revenue and Forecast to 2028 (US$ Million)
Europe Drip Irrigation Market Segmentation
The Europe 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 greenhouse segment dominated the market in 2022 and agriculture segment 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 Europe drip irrigation market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company are among the leading companies in the Europe drip irrigation market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe drip irrigation market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe drip irrigation market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the drip irrigation market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook