MARKET OVERVIEW - EUROPE DRIP IRRIGATION MARKET
Drip irrigation systems allow the use of controlled water in which water is slowly released into the plant's root system. Drip irrigation, also called trickle irrigation, is a type of micro-irrigation method that supplies water steadily and slowly over long periods of time to the soil surface through small-diameter pipes and tubes delivered to the root zone of plants. This method is intended to reduce the evaporation of moisture. Drip irrigation systems, when properly installed and managed, can achieve significant water savings by controlling evaporation and drainage. It can be used effectively on all soil types and can control soil erosion. Additionally, the drip system also helps feed the plants with organic matter and nutrients via the drip line. The Drip Irrigation technique is utilized for almost all types of horticulture crops and vegetables.
MARKET DRIVERS
The Europe drip irrigation system market is expected to grow during the forecast period due to factors such as population growth, rising food demand, increasing population size, and limited arable land. Due to its many benefits, this technology continues to be popular on farms and fields in Europe. This is the most efficient watering method as it uses only a small amount of water to wet only the areas that need it. The system has the potential to produce high yields with limited resources, making it increasingly in demand for agricultural applications. Moreover, the growing need to conserve water, especially in arid regions, will further drive the growth of the market during the forecast period. As a result, the market is growing at a similar rate across the country and this trend is expected to continue during the forecast period.
MARKET OOPORTUNITY
Government initiatives to provide subsidies for drip irrigation are the major factors driving the growth of the drip irrigation market. In Europe, the government’s approval of large-scale drip irrigation projects has enhanced the agricultural and food security sectors. The growing need for efficient water management solutions has influenced the use of micro-irrigation systems such as sprinklers and drip irrigation. Further, the companies present in the market are making continuous efforts to expand their product portfolio and collaborating with governments is expected to provide a lucrative opportunity for the market. All these factors are expected to provide ample opportunity for the European drip irrigation market.
MARKET RESTRAINT
Although the cost of drip irrigation has fallen slightly due to the domestic production of some drip irrigation items, the high initial cost of drip irrigation has slowed down its spread in developing countries.
MARKET GROWTH CHALLENGES
Lengthy installation times of systems and damage to irrigation components such as drip tubes due to over-exposure to sun and heat act as challenges for the drip irrigation market. Also, the high installation cost of drip irrigation systems is expected to be major restraint on the growth of the market. Furthermore, micro-irrigation is more suitable for horticulture and orchard where these systems have limited application to crops such as maize, wheat, and soybean, etc. All these mentioned factors are expected to pose a major threat to the growth of the European drip irrigation market.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the Europe drip irrigation market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. The rising need to conserve water, especially in arid areas is fueling the growth of the market and is expected to witness growth at a specific CAGR from 2023-2029.
EUROPE DRIP IRRIGATION MARKET SEGMENTAL OVERVIEW
The Europe drip irrigation market comprises of different market segment like age, component, application, end-user and geography.
EUROPE DRIP IRRIGATION MARKET BY AGE
By age, the Europe drip irrigation include key segment of
- Field Crops
- Vegetable Crops
- Orchard Crops
- Vineyards
- Fruit and nuts
- Other Crops
Over the forecast period, field crops are expected to dominate the market. Drip irrigation is an efficient production system that helps retain moisture in crops and control weeds. Rising crop prices are also boosting the growth of the drip irrigation market. Also, it provides advantages like reduced expenses, higher profit margin, and reduced water and fertilizer requirements.
The fruit and nuts segment are expected to register the fastest CAGR during the forecast period. The demand for fruits and nuts has risen along with the deployment of drip irrigation due to expanding exports and strong profit margins. Also, fruit crops including bananas, grapes, citrus, pomegranate, papaya, sweet lime, mango, and watermelon benefit from drip irrigation. They boost fruit production, promote early maturation, and conserve water. All these factors are expected to boost the segment’s growth.
EUROPE DRIP IRRIGATION MARKET BY COMPONENT
By component, the Europe drip irrigation include key segment of
- Valves
- Filters
- Drip mainlines/drip tubes
- Fertilizer injectors
- Fittings and accessories
- Emitters/drippers
- Pressure Pump
The drip tubes are expected to dominate the market over the forecast period. Market revenues from this segment are expected to be higher as drip tubes are made from expensive specialty polyethylene materials. Modern sustainable raw materials and easy installation increase the growth of drip tubes. In addition, the region is increasingly accepting drip tapes and drip lines made from recycles materials. Moreover, the rising government support and the rising volumes of field crops are also expected to aid the growth of drip tubes.
The emitters/drippers segment is expected to register the fastest CAGR during the forecast period. Emitters are also called drippers. They are components that are incorporated into drip irrigation systems to control the emission of water into the root zone at a specific rate. Their easy installation makes them highly desirable for commercial as well as residential drip irrigation purposes.
EUROPE DRIP IRRIGATION MARKET BY APPLICATION
By application, the Europe drip irrigation include key segment of
- Surface Drip Irrigation
- Subsurface Drip Irrigation
The surface drip irrigation is expected to dominate the market over the forecast period. Low installation and maintenance costs have increased the demand for surface drip irrigation systems. Surface drip irrigation equipment is widely used to irrigate perennial crops and annual row crops. In France, surface drip irrigation is used to improve the production of fodder maize. This allows farmers to ensure that they have enough nutritious food to feed their livestock, resulting in enormous economic savings. Demand for drip irrigation systems is expected to increase over the forecast period as more and more farmers turn to irrigation machinery.
EUROPE DRIP IRRIGATION MARKET BY END-USER
By end-user, the Europe drip irrigation include key segment of
- Agriculture
- Landscape
- Greenhouse
The agriculture segment is expected to dominate the market over the forecast period. Drip irrigation is the most efficient water and nutrient delivery system for growing crops. It delivers water and nutrients directly to the plant's root zone, in the right amounts, at the right time, so each plant gets exactly what it needs, when it needs it, to grow optimally.
The greenhouse segment is expected to register the fastest CAGR during the forecast period. The effects of transpiration and evaporation in greenhouses cause excessive water loss, damaging plants. Drip irrigation can be used for water retention in greenhouses. Products specifically designed for use in greenhouse drip irrigation systems include overhead sprayers, greenhouse timers and container sprayers.
EUROPE DRIP IRRIGATION MARKET BY COUNTRY
By geography, the Europe drip irrigation includes key segment of
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
The United Kingdom is expected to dominate the European drip irrigation market over the projected time period due to an increasing need to conserve water. In the UK, the agricultural sector contributes significantly to the economy. According to the Organization for Economic Co-operation and Development (OECD), agricultural productivity increased by 5.3% from 2010 to 2015, while output increased by 8.9% and input by 3.4%. Further, due to declining arable land, water scarcity due to industrialization, and population growth in Europe. Additionally, the government encourages mass production with limited resources through drip irrigation. In 2016, the EU and Eritrea signed a contract worth US$22.24 million for the supply and installation of a drip irrigation system.
COVID-19 IMPACT ANALYSIS ON EUROPE DRIP IRRIGATION MARKET
COVID-19 has had a complex impact on the European drip irrigation sector. Drip irrigation companies continued to operate despite challenging circumstances, such as facial constraints, supply chain interruption, and labor shortages. Irrigation remains the prime focus for countries focusing on food security maintenance, production, employment, and climate resilience. COVID-19 has disrupted supply chains in the drip irrigation market, with companies looking for new ways to use technology to interact with producers and farmers. Although the pandemic has slightly decreased, the European drip irrigation market is expected to slowly pick up.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the Europe drip irrigation market is primarily focused on expanding the growth of the market with new product innovation, business expansion, and an increasing presence of a range of manufacturers operating in the market has led to growing demand for the market. Besides, the market offers a range of products to fulfil the required demand of consumers, which is further contributing to healthy growth in the market.
The key players studied in market are
- Chinadrip Irrigation Equipment Co., Ltd.
- Hunter Industries
- IRRITEC S.P.A
- Lindsay Corporation
- Netafim
- Rain Bird Corporation
- Rivulis
- The Toro Company
- Groasis BV
- Ondo Ltd
