India Drip Irrigation Market Size More Than Doubles at Significant CAGR of 12.83% During 2023–2029, Reaching USD 2.15 Billion by 2029

Published | 22 December 2023

India Drip Irrigation Market is flourishing because of the growing awareness among farmers about the benefits of drip irrigation and the government’s supportive initiatives to promote drip irrigation across the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Drip Irrigation Market size at USD 1.04 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India Drip Irrigation Market size to grow at a significant CAGR of 12.83% reaching a value of USD 2.15 billion by 2029. Major growth drivers for the India Drip Irrigation Market include increasing trend in greenhouse vegetable production, coupled with a growing emphasis on sustainable and precision agriculture practices. India heavily relies on agriculture, predominantly rain-fed. It creates a ripe environment for promoting drip irrigation in the market. Rajasthan, a northwestern Indian state facing severe water scarcity, has witnessed a significant uptake of drip irrigation due to its adaptability. Indian farmers are increasingly urged to adopt drip irrigation systems in open fields to optimize water usage and enhance agricultural yield. The prevalence of open-field drip irrigation exceeds that of greenhouses across the country. Notably, greenhouses employing drip irrigation are primarily utilized for horticultural production, showcasing a growing inclination among farmers toward greenhouse cultivation, driven by the benefits of year-round production. As a result, such aspects are expected to propel the India Drip Irrigation Market forward during the forecast period. However, high initial and maintenance cost of large-scale drip irrigation systems and increasing issues regarding quality of water available for irrigation are anticipated to restrain the overall market growth during the period in analysis.

Impact of COVID-19 on India Drip Irrigation Market

COVID-19 pandemic adversely affected the India Drip Irrigation Market. Disruptions in the supply chain, labor shortages, and economic uncertainties have led to challenges in the adoption of drip irrigation systems. The pandemic-induced lockdowns and restrictions affected the manufacturing and distribution of drip irrigation components, causing delays and supply chain inefficiencies. Farmers faced difficulties in accessing and affording the necessary equipment, hindering the widespread implementation of drip irrigation. As the agricultural sector strives to recover, addressing the aftermath of COVID-19 and revitalizing support for drip irrigation initiatives becomes imperative for sustaining and enhancing India's agricultural productivity.

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India Drip Irrigation Market – By Crop Type

Based on crop type, the India Drip Irrigation Market is divided into Field Crops, Fruits & Nut, and Vegetable Crops segments. The field crops segment holds the highest share in the India Drip Irrigation Market by crop type. Drip irrigation offers precise and efficient water delivery directly to the roots of field crops, ensuring optimal moisture levels for growth. The drip irrigation method proves particularly effective for crops like sugarcane, cotton, onions, potatoes, and various grains, enhancing their yield significantly. Additionally, the economic viability of drip irrigation in terms of water savings, increased crop productivity, and reduced labor costs further contributes to its preference among Indian farmers cultivating field crops. Overall, these factors drive the dominance of the field crops segment in the India Drip Irrigation Market.

India Drip Irrigation Market – By Region

Regionally, the India Drip Irrigation Market is segmented as North India, South India, East India, and West India. The West India region holds the highest share in the India Drip Irrigation Market. Maharashtra dominates the India drip irrigation market, urging increased funds under the Pradhan Mantri Krishi Sinchai Yojana to bring 50% of agricultural land under drip irrigation in the next five years. The major Western state in India emphasizes extending drip irrigation beyond water-intensive crops under the 'More Crop Per Drop' initiative. Financial responsibilities are shared, with Maharashtra allocating INR 653.33 crore for drip irrigation, of which the central government contributes INR 400 crore. Subsidies for drip irrigation and sprinklers drive adoption, with the state covering 12,908.44 thousand hectares, showcasing awareness. Major players like Jain Irrigation Systems partner with the government, stimulating market growth through innovative projects and increased support.

Competitive Landscape

Major players operating in the India Drip Irrigation Market include Netafim Irrigation India Pvt Ltd, Jain Irrigation Systems, Kisan Irrigation, Ecoflo India, Rivulis, Captain Polyplast Limited, Kaveri Irrigation Systems Pvt Ltd, Megha Agrotech, Finolex Plasson Industries Private Limited, and Mahindra EPC. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Drip Irrigation Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Drip Irrigation Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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