The article cited AMA's "Global Drip Irrigation Market Study" explored substantial growth in Asia-Pacific and CAGR of 10.2%. According to the report, Major trends in the market include the growing preference for drip irrigation systems with improved features. For instance, in 2017, the Netafim (Israel) Company has developed advanced drip irrigation systems in order to create sustainable work in agriculture. In addition, it also improves the economic position of millions of smallholder farmers globally. is one of the primary growth factors for the market. Government Programs and Subsidies Driving Acceptance of Drip Irrigation Systems
is also expected to contribute significantly to the Drip Irrigation market. Overall, Surface
applications of Drip Irrigation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Crop Type, such as Field Crops, is boosting the Drip Irrigation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Emitter/Dripper Type, such as Inline, is boosting the Drip Irrigation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Emitters, is boosting the Drip Irrigation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Agriculture, is boosting the Drip Irrigation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Drip Irrigation market identified that the demand is rising in many different parts of the world as "Increasing Adoption of Precision Agriculture and Sustainable Practices
". Furthermore, some recent industry insights like "In May 2019, The Meltzer Group, Inc. (United States) Company has launched new ring connectors for its line of drip tapes. In addition, these new ring connectors are also available in four different variants and suitable for use in thin-walled pipes. Therefore, it would also help in the expansion of the product portfolio of the company in the future. and In February 2018, the Mexichem (Mexico) company, which is a diversified conglomerate with businesses in plastic piping, chemicals, as well as petrochemicals has acquired a majority stake in Netafim (Israel) company in a deal valued at more than USD 1.895 Billion. Hence, this would help in enhancing the customer base of the company." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Drip Irrigation market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Drip Irrigation market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Drip Irrigation market size is calculated using market estimation process, the Drip Irrigation market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Drip Irrigation market size has been validated using both top-down and bottom-up approaches.