Mo. Dez 23rd, 2024

India drip irrigation market is projected to witness a CAGR of 11.60% during the forecast period FY2025-FY2032, growing from USD 0.75 billion in FY2024 to USD 1.81 billion in FY2032. The market has been growing at a remarkable rate due to increasing demand for efficient water use in agriculture considering the country’s water scarcity problems. Drip irrigation, which is known for its precision in water delivery directly to plant roots is emerging as a pivotal solution in improving crop yield and reducing wastage by farmers. Strongly supporting government initiatives to cultivate modern irrigation systems by offering certain schemes such as subsidies, effectively promoting the growth of the market.

Some of the main factors influencing market growth drivers are rise in water conservation awareness, improved agricultural management, and the increasing need for high-value crops that require precise irrigation. Furthermore, market growth is driven by advanced technologies in drip irrigation systems including smart irrigation using IoT and data analytics. Key players in the industry such as Jain Irrigation Systems Limited, Netafim Irrigation India Private Limited, and Skipper Metzer India LLP, have a wide range of products with broad distribution channels.

Challenges comprise the installation’s steep upfront price tag and farmers’ requirement for technical expertise. Nonetheless, increasing rural infrastructure investments and education programs intended to improve farmers’ comprehension of drip irrigation advantages make the market outlook positive. For instance, in October 2023, to inform farmers and engineers about the advantages of autonomous drip irrigation for agriculture, the Water and Land Management Institute (WALMI) established a system in its Dharwad campus.

Efficient Use of Water to Fuel Market Growth

Water scarcity is a big issue in India, which has serious effects on agricultural activities and the availability of water at large. There are many causes contributing to this shortage such as increase in population, urbanization, and depletion of ground water supplies. To aid with groundwater management, the World Bank is sponsoring the Atal Bhujal Yojana, the government’s national groundwater initiative. Encompassing 8,220 gram panchayats in seven Indian states, this groundwater management program is the largest community-led groundwater management initiative globally.

In this scenario, drip irrigation can be considered as an important solution since it utilizes water efficiently for irrigation when there is little or no rain in the dry seasons. With the aim of reducing moisture loss via evaporation and run-off, drip irrigation provides water directly to the roots of the plants. Hence, water is well conserved while crops receive the appropriate amount of water. Therefore, drip irrigation has been promoted by various governments through grants and programs so as to concern themselves with issues related to shortage of water and increased output in farming. As there is limited access to freshwater supplies in many parts of the world, it is increasingly important for sustainable agricultural practices and food security to rely on efficient irrigation technologies such as drip irrigation.

Read More: https://www.marketsandata.com/industry-reports/india-drip-irrigation-market

Supportive Government Initiatives Catalyze Market Expansion

Numerous initiatives meant to encourage drip irrigation adoption and tackle conflicts concerning water inadequacy instituted by the Indian authorities. For instance, in February 2024, under the Rashtriya Krishi Vikas Yojana (RKVY), the Per Drop More Crop (PDMC) Centrally Sponsored Scheme (CSS) was put into effect. The goal of the PDMC program is to increase farm-level water usage efficiently by using drip and sprinkler irrigation systems, which are forms of micro-irrigation. The government offers financial assistance for the installation of micro irrigation under the scheme at a rate of 55% for small and marginal farmers and 45% for other farmers. Furthermore, several states offer supplementary incentives or top-up subsidies to entice farmers to implement micro irrigation.

The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) is another important scheme that provides farmers with assistance during the installation of drip irrigation systems. As a result, this plan would increase water utilization efficiency while enhancing farmers’ crop yields through limited reliance on outdated flood irrigation techniques.

Apart from curbing the expenses of suitable drip irrigation systems, these government schemes educate farmers about the importance of conserving water through efficient irrigation methods. Through creating an enabling environment for adopting drip irrigation, they are part of efforts towards sustainable agricultural development and tackling water shortage problems in India.

Download Free Sample Report

The commercial Sector Dominates the Market

The commercial sector leads over the share of the residential segment of India’s drip irrigation market. This primary takeover is based on the extensive use of drip systems made in agriculture that account for huge parts of the commercial sector. Large farms, horticultural activities, and greenhouse cultivation extensively use these devices as they efficiently use water and improve crop yields. Economies of scale favor the commercial end-user segment, where buyers have to invest heavily at the beginning to acquire drip irrigation systems, but they compensate themselves through higher production levels and decreased consumption of water during that period. In October 2023, Netafim Irrigation India Private Limited introduced an inventive irrigation system, Turbunext, with anti-clogging technology to guarantee the best possible distribution of nutrients and water. The organization intends to implement the new technique on 25,000 hectares and reach 35,000 farmers nationwide by 2025.

On the contrary, the residential segment, which includes home gardens and small-scale landscaping, is experiencing growth, but it is smaller when compared to its commercial counterpart. Since there are higher costs associated with these costly systems, residential users generally benefit less immediately from them. Nonetheless, an increase in awareness towards water conservation and environmental sustainability is likely to facilitate more use of drip irrigation by homeowners.

However, the commercial sector is leading as it remains the biggest player in agriculture and large-scale operations where drip irrigation provides benefits in terms of efficiency and productivity.

Future Market Scenario (FY2025 – FY2032F)

1. Through continuous government initiatives and subsidies, increased adoption of drip irrigation is likely to be stimulated. It will eliminate initial cost hurdles through financial support and offer technical assistance for extensive usage.

2. The ramifications of climate change will expand the requirement for effective irrigation systems due to erratic rainfall patterns and rising water stress.

Report Scope

“India Drip Irrigation Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India drip irrigation market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Contact
Mr. Vivek Gupta
5741 Cleveland street,
Suite 120, VA beach, VA, USA 23462
Tel: +1 (757) 343-3258
Email: info@marketsandata.com
Website: https://www.marketsandata.com/

Pressemitteilung teilen:

Schreibe einen Kommentar