Press release
Growing Water Scarcity Concerns to Drive MENA Drip Irrigation Systems Market to US$317.42 mn by 2020 at Moderate 18.30% CAGR from 2013 to 2020
According to the research study, in 2013, the MENA drip irrigation systems market was worth US$98.27 mn. This market is expected to log an 18.30% CAGR between 2013 and 2020 and will reach US$317.42 mn by 2020.
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Drip irrigation is a type of irrigation that helps in saving both fertilizers and water by letting water drip slowly near the roots of the plants. Drip irrigation works effectively through a network of pipes, emitters, valves, and tubing. Drip irrigation systems are designed by taking into consideration the growing issues of water scarcity worldwide. The variation in water and fertilizer supply can be regulated through drippers and valves. It also helps in lessening soil erosion.
The increasing penetration of drip irrigation in several developing countries is one of the major opportunities for the key players operating in the drip irrigation systems market in MENA. In addition, the growing need to boost agricultural yield along with minimal water wastage and high water efficiency offered by drip irrigation systems are some of the other factors projected to fuel the growth of the market throughout the forecast period. On the flip side, the high cost of drip irrigation systems is anticipated to hamper the growth of the market in the next few years.
By application, the MENA drip irrigation systems market has been categorized into gardens, agriculture, and others. In 2013, the agriculture segment led the market, accounting for a 49% share in the overall market. This segment is predicted to remain in the top-most position in the coming years, exhibiting an 18.90% CAGR between 2014 and 2020. On the basis of components, in 2013, the tubing segment dominated the market, holding a 39.50% share in the overall market. The tubing segment is anticipated to grow at a fast pace registering a significant 19.90% CAGR between 2014 and 2020.
By geography, the MENA drip irrigation systems market has been divided into the Middle East and North Africa. The Middle East market for drip irrigation systems is anticipated to lead the overall market in the coming years, registering an 18.30% CAGR between 2014 and 2020. The growing market penetration in Turkey, Iran, and Israel is the key factor driving the drip irrigation systems market in the Middle East. On the other hand, the North Africa market for drip irrigation is estimated to grow rapidly, registering an 18.50% CAGR between 2014 and 2020. The high growth of this region can be attributed to the rapid growth of the agriculture sector. However, the Middle East is expected to remain in the leading position in the next few years.
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The research study, in the last section, covers the competitive scenario and offers a comprehensive vendor analysis of the drip irrigation systems market in MENA. Detailed profiles of the leading players operating in the market have been included in the scope of the study. Some of the prominent players mentioned in the research report are Elgo Irrigation Ltd., Eurodrip SA, Hunter Industries, Inc., Rain Bird Corporation, Jain Irrigation Systems Ltd., Netafim Ltd., and The Toro Company.
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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