Drip irrigation is a type of micro-irrigation system, which has the potential to save water and nutrients by allowing water to drip slowly to the roots of plants. The primary objective of a drip irrigation system is to save water directly into the root zone and minimize evaporation. Drip irrigation systems offer higher water use efficiency and minimal human intervention for water application purposes.
The MENA Drip Irrigation Systems Market is estimated to account for US$ 361.6 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of US$ 1,650.63 during the forecasted period (2022-2030).
Market Opportunity
Growing penetration in emerging economies can present lucrative growth opportunities in the MENA drip irrigation systems market
The penetration of the drip irrigation systems market is high in countries such as Turkey, Egypt, and Israel. Drip irrigation systems in these countries are primarily used for agriculture and greenhouse production. However, the drip irrigation systems market is expected to find immense opportunities in the Gulf Cooperation Council (GCC) countries such as Qatar, UAE, and others for public and residential gardens. In addition, with growing efforts for agricultural development in Morocco, Saudi Arabia, and Qatar, drip irrigation systems are expected to witness substantial demand in the near future.
Increasing adoption of precision agriculture can provide key business opportunities in the MENA drip irrigation systems market
Precision agriculture refers to an approach of farm management that uses information technology (IT), in order to ensure that soil and crops receive exact nutrients for optimum health and productivity. The primary objective of precision agriculture is to ensure profitability, sustainability, and protection of the environment. Drip irrigation system plays a crucial role in precision agriculture since it provides the exact amount of water to the roots of plants without wastage. Many countries have started encouraging precision agriculture, in order to enhance product yield and improve profitability.
Market Restraint
High-cost drip irrigation systems are expected to restrain the growth of the MENA drip irrigation systems market during the forecast period
The drip irrigation system is significantly expensive and requires a large initial investment as compared to other irrigation systems. The installation cost of drip irrigation systems is much higher than sprinkler systems. Furthermore, the purchasing cost of drip irrigation systems is beyond the capacity of small and marginal farmers, hence inhibiting market growth among this demographic. Hence, these factors are expected to restrain the growth of the MENA drip irrigation systems market during the forecast period.
High maintenance cost is expected to hinder the MENA drip irrigation systems market growth over the forecast period
Apart from the initial investment, the maintenance cost required for drip irrigation is significantly high. The majority of the components used in drip irrigation systems, such as valves, tubing, and backflow preventers, are made from plastic for cost-effectiveness. However, direct sunlight causes damage to these plastic components, thus reducing their life span and leading to additional expenditures for their replacement. Hence, these factors are expected to hinder the MENA drip irrigation systems market growth in the near future.
MENA Drip Irrigation Systems Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 361.6 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 18.6 % | 2030 Value Projection: | US$ 1,650.63 Mn |
Geographies covered: |
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Companies covered: |
MENA Drip Irrigation Systems Market include Elgo Irrigation Ltd., Netafim Ltd., Eurodrip SA, Jain Irrigation Systems Ltd., Hunter Industries, Inc., The Toro Company, and Rain Bird Corporation. |
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Restraints & Challenges: |
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MENA Drip Irrigation Systems Market - Impact of Coronavirus (Covid-19) Pandemic:
Owing to Covid-19 almost each and every industry got heavily impacted. In addition to this various norms imposed by the government resulted in the suspension of various businesses. This suspension leads to a halt in the development of drip irrigation systems. Furthermore, there was less workforce available which caused disruptions in the Maintenance of the drip irrigation systems.
Moreover, Owing to the reduced purchasing power, people are less likely to spend on agriculture equipment such as Drip Irrigation Systems during the years 2020-2021.
Due to such factors MENA Drip Irrigation Systems Market shown slow growth during pandemic.
Competitive Scenario
Key players operating in the MENA Drip Irrigation Systems Market include Elgo Irrigation Ltd., Netafim Ltd., Eurodrip SA, Jain Irrigation Systems Ltd., Hunter Industries, Inc., The Toro Company, and Rain Bird Corporation.
Recent Developments:
In June 2022, Jain Irrigation Systems Ltd., announced the merger of its international business with Rivulis, through this merger Jain Irrigation Systems Ltd., will drive the growth of India’s agriculture industry and extent them at certain heights.
The forecasted Middle East is expected to hold a dominant position in the Cable Management Systems Market in 2030
Statistics:
Middle East held dominant position in the MENA Drip Irrigation Systems market in 2019, accounting for 74.2% share in terms of value, followed by North Africa.
Figure 1: MENA Drip Irrigation Systems Market Share (%), By Region, 2021
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Middle East is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to the increasing demand for drip irrigation systems in the Middle East market.
Figure 2: MENA Drip Irrigation Systems Market (US$ Mn) Analysis and Forecast, 2017 – 2030
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The MENA Drip Irrigation Systems Market was valued at US$ 361.6 Mn in 2021 and is expected to reach US$ 1,650.63 Mn by 2030, growing at a CAGR of 18.6% between 2022 and 2030.
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