Jain Irrigation Systems Ltd. and Netafim Lead the Drip Irrigation Market

06/nov/2020 11:13:10 MarketsandMarkets Contatta l'autore

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The drip irrigation market is estimated to be valued at USD 5.5 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 10.8% during the forecast period. The growth of the drip irrigation market is driven by factors such as enhanced crop yields, optimum utilization of resources, reduced fertilizer losses and increasing efficiency in agricultural production.

The key manufacturers of drip irrigation systems and components in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), KSNM Drip (India), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US).

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Jain Irrigation Systems Ltd. (India)  is primarily engaged in the design, manufacture, and sales of irrigation systems, piping products, and plastic sheets. The company operates through four business segments - high-tech agro-input products, plastics division, agro-processing division, and others. Through its high-tech agro-input products segment, the company manufactures and markets irrigation systems, such as drip and sprinkler, mainly for agricultural businesses. Jain Irrigation offers a broad portfolio of drip irrigation products that are sold in India and other regions through its subsidiaries and distributors. It is also involved in the manufacturing of fruit / vegetable juices, concentrates, squash, and powders.The company operates, globally, through its subsidiaries Jain Irrigation (India), Cascade Specialties (US), and Jain Sulama Sistemleri Sanayi Ve Ticaret Anonim Sirkti (Turkey). Jain Irrigation operates through its production sites in 24 countries around the world and offers its products and solutions to customers across 130 countries, as of 2018. The company maintains operations that are spread across the US, Europe, the Middle East, Africa, and the Asia Pacific. The company's recent activities, including the acquisition of Agri-Valley Irrigation, LLC. (AVI) (US), Irrigation Design and Construction, LLC (IDC) (US), and Driptech India Pvt. Ltd. (India) highlight its focus on inorganic growth strategies.Jain Irrigation has a strong base in drip irrigation, which is driven by its vast portfolio of products that are tailored to different terrains and scenarios. The company's focus on R & D has helped propel the growth prospects for its products to meet customer requirements. Its emphasis on inorganic growth strategies has helped ensure stronger growth over the past three years as they seek to diversify their business prospects across multiple verticals.

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