This growth is attributed to the increasing demand for precision irrigation in the agricultural industry due to its various advantages such as water conservation, increased crop yield, and cost savings. Furthermore, the increasing awareness among farmers regarding the benefits of drip irrigation is also driving the market growth. Other factors such as the increasing population, rising demand for food, and government initiatives and subsidies are also contributing to the market growth.

The market is further segmented based on technology and region. The technology segment is further divided into surface irrigation, subsurface irrigation, and others. The surface irrigation segment is expected to hold a major share of the market during the forecast period, owing to its easy installation process and the availability of different types of surface irrigation systems.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to dominate the global drip irrigation market during the forecast period, owing to the increasing adoption of drip irrigation systems in the region, due to the increasing demand for food and the growing awareness of the benefits of precision irrigation. Additionally, the governments in the region are providing subsidies and incentives to encourage farmers to adopt modern irrigation systems, which is further driving the market in the region.

The key players in the global drip irrigation market include The Toro Company, Jain Irrigation Systems Ltd., Lindsay Corporation, T-L Irrigation Company, Valmont Industries, Inc., Rivulis Irrigation, Netafim Ltd., Rain Bird Corporation, EPC Industries Ltd., and Hunter Industries.