Drip Irrigation Systems Market by Component, by Corp Type, by Application, by Region, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027 - PowerPoint PPT Presentation

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Drip Irrigation Systems Market by Component, by Corp Type, by Application, by Region, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

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The global drip irrigation systems market size is accounted to register a significant CAGR of 12.5% during the forecast period 2021 to 2027 and expected to reach over USD 5 billion by 2027. The rising water crisis around the world is a primary factor to drive the market growth. Furthermore, the increasing demand for agricultural products is expected to propel the market in next upcoming years. In addition, the increasing subsidies from the government in various regions is another factor to fuel the market. In addition, the increasing agricultural activities in some emerging economies such as China, India, and Brazil are further projected to boost the market over the forecast period. However, the high initial cost associated with the installation of drip irrigation systems is expected to restrain the market growt. – PowerPoint PPT presentation

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