by MENA drip irrigation systems deliver water directly to plant roots through a network of valves, pipes, tubing, and emitters, allowing precise water and fertilizer application. This minimizes wastage and increases crop yields.
The global MENA Drip Irrigation System Market is estimated to be valued at US$ 508.63 million in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Expanded agricultural production due to the growing demand for food across the MENA region has been a key driver for the drip irrigation system market. Countries are increasingly adopting precision irrigation techniques such as drip irrigation to boost yields and cope with water scarcity issues. The usage of drip irrigation systems allows judicious use of water and fertilizers, improving farm productivity. This trend is expected to continue driving market growth over the forecast period.
SWOT Analysis
Strength: The MENA region has high agriculture potential due to favorable climatic conditions. Drip irrigation systems help optimize water usage and boost crop yields.
Weakness: Lack of awareness among traditional farmers regarding the benefits of drip irrigation systems. High initial investment costs can deter some farmers.
Opportunity: Population growth in the region is driving demand for food, necessitating adoption of efficient irrigation techniques. Government support through subsidies can boost market growth.
Threats: Unpredictable weather patterns due to climate change pose risks. Political unrest in some countries may disrupt supply chains.
Key Takeaways
The MENA Drip Irrigation System Market Size is expected to witness high growth over the forecast period supported by the region’s agricultural growth and need to optimize water usage. The market size for 2023 is projected to reach US$ 508.63 million.
Regional analysis: The GCC region currently dominates the market due to large-scale agricultural activities and government support. Egypt and Iran are also major markets supported by initiatives to promote precision irrigation. With growing focus on sustainability, other North African nations are expected to increasingly adopt drip irrigation systems.
Key players: Key players operating in the MENA drip irrigation system market are Auntie Anne’s, INC, Cinnabon Franchisor SPV LLC, Inc, Hardee’s Restaurants LLC, Firehouse Restaurant Group, Inc, Jack in The Box INC., Restaurant, Brands International Inc, INC, and YUM! BRANDS, INC. These companies are focused on expanding their product portfolio and distribution networks to capitalize on market opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
