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According to MarketsandMarkets, the drip irrigation market is projected to reach USD 8.6 billion by 2029 from USD 5.6 billion by 2024, at a CAGR of 9.0% during the forecast period in terms of value. Farmers are recognizing the long-term economic advantages of drip irrigation, including lower water and labor costs and improved crop productivity. With growing concerns over water scarcity, drip irrigation is favored for its efficiency in minimizing water use compared to traditional irrigation methods.
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