(Food-Beverage-News.Com, April 13, 2017 ) According to the report “Global Micro Irrigation Systems Market ", published by Market Data Forecast, the global market is projected to reach USD 8.71 billion by 2021, at a CAGR of 17.80% from 2016 to 2021.
Irrigation means provision of water to dry land for crop development. The micro-irrigation method consists of supply of water at regular periods above and below the soil surface. They are usually low or medium-pressure systems that distribute water in the form of mist, sprinkles, drip, spray, and jet. With the impeding dangers of water scarcity, micro irrigation systems prove to be an advanced and effective solution as compared to the traditional irrigation methods.
The growth of the Global Micro Irrigation Systems market is majorly due to factors such as depleting water levels, Favourable regulatory outline and government programmes. Negligible soil erosion, low weed growth and trouble-free fertigation implementation are some of the additional benefits associated with Micro Irrigation Systems. However, factors such as high initial investment and high maintenance requirement are impeding the growth of the market. This industry also lacks proper supervising agency and guidelines, thereby neglecting product manufacturing operations, which could result in product duplication.
The industry is highly disjointed with several small, medium and large scale players. Companies are funding R&D projects and building collaborations to achieve a stronger position in the market by boosting their product portfolio. The major companies dominating the global Micro Irrigation Systems market are Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.
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