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Micro Irrigation System Market to Reach $3414.7 Million by 2016 at a CAGR of 17.9% - New Report by MarketsandMarkets
Date:5/24/2013

(PRWEB) May 24, 2013

According to the new market research report “Micro Irrigation System Market Trends and Global Forecasts (2011 - 2016)” published by MarketsandMarkets, global micro irrigation system market expected to reached over $1,290 million by the end of year 2010 and is expected to reach $3,414.7 million by 2016, growing at a CAGR of 17.9% from 2011 to 2016.

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http://www.marketsandmarkets.com/Market-Reports/micro-irrigation-system-market-566.html

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The global micro irrigation system market is one of the fastest growing segments of global agriculture industry. This growth is fueled by Government encouragement for adoption of micro irrigation system as regular practice for future safety due to water scarcity, in order to conserve natural water resources. This growth is particularly higher in geography such as Africa and Asia-Pacific due to increased water scarcity and farmers awareness regarding improvement in yield quality and quantity using micro irrigation.

Crop protection expense is the second highest expense after fertilizer in farming expenses, both the major expenses can be reduced with fertigation and chemigation. Hence in areas other than water scarce area, fertigation and chemigation have proven to be the winning imperatives for the global micro irrigation system market. Hence micro irrigation systems are the most cost effective way of protecting crops from both biotic and abiotic stresses.

Sprinkler micro irrigation systems, which includes micro sprinkler irrigation and micro jet irrigation system
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