Global Micro Irrigation System in Field Crops Market to Reach $1223.7 Million in 2018

Date:01-26-2015

According to the report "Global Micro Irrigation System in Field Crops Market", the micro irrigation system in field crops market is estimated to grow from around $541.6 million in 2013 to $1223.7 million by 2018, at a CAGR of 17.7% between 2013 and 2018. Asia Pacific led the global micro irrigation system in field crops market with around 32.4 % share in 2013. This regional market is estimated to grow with a CAGR of 20.5% till 2018, higher than the growth rate of the global market.

Micro irrigation system is extensively used in a variety of field crops. There are many parameters which impact the profitability and financial feasibility of field crops. In order to achieve maximum profitability, annual cost of crop production needs to be controlled. Irrigation is one of the most important factors that affect the profitability and quality of field crops. Irrigation of field crops is a slightly undeveloped market, but as commodity prices for corn, cotton, and other vegetable and flower crops are rising, growers are taking interest in investing on irrigation systems for field crops. The micro irrigation system market for field crops is still underdeveloped. However, with increasing water scarcity and positive impact of micro irrigation systems on yield and quality, farmers are increasingly adopting these systems for field crops.

Key players in the Global Micro Irrigation System in Field Crops market are access Irrigation Ltd., Antelco Pty. Ltd., Driptech, Inc., Elgo Irrigation Ltd., Ewing Irrigation Products Inc., Hunter Industries, Inc., Life Irrigation etc.