Will Drip Irrigation Market witness sustainable growth in coming years? Rivulus Irrigation, Toro Company, EPC Industries LTD, and Eurodrip
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Major players are adopting various inorganic growth strategies in order to enhance their footprint in the market. For instance, Rivulis Irrigation Ltd. of Israel merged with Eurodrip S.A. of Greece in 2017. Major players operating in drip irrigation market include Rain Bird Corporation, Netafim limited, Lindsay Corporation, S.A, Driptech Incorporated, Microjet Irrigation System, Rivulus Irrigation, Toro Company, EPC Industries LTD, and Eurodrip.
Drip Irrigation Market Outlook:
• Asia Pacific market is anticipated to grow at a substantial rate over the forecast period, owing to incentives and subsidies provided by the government. Moreover, advantages associated with use of drip irrigation such as high yield and low wastage of water are fueling growth of the market in emerging economies such as China and India. Furthermore, the restriction on soil erosion and easy fertilization are major factors driving growth of the drip irrigation market. The Department of Agriculture and Farmers Welfare in India under the Accelerated Irrigation Benefit Programme (AIBP) of Ministry of Water Resources (MOWR) has proposed a scheme of approximately 153 Million US$ for the period of 2015 -2016.
• The drip irrigation market in Europe is expected to gain significant traction over the forecast period, owing to reduction in arable land, water scarcity due to industrialization, and increasing population in Europe. Moreover, government is encouraging high crop production with limited resources through drip irrigation. In 2016, EU and Eritrea has signed a deal of US$ 22.24 million for Drip Irrigation Systems Supply and Installation Deal.
• Drip irrigation is also expected to have high demand in the Middle East and North African region (MENA), owing to the need for water management in arid regions. Moreover, increased greenhouse irrigation in Egypt and Qatar has further augmented the growth of drip irrigation market.
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The Global Drip Irrigation Market Research Report 2017 to 2022 renders deep perception of the key regional market status of the Drip Irrigation Industry on a global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. To Get Sample Copy of Report visit @ https://goo.gl/4FBGJG The potential of this industry segment