Growing Importance for Low-cost Operations and Rapid Mechanization set the Drip Irrigation Market to Grow in Emerging Economies

NEW YORK, April 20, 2015 /PRNewswire/ --

Drip irrigation has emerged as one of the efficient and cost-effective solutions to address challenges of food shortages and increasing crop yield. Drip irrigation refers to sourcing of water or nutrients to the roots of the plants. According to research studies, productivity has increased by 20%-90% for different crops such as grapes, coconuts, maize and cotton through the adoption of drip irrigation methods. In the past decade, there has been an immense growth in drip irrigated area in India, China and Brazil due to declining water resources. Though, drip systems irrigates less than 5% of total irrigated land in China, India and Brazil, it holds a huge growth prospects for the coming years due to farm mechanization and need for low-cost operations.

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According to the statistics of Ministry of Agriculture (India), the nation possesses 27 million ha of land or 25% of total irrigated land that supports drip irrigation application. There has been a growing emphasis on the need for drip irrigation in agriculture due to declining water resources and increasing adverse effects of underground exploitation of water. Though, drip irrigation systems are available at $300-$1000 per ha in these nations, these are relatively cheaper compared to that of developed nations. But for a typical small farm holder it is a huge investment even if the relatively low cost. The adoption of drip irrigation systems has been uneven within these nations due to variability in government support, public awareness and cropping systems.

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Global players such as Netafim Ltd.(Israel),Jain Irrigation Pvt Ltd.(India) have a stronghold on these markets with their products catering the local needs according to a recent report from IndustryARC on the global farm equipment market. Drip irrigation is widely employed in U.S., Israel and Western Europe when compared to developing economies where these systems have gained importance in the recent years. In emerging markets such as China, India and Brazil, with rapid farm mechanization coupled with increasing awareness among farmers, drip irrigation application is set to spread at a rapid pace in the coming years.

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Global Precision Agriculture and Tools Market (2013-2020): By Type (Precision Agriculture, Precision Livestock, Precision Viticulture and Others); By Technology (Variable Rate Technology, Guidance Systems and Others); By Application (Harvesting, Field Applications, Yield Monitoring and Others) and By Geography

http://industryarc.com/Report/208/Precision-Farming-Market-Research-Analysis-Report.html

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