Global Micro Irrigation System Market at a 15.73% of CAGR by 2027
KEY FINDINGS Global micro irrigation system market is likely to progress with a CAGR of 15.73% to reach a revenue of $14.78 billion by 2027. The base year considered for the market study is 2018 and the projected period is from 2019 to 2027. The growing interest of farmers to use micro-irrigation systems, decreasing per capita arable land and growing demand of MIS from emerging economies are responsible for driving growth in this market. To know more about this report, request a free sample copy. MARKET INSIGHTS The market, however, is primarily driven by rising water scarcity. Water is depleting to a greater extent and needs to be utilized optimally. The increasing reduction in water-bed levels across the world, which is forcing farmers worldwide to choose better irrigation systems depending on minimal amounts of water, unlike traditional micro irrigation systems. Furthermore, government encouragement drives the market, notably. Wastewater utilization and fresh...