The Latin America drip irrigation systems market size is expected to reach USD 549.62 million in 2024 and anticipated to reach USD 939.57 million by 2029, estimated to be growing at a CAGR of 11.32%, from 2024 to 2029.
Drip irrigation are high water productivity irrigation system that is intended to apply water close to the roots of plants. The water is spread over the field through the parallel tubing that are connected through drippers.
Drip irrigation system allows water near the roots of plants which reduces the evaporation of water due to high temperatures. In this manner, because of high points of interest of drip irrigation system techniques over other water system methods propel the market in the region.
Factors such as rising demand for the agricultural products due to increasing population, increasing technological advancement in irrigation facilities, decreasing water wastage, government subsidies in various countries are propelling the growth of the market. High investment cost and lack of proper awareness are limiting the market.
On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, and Mexico.
Some of the key players influencing the market are Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Eurodrip S.A, EPC Industries Limited, Rain Bird Corporation, Rivulus Irrigation, and Driptech Incorporated.
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