Latin America's greenhouse irrigation systems market size is expected to reach USD 191.01 million in 2024 and reach USD 309.44 million by 2029, growing at a CAGR of 10.13% from 2024 to 2029.
The market is predicted to showcase the immense potential in the given forecast period with the rising demand for higher crop yields and rising awareness among farmers related to the benefits of greenhouse irrigation systems.
The Greenhouse Irrigation Systems market refers to various types of irrigation systems used in a greenhouse. Greenhouses are generally used in providing plants with favorable climatic conditions usually demand adequate water in maintaining better growth and high yield. The common techniques used for irrigation of greenhouses include boom irrigation, drip irrigation etc.
Latest technological developments and increases in greenhouse-covered areas have created an opportunity for the market to gain momentum into the agricultural industry. Other major factors driving the greenhouse irrigation system market include a focus on water usage efficiency, better quality & yield of crops, demand for varied crops round the year, and rising population resulting in increased demand. The restraints and challenges faced by the market are high maintenance costs, huge investment in setting up, and lack of technical knowledge.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
10.13% |
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Segments Covered |
By Type, Application and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
Brazil, Mexico, Argentina, Chile and Rest of Latin America |
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Market Leaders Profiled |
Rivulis Irrigation Ltd., Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Valmont Industries Inc., Lindsay Corporation, Rain Bird Corporation, EPC Industries Limited, Nelson Irrigation Corporation, Irritec S.P.A. |
The market was dominated by drip irrigation systems in 2016 and is expected the same by the end of 2021.
Out of these, the vegetables lead the overall market share on the basis of application.
The major players dominating the market, by their products and services include Rivulis Irrigation Ltd., Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Valmont Industries Inc., Lindsay Corporation, Rain Bird Corporation, EPC Industries Limited, Nelson Irrigation Corporation, Irritec S.P.A.
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