The Latin America Micro Irrigation Systems Market was worth $0.64 billion in 2021 and estimated to be growing at a CAGR of 17.45%, to reach $1.43 billion by 2026. With a shortage of land and water, growing importance is being put on the support of advanced technologies that can help enhance crop output.
Micro-irrigation systems deliver water to the plant roots through an intricate pipe linkage system and low discharge emitters. The water discharge outline in these systems can be altered as per individual plant water necessities as several horticulture, and agronomic plants have unique requirements. The system consists of components such as pipes, flow control gear, tubes, and low discharge water-emitting machines.
Latin America Micro Irrigation Systems Market Drivers:
The growth of the Latin America Micro Irrigation Systems market is majorly driven by factors such as water scarcity; rising population coupled with growing food demand, and advanced production practices. However, factors such as high initial investment and high upkeep costs of the micro-irrigation systems are impeding the growth of the market in this region.
Latin America Micro Irrigation Systems Market – By Type:
Drip Irrigation System
Sprinkler Irrigation Systems lead the market for Micro Irrigation Systems, whereas are Drip Irrigation Systems are growing at the highest CAGR during the forecast period. With the advance of micro sprinklers, irrigation on low value field crops has enhanced, thereby increasing the demand for micro sprinklers.
Latin America Micro Irrigation Systems Market – By End User:
Latin America Micro Irrigation Systems Market – By Application:
Orchard Crops & Vineyards lead the market on the basis of application, followed by Plantation Crops.
Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. There is huge potential for expansion of irrigated areas in this region as it is vital for bolstering local economy and for increasing food security. Poor irrigation administration can have a great effect on crop output and on environment, which can be avoided by proper implementation of Micro Irrigation Systems.
The industry is highly disjointed with several small, medium and large scale players. Companies are funding R&D projects and building collaborations to achieve a stronger position in the market by boosting their product portfolio. The major companies dominating the Micro Irrigation Systems market in this region are Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.
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