Latin America Micro Irrigation Systems Industry to grow at a CAGR of 17.45% during 2016 to 2021
According to the report Latin America Micro Irrigation Systems Industry, published by Market Data Forecast, The Industry was worth $0.46 billion in 2016 and estimated to be growing at a CAGR of 17.45%, to reach $1.03 billion by 2021.
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.
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The growth of the Latin America Micro Irrigation Systems Industry 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 Industry in this region.
The Latin America Micro Irrigation Systems Industry is segmented based on Type, End User, and Application. The Industry for Micro Irrigation Systems, on the basis of Type, is classified into Drip Irrigation System, Sprinkler Irrigation System, Central Pivot Irrigation System, and Lateral move Irrigation System.
Drip Irrigation System is further segmented into Backflow Preventers, Filters, Drip Tube, Valves, Pressure Regulators, and Emitters, whereas Sprinkler Irrigation System is further classified into Tubing, Sprinkler Heads, Pumping Unit, Fittings and Accessories, and Couplers. Central Pivot Irrigation System is further segmented into Pipelines, System control towers, Water Emitters, and Central Towers.
Sprinkler Irrigation Systems lead the Industry 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.
On the basis of End User, the Micro Irrigation Systems Industry is segmented into Farmers, Industrial Users, and Others. On the basis of Application, the Micro Irrigation Systems Industry is segmented into Plantation Crops, Orchard Crops & Vineyards, Field Crops, Forage & Turf Grasses, and Others.
Orchard Crops & Vineyards lead the Industry on the basis of application, followed by Plantation Crops.
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Latin America Industry 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 Industry by boosting their product portfolio.
The major companies dominating the Micro Irrigation Systems Industry 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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Key Points from Table of Contents
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Latin America Micro Irrigation Systems Industry: Segmentation
- By Type
- o Drip Irrigation System
- o Sprinkler Irrigation System
- o Central Pivot Irrigation System
- o Lateral move Irrigation System
- By End User
- o Farmers
- o Industrial Users
- o Others
- By Application
- o Plantation Crops
- o Orchard Crops & Vineyards
- o Field Crops
- o Forage & Turf Grasses
- o Others
- Rest of Latin America
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders' Analysis
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