Market by Product, Type of Crops, and Country | Forecast 2021-2028
Triton’s report suggests that the Latin American micro irrigation systems market is projected to register progress at a CAGR of 15.53% during the given period 2021-2028.
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The
countries analyzed in this market include:
• Brazil
• Mexico
• Rest of Latin America
In
Latin America, the problems associated with water scarcity have led to the rise
in the adoption of micro irrigation solutions. Here, micro irrigation systems
offer efficient water utilization techniques, while enhancing crop cultivation.
Moreover, the growing population, along with the increasing demand for food, is
another factor anticipated to fuel the need for micro irrigation systems. This
further contributes mainly to the development of the micro irrigation systems
market in Latin American nations.
Brazil,
for instance, is among the three largest producers and exporters of coffee,
sugar, tobacco, soybean, and others. Here, Brazil’s thriving agricultural
sector primarily motivates the implementation of multiple irrigation systems,
such as micro irrigation. This has resulted in the high adoption rate of center
pivot irrigation and sprinkler irrigation systems across the country.
Additionally, numerous agricultural across are covered in flood irrigation,
furrow irrigation, and localized irrigation methods. Therefore, the growing
adoption of micro irrigation systems primarily motivates the growth of the
micro irrigation systems market throughout Brazil.
However,
in Mexico, the majority of low-income farmers are using traditional farming
methods, which has resulted in low yields. Moreover, the crop production levels
are anticipated to reduce significantly, if farmers fail to adopt innovative
modern agricultural techniques by 2030. Earlier, the government launched a
MasAgro project that targeted modernizing conventional farming practices, while
attaining sustainability. This project primarily supports the country’s farmers
to enhance their farming practices. Hence, the government’s efforts to increase
awareness among farmers are expected to propel the micro irrigation systems
market on a growth path.
Valmont
Industries Inc is involved in the production and distribution of engineered
products for infrastructure and agriculture markets. Its product portfolio
includes roadway safety systems, traffic poles, mass transit systems, and
others. Moreover, it also offers mechanized irrigation systems, such as
sprinklers, central pivot, flotation and tractions, and irrigation pumping
solutions. Valmont has operations across several regions, including Latin
America.
1. LATIN
AMERICA MICRO IRRIGATION SYSTEMS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. EMERGENCE
OF AUTOMATED MICRO IRRIGATION SYSTEMS
2.1.2. MICRO
IRRIGATION SYSTEM – NEW ALTERNATIVE FOR WASTEWATER UTILIZATION
2.1.3. INCREASED
DEMAND FROM EMERGING ECONOMIES
2.2. IMPACT
OF COVID-19 ON MICRO IRRIGATION SYSTEMS MARKET
2.3. PORTER'S
FIVE FORCES ANALYSIS
2.4. VENDOR
SCORECARD
2.5. MARKET
ATTRACTIVENESS MATRIX
2.6. INDUSTRY
COMPONENTS
2.6.1. MANUFACTURERS
AND IMPORTERS
2.6.2. MACHINERY
DEALERS
2.6.3. LOCAL
SERVICE PROVIDERS
2.6.4. END-USERS
2.7. KEY
IMPACT ANALYSIS
2.7.1. AVAILABILITY
2.7.2. BRAND
VALUE
2.7.3. PRICE
2.7.4. USER-FRIENDLY
AND DURABLE PRODUCTS
2.7.5. PERFORMANCE
2.8. KEY
MARKET STRATEGIES
2.8.1. PARTNERSHIP/CONTRACTS/AGREEMENTS/COLLABORATIONS
2.8.2. BUSINESS
EXPANSIONS/DIVESTITURE
2.8.3. ACQUISITIONS/MERGERS
2.8.4. PRODUCT
LAUNCH
2.9. MARKET
DRIVERS
2.9.1. GROWING
INTEREST IN FARMERS TO USE MICRO IRRIGATION SYSTEMS
2.9.2. CONCERNS
OF FRESHWATER CONSERVATION AND DIMINISHING WATER RESOURCES
2.9.3. BOOMING
POPULACE AND DECLINING PER CAPITA ARABLE LAND
2.10. MARKET
RESTRAINTS
2.10.1. HIGH
COST OF MICRO IRRIGATION SYSTEMS
2.10.2. CONCERNS
RELATED TO OVER IRRIGATION AND CLOGGING
2.11. MARKET
OPPORTUNITIES
2.11.1. GOVERNMENT
INITIATIVES
2.11.2. INCREASED
DEMAND FROM NURSERY AND COMMERCIAL GARDENS
3. LATIN
AMERICA MICRO IRRIGATION SYSTEMS MARKET - BY PRODUCT
3.1. SPRINKLERS
3.2. DRIP
IRRIGATION
4. LATIN
AMERICA MICRO IRRIGATION SYSTEMS MARKET - BY TYPE OF CROPS
4.1. ORCHARD
CROPS
4.2. FIELD
CROPS
4.3. PLANTATION
CROPS
4.4. OTHERS
(FORAGE & GRASSES)
5. LATIN
AMERICA MICRO IRRIGATION SYSTEMS MARKET - REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. AGRODRIP
SA
6.2. ANTELCO
PTY LTD
6.3. DAYU
IRRIGATION GROUP CO LTD
6.4. DEERE
& COMPANY
6.5. ELGO
IRRIGATION LTD
6.6. HARVEL
AGUA INDIA PRIVATE LIMITED
6.7. HUNTER
INDUSTRIES
6.8. IRRIGATION
AND WATER TECHNOLOGIES (IWT)
6.9. IRRITEC
SPA
6.10. JAIN
IRRIGATION SYSTEMS LTD (JISL)
6.11. LINDSAY
CORPORATION
6.12. MAHINDRA
EPC IRRIGATION LIMITED
6.13. METZER
6.14. NELSON
IRRIGATION CORPORATION
6.15. NETAFIM
LTD
6.16. RAIN
BIRD CORPORATION
6.17. RIVULIS
IRRIGATION
6.18. TECO
SRL
6.19. T-L
IRRIGATION CO
6.20. TORO
COMPANY
6.21. VALMONT
INDUSTRIES INC
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE
1: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, COUNTRY OUTLOOK, 2021-2028
(IN $ MILLION)
TABLE
2: MARKET ATTRACTIVENESS MATRIX
TABLE
3: VENDOR SCORECARD
TABLE
4: KEY STRATEGIC DEVELOPMENTS
TABLE
5: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY PRODUCT, 2021-2028 (IN $
MILLION)
TABLE
6: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY TYPE OF CROPS, 2021-2028
(IN $ MILLION)
TABLE
7: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, COUNTRY OUTLOOK, 2021-2028
(IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: KEY IMPACT ANALYSIS
FIGURE
3: INDUSTRY COMPONENTS
FIGURE
4: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY PRODUCT, 2020 & 2028
FIGURE
5: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY SPRINKLERS, 2021-2028 (IN
$ MILLION)
FIGURE
6: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY DRIP IRRIGATION, 2021-2028
(IN $ MILLION)
FIGURE
7: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY TYPE OF CROPS, 2020 &
2028
FIGURE
8: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY ORCHARD CROPS, 2021-2028
(IN $ MILLION)
FIGURE
9: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY FIELD CROPS, 2021-2028 (IN
$ MILLION)
FIGURE
10: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY PLANTATION CROPS,
2021-2028 (IN $ MILLION)
FIGURE
11: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, BY OTHERS (FORAGE &
GRASSES), 2021-2028 (IN $ MILLION)
FIGURE
12: LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET, REGIONAL OUTLOOK, 2020 AND
2028 (IN %)
FIGURE
13: BRAZIL MICRO IRRIGATION SYSTEMS MARKET 2021-2028 (IN $ MILLION)
FIGURE
14: MEXICO MICRO IRRIGATION SYSTEMS MARKET 2021-2028 (IN $ MILLION)
FIGURE
15: REST OF LATIN AMERICA MICRO IRRIGATION SYSTEMS MARKET 2021-2028 (IN $
MILLION)