Report : South America Drip Irrigation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, and Others), Emitter Type (Inline and Online), Application (Agriculture, Green House, and Others), and Type (Surface and Subsurface)
At 12.4% CAGR, the SAM Drip Irrigation Market is speculated to be worth US$ 1,230.85 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the SAM drip irrigation market was valued at US$ 610.40 million in 2022 and is expected to reach US$ 1,230.85 million by 2028, registering an annual growth rate of 12.4% from 2022 to 2028. Sustainable drip irrigation to boost growth opportunities and solar-powered drip irrigation systems are the critical factors attributed to the market expansion.
Irrigation technology is emerging with great potential to transform region largely unexploited agriculture sector by managing issues regarding water scarcity and improving agricultural productivity. High solar radiation, favorable temperatures, and low atmospheric humidity create lucrative opportunities for a high agricultural yield in the region. Concerns regarding the performance of conventional irrigation systems are anticipated to propel the drip irrigation systems in recent years. Moreover, the growing incorporation of advanced technologies in small irrigation projects to mitigate adverse effects of climate change and increase resilience to droughts is projected to create substantial expansion possibilities for the drip irrigation market players in region. Drip irrigation systems deliver water drip by drip to the base of a plant. The technology also enhances farmers’ incomes and resilience to drought and floods. Moreover, growing awareness regarding the benefits of drip irrigation for boosting economic growth, a rise in private sector initiatives, and extended government credit facilities and soft loans to farmers to invest in these technologies are anticipated to boost the drip irrigation market across the region.
On the contrary, soil salinity and clogging hurdles the growth of SAM drip irrigation market.
Based on component, the SAM drip irrigation market is segmented into mitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment held 23.5% market share in 2022, amassing US$ 143.29 million. It is projected to garner US$ 381.54 million by 2028 to expand at 17.7% CAGR during 2022–2028.
Based on emitter, the SAM drip irrigation market is bifurcated into inline and online. The online segment held 60.1% market share in 2022, amassing US$ 367.10 million. It is projected to garner US$ 782.93 million by 2028 to expand at 13.5% CAGR during 2022–2028.
Based on application, the SAM drip irrigation market is segmented into agriculture, green house, and others. The greenhouse segment held 47.6% market share in 2022, amassing US$ 290.26 million. It is projected to garner US$ 834.79 million by 2028 to expand at 19.3% CAGR during 2022–2028.
Based on type, the SAM drip irrigation market is segmented into surface and subsurface. The subsurface segment held 62.9% market share in 2022, amassing US$ 383.95 million. It is projected to garner US$ 813.68 million by 2028 to expand at 13.3% CAGR during 2022–2028.
Based on country, the SAM drip irrigation market is segmented into Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 55.7% market share in 2022. It was assessed at US$ 339.83 million in 2022 and is likely to hit US$ 711.74 million by 2028, exhibiting a CAGR of 13.1% during the forecast period.
Key players dominating the SAM drip irrigation market are Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company among others.
- In 2020, Hunter has formed partnership with POGO, turfgrass technology solutions provider.
- In Mar 2022, Lindsay has launched FieldNet with water trend to provide insights on crop water usage and effective irrigation decision making.
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: email@example.com