The Latin America Agriculture Irrigation Equipment Market is projected to reach $349.7 million by 2030, at a CAGR of 5.7% during the forecast period of 2023 to 2030. The growth of this market is driven by the rising agricultural water scarcity in the region, the increasing government initiatives for sustainable water use, and the growing need for mechanization of agricultural operations. However, the high initial costs of advanced agriculture irrigation equipment and high maintenance costs hinder the growth of this market to some extent.
Moreover, technological advancements in irrigation equipment and the rising automation of irrigation systems are expected to provide market growth opportunities for the stakeholders operating in this market. However, the low awareness of advanced agriculture irrigation technologies is a major challenge for the players in this market. Additionally, the increasing adoption of precision farming techniques is a prominent trend in the Latin America agriculture irrigation equipment market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players between 2020 and 2023. The key players profiled in the Latin America agriculture irrigation equipment market research report are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), and Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel).
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Nowadays, agricultural water scarcity is a pressing issue in many countries in Latin America, and it poses significant challenges to food security. According to UNESCO, agricultural water extraction in Latin America and the Caribbean represents 74% of total water withdrawal, positioning agriculture as the economic activity with the highest consumption of this resource. Moreover, in the region, between 50% and 70% of the water extracted for agriculture gets wasted due to evaporation, leaks, and other reasons. Furthermore, it is further anticipated that the water scarcity problem for the agriculture sector in the region will also increase with the growing population, urbanization, and industrialization. In light of these factors, several governments in Latin America are taking initiatives for the sustainable use of water in agriculture. These factors are expected to drive the demand for agricultural irrigation equipment in the region.
Drought hit the southern cone of the continent, which heavily affected the production and quality of crops in Argentina, Chile, and Paraguay. Over the last four decades up to 2022, the economic loss caused by droughts was around USD 24 billion in Latin America. Furthermore, in the Parana-La Plata basin, drought affects agriculture, which reduces crop production, including soybeans and corn. In Latin America, drought conditions led to a decline of -2.6% in the 2020–2021 cereal harvest compared with the previous season (source: United Nations Framework Convention on Climate Change, UNFCCC). The low availability of water day by day for agricultural operations has created a need for sustainable water use systems, which further increased the demand for irrigation systems such as drip, sprinkler, and pivot systems in the region. Thus, rising demand for different irrigation systems is expected to drive the growth of the agricultural irrigation equipment market in Latin America.
In 2023, the Drip Irrigation Segment is Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Based on type, the Latin America agriculture irrigation equipment market is segmented into drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation systems, and terraced irrigation. In 2023, the drip irrigation segment is expected to account for the largest share of the Latin America agriculture irrigation equipment market. The large market share of this segment is attributed to factors such as increasing demand for drip irrigation systems, primarily in field crops, rising government support and subsidies for drip irrigation to mitigate the impact of water scarcity, and rising demand for precision irrigation technologies in the region. Furthermore, the drip irrigation segment is further slated to register the highest CAGR during the forecast period of 2023–2030 owing to technological advancements in micro-irrigation systems, rising awareness about advanced irrigation technologies, and the need for efficient water management in the agriculture sector due to rising water scarcity.
In 2023, the Tubing Segment is Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Based on component, the Latin America agriculture irrigation equipment market is segmented into tubing, sprinkler heads, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components. In 2023, the tubing segment is expected to account for the largest share of the Latin America agriculture irrigation equipment market. The large market share of this segment is attributed to the increasing adoption of drip and sprinkler irrigation techniques, where tubing plays a crucial role as an essential component for delivering water directly to plant roots and a high number of players offering innovative products. Additionally, the ease of installation and low maintenance requirements of tubing segments have made them a popular choice among farmers in Latin America.
Moreover, the tubing segment is projected to register the highest CAGR during the forecast period of 2023–2030, owing to the rising innovations in tubing technology and the absence of viable substitutes for tubing in irrigation systems.
In 2023, the Open-field Agriculture Segment is Expected to Dominate the Agriculture Irrigation Equipment Market In Latin America
Based on application, the Latin America agriculture irrigation equipment market is segmented into open-field agriculture and closed-field agriculture. In 2023, the open-field agriculture segment is expected to account for the larger share of the Latin America agriculture irrigation equipment market. The large market share of this segment is attributed to the extensive land area dedicated to open-field agriculture, the growing area under soybean cultivation, the rising demand for row crops, and the increasing government initiatives aimed at reducing water wastage through conventional irrigation methods to address water scarcity challenges in the region.
The open-field agriculture segment is further sub-segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. In 2023, the cereals & grains segment is expected to account for the largest share of the Latin America agricultural irrigation equipment market for open-field agriculture. The large market share of this segment is attributed to the high area under cereals and grains, increasing demand for food grains due to a growing global population, the extensive cultivation of staple crops such as wheat, maize, rice, and barley, which serve as the primary food source for a significant portion of the world's population, and the rising challenge of water scarcity, driving the increased adoption of irrigation systems for these crops.
Brazil Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Based on country, the Latin America agriculture irrigation equipment market is segmented into Brazil, Mexico, Argentina, and the Rest of Latin America. In 2023, Brazil is expected to account for the largest share of the Latin America agriculture irrigation equipment market. Brazil’s significant market share is attributed to growing demand for micro irrigation systems, rising government initiatives for water conservation, extensive agricultural land area with high coffee production, growing water scarcity concerns, and the rising adoption of automated irrigation systems.
Scope of the Report:
Latin America Agriculture Irrigation Equipment Market Assessment, by Type
Latin America Agriculture Irrigation Equipment Market Assessment, by Component
Latin America Agriculture Irrigation Equipment Market Assessment, by Application
Latin America Agriculture Irrigation Equipment Market Assessment, by Country
Key Questions Answered in the Report:
Agriculture irrigation equipment encompasses various components and systems, such as drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation, and terraced irrigation. They are specifically designed to meet the water requirements of different crops while minimizing water wastage. These components and systems enhance the efficiency and productivity of agriculture by providing the precise water requirements for each crop.
This report provides detailed market insights, dynamics, and forecasts of the agriculture irrigation equipment market segmented by type, components, application, and country.
The Latin America agriculture irrigation equipment market is projected to reach $349.7 million by 2030, at a CAGR of 5.7% during the forecast period.
Based on component, the tubing segment is expected to witness the fastest growth during the forecast period.
o Rising Agricultural Water Scarcity
o Increasing Government Initiatives for Sustainable Water Uses
o Increasing Need for Mechanization of Agricultural Operations
o High Initial Costs of Advanced Agriculture Irrigation Equipment
o High Maintenance Costs
The key players operating in the Latin America agriculture irrigation equipment market are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), and Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel).
Brazil is expected to account for the largest share of the Latin America agriculture irrigation equipment market in 2023. Brazil’s significant market share is attributed to growing demand for micro irrigation systems, rising government initiatives for water conservation, extensive agricultural land area, growing water scarcity concerns, and the rising adoption of automated irrigation systems. Moreover, the market in Brazil is projected to register the highest CAGR during the forecast period of 2023–2030.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Latin America Agriculture Irrigation Equipment Market, by Type
3.2.2. Latin America Agriculture Irrigation Equipment Market, by Component
3.2.3. Latin America Agriculture Irrigation Equipment Market, by Application
3.3. Latin America Agriculture Irrigation Equipment Market, by Country/Region
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Rising Agricultural Water Scarcity
4.2.1.2. Increasing Government Initiatives for Sustainable Water Uses
4.2.1.3. Growing Need for Mechanization of Agricultural Operations
4.2.2. Restraints
4.2.2.1. High Initial Costs of Advanced Agriculture Irrigation Equipment
4.2.2.2. High Maintenance Costs
4.2.3. Opportunities
4.2.3.1. Technological Advancements in Irrigation Equipment
4.2.3.2. Rising Automation in Irrigation System
4.2.4. Challenges
4.2.4.1. Low Awareness of Advanced Agriculture Irrigation Technologies
4.3. Trend
4.3.1. Increasing Adoption of Precision Farming Techniques
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Value Chain Analysis
5. Latin America Agriculture Irrigation Equipment Market Assessment—by Type
5.1. Overview
5.2. Drip Irrigation
5.3. Sprinkler Irrigation
5.4. Pivot Irrigation
5.5. Furrow Irrigation Systems
5.6. Terraced Irrigation
6. Latin America Agriculture Irrigation Equipment Market Assessment—by Component
6.1. Overview
6.2. Tubing
6.3. Sprinkler Head
6.4. Emitter/Drippers
6.5. Irrigation Valves
6.6. Filters
6.7. Irrigation Controllers
6.8. Other Components
7. Latin America Agriculture Irrigation Equipment Market Assessment—by Application
7.1. Overview
7.2. Open-field Agriculture
7.2.1. Cereals & Grains
7.2.2. Oilseeds & Pulses
7.2.3. Fruits & Vegetables
7.2.4. Other Crops
7.3. Closed-field Agriculture
8. Latin America Agriculture Irrigation Equipment Market Assessment—by Country/Region
8.1. Overview
8.2. Brazil
8.3. Mexico
8.4. Argentina
8.5. Rest of Latin America
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Vendor Market Positioning
9.6. Market Share Analysis
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Netafim Ltd.
10.2. Nelson Irrigation Corporation
10.3. Jain Irrigation Systems Limited
10.4. T-L Irrigation Company
10.5. Valmont Industries, Inc.
10.6. Lindsay Corporation
10.7. Rivulis Irrigation Ltd.
10.8. The Toro Company
10.9. Rain Bird Corporation
10.10. Galcon Bakarim Agricultural Cooperative Society Ltd.
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Latin America Agriculture Irrigation Equipment Market: Key Stakeholders
Table 2 Latin America Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 3 Latin America Drip Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Latin America Sprinkler Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Latin America Pivot Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Latin America Furrow Irrigation Systems Market, by Country/Region, 2021–2030 (USD Million)
Table 7 Latin America Terraced Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Latin America Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 9 Latin America Agriculture Tubing Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Latin America Agriculture Sprinklers Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Latin America Emitter/Drippers Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Latin America Irrigation Valves Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Latin America Irrigation Filters Market, by Country/Region, 2021–2030 (USD Million)
Table 14 Latin America Irrigation Controllers Market, by Country/Region, 2021–2030 (USD Million)
Table 15 Latin America Other Irrigation Components Market, by Country/Region, 2021–2030 (USD Million)
Table 16 Latin America Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 17 Latin America Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2021–2030 (USD Million)
Table 18 Latin America Agricultural Irrigation Equipment Market for Open-field Agriculture, by Country/Region, 2021–2030 (USD Million)
Table 19 Latin America Agricultural Irrigation Equipment Market for Cereals & Grains, by Country/Region, 2021–2030 (USD Million)
Table 20 Latin America Agricultural Irrigation Equipment Market for Oilseeds & Pulses, by Country/Region, 2021–2030 (USD Million)
Table 21 Latin America Agricultural Irrigation Equipment Market for Fruits & Vegetables, by Country/Region, 2021–2030 (USD Million)
Table 22 Latin America Agricultural Irrigation Equipment Market for Other Crops, by Country/Region, 2021–2030 (USD Million)
Table 23 Latin America Agricultural Irrigation Equipment Market for Closed-field Agriculture, by Country/Region, 2021–2030 (USD Million)
Table 24 Latin America: Agriculture Irrigation Equipment Market, by Country/Region, 2021–2030 (USD Million)
Table 25 Brazil: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 26 Brazil: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 27 Brazil: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 28 Brazil: Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2021–2030 (USD Million)
Table 29 Mexico: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 30 Mexico: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 31 Mexico: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 32 Mexico: Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2021–2030 (USD Million)
Table 33 Argentina: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 34 Argentina: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 35 Argentina: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 36 Argentina: Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2021–2030 (USD Million)
Table 37 Rest of Latin America: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 38 Rest of Latin America: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 39 Rest of Latin America: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 40 Rest of Latin America: Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2021–2030 (USD Million)
Table 41 Recent Developments, by Company (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2023, the Drip Irrigation Segment is Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Figure 8 In 2023, the Tubing Segment Is Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Figure 9 In 2023, the Open-field Agriculture Segment Is Expected to Dominate the Latin America Agriculture Irrigation Equipment Market
Figure 10 Brazil Dominates the Latin America Agriculture Irrigation Equipment Market
Figure 11 Factors Affecting Market Growth
Figure 12 Latin America Agriculture Irrigation Equipment Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 13 Latin America Agriculture Irrigation Equipment Market, by Component, 2023 Vs. 2030 (USD Million)
Figure 14 Latin America Agriculture Irrigation Equipment Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 15 Latin America Agriculture Irrigation Equipment Market for Open-field Agriculture, by Type, 2023 Vs. 2030 (USD Million)
Figure 16 Latin America Agriculture Irrigation Equipment Market, by Country/Region, 2023 Vs. 2030 (USD Million)
Figure 17 Latin America: Agriculture Irrigation Equipment Market Snapshot (2023)
Figure 18 Key Growth Strategies Adopted by Leading Players (2020–2023)
Figure 19 Competitive Dashboard: Latin America Agriculture Irrigation Equipment Market
Figure 20 Latin America Agriculture Irrigation Equipment Market: Competitive Benchmarking, by Type
Figure 21 Netafim Ltd.: Financial Overview (2022)
Figure 22 Jain Irrigation Systems Limited: Financial Overview (2023)
Figure 23 Valmont Industries, Inc.: Financial Overview (2022)
Figure 24 Lindsay Corporation: Financial Overview (2022)
Figure 25 The Toro Company: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2024
Published Date: Jun-2023
