The Latin America, Middle East and Africa Microirrigation Systems Market would witness market growth of 11.9% CAGR during the forecast period (2021-2027).
In many countries, particularly in the Sub-Saharan region, the lack of basic infrastructure is a major barrier to the development of micro irrigation systems. The agricultural sector in this region faces a number of key obstacles, including a lack of market information and storage facilities as well as a lack of business skills and understanding. The high cost of transportation is caused by insufficient infrastructure, which forces agro-input dealers to travel vast distances to buy and distribute items according to the African Journal of Agricultural Research. Many African country have equal involvements in world trade but these countries are hampered by poor domestic infrastructure and limited access to agricultural loans. Moreover, variations in raw material prices and a lack of awareness in developing nations are expected to impede the market growth.
Brazil is one of the largest irrigated countries in this region as there are various irrigation methods which are used such as sprinkler, drip irrigation and among others. As irrigation leads to using large amount of water while this water usage is leading to growing crops. The machines which are required in supplying water to crops and lands which would eventually leads to hydration and growth are known as microirrigation System.
African region consists of various developing countries which face scarcity of water due to which the water resource should be optimized properly. These aspects are set to boost the growth of the regional microirrigation systems market during the forecast period.
The Farmers market dominated the South Africa Microirrigation Systems Market by End User 2020, thereby, achieving a market value of $76.7 million by 2027. The Industrial Users market is estimated to grow at a CAGR of 13.5% during (2021 - 2027). Additionally, The Other End Users market is expected to witness highest CAGR of 14.7% during (2021 - 2027).
Based on Type, the market is segmented into Drip and Micro Sprinkler. Based on Crop Type, the market is segmented into Orchard Crops & Vineyards, Plantation Crops, Field Crops and Others. Based on End User, the market is segmented into Farmers, Industrial Users and Other End Users. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Microirrigation Systems Market is Predict to reach $16.5 Billion by 2027, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NDS, Inc. (Norma Group), Orbia Advance Corporation (Netafim Ltd.), Valmont Industries, Inc., Lindsay Corporation, The Toro Company, Rain Bird Corporation, DripWorks, Inc., Microjet Irrigation Systems, Nelson Irrigation Corporation and Chinadrip Irrigation Equipment Co., Ltd.
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