Latin America Drip Irrigation Market Size & Outlook
The drip irrigation market in Latin America is expected to reach a projected revenue of US$ 1,457.4 million by 2030. A compound annual growth rate of 11.5% is expected of Latin America drip irrigation market from 2024 to 2030.
Revenue, 2023 (US$M)
$680.7
Forecast, 2030 (US$M)
$1,457.4
CAGR, 2024 - 2030
11.5%
Report Coverage
Latin America
Latin America drip irrigation market, 2018-2030 (US$M)
Latin America drip irrigation market highlights
- The Latin America drip irrigation market generated a revenue of USD 680.7 million in 2023.
- The market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, drip tubing/drip lines was the largest revenue generating component in 2023.
- Drip Tubing/Drip Lines is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 680.7 million |
| Market revenue in 2030 | USD 1,457.4 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Drip tubing/drip lines |
| Fastest growing segment | Drip Tubing/Drip Lines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drip Tubing/Drip Lines |
| Key market players worldwide | Orbia Advance Corp SAB de CV, Jain Irrigation Systems, Lindsay Corp, The Toro Company, Rivulis Irrigation, Rain Bird, Hunter Industries, T-L Irrigation, Antelco, AZUD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.8% of the global drip irrigation market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,717.7 million by 2030.
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Drip Irrigation Market Scope
Drip irrigation market segmentation & scope
Method
Surface
Subsurface
Crop
Field Crops
Fruits and Nuts
Vegetable Crops
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
India
Japan
South Korea
Australia
Brazil
Saudi Arabia
UAE
South Africa
Drip Irrigation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America drip irrigation market
Related regional statistics
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