Mexico Micro Irrigation Market report thoroughly covers the market by type, application, and region. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Micro Irrigation Market Synopsis
Mexico Micro Irrigation market revenues witnessed a steady growth in the past few years owing to climate change thus resulting in irregular monsoons, affecting vegetation. Micro irrigation gained traction during the period since it provided necessary solution to counter hydrological changes across the country by providing targeted water to the roots of the crops thereby reducing water wastage. The market was negatively impacted by the ongoing pandemic of COVID-19, which resulted in the cessation of manufacturing activities thereby limiting production of micro irrigation equipment. Disruptions in the supply chain and international trade also impacted growth of the Mexico micro irrigation market. However, the market revived soon and is expected to further grow during the forecast period owing to increasing government investments to counter water wastage.
According to 6Wresearch, Mexico Micro Irrigation Market revenue is projected to grow at a CAGR of 6.3% during 2022-2028. Micro irrigation market in Mexico is driven by rising demand from key application areas, especially the vegetables producers followed by orchards and vineyards sectors. The countries agricultural sector contribution to GDP is ~3.5% with the sector accumulating a trade surplus of ~$12bn. The above-mentioned sector incorporates drip irrigation method for controlled supply of water to the crops in addition to maintaining soil nutrient proportion to foster crop production rate and reduce soil erosion. The aforementioned sector is a primary reason for growth in drip irrigation method in the country.
Market by Product Type Analysis
In terms of product types, the segment Sprinkler Irrigation Systems has captured most of the market owing to its high suitability for the arid climate of Mexico, which boosts the farm products and retain moisture and nutrient content of the soil through surface irrigation and, the sprinkler irrigation has low initial and labor cost as compared to its counterpart, thereby, it is the most preferred product in current market scenario of Mexico.
Market by Application Analysis
In Mexico Micro Irrigation Systems, field crops contribute the most to the market owing to its widespread cultivation and large land area requirements which makes micro irrigation systems highly applicable for the field crop agriculture owing to the targeted irrigation, these systems provide.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Mexico Micro-Irrigation Market Overview
- Mexico Micro-Irrigation Market Outlook
- Mexico Micro-Irrigation Market Forecast
- Historical Data and Forecast of Mexico Micro-Irrigation Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Revenues, By Types, Applications, and Regions for the Period 2018-2028F
- Market Drivers and Restraints
- Mexico Micro-Irrigation Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Mexico Micro-Irrigation Market - Impact Analysis of COVID-19
- Market Opportunity Assessment
- Mexico Micro-Irrigation Market Revenue Ranking, By Company
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Drip Irrigation Systems
- Sprinkler Irrigation Systems
- Others (Fogger, Mister)
By Applications
- Field Crops
- Orchards and Vineyards
- Vegetables
- Plantation Crops
- Others (Forage, Ornamentals, Turf)
By Region
- Northern
- Central
- Southern
