Posted On: 2022-09-06
Sprinkler-irrigation systems acquired the largest market revenue share among the vertical, by types in the overall Mexico Micro Irrigation Market – 6Wresearch
Mexico Micro Irrigation Market revenues witnessed notable growth during the period (2018 – 2021) on account of increasing climate change and frequent droughts in the region. Also, the growing competitiveness in international crops market is a major driver for advance irrigation systems such as sprinkler and drip irrigation systems in the country. In addition to these significant factors, the Mexico micro irrigation market is also underpinned by the region’s arid climate.
According to 6Wresearch, Mexico Micro Irrigation Market size is projected to grow at a CAGR of 6.3% during 2022-2028. Mexico micro irrigation market is expected to grow at a healthy rate owing growing agriculture sector of the country, and highly competitive environment for agriculture crops due to the presence of U.S substitutes in the market, which increases the need for efficient and advance irrigation method, that is, micro irrigation systems in the agriculture landscape of Mexico.
According to Parth Taneja, Research Associate, 6Wresearch, “Sprinkler Irrigation, by types is widely utilized in the agriculture landscape of the country as it provides operating efficiency with less initial as compared to drip irrigation systems, thereby, it is more attractive to the Mexican agriculture market. However, the drip irrigation systems has rapidly gained traction in the market in past and the trend is expected to continue strongly in future owing to the rapid growth in crops such as orchards, vineyards and vegetables as irrigation is frequently required in small amounts in these crops due to their shallow rooting depth along with high water efficiency in these systems. Hence, the drip irrigation systems would be the growth leader in these systems”.
According to Shivankar Guha, Research Associate, 6Wresearch, “Northern region accounts for the biggest share in the overall micro irrigation systems and would retain its position in coming years owing to the extensive availability of arid agricultural land and produce in the north. Hence, to maximize its profits and sustain its agriculture economy, Mexico would witness rapid growth in demand for Micro irrigation systems from the northern region.
Mexico Micro Irrigation Market (2022-2028)” report provides an in-depth analysis with 19 figures and 5 tables, covered in 71 pages. The report estimates and forecast the overall Mexico Micro Irrigation Market by types, by application, and by regions. The report provides an unbiased and detailed analysis of the on-going 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.