Global Hydroponics Market Size Was Valued at USD 27.99 Billion In 2022 And Is Projected to Reach USD 42.64 Billion By 2030, Growing at A CAGR of 5.4% From 2023 To 2030.
Hydroponics is a technique of growing plants in a water-based and nutrient-rich solution. The plant root system is supported by using an inert medium such as rockwool, perlite, clay pellets, vermiculite or peat moss, rather than soil. Plant roots are directly in contact with the nutrient solution with access to oxygen which enhances proper growth of the plant. This method of growing plants is used widely by commercial growers as it is easy to set up, has a high return on investment and costs less than other techniques. Hydroponics recycles large amount of water with minimal wastage and thus makes it the most water-efficient farming method. Additionally, the hydroponically grown crops produce better quality crop and high yield than the crops grown in soil due to the proper control over essential nutrients. Hydroponics is looked upon as a substantial solution for the rising concern about food security and supplying nutritious and safe food over the projected period.
Leading players involved in the HydroponicsMarket includes:
Aero Farm Systems (USA),Lettus Grow (United Kingdom),Hydrofarm(USA),CityCrop (Greece),Circulus Agtech (Canada),Rivasha Eco Design (India),Phytoponics (United Kingdom),Sky Greens (Singapore),Spread (Japan),Infarm (Berlin),AgriCool (France),Crop One (Dubai, UAE),Surna (Boulder, Colorado),Freight Farms (Boston),SweGreen (Sweden) and other major players.
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The latest research on the Hydroponics market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Hydroponics industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Hydroponics market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation of Hydroponics Market
By System Type
- Aggregate systems
- Liquid systems
By Crop Type
- Vegetables
- Fruits
- Flowers
By Equipment
- HVAC
- LED grow lights
- Irrigation systems
- Material handling equipment
- Control systems
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Important Features that are under offering key highlights of the report:
The primary objective is to underline the competitive structure of Global Hydroponics Industry.
The research includes study of several small to medium-sized companies that compete with each other and large enterprises.
Which segment has the potential to gain the highest market share?
Identifying Untapped Geographic Market Territory with growth Potential of Hydroponics Market
Identify regional factors impacting production studied at Global scale.
Insights on Regulatory Economic policies by geography giving ease to Market entry.
What product features benefits offered by Industry players studied and broken down by diverse group of customer class.
Correlate cost structure historical data with key business segments
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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