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.
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.
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Market Dynamics and Factors:
Hydroponics is a modern method of crop cultivation without soil, where mineral solution is inserted near the plant roots and use of soil is eliminated. Hydroponics mechanism also terminates the risk of soil borne diseases, which are mostly observed in traditional or conventional method of farming. In addition to this, the plants that are cultivated hydroponically, supplies better quality and high yield and the plant is rich in all the essential nutrients. Also, with the help of several sensors, the plant is monitored and temperature is adjusted accordingly. All these significant properties of hydroponics farming lead to greater yield of plants than that from the conventional agricultural practices; thereby supporting the expansion of the hydroponics market.
Scope of the Report:
Overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Hydroponics Market 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.
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Top Key Players Covered In The Hydroponics Market:
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.
Key Industry Development:
In February, 2022, Silal, Abu Dhabi’s leading fresh produce and agri-tech company, and AeroFarms, a Certified B Corporation and leader in indoor vertical farming, have signed a memorandum of understanding (MoU) to forge a long-term research and development collaboration involving knowledge and technology transfer of advanced farming systems to local farmers. Under the MoU, both parties will assess opportunities to transfer technology and data analytics capabilities from high-tech farming systems to improve yield, reduce cost and waste, and enhance environmental sustainability practices in agriculture across the emirate of Abu Dhabi.
In August 2019, LumiGrow Inc. launched a new TopLight Hybrid smart fixture. The Hybrids will enable users to benefit from the enriched white spectrum, which is completely wireless and can be controlled via SmartPAR software of the company
Hydroponics Market Segmentation:
By System Type
By Crop Type
By Equipment
For this report, Introspective Market Research has segmented the Hydroponics Market based on region:
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By System Type
3.2 By Crop Type
3.3 By Equipment
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Hydroponics Market by System Type
5.1 Hydroponics Market Overview Snapshot and Growth Engine
5.2 Hydroponics Market Overview
5.3 Liquid Systems
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Liquid Systems: Grographic Segmentation
5.4 Aggregate Systems
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Aggregate Systems: Grographic Segmentation
Chapter 6: Hydroponics Market by Crop Type
To be continue………
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Dec 07, 2023
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