Hydroponics Market Size, Share, Forecast

 

Hydroponics Market

Hydroponics Market was valued at USD 8,389 Million in 2019 and projected to expand at 11% CAGR over the forecast period (2020-2027).

The factors driving the growth of Hydroponics Market includes expanding food production and distribution across the world, growing consciousness about consuming fresh vegetables and rising population levels. As per the report published by Food and Agriculture Organization (FAO), the food production is anticipated to increase from 25% to 70%, due to increasing population level around the world, which will increase the Global Hydroponics Market in the coming years. In addition, the increasing technological innovations in hydroponics systems and rising Government emphasis on Hydroponics farming, are some of the factors boosting the Hydroponics Market Size around the world. According to the National Horticulture Board, the Government of India is planning to provide financial assistance for hydroponics and aerospace projects by giving Credit-linked back-ended subsidies, which will increase the Hydroponics Market Growth in India.

The prominent players operating in the market are Emirates Hydroponics Farms, Signify Holding, The Scotts Company LLC, Argus Control Systems Limited, FREIGHT FARMS, INC., Heliospectra AB, LumiGrow, Triton Foodworks, AeroFarms, and Terra Tech Corp. among others.

Type: Segment Analysis

Based on the type, the liquid hydroponic systems segment is projected to expand at a faster CAGR during the forecast period owing to its cost-efficient features and its higher productivity as compared to aggregate systems.

Equipment: Segment Analysis

Based on the equipment, the HVAC segment is expected to grow at a higher CAGR over the forecast period due to its growing use in aeroponic and hydroponic farms along with its ability to maintain the required temperature.

Crop type: Segment Analysis

Based on the input type, the fruits segment is predicted to grow at a significant CAGR over the forecast period because it makes convenient for farmers to produce cantaloupe and watermelon through hydroponic techniques.

Regional: Segment Analysis

As per Hydroponics Market Research, Europe region is projected to expand at a remarkable CAGR during the forecast period owing to increasing use of smart greenhouse horticulture, along with increasing consumption of organic fruits and vegetables.

Market Segmentation

Global Hydroponics Market by Type

        • Aggregate Systems
          • The EBB & Flow System
          • Drip System
          • Wick System
        • Liquid Hydroponic Systems
          • Deep Water Culture
          • Nutrient-Film Technique (NFT)
          • Aeroponics

Global Hydroponics Market by Equipment

        • HVAC
        • LED Grow Light
        • Irrigation Systems
        • Material Handling
        • Control Systems
        • Others

Global Hydroponics Market by Input Type

        • Nutrients
          • NPK
          • Trace Minerals
          • Others
        • Grow Media
          • Rockwool
          • Perlite & Vermiculite
          • Coco Fiber
          • Others

Global Hydroponics Market by Crop Type

        • Vegetables
          • Tomato
          • Leafy Greens
          • Cucumber
          • Peppers
          • Others
        • Fruits
        • Flowers
        • Others

Global Hydroponics Market by Region

        • Asia Pacific
          • China
          • Japan
          • India
          • Rest of APAC
        • North America
          • United States of America
          • Canada
        • Europe
          • United Kingdom
          • Germany
          • France
          • Spain
          • Rest of Europe
        • RoW
          • Brazil
          • South Africa
          • Saudi Arabia
          • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more