Hydroponics Market Research, Gross Ratio, Driven Factors, and Forecast 2030

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Hydroponics Market Insights

The Global Hydroponics Market is estimated to be worth USD 8.9 Billion by 2030, registering a 13.45% CAGR during the forecast period (2022- 2030).

Hydroponics is a type of horticulture and a subset of hydro-culture that involves growing plants, usually crops or medicinal plants, without soil, by using water-based mineral nutrient solutions in hydrated solvents. Terrestrial or aquatic plants may grow with their roots exposed to the nourishing liquid or in extension; the roots may be mechanically supported by an inert medium similar to perlite, gravel or any other substrates.

The increasing pressure on the agriculture industry to meet the rearing demand for grains and food in the Hydroponics Market scenario leads to the divergent search for high-yielding farming techniques, similar to precision farming and urban farming. Hydroponics is, therefore, being seemed upon as a potential solution for solving the issues followed by the growing concern about food security in the coming years, as a part of the worldwide forecast period.

Also, owing to the thrusting need for controlled environmental conditions, the effect of climatic changes can probably be balanced with the help of these systems, thereby not affecting the yearly crop production that the farmers and other associations anticipate. The CEH techniques directly affect the crop harvest cycle. Since climatic changes show a minimum effect on similar functional systems, the crops can be produced all year round, thereby again boosting production.

Key Players

The global Hydroponics Market’s prominent key players are  Argus Control Systems (Canada), Gobo (US), Heliospectra AB (Sweden), Logics B.V (Netherlands), Signify Holdings(Netherlands), American Hydroponics (US)., Scott’s Miracle Grow (US), Hydrodynamics International (Spain), American Hydroponics (US), and LumiGrow (US)

Market Segmentation

The global hydroponics market research report is segmented into the following types;

By type

            Aggregate Systems

            Ebb & Flow Systems

            Drip Systems

            Wick Systems

By Liquid Systems

            Deep Water Culture

            Nutrient Film Technique

            Geoponics

By equipment:

            LED Grow Lights

            Irrigation Systems

            Material Handling

            Control Systems

            Others

By input Nutrients

            NPK

            Trace Minerals

            Others

            Grow Media

By Rockwool

            Perlite & Vermiculite

            Coco Fibber

            Others

By crop type Vegetables

            Fruits

            Flowers

            Others

Regional Analysis

The global hydroponics market is divided into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The European region and hydroponics market share are likely to emerge as the dominantly cultivating region in the international market. In the Netherlands, the growers who are mostly farmers, mainly cultivate their plants in simple tunnel-like greenhouses without concerning themselves with the use of climate control technologies. There has been a sound degree of enhancement in greenhouse farming that has endorsed the growth of hydroponics in Europe.

The North American hydroponics market consists of the US and Canadian markets which are expanding the population and so have been an elevation in the demand for food and other grains. This will herd the market toward growth during the period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

 

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