Urbanization, industrialization and increasing population are among the many causes behind deforestation and shrinking of agricultural land. Hydroponics technology has emerged as a solution in this hour of need. Hydroponics, a sub-section of hydroculture, is an eco-friendly agricultural process which requires no soil and has a greater space utilization factor. These benefits are driving global demand for hydroponics along with factors like increasing food demand coupled with a growing human population, increased emphasis on food security, technological advancements in hydroponic systems, rising threat of food scarcity, and higher profits compared to traditional agricultural practices, according to a business intelligence study by IndustryARC. Hydroponics has also been adopted for maintaining controlled ecological life support systems in space stations. The report estimated the global hydroponics market at $293.12m as of 2018. Furthermore, the demand is anticipated to increase at a healthy CAGR of 16.45% during the forecast period 2019-2025.
The report by IndustryARC titled, “Hydroponics Market: By Type (Wick system, Water culture, EBB & FLOW, others); By Equipment (Growing Chamber, Submersible Pump, Growing LED and Others); By Crop (Vegetables, Fruits, Flowers and Foliage, Herbs and Others); By Geography – Forecast (2019 - 2023),” gives a comprehensive analysis of prominent market features including growth drivers and trends, value chain analysis, restraints, challenges, future outlook, and the competitive landscape. The report covers Hydroponics Market size by type and applications, Hydroponics Market share by top 5 companies and also the market share by start-ups during the forecast period.
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Hydroponics Market: Leading Segments
Europe held the prominent share in the global hydroponics market at 43.56% in 2018. Implementation of advanced techniques in hydroponics through adoption of LED lights, sophisticated Heating, Ventilation and Air Conditioning (HVAC) systems, nutrient film technique (NFT), and electrical conductivity meters are significant factors behind Europe having the highest share of demand in the hydroponics market. Additionally, lowered use of pesticides and chemical fertilizers, lesser water requirements, increasing demand for green food, high amounts of investment by the private sector, and awareness programs held by government and non-government organizations are few other reasons behind Europe gaining the highest market share.
The hydroponics market is bifurcated by crop into vegetables, fruits, flowers and foliage, herbs, and others. Few of the major fruits and vegetables grown using this technique are cucumbers, tomatoes, blueberries, strawberries, melons, potatoes, capsicums, lettuce, coriander, and peppers. High yield rate, growing demand for healthy and nutritional food, and increasing adoption of vertical gardening are some of the key factors propelling demand for hydroponic vegetables. As a result, key market players have capitalized on this segment which is anticipated to grow at a CAGR of 13.73% through to 2025.
Hydroponics Market Disruptive Trends
Utilization of LED lights in hydroponics is an added advantage since LED lights catalyze the growth of plants through light emitted by them.
Farming through hydroponics techniques generates higher profits than traditional farming methods. This in turn is increasing the market demand for hydroponics.
Hydroponic indoor kitchen gardens facilitate users to grow organic and green vegetables on their own by facilitating valuable information like when to provide nutrients or water.
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Hydroponics Market: Competitive Landscape
Prominent companies holding majority shares in the global hydroponics market are Achdut Ltd., Agrexco Agricultural Export Company Ltd., Koninklijke Philips NV, Agri-Plas, Inc., American Hydroponics, Asmir Growing Equipment Co.Ltd, Anglebase Ltd., CropKing Inc., Daesan Precision Co., Ltd. and Argus Control Systems Ltd.
Related Reports:
A. Aquaponics Market
https://www.industryarc.com/Report/22/global-commercial-aquaponics-market.html
B. Vertical Farming Market
https://www.industryarc.com/Report/15034/vertical-farming-market.html
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KD Market Insights added a title on “Global Hydroponics Market – 2019-2025” to its collection of market research reports.
The research report study on the global Hydroponics market outlines the analysis of all the inclusive segments, along with the market size, Y-O-Y growth analysis & structure of the overall industry.
The study also includes the analysis of prominent players and also covers the new market players, including all the information suitable for the clients to make strategic business decisions in the industry.The market research report on global Hydroponics market includes the section of market dynamics which is divided into market growth factors, trends, opportunities, and barriers that defines the current behaviour & future status of the market.
Along with this, the research report also covers the facts & figures related to the macroeconomic trends that are expected to impact the growth of the market.The report covers PESTLE analysis and porter’s five forces analysis which demonstrates the five forces including buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Hydroponics market.
In the study, the framework of porter's five forces analysis explains the method for analysing the competition of the business covering the industry structure & the level of competition in the market.Access Sample Report of “Hydroponics Market” – https://www.kdmarketinsights.com/sample/3Insights Covered in the Market Research Report on Global Hydroponics MarketAnalysis of the global market and its assessments regarding the market growth at each level are included.The impact analysis of coronavirus disease on the global HydroponicsDetailed information about each region & countries, in order to identify the issues caused by the COVID-19 disease on the industry.Market forecast & Y-o-Y growth rate estimation of different segments and sub-segments of the marketSection of market dynamics including leading growth factors, challenges, industry trends and opportunities in the marketAnalyze the strategies of major & prominent players which will help the clients to make better understanding of the marketComprehensive analysis of government policies & funding on new growth avenues in order to tackle the market barriers & threats Browse Full Report of “Hydroponics Market” – https://www.kdmarketinsights.com/product/3/hydroponics-market-2017Market Segmentation:By Product - Growing Chamber - Pump & Tubing - Growing LED Lights - HVAC - Growing Supplies - Controlling Equipment - Reservoir - AccessoriesBy System - Aggregate Hydroponics System - Closed Systems - Open Systems - Liquid Hydroponics System - Nutrient Film Technique (NFT) - OthersBy Crop - Lettuce - Microgreens - Medical Marijuana - Tomatoes - Herbs - Pepper - Cucumber - OthersBy Geography- North America (U.S. & Canada)- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)- Latin America (Brazil, Mexico and Rest of Latin America)- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)Timeline Considered for Analysis: - 2019: Base Year- 2020: Estimated Year- 2020 to 2025: Forecast PeriodCompetitive Landscape:- Amhydro - American Hydroponics - The Hydroponics Company Limited - HydroGarden - Hanna Instruments, Inc. - General Hydroponics - Hydrofarm - Greentech Agro, LLC - Hydrodynamics International, Inc. - Heliospectra AB - Lumigrow Inc. - Other Major & Niche PlayersEnquire Before Buying – https://www.kdmarketinsights.com/enquiry/3About Us:KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services.
These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.Our dedicated in-house team ensures the reports satisfy the requirement of the client.
The Global Hydroponics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Hydroponics is a soilless farming technique used to produce high yield crops.
It is a part of hydroculture, which uses mineral solutions and nutrients to grow various crops.
This method is an effective substitute, which overcomes the flaws of normal agriculture technique to a better extent.Hydroponics implies substitute farming methods which help achieve of better crop productivity even in less productive regions.
Global hydroponics market is segmented based on products by tomatoes, cucumber, lettuce, strawberries, peppers, fresh herbs, flowers and other food crops.Tomatoes are major segment driving the global hydroponics market for the forecast period.
High yield and better quality production of crops over normal agricultural techniques are major aspects to upsurge the global hydroponics market.
The Global Hydroponics Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The Hydroponics market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Hydroponics Market @ https://www.decisiondatabases.com/contact/download-sample-290A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Hydroponics market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Hydroponics market with company profiles of key players such as:AGCOBestway Inc.Amazone GmbHMicro Trak SystemsLindsay Corp.John Deere & CompanyValmontSyngentaCrop MetricToro CompanyYara InternationalTrimble NavigationMonsantoWant to add more Company Profiles to the Report?
