COVID-19 Impact Analysis on Hydroponic Substrate Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2028. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hydroponic substrate market include Getinge Group (Sweden), Medtronic plc (US), Fresenius Medicalcare AG & Co. KGAA (Germany), Microport (China), and Terumo Cardiovascular Systems Corporation (Japan). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
There has been a substantial increase in malnourished people worldwide in recent years. In this context, precision agricultural practices have piqued the interest of both industry players and governments worldwide. As a result, advanced cultivation technologies, particularly in urban farming such as greenhouses, are needed to assist economies in achieving food security, strengthening the hydroponic substrate market. Hydroponic systems have shown a lot of promise in increasing crop growth and farmer productivity, especially for high-value cash crops. Furthermore, hydroponics substrates have proven to help manage environmental conditions while also allowing for nutrient recycling. Again, hydroponic systems have become increasingly important in precision agriculture. As a result, there has been an increase in demand for substrates with more excellent nutrient retention and chemical stability to help growers manage crop uniformity and avoid or eliminate waterborne infections. Hydroponics advancements have enabled growers to use controlled environment greenhouse systems to eradicate soil and maximize nutrient and water use. As a result, the crop quality improves due to the appropriate growth conditions. Thus, precision agriculture practices adoption enhances hydroponic substrates market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hydroponic substrate. The growth and trends of hydroponic substrate industry provide a holistic approach to this study.
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Market Segmentation
This section of the hydroponic substrate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
· Ecmo Machines
· Software
By Component
· Pumps
· Oxygenators
· Controllers
· Cannul
· Assessories
By Modality Outlook
· Veno-Venous
· Veno-Arterials
· Arterio-Venous
By Portability
· Neonates
· Pediatrics
· Adults
By Patient Type
· Neonates
· Pediatrics
· Adults
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hydroponic Substrate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Hydroponic Substrate Market: IntroductionTransparency Market Research delivers key insights on the global hydroponic substrate market.
In terms of revenue, the global hydroponic substrate market is estimated to expand at a CAGR of 11.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global hydroponic substrate market.The global hydroponic substrate market is broadly affected by several factors such as increase in demand for hydroponic fruits and vegetables.
Instead, plants are supported by hydroponic substrates, which provide roots a point at which they can attach, help foster better aeration, and retain moisture.
It provides a new role for agrochemical industry (i.e., designing and producing safe, chemically-defined diet for a wide variety of commercially viable plant species).
Different type of substrates can be used for hydroponic farming; of these, rockwool, perlite & vermiculite, coir, and peat moss are the majorly used hydroponic substrates.Hydroponic Substrate Market: Prominent RegionsNorth America holds the major share of the global hydroponic substrate market.
The hydroponic substrate market in the region is anticipated to expand at a CAGR of 14.5% during the forecast period.
