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 rock wool, 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 amounts of water with minimal wastage and thus makes it the most water-efficient farming method. Additionally, hydroponically grown crops produce better quality crops and higher yields than the crops grown in soil due to the proper control over essential nutrients. Hydroponics is looked upon as a substantial solution for the rising concern about food security and supplying nutritious and safe food over the projected period.
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Top Company Profiles Included 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.
The Hydroponics Market presents a full analysis of the pandemic's influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 to offer a more accurate market prediction. The Hydroponics Market study looks at numerous market segments based on type, application, and geographies. The Hydroponics Market also includes a competitive analysis of the top Keyword product providers, as well as their most recent advances. This study is divided into three sections: type, application, and region, with market size and forecasts for each area. For the predicted period, yearly compound growth rates for all segments have also been presented.
Segmentation Analysis of Hydroponics Market:
The Hydroponics Market can be segmented in various ways to better understand and cater to consumers' diverse needs and preferences. Here are some common segmentation criteria for the Hydroponics Market
By System Type
· Aggregate systems
· Liquid systems
By Crop Type
· Vegetables
· Fruits
· Flowers
By Equipment
· HVAC
· LED grow lights
· Irrigation systems
· Material handling equipment
· Control systems
Share Data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Key Industry Development In The Hydroponics Market
· 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 the SmartPAR software of the company
Our Free Sample Report Includes in Hydroponics Market:
· 2022 Updated Report Introduction, Overview, and In-depth industry analysis
· 50+ Pages Hydroponics Market Report (Inclusion of Updated Hydroponics Market)
· Provide Chapter-wise guidance on the Request
· 2022 Updated Regional Analysis with Graphical Representation of Size,
· Share & Trends
· Includes Updated List of tables & figures
· Updated Report Includes Top Market Players with their Business Strategies,
· Sales Volume, and Revenue Analysis
· Introspective Market Hydroponics Market Methodology
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