Hydroponics Market Classification, Opportunities, Types, Applications, Status and Forecast to 2027
Research Reports
Jan 20, 2021
Market Size – USD 1.68 Billion in 2019, Market Growth – CAGR of 22.7%, Market Trends – Increasing use of hydroponics for cannabis production.
The latest study on the Hydroponics industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2027. The market intelligence report on the Hydroponics industry encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions. A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.
The North America region has dominated the market and is likely to do so henceforth. However, Asia has the biggest greenhouse vegetable growing space of 224,974 hectares across the world, followed by Europe with 173,561 hectares as per the report on protected agriculture by Food and Agriculture Organization of the United Nations in 2017. Thus, with the high range of greenhouses in Asia Pacific, the expansion chance for hydroponic aquacultural market is quite prominent, making the region grow at the highest CAGR of 23.8% all the way to 2027.
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The important fact is the hydroponics is quite environment-friendly and a profitable technology. Over the years, the market has been promoted by the assorted governments and non-governmental organizations for its advantages in terms of food security. High-cost is the solely major disadvantage in technology. However, accelerating R&D activity is being meted out globally to cut back the value concerned in technology.
Global population is increasing exponentially, and with every passing day around 200,000 individuals are adding up to the globe food demand. The provision food to the present growing population has become a worldwide threat. On the opposite facet, agricultural land is shrinking on a global scale. Adding to the present, crop pest’s area unit inflicts around 11-17% of worldwide crop losses annually, worsening the situation. Therefore, to realize self-reliance in food, hydroponics gives a potentially good answer, because the technology utilizes space with efficiency and may be applied even by landless urban and rural individuals.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include AMHYDRO (U.S.), Argus Control Systems Limited (Canada), AeroFarms (U.S.), Green Sense Farms Holdings, Inc. (U.S.), Heliospectra AB (Sweden), Emirates Hydroponics Farms (UAE), LumiGrow (U.S.), Signify Holding (the Netherlands) Terra Tech Corp (U.S.) and Freight Farms (U.S.)
Type Movement Outlook (Revenue, USD Billion; 2017-2027)
Aggregate Systems
Liquid Systems
Crop Movement Outlook (Revenue, USD Billion; 2017-2027)
Tomatoes
Lettuce
Peppers
Cucumbers
Herbs
Others
Helping you establish a strong foothold in the industry
The Hydroponics report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
Browse the full report description @ https://www.emergenresearch.com/industry-report/hydroponics-market
The research provides answers to the following key questions:
What is the estimated size of the Hydroponics market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Hydroponics market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Hydroponics market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Hydroponics market worldwide?
Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.
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