Hydroponics Market Analysis, Future Growth and Forecast to 2024

Research Reports

Jan 22, 2021

Market Overview

Hydroponics crop value is anticipated to grow to USD 17 Billion by 2024 at an estimated CAGR of 11.5% from 2015 to 2020. Improved yields, higher return on investment, and protected environment among others, attracting a larger share of producers as well as investors has been driving the hydroponics market.

With the progressive integration of technology with agricultural practices there have been significant improvements in conventional farming practices, yield quantities, and associated returns on investments. However, in the past decade there has been constant degradation of natural resources such as land and water. This along with several other monetary reasons has led to an alarming need of switching to unconventional farming techniques, such as hydroponics, which does not depend on soil, fertile land, and water resources for cultivation.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/2453

Major Key Players

The leading market players in hydroponics primarily are Village Farms International, Thanet Farms, Pegasus Agritech, James Foskett Farms. Terra Tech, Growlife, American Hydroponics and General Hydroponics.

Regional Analysis

Global Hydroponics Market is segmented into Europe, North America, and Asia Pacific along with rest of the world (RoW). Among this Europe region is dominating the hydroponics market. Europe is an established market for hydroponics, whereas North America, primarily the U.S. and APAC, primarily India hold immense potential to grow significantly during the forecast years. The European region lead the global hydroponics market in 2014 with an estimated crop value of USD 9.8 billion and will continue with this dominance growing over USD 13.38 Billion by 2020 at an estimated CAGR of 5.28% through 2015 to 2020

Access Report Details @ https://www.marketresearchfuture.com/reports/hydroponics-market-2453

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.

Tags: Hydroponics Market Research Report, Hydroponics Market, Hydroponics, Hydroponics Industry, Hydroponics Market Size, Hydroponics Market Research, Global Hydroponics Market, Hydroponics Market Analysis, Hydroponics Market forecast, Hydroponics Market Trend See Campaign: https://www.marketresearchfuture.com/reports/hydroponics-market-2453
Contact Information:
Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Email: [email protected]