Hydroponics Market Report: Statistics, Growth, and Forecast 2030



 Hydroponics Market Insights

The Global Hydroponics Market is estimated to be worth USD 8.9 Billion by 2030, registering a 13.45% CAGR during the forecast period (2022- 2030).

Hydroponics is a type of horticulture and a subset of hydro-culture that involves growing plants, usually crops or medicinal plants, without soil, by using water-based mineral nutrient solutions in hydrated solvents. Terrestrial or aquatic plants may grow with their roots exposed to the nourishing liquid or in extension; the roots may be mechanically supported by an inert medium similar to perlite, gravel or any other substrates.

The increasing pressure on the agriculture industry to meet the rearing demand for grains and food in the Hydroponics Market scenario leads to the divergent search for high-yielding farming techniques, similar to precision farming and urban farming. Hydroponics is, therefore, being seemed upon as a potential solution for solving the issues followed by the growing concern about food security in the coming years, as a part of the worldwide forecast period.

Also, owing to the thrusting need for controlled environmental conditions, the effect of climatic changes can probably be balanced with the help of these systems, thereby not affecting the yearly crop production that the farmers and other associations anticipate. The CEH techniques directly affect the crop harvest cycle. Since climatic changes show a minimum effect on similar functional systems, the crops can be produced all year round, thereby again boosting production.

Key Players

The global Hydroponics Market’s prominent key players are  Argus Control Systems (Canada), Gobo (US), Heliospectra AB (Sweden), Logics B.V (Netherlands), Signify Holdings(Netherlands), American Hydroponics (US)., Scott’s Miracle Grow (US), Hydrodynamics International (Spain), American Hydroponics (US), and LumiGrow (US)

Market Segmentation

The global hydroponics market report is segmented into the following types;

By type

•             Aggregate Systems

•             Ebb & Flow Systems

•             Drip Systems

•             Wick Systems

By Liquid Systems

•             Deep Water Culture

•             Nutrient Film Technique

•             Geoponics

By equipment:

•             LED Grow Lights

•             Irrigation Systems

•             Material Handling

•             Control Systems

•             Others

By input Nutrients

•             NPK

•             Trace Minerals

•             Others

•             Grow Media

By Rockwool

•             Perlite & Vermiculite

•             Coco Fibber

•             Others

By crop type Vegetables

•             Fruits

•             Flowers

•             Others

Regional Analysis

The global hydroponics market is divided into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The European region and hydroponics market trends are likely to emerge as the dominantly cultivating region in the international market. In the Netherlands, the growers who are mostly farmers, mainly cultivate their plants in simple tunnel-like greenhouses without concerning themselves with the use of climate control technologies. There has been a sound degree of enhancement in greenhouse farming that has endorsed the growth of hydroponics in Europe.

The North American hydroponics market consists of the US and Canadian markets which are expanding the population and so have been an elevation in the demand for food and other grains. This will herd the market toward growth during the period.

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.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

Grain Protectants Industry Analysis Insights, Regional Portfolio, Competitor, Product Category| Forecast

  Market Overview: Protectants are fundamental means of pest management in bulk storages of food grains such as wheat, corn, and rice. They are pest control methods that protect the post-harvest grains from the attack of pests, rodents, and other diseases. The global grain protectants market has been segmented into control method, grain type, and target pest. By control method, the global market has been classified into chemical, physical, and biological. The chemical segment dominated the market in 2017 owing to its high-effectiveness properties and diverse range of chemical compounds to prevent the attack of rodents, fungus, and insects among others. The biological method is projected to grow at a high CAGR during the review period owing to the its eco-friendly nature and less maximum residual levels (MRLs). Based on grain type, the global grain protectants market has been segmented into corn, wheat, rice, and others. The corn segment accounted for the largest market share in...
Read more

Sugar-Free Chewing Gum Global Market Restraint, Share, Segmentation Overview, Size, Production and Consumption Ratio, Forecast to 2027.

  Market Forecast Global Sugar-Free Chewing Gum Market size is projected to be USD 13,548.3 Million by 2027 at a CAGR of 5.2% between 2020 and 2027. According to the US Food and Drug Administration, chewing gum can be labeled as “sugar-free” if it contains less than 0.5 g of sugars per serving. In place of sugar, high-intensity sweeteners such as acesulfame-K, aspartame, neotame, saccharin, sucralose, or stevia are used to sweeten gum. Gum may also be sweetened with sugar alcohols such as erythritol, isomalt, maltitol, mannitol, sorbitol, or xylitol. The consumption of sugar-free confectionery is gaining acceptance among consumers. The high consumption of sugar has been found to adversely affect consumer’s health. A substantial amount of sugar consumption over a long-term period leads to a higher risk of obesity and diabetes. Moreover, the high consumption of sugar also increases the chances of cardiovascular diseases. So, the growing chances of obesity and diabetes from sugar-...
Read more

HoReCa Key Market Players by Product and Consumption, and Forecast 2028

Image
  HoReCa Market Overview: In addition, the global HoReCa market is expected to increase ta a CAGR of 3.15%, with a value of USD 2.38 billion during the projected quarters of 2021-2028. In the hotel industry, food services have a substantial market share. The food and beverage market grew throughout the epidemic and when the situation improved. The success of the HoReCa business is due to the adaption of modern lifestyles and a rise in disposable income in several notable countries. There has been a considerable increase in hotels, restaurants, cafés, and food trucks, all of which contribute to good growth. Tourism is one of the businesses that influence the HoReCa market. The market's growth is influenced by people traveling and sampling new cuisines. The market is further boosted by the experimentation with diverse cuisines' food availability in one location. Another aspect driving market development is the young generation's food habit of dining outside and ordering m...
Read more