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Global Hydroponics Market To Be Driven By The Rapidly Increasing Global Population In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Hydroponics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global hydroponics market, assessing the market based on its segments like product types, equipment, crop types, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 10.2 Billion
  • Forecast CAGR (2022-2027): 11.30%

The hydroponics market is being driven by the rising global population, which is spearheading the demand for agricultural produce and food in the market. The growing capital expenditure in the agriculture sector is also propelling the market growth. The governments are steadily investing in the development of the agricultural infrastructure of the country to meet the dietary demands of the increasing population. Furthermore, the demand for offseason crop cultivation is also expected to promote the practice of hydroponic cultivation, thus, contributing to the market growth. The rising popularity of aggregate hydroponic system among indoor farmers due to its easy to set up nature is further propelling the market growth. In the coming years, increased consumer awareness of the nutritional benefits of hydroponically cultivated produce is expected to boost the market growth.

Industry Definition and Major Segments

Hydroponics is type of soil-less farming, wherein the cultivation process is conducted indoors. The nutrients and minerals are not taken by the soil, but a nutrient solution is provided to the roots. Hydroponics farming results in high crop yield with improved quality and reduced water consumption, as well as pests.

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The hydroponics market, on the basis of product type, can be segmented into:

  • Aggregate Hydroponic System
  • Closed System
  • Open System
  • Liquid Hydroponic System

Based on equipment, the industry can be segregated into:

  • Heating, Ventilation, and Air Conditioning (HVAC)
  • LED Growing Lights
  • Irrigation Systems
  • Control Systems
  • Others

On the basis of crop type, the market can be distributed into:

  • Vegetables
  • Fruits
  • Flowers
  • Others

The regional markets for hydroponics include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The global hydroponics industry is being driven by the increased adoption of hydroponic cultivation across the globe. Factors such as improved quality, high crop yield, along with reduced water and soil pollution are predicted to augment the market growth. The rising government investments and supportive initiatives to provide a boost to the practice of hydroponics farming are expected to impact market growth positively. Inert soil media, including peat, coco coir, and sawdust, among others, are increasingly being used to provide the required support to plants because they are relatively cost-effective, which is likely to boost market growth in the subsequent years. Moreover, the rising investments in the research and development of hydroponics cultivation is predicted to bolster the market growth.

Key Market Players

The major players in the market are Argus Control Systems Limited, AeroFarms, LLC, Heliospectra AB, Freight Farms, Inc., and Triton Foodworks Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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Contact Information:

Company Name: EMR Inc.

Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.

Email: sales@expertmarketresearch.com

Toll Free Number: +1-415-325-5166 | +44-702-402-5790

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City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com


Tags:
PR-Wirein, Reportedtimes, Extended Distribution, Research Newswire, English

Contact Information:

Company Name: EMR Inc.


Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.


Email: sales@expertmarketresearch.com


Toll Free Number: +1-415-325-5166 | +44-702-402-5790


Address: 30 North Gould Street, Sheridan, WY 82801, USA


City: Sheridan


State: Wyoming


Country: United States


Website: https://www.expertmarketresearch.com