Urbanization,
industrialization and increasing population are among the many causes behind
deforestation and shrinking of agricultural land. Hydroponics technology has
emerged as a solution in this hour of need. Hydroponics, a sub-section of
hydroculture, is an eco-friendly agricultural process which requires no soil and has a greater
space utilization factor. These benefits are driving global demand for hydroponics along with factors like increasing food demand coupled with a growing human population, increased emphasis on food security, technological advancements
in hydroponic systems, rising threat of food scarcity, and higher profits
compared to traditional agricultural practices, according to a business
intelligence study by IndustryARC. Hydroponics has also been adopted for
maintaining controlled ecological life support systems in space stations. The
report estimated the global hydroponics market at $293.12m as of 2018.
Furthermore, the demand is anticipated to increase at a healthy CAGR of 16.45% during the forecast period 2019-2025.
The report by
IndustryARC titled, “Hydroponics Market: By Type (Wick system, Water culture,
EBB & FLOW, others); By Equipment (Growing Chamber, Submersible Pump,
Growing LED and Others); By Crop (Vegetables, Fruits, Flowers and Foliage,
Herbs and Others); By Geography – Forecast (2019 - 2023),” gives a
comprehensive analysis of prominent market features including growth
drivers and trends, value chain analysis, restraints, challenges, future
outlook, and the competitive landscape.
Hydroponics Market:
Leading Segments
Europe held the prominent share in the global hydroponics market at 43.56% in 2018. Implementation of advanced techniques in hydroponics through adoption of LED lights, sophisticated Heating, Ventilation and Air Conditioning (HVAC) systems, nutrient film technique (NFT), and electrical conductivity meters are significant factors behind Europe having the highest share of demand in the hydroponics market. Additionally, lowered use of pesticides and chemical fertilizers, lesser water requirements, increasing demand for green food, high amounts of investment by the private sector, and awareness programs held by government and non-government organizations are few other reasons behind Europe gaining the highest market share.
The hydroponics market
is bifurcated by crop into vegetables, fruits, flowers and foliage, herbs, and
others. Few of the major fruits and vegetables grown using this technique are
cucumbers, tomatoes, blueberries, strawberries, melons, potatoes, capsicums,
lettuce, coriander, and peppers. High yield rate, growing demand for healthy
and nutritional food, and increasing adoption of vertical gardening are some of
the key factors propelling demand for hydroponic vegetables. As a result, key
market players have capitalized on this segment which is anticipated to grow at
a CAGR of 13.73% through to 2025.
Hydroponics Market
Disruptive Trends
· Utilization
of LED lights in hydroponics is an added advantage since LED lights catalyze the
growth of plants through light emitted by them.
· Farming
through hydroponics techniques generates higher profits than traditional farming
methods. This in turn is increasing the market demand for hydroponics.
· Hydroponic
indoor kitchen gardens facilitate users to grow organic and green vegetables on
their own by facilitating valuable information like when
to provide nutrients or water.
Hydroponics Market:
Competitive Landscape
Prominent companies holding
majority shares in the global hydroponics market are Achdut Ltd., Agrexco
Agricultural Export Company Ltd., Koninklijke Philips NV, Agri-Plas, Inc.,
American Hydroponics, Asmir Growing Equipment Co.Ltd, Anglebase Ltd., CropKing
Inc., Daesan Precision Co., Ltd. and Argus Control Systems Ltd.
Talk to one of our
sales representative about the full report by providing your details in the
link below:
https://www.industryarc.com/support.php?id=
15233
Related Reports:
A. Aquaponics
Market
https://www.industryarc.com/PressRelease/496/Aquaponics-Market-Research-Analysis.html
B. Vertical
Farming Market
https://www.industryarc.com/Report/15034/vertical-farming-market.html
What can you expect
from the report?
The hydroponics
market is prepared with the main agenda to cover the
following 20 points:
1. Market Size by
Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor
Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product
Benchmarking
17. Strategic
Analysis
8. Product
Developments
18. Current
& Future Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level
of data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles
can be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss
more about our consulting services.
To request for a
proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=15233
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Mr. Venkat Reddy
Sales
Manager
Email 1:
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.