Global Hydroponics Market, by Equipment, System Type, Crop Type, and Input Type - Trends and Forecast till 2025

Hydroponics is the science of soil-less gardening using important nutrients in a mineral rich water solution. A plant only needs sunlight, sufficient amount of water, and selected nutrients to grow. Hydroponics farming allows a plant to grow 50% faster than the conventional method. It eliminates the need of pesticides and herbicides. In hydroponic gardening, any type of water can be use that can be recycled and re-used, which reduces the need of fresh water and uses less space. Globally hydroponics is the fastest growing market. 

Hydroponic crops produce higher yield as compared to conventional soil crops. Need of food security with increasing population, rise in cultivation of medicinal plants, and environmental friendly techniques are some of the growth divers in the hydroponic industry. On the other side, lack of awareness and knowledge about soil less farming and high capital cost are some of the major restrains in hydroponics market. According to the Food and Agriculture Organization of the United States the world hunger is rising, in 2015 approximately 777 million people were undernourished, which increased to 815 million in 2016. Therefore the growing adoption of hydroponics farming to tackle the hunger around the world is expected to drive the growth of hydroponics market over the forecast period.

Market Dynamics

The hydroponics market is expected to be dominated by Europe. This is mainly attributed to increasing need of food security and higher yield of hydroponic system than conventional soil based crops. In Asia Pacific, the increasing use of commodity prices, increased competition from players, and need to curtail costs are some of the factors fueling the growth of hydroponics market in Asia Pacific region. The players in global hydroponics market are mainly focusing on R&D activities investment and launching of new products. Various mergers, acquisition, joint venture, and agreements are being carried out by the hydroponics players to expand their presence globally.

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Key features of the study:

• This report provides in-depth analysis of hydroponics, market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global hydroponics market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, Inc. (U.S.), Hydrofarm Inc, Hydrodynamics International Inc, Logiqs B.V,  Heliospectra AB, Village Farms International, Inc, Platinum Produce Company and Millennium Pacific Greenhouses Ltd, and Soave Enterprises LLC. Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
• The global hydroponics market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the hydroponics market

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