Hydroponics Market – Growth, Trends, and Forecast (2019-2025)

Posted May 22, 2019 by kmitalee

Hydroponic systems provide higher yield compared to traditional agricultural techniques, owing to the increase in harvest cycles.

The report "Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, and Region – Global Forecast to 2025", published by MarketsandMarkets™. The hydroponics market is projected to reach USD 16.0 billion by 2025, from USD 8.1 billion in 2019, at a CAGR of 12.1% during the forecast period. The market is driven by factors such as the growing acceptance of controlled environment agriculture and increasing technological advancements in hydroponic systems.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94055021

Increasing adoption of urban farming is the key factor driving the growth in the hydroponics market during the forecast period.

Hydroponics is a technique of growing plants in water and nutrients, without using soil as a base. This technique is gaining rapid popularity, as growers can obtain higher yields with each harvest. The recent advances in urban farming and the emergence of vertical farming technology have further fueled the growth of this market. Hydroponic systems have been a combination of multiple technologies and hence encompass a specific set of system models. Based on the system model, the hydroponic systems market can be classified into aggregate and liquid systems. Aggregate systems utilize a grow media for plant growth support and nutrition, while liquid hydroponic systems do not require a grow media. Owing to their higher efficiency and productivity obtained, liquid systems have been in high demand among the growers for vegetable cultivation.

Browse in-depth TOC on "Hydroponics Market"

90 - Tables
41 - Figures
170 - Pages

By input, the nutrients segment dominated the hydroponics market in 2018.

Hydroponic farming is also termed as substrate-based farming due to the use of growing media, nutrient, and water, instead of soil. In the absence of the soil, nourishment to the plants is imparted through these nutrients and grow media inputs. Nutrients form an integral part of all types of hydroponic systems. Varied types of grow media are available in the market at different prices, and the use of a suitable growing media depends on the crop type and crop cycle. There are two major types of nutrients used in hydroponics-macronutrients, and micronutrients. Hydroponics helps the grower to take complete control over the implementation of fertilizers, in terms of type and concentration.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=94055021

Europe is projected to dominate the hydroponics market by 2025.

The hydroponics market in Europe is projected to witness significant growth during the forecast period due to the growing adoption of CEA for horticultural crops and increasing development of new innovative technologies that target specific crop needs. The adoption of hydroponics has been the highest in the Netherlands, followed by Spain and Turkey. According to industry experts, almost 90% of the greenhouses in the Netherlands are converted to hydroponic structures, and a majority of this area is used for flower and vegetable cultivation. Though the area under cover is high in Spain, Italy, and France, the adoption of hydroponics across these greenhouses is not more than 20% in these countries, thereby providing fair growth potential for this region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of input providers such as Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US). It also includes the profiles of crop producers such as Aerofarms (US), Terra Tech Corp (US), Emirates Hydroponic Farms (UAE), Triton Foodworks Ltd. (India), Urban cultivator (Canada), Village Farms (Canada), Green Sense Holdings (US), Iron Ox (US), Gracia Farms (UAE), Bright Farms (US), Freight Farms (US), Eurofresh (US), and Letcetra Agritech (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™ INC.
Country United States
Categories Agriculture
Tags Hydroponics Market , hydroponics
Last Updated May 22, 2019