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The Global Hydroponics market was estimated at USD 26.56 billion in 2021 and is projected to reach USD 38.38 billion by 2028, growing at a CAGR of 5.4% over the analysis period. Analysis period {2023-2030}
Hydroponics is a technique of growing plants in a water-based and nutrient-rich solution. The plant root system is supported by using an inert medium such as rockwool, perlite, clay pellets, vermiculite or peat moss, rather than soil. Plant roots are directly in contact with the nutrient solution with access to oxygen which enhances proper growth of the plant. This method of growing plants is used widely by commercial growers as it is easy to set up, has a high return on investment and costs less than other techniques. Hydroponics recycles large amount of water with minimal wastage and thus makes it the most water-efficient farming method. Additionally, the hydroponically grown crops produce better quality crop and high yield than the crops grown in soil due to the proper control over essential nutrients. Hydroponics is looked upon as a substantial solution for the rising concern about food security and supplying nutritious and safe food over the projected period. The rising pressure on the agriculture sector to meet the growing human as well as animal population is the main factor expected to propel the development of the hydroponics market over the projected period.
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Key Player Mentioned:
Aero Farm Systems (USA), Lettus Grow (United Kingdom), Hydrofarm(USA), CityCrop (Greece), Circulus Agtech (Canada), Rivasha Eco Design (India), Phytoponics (United Kingdom), Sky Greens (Singapore), Spread (Japan), Infarm (Berlin), AgriCool (France), Crop One (Dubai, UAE), Surna (Boulder, Colorado), Freight Farms (Boston), SweGreen (Sweden) and other major players.
The latest research on the Hydroponics market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Hydroponics industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Hydroponics market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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This report is beneficial for:
-New entrants in the market
-Investors and third-party investors in the Hydroponics market
-Students
-Key players operating in the Hydroponics market
-CEOs, VPs, and respective marketing heads
Segmentation Analysis of the Hydroponics Market:
By System Type
- Aggregate systems
- Liquid systems
By Crop Type
- Vegetables
- Fruits
- Flowers
By Equipment
- HVAC
- LED grow lights
- Irrigation systems
- Material handling equipment
- Control systems
Regional Segment Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
The report is focused on qualitative and quantitative insights by industry analysts, inputs from industry experts and industry participants across the value chain. The data presented in the report is extracted through primary interviews with top officials from leading companies of domain concerned. The secondary data includes deep online research through news, articles, press releases, company reports, etc. The source of this report is authentic and provides insight into the marketplace and help the reader in decision making. The report is prepared with a targeted view to provide business insights which can be useful while making strategic business decisions and achieve sustainable growth in their respective market domain.
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All this information helps to design marketing, sales, and production strategies. This supports to develop business opportunities. Additionally, the Hydroponics report provides a better understanding of the market and develops new advertising campaigns for the products to reach the target audience more accurately in a short period. Also, starting the investments, sales, and marketing campaigns at right time and with the right opportunities can save time.
The research reports on the Global Hydroponics Market 2023 cover all the large regions, not just the small regions around the world. The report focused on market size, value, product sales and growth opportunities in the region. In addition to providing valuable insights into customers and industries, market research also analyzed competitiveness. Such data will undoubtedly not only make expansion, but will also help you plan your strategy to penetrate the market.
KEY aspects covered in the report include:
1. The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Hydroponics market in the forecast period 2023-2030
3. Key companies operating in the global Hydroponics market and their market share
4. The Factors that are estimated to drive the Hydroponics Market growth
5. Key opportunities in the Hydroponics market
6. Key technological advancements and market trends that shape the market
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