Hydroponics market is expected to expand at a compound annual growth rate of 5.50% over the forecast period of 2021 to 2028.
Hydroponics market is expected to expand at a compound annual growth rate of 5.50% over the forecast period of 2021 to 2028. The rapid advancements in testing technologies are the factor for the hydroponics market in the forecast period of 2021 to 2028.
Hydroponics is an environment friendly and advantageous technology which engrosses the process of growing plants by using mineral nutrient solutions in sand, gravel or liquid without using soil. It has been endorsed by the various governments and non-governmental organizations for its profit in food security.
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The major players covered in the hydroponics report are Thanet Earth, PEGASUS AGRITECH, Growlife Inc., Koninklijke Philips NV, Hydrodynamics International, General Hydroponics, Circle A Farms, PONIC GREENS, Terra Tech Corp, Valoya, Village Farms, Hydrofarm LLC, LOGIQS B.V., Viscon Hydroponics, ROCKWOOL International A/S, BrightFarms, AMHYDRO, GreenTech Agro LLC, Argus Control Systems Limited and Hydrilla among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Hydroponics Market Scope and Market Size:
Global Hydroponics market is segmented on the basis of type, equipment, crop type and input. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the hydroponics market is segmented into aggregate systems and liquid hydroponic systems. Aggregate systems have further been segmented into EBB and flow system, drip system and wick system. Liquid systems have further been segmented into deep water culture systems, nutrient film techniques (NFT) and aeroponics.
- Based on equipment, the hydroponics market is segmented into HVAC, LED grow light, control system, irrigation system, material handling and others.
- On the basis crop type, the hydroponics market is segmented into vegetables, fruits, flowers and others. Vegetables have further been segmented into leafy greens, peppers, cucumber, tomato and others.
- The hydroponics market is also segmented on the basis of input is segmented into nutrients and grow media. Nutrients have further been segmented into NPK, trace minerals and others. Grow media is further segmented into clay, rockwool, coco coir and others.
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Hydroponics Market Country Level Analysis:
Hydroponics market is analyses and market size, volume information is provided by country, type, equipment, crop type and input as referenced above.
The countries covered in the hydroponics market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific leads the hydroponics market because of the high adoption of hydroponics in South Korea, China, Australia and other such countries within the region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increasing adoption of hydroponics owing to rapid industrialization and scarcity of land in this particular region.
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