Hydroponics Market to 2025 – Growing Steady at 12.1% CAGR and Projected to Reach US$ 16.0 Billion
May 14, 2019
Get This Report with Special Discount | Hydroponics Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2025.
Pune, India - May 13, 2019 /MarketersMedia/ —
The Global Hydroponics Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
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The Hydroponics Market is estimated at US$ 8.1 Billion in 2019 and projected to grow at a CAGR of 12.1% to reach US$ 16.0 Billion by 2025. This research spread across 170 pages, profiling 18 companies and supported with 90 tables and 41 figures is now available in this report.
Top Players profiled in this report:
System input companies:
• Signify Holdings (Netherlands)
• Argus Control Systems (Canada)
• Heliospectra AB (Sweden)
• Scotts Miracle Gro (US)
• American Hydroponics (US)
• LumiGrow (US)
Hydroponic crop producers:
• AeroFarms (US)
• Terra Tech Corp(US)
• Triton Foodworks (India)
• Freight Farms(US)
• Green Sense Farms(US)
• Emirates Hydroponic Farm (Dubai)
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“The liquid system segment, by type, dominated the market with the largest share in 2019.”
On the basis of type, the hydroponics market is classified into liquid systems and aggregate systems. Liquid hydroponic systems can be effective for fast growth and large yield since plants have direct access to oxygen and food in the form of functional mineral compound. These systems are most preferred in the developed countries for crop production and have huge growth potential in the future.
“The vegetables segment is estimated to account for the largest share in 2019.”
Based on the crop type, the vegetables segment is estimated to hold the dominant share in the hydroponics market. Vegetables that can be grown hydroponically include tomatoes, leafy greens, cucumbers, and peppers, which include micro greens and baby greens. Considering the use of the proper system, a wide variety of plants can be grown hydroponically. Vegetables that are grown using hydroponics are known to grow faster and stronger compared to traditional farming, as the right nutrients are delivered directly to the plants’ roots. The requirements for growing vegetables indoors in a hydroponic unit can be met with the help of grow lights, air ventilation, and recirculation systems, along with the right nutrients for water.
“The nutrients segment, by input, holds the dominant market share in the hydroponics market.”
Based on input, the nutrients segment is projected to hold the largest market share between 2019 and 2025. Nutrients are one of the basics of hydroponic systems, as they cater to the nutritional requirement of the plant. There are two major types of nutrients used in hydroponics—macronutrients, and micronutrients. Hydroponics help growers to take complete control over the implementation of fertilizers, in terms of type and concentration, which makes it a favored input in hydroponics.
“High growth is projected in the Asia Pacific hydroponics market.”
The Asia Pacific market is projected to be the fastest-growing market for the period considered for this study due to the strong potential for growth, given the increasing population, which results in the demand for food, especially in countries such of China and India. The increasing instances of droughts, floods, and other natural disasters in countries such as India, China, and Japan have raised concerns over food security. This prompted the growth of indoor hydroponic agriculture in the country, whose influence is now expanding across the cities and the countryside.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1-20%, Tier 2-40%,and Tier 3-40%
• By Designation: D-Level -30 %, C-Level -20%, and Others*-50%
• By Region: Asia Pacific –30%, Europe- 40%,North America- 20%, %,and RoW**-10%
Research Coverage:
The Report segments the hydroponics market on the basis of type, equipment, input, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global hydroponics, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
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Competitive Landscape of Hydroponics Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Dynamic Capitalizers
2.2 Innovators
2.3 Visionary Leaders
2.4 Emerging Companies
3 Competitive Leadership Mapping (For Crop Producers)
3.1 Progressive Companies
3.2 Starting Blocks
3.3 Responsive Companies
3.4 Dynamic Companies
4 Competitive Scenario
4.1 New Product Launches
4.2 Expansions & Investments
4.3 Acquisitions
4.4 Partnerships
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Source: MarketersMedia
Release ID: 511858
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