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Hydroponics Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2028

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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.

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.

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The research goes into detail on the elements that drive market growth, including significant opportunities, growth drivers, as well as opportunities. Furthermore, it builds on previous data and the present business environment to forecast the industry's performance from 2022 to 2028. The study includes an extensive analysis of the workings of this business industry at regional and country levels in order to assess the industry size at a global level. Further, the study literature examines the dominating actors and assesses the techniques they use to maintain their position in the competitive arena. The present and predicted impact of the Covid-19 epidemic has also been considered, with a particular focus on income-generating opportunities and techniques to deal with the shifting situation.

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Key Industry Players in Hydroponics Market:

·         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.

Experts looked at regulatory situations, market entry tactics, best industry practices, pricing strategies, technology environment, and consumption, as well as sales and demand projections, to gain complete insight. In order to offer users accurate statistics and information, Y-o-Y growth estimations have also been added. Readers will have a clearer, more comprehensive view of the entire situation from the study.

Segmentation Analysis Includes,

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

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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Questions Answered in the Hydroponics Market Research Report:

·         How big is the hydroponics market?

·         What are some of the drivers fuelling the growth of the hydroponics market?

·         Who are the key players in hydroponics market?

·         Which segment accounted for the largest hydroponics market share?

While many industries are contracting as a result of the COVID-19 pandemic, demand for hydroponic farming has increased over the past few years. Even before the pandemic, this type of farming was gaining traction in urban areas. Because vertical farms control everything from seeds to stores, it is now experiencing rapid growth.

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The Global Hydroponics Market study contains information on the global industry, as well as user data and numbers. The Global Market is examined in depth in this research report, including raw material suppliers, industry chain structures, and manufacturing. The Hydroponics Sales market investigates the market's most important segments. This insightful analysis includes historical data as well as a predicted timeframe. This report examines the whole value chain, as well as downstream and upstream fundamentals.

Related Report: -

https://introspectivemarketresearch.com/reports/vertical-farming-market/

https://introspectivemarketresearch.com/reports/urban-farming-market/

https://introspectivemarketresearch.com/reports/indoor-farming-market/

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