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.
According to this latest study 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.
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The latest research on the Hydroponics market provides a comprehensive overview of the market for the years 2022 to 2028. 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.
Hydroponics Market - Size, Competitive Landscape and Segmentation Analysis:
Hydroponics Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Leading companies reviewed in the Hydroponics Market report are:
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.
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Segmentation of Hydroponics Market:
By System Type, Hydroponics has been segmented into:
Aggregate systems,Liquid systems
By Equipment, Hydroponics has been segmented into:
HVAC,LED grow lights,Irrigation systems,Material handling equipment,Control systems
Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Hydroponics industry. The study categories the Hydroponics industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
Why Purchase the Report?
- Visualize the composition of the global Hydroponics market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global Hydroponics market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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