Hydroponics Market Growing Methods and And Forecast 2026: Top Vendors Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, I

Hydroponics is the science of soil-less gardening using important nutrients in a mineral rich water solution. A plant only needs sunlight, sufficient amount of water, and selected nutrients to grow. Hydroponics farming allows a plant to grow 50% faster than the conventional method. It eliminates the need of pesticides and herbicides. In hydroponic gardening, any type of water can be use that can be recycled and re-used, which reduces the need of fresh water and uses less space. Globally hydroponics is the fastest growing market.

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Major Players in the Global Hydroponics Market

Some of the key market players in hydroponics are Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, Inc. (U.S.), Hydrofarm Inc, Hydrodynamics International Inc, Heliospectra AB, Village Farms International, Inc, Platinum Produce Company and Millennium Pacific Greenhouses Ltd, and Soave Enterprises LLC.

Hydroponic crops produce higher yield as compared to conventional soil crops. Need of food security with increasing population, rise in cultivation of medicinal plants, and environmental friendly techniques are some of the growth divers in the hydroponic industry. On the other side, lack of awareness and knowledge about soil less farming and high capital cost are some of the major restrains in hydroponics market. According to the Food and Agriculture Organization of the United States the world hunger is rising, in 2015 approximately 777 million people were undernourished, which increased to 815 million in 2016. Therefore the growing adoption of hydroponics farming to tackle the hunger around the world is expected to drive the growth of hydroponics market over the forecast period.

Market Dynamics

The hydroponics market is expected to be dominated by Europe. This is mainly attributed to increasing need of food security and higher yield of hydroponic system than conventional soil based crops. In Asia Pacific, the increasing use of commodity prices, increased competition from players, and need to curtail costs are some of the factors fueling the growth of hydroponics market in Asia Pacific region. The players in global hydroponics market are mainly focusing on R&D activities investment and launching of new products. Various mergers, acquisition, joint venture, and agreements are being carried out by the hydroponics players to expand their presence globally.

North America is the fastest growing region in hydroponics market. Major contributing economies are the U.S, Mexico, and Canada. HVAC based farming market has the largest share, followed by LED based. According to United States Department of Agriculture (USDA), the production of greenhouse tomato is doubled between the years 2007 to 2013.

The hydroponics market was valued at US$ 231.81 Million in 2016 globally and is expected to expand at a CAGR of 10.53% in terms of revenue during 2017 – 2025.

HVAC equipment segment accounted for 37.42% market share in global hydroponics market. This is attributed to high adoption of heating, ventilation, and air conditioning systems in hydroponics system. High initial cost and lack of awareness related to soil less agriculture techniques is hindering the market growth.

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