Press release
Global Hydroponics Market is valued at USD 23.84 billion in 2019 and expected to register a CAGR of 6.1%
Report Description - Hydroponics Market
The detailed study includes a precise forecast and analysis of the global hydroponics market. The report offers key insights culled from the historical data for 2013-2016 and forecast for the period 2017-2025. The market estimation for hydroponics has been done in revenue (US$ Mn). The study provides restraints and drivers influencing the consumption pattern of hydroponics vegetables across the world, which affects the growth of the hydroponics market. The market study evaluates existing challenges faced by the end-users and opportunities available for the hydroponics market manufacturers.
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Scope of the Global Hydroponics Market
The statistics and numbers required for forecasting the market have been obtained from the Food & Agricultural Organization (FAO) website and similar other primary and secondary sources. The average pricing of the hydroponics vegetables and the revenue of the overall market has been derived through the regional pricing trends.
The size and prediction for each of the global hydroponics market segment are included in the study on the basis of global and regional markets. Numerous regional hydroponics vegetable manufacturers, distributors, and suppliers have been consulted in order to obtain the prices used for the analysis.
While preparing the report, the significant end-users have been considered and their potential application is estimated based on the feedback and information derived from the primary and secondary sources. The secondary sources such as FAO, Factiva, and Hoover’s have been consulted to extract the information for the preparation of this report, apart from the financial report, investor relations, annual publications, and annual reports of the company.
The demand patterns for each of the countries has been studied and incorporated in the study of hydroponics market. The information about the market share of the companies has been derived from revenues reported by the manufacturers.
Segmentation of the Global Hydroponics Market
The attractiveness of the hydroponics market has been estimated based on the type of vegetable, distribution channel, origin, farming, and region. Depending on the vegetable type, the hydroponics market has been divided into lettuce, cucumber, peppers, spinach, tomatoes, among others. On the basis of the distribution channel type, the global hydroponics market is fragmented into modern trade, grocery stores, whole food & specialty stores, unorganized small stores, bulk suppliers & distributors.
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Based on the farming type, the hydroponics market can be classified into indoors and outdoors. Depending on the origin, the hydroponics market can be classified into natural and organic and conventional. On the basis of the region, the global hydroponics market can be segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Each of these regions have been analysed on the basis of the market attractiveness.
A Look at the Competitive Landscape of the Global Hydroponics Market
The report makes key observation on the competition prevailing in the hydroponics market with the help of value chain analysis. With a view to providing an insightful view of the market, the report includes an analysis of the leading players prevailing in the landscape of the global hydroponics market, along with their business strategies and key developments. A dashboard has been incorporated in this report with a list of hydroponics market manufacturers that analysis the competition on the basis of the parameters such as product portfolio, total revenue, innovation scale, and operating margin.
The key players in the hydroponics market comprise of AMCO Produce Inc., Village Farms International, Inc., Soave Enterprises LLC, Eden Farms, Thanet Earth Ltd., Bright Farms Inc., Hollandia Produce, L.P., Emirates Hydroponics Farms, Millennium Pacific Greenhouses Ltd., Tru Count, Monsanto, Bestway Inc., Syngenta, and John Deere and Company, among others.
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