Hydroponics- Global Market Outlook 2020 to 2026 | Eurofresh Farms, Argus Control Systems Ltd, Heliospectra AB

This report on the global Hydroponics Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.

According to the study, The Global Hydroponics Market is estimated to grow at a CAGR of around 7% over the forecast period (2020-2026). In 2019, Europe is the largest geographic segment of the market studied and accounted for a share of around 47.3% of the overall market.

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Key Players:

Eurofresh Farms, Village Farms International, Argus Control Systems Ltd, Heliospectra AB, Logiqs B.V., Lumigrow, Inc, American Hydroponics, Inc., Greentech Agro, Llc, Hydrodynamics International, Inc., Hydrofarm, Inc., Koninklijke Philips NV, HydroWholesale Inc, BetterGrow Hydro, Heliospectra, request sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

Hydroponics is an environment-friendly and profitable technology. It has been promoted by the various governments and non-governmental organizations for its benefits in terms of food security. The need for food supply against the explosive population increase by 2050 has catalyzed the growth of the hydroponics market. Fund flows towards the market for bringing development and technological advancement in this specific sector.

High-cost is the only major drawback in technology. However, a lot of R&D activity is being carried out globally to reduce the cost involved in technology. The major industry drivers include high profits, growing emphasis on food security, and increasing consumption of salad and exotic vegetables.

Key developments:

In October 2018, Box greens, a Miami based company that introduced farms-in-a-box which retrofits containers into portable hydroponics farms.

In November 2018, IKEA, a dealer in home accessories, developed new hydroponic cultivation kit for indoor cultivation of herbs and vegetables

Markets Covered:

1) By Type: Aggregate Hydroponic Systems, Liquid Hydroponic Systems
2) By Application: Crop, Vegetable, Fruit, Other

Market Segment by Regions:

North America, Europe, China, Japan, Southeast Asia, India, and Central & South America

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Frequently Asked Questions about “Hydroponics market” :

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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This release was published on openPR.