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Global Hydroponics Market Report 2022 : Size, Share, Growth Rate, Business Module, Product Scope And Expansion 2031 | AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc, American Hydroponics
Hydroponics Market
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The global hydroponics market report by the business research company identifies increasing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in the urban population among emerging economies and the growing establishment of gourmet restaurants across the globe are contributing to the rapid growth in consumption of exotic vegetables such as mushrooms, tangy kiwis, green olives, fresh broccoli, dragon fruit, and others. The increasing demand for exotic vegetables is expected to boost demand for a hydroponic system, as the commercial farmers involved in this sector are investing in advanced plantation equipment such as hydroponics to reduce operational expenses and increase profits. For instance, in September 2021, according to estimates of agro farming, the Indian exotic vegetable market is expected to increase from 332 million metric tons by 2020 to 432 million metric tons by 2026. Therefore, the increasing demand for exotic vegetables is expected to boost demand for hydroponics systems during the forecast period.
The global hydroponics market size is expected to grow from $11.33 billion in 2021 to $12.62 billion in 2022 at a compound annual growth rate (CAGR) of 11.34%. The global hydroponics market size is expected to reach $18.64 billion in 2026 at a CAGR of 10.26%.
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Western Europe was the largest region in the hydroponics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global hydroponics market during the forecast period. The regions covered in the global hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the hydroponics market are AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc, American Hydroponics, Hydrofarm Holdings Group, Hortisystems UK Ltd., BitMantis Innovations, NGS, Veggitech, Greentech Organic Hydroponics System, and AmHydro.
The global Hydroponics market is segmented -
1) By Type: Aggregate Systems, Liquid Systems
2) By Farming: Indoor Farming, Outdoor Farming
3) By Crop Type: Vegetables, Fruits, Flowers
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The Hydroponics Market Report Contents Include
1. Executive Summary
2. Hydroponics Market Characteristics
3. Hydroponics Market Trends And Strategies
4. Impact Of COVID-19 On Hydroponics
5. Hydroponics Market Size And Growth
.........
28. Key Mergers And Acquisitions In The Hydroponics Market
29. Hydroponics Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the hydroponics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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