Hydroponics Market to Exhibit a Remarkable CAGR of 5.50% by 2028, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Hydroponics market is expected to expand at a compound annual growth rate of 5.50% over the forecast period of 2021 to 2028. The rapid advancements in testing technologies are the factor for the hydroponics market in the forecast period of 2021 to 2028.

Market Definition:

Hydroponics is an environment friendly and advantageous technology which engrosses the process of growing plants by using mineral nutrient solutions in sand, gravel or liquid without using soil. It has been endorsed by the various governments and non-governmental organizations for its profit in food security.

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The major players covered in the hydroponics report are Thanet Earth, PEGASUS AGRITECH, Growlife Inc., Koninklijke Philips NV, Hydrodynamics International, General Hydroponics, Circle A Farms, PONIC GREENS, Terra Tech Corp, Valoya, Village Farms, Hydrofarm LLC, LOGIQS B.V., Viscon Hydroponics, ROCKWOOL International A/S, BrightFarms, AMHYDRO, GreenTech Agro LLC, Argus Control Systems Limited and Hydrilla among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Competitive Landscape and Hydroponics Market Share Analysis:

Hydroponics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydroponics market.

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