Hydroponics Market Expected to Reach USD 24.89 Billion by 2029, with 11.3 % CAGR

18.8.2023 : Hydroponics Market Report Scope and Research Methodology

The Hydroponics Market has been comprehensively analyzed and explored in a recent market research report. The scope of the report encompasses a detailed examination of the market dynamics, including drivers and restraints, to provide a comprehensive understanding of its growth trajectory. The research methodology employed combines primary and secondary sources to ensure accuracy and reliability of the findings.

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What are Hydroponics Market Dynamics?

Drivers and Restraints

The adoption of hydroponic farming techniques is being driven by numerous factors, including the capacity to achieve significantly higher yields compared to conventional agricultural methods. According to UN reports on global population, plants grown using hydroponics demonstrate a yield increase of 20% to 25% and a productivity surge of 2 to 5 times. Moreover, these systems offer climate control advantages, allowing for consistent year-round crop growth, thereby contributing to food security. The market also benefits from advancements such as vertical farming technology, which enhances yields. However, the lack of awareness and the initial setup costs are projected to limit the market's growth.

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Hydroponics Market Segmentation?

The Hydroponics Market is segmented based on type, equipment, and regional insights. Aggregate Hydroponic Systems and Liquid Hydroponic Systems comprise the primary types, with Aggregate systems taking the lead due to the prevalence of commonly used systems. Equipment-wise, HVAC systems and LED grow lights dominate the market. Nutrients emerge as the leading input type, driving hydroponic growth.

by Type
Aggregate Hydroponic System
Closed Systems
Open Systems
Liquid Hydroponic Systems

by Crop Type
Tomato
Lettuce & Leafy Vegetables
Pepper
Cucumber
Others

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Who are Hydroponics Market Key Players?

1. Hydrofarm Inc
2. Lumigrow Inc.
3.Village farms
4. Argus Control Systems Ltd.
5. General Hydroponics Inc.
6. Hydrodynamics International Inc
7. Greentech Agro Inc.
8. Heliospectra AB
9. Logiqs B.V
10.Koninklijke Philips NV.
11.Thanet Earth
12.Pegasus Agritech
13.Growlife
14.Circle Fresh Farms
15.KUBO Greenhouse Projects
16.HortiMaX
17.Terra Tech
18.Signify Holdings
19.Scotts Miracle Gro
20.American Hydroponics
21.Emerald Harvest
22.Advanced Nutrients
23.Grobo

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Table of content for the Hydroponics Market includes:

Global Hydroponics Market: Research Methodology

Global Hydroponics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Hydroponics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Hydroponics Market Segmentation
Global Market, by Type (2022-2029)
Global Market, by Crop Type (2022-2029)
Global Market, by Equipment (2022-2029)
Global Market, by Input Type (2022-2029)

Regional Hydroponics Market (2022-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Crop Type (2022-2029)
Regional Market, by Equipment (2022-2029)
Regional Market, by Input Type (2022-2029)
Regional Market, by Country (2022-2029)

Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Regional Insights:

Europe leads the forefront of advanced hydroponic horticulture systems, with countries like the Netherlands, Spain, and France showcasing extensive adoption. The North American market closely follows, driven by the region's high demand for fresh produce. Rooftop hydroponic gardens, such as those in New York, are further augmenting market expansion. The market in this region boasts both family and small commercial hydroponic operations.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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