Hydroponics Market Competitive Landscape, Growth, Segmentation and Outlook

Hydroponics Market revenue is expected to grow at 11.3 % CAGR through 2023 to 2029, reaching nearly USD 24.89 Bn.

Hydroponics Market Report Scope and Research Methodology

Report Scope:

The Hydroponics Market report delves into the innovative agricultural technique of growing plants without soil, using mineral solutions to nurture plant roots. The report covers various facets of this market, including the equipment involved, key dynamics, segment analysis, and regional insights.

Research Methodology:

Our comprehensive Hydroponics Market report is the result of rigorous research, incorporating robust methodologies to ensure data accuracy and quality. We have analyzed and interpreted complex data in a clear and accessible language to provide valuable insights.

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What are Hydroponics Market Dynamics?

Drivers and Restraints:

Hydroponic systems have shown their potential by delivering 20-25% higher yields compared to traditional agriculture, with productivity rates 2-5 times higher. These systems provide controlled environmental conditions, minimizing the impact of weather fluctuations on crop yields. As a result, Terra Tech Corp initiated a large-scale facility in Santa Ana, California, in August 2022, aiming to boost sales significantly.

The demand for salad crops and exotic vegetables is driving the global hydroponics market, given that these crops grow twice as fast in hydroponic gardens. Additionally, the need for global food security and investments in R&D are expected to propel market growth. Changing agriculture techniques worldwide are also contributing positively.

However, the lack of knowledge about hydroponics and high setup costs may restrain market growth during the forecast period.

Hydroponics Market Segmentation?

The Hydroponics Market is segmented into Aggregate Hydroponic Systems and Liquid Hydroponic Systems based on type. Aggregate hydroponic systems, comprising commonly used systems like ebb and flow, water culture, drip systems, and wick systems, are expected to dominate the market. Liquid hydroponic systems will also contribute to market growth.

In terms of equipment, HVAC (Heating, Ventilation, and Air Conditioning) is anticipated to hold the largest market share, playing a crucial role in maintaining ideal growth conditions for hydroponic cultivation. Nutrients are projected to dominate the input type segment during the forecast period.

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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

Table of content for the Hydroponics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Hydroponics Market Report

Part 03: Global Hydroponics Market Landscape

Part 04: Global Hydroponics Market Sizing

Part 05: Global Hydroponics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Europe has been at the forefront of hydroponic horticulture systems, with countries like the Netherlands, Spain, and France leading the way. Europe has witnessed significant adoption of hydroponics, driven by advancements in greenhouse farming techniques. North America is another prominent region in the global hydroponics market, with a growing demand for fresh fruits and vegetables. Rooftop hydroponic gardens in cities like New York are contributing to market expansion.

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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