Hydroponics System Market Size, Trends, Opportunities, Demand, Growth Analysis and Forecast by 2029

To uncover general market conditions and tendencies, HYDROPONICS SYSTEM market research report acts as a perfect source. The report helps in developing a successful marketing strategy for the business. This market research report is a proven source of information which offers a telescopic view of the current market trends, situations, opportunities and status. This industry report has strategically analyzed market research analysis and perceptive business insights into the relevant markets of clients. In the large scale HYDROPONICS SYSTEM market report, a thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the market players.

While designing the credible HYDROPONICS SYSTEM market report, the key attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. A numerous market, marketing strategies, trends, future products and rising opportunities have been considered while studying market for preparing this business report. The report has been formed with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters. Have a business at the highest level of growth with an all-inclusive HYDROPONICS SYSTEM market research report.

Data Bridge Market Research analyses that the hydroponics system market is expected to reach USD 19.94 billion by 2030, which was USD 7.34 billion in 2022, registering a CAGR of 13.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Driver:

Growing consumption of salads and exotic vegetables

The increasing consumption of salads and exotic vegetables will likely drive the market's growth during the forecast period. The demand for salads and exotic vegetables has constantly been growing at a higher rate because of the increasing purchasing power of consumers. Hence, the increasing consumption of salads and exotic vegetables is likely to surge the demand for the hydroponic system because commercial farmers are investing more in innovative plantation equipment such as hydroponics systems to decrease operational expenses and increase profits. Thus, the increasing consumption of salads and exotic vegetables will likely increase the demand for hydroponics systems in the forecast period.

Increasing demand for aggregate hydroponics system

Growing demand for aggregate hydroponics systems is expected to propel the market's growth during the forecast period. The aggregate systems used in hydroponics farming include drip, wick, EBB, and flow systems. These systems are extensively used for the production of the crop. As a result, the demand for the aggregate hydroponics system increases, eventually enhancing market growth.

Some key players mentioned in the report are:

Thanet Earth Limited (U.K.), Pegasus Agritech (India), Koninklijke Philips N.V. (Netherlands), General Hydroponics (U.S.), Village Farms International Inc. (Canada), ROCKWOOL A/S (Denmark), Heliospectra AB (Sweden), Hydroponic Systems International (Spain), LOGIQS B.V. (Netherlands), The Scotts Company LLC (U.S.), FRESHBOX FARMS (U.S.), AeroFarms (U.S.), Freight Farms, Inc. (U.S.), Triton Foodworks (India), AirLogix (U.S.)

Key Insights that Study is going to provide:

The 360-degree Hydroponics System overview based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
May vary depending upon availability and feasibility of data with respect to Industry targeted
Patent Analysis** No of patents / Trademark filed in recent years.
A complete and useful guide for new market aspirants
Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
Various Hydroponics System industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

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