Hydroponics Industry is Expected to Reach USD 31 billion by 2031 - Bright Farms Inc, Argus Control Systems Limited, Hortisystems Uk Ltd & Kubo Group.

DataM Intelligence has published a new research report on "Hydroponics Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Hydroponics market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Hydroponics is a method of growing plants without soil, using a nutrient-rich water solution to deliver essential nutrients directly to plant roots. This technique allows for precise control over the growing environment, including nutrient levels, pH, and water availability. Hydroponics can be used in various systems, such as nutrient film technique (NFT), deep water culture (DWC), and drip systems, and is often employed in indoor or greenhouse settings. It offers benefits like faster plant growth, higher yields, and reduced water usage compared to traditional soil-based agriculture.
Forecast Growth Projected:

The Global Hydroponics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Hydroponics Market:

Bright Farms Inc, Argus Control Systems Limited, Hortisystems Uk Ltd, Kubo Group, Greentech Organic Hydroponics Systems Mfrs., Circle Fresh Farms, Hydrodynamics International, Helio spectra AB, AmHydro, and Growers Supply.

Segment Covered in the Hydroponics Market:

By Crop: Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, Others

By System: Aggregate Hydroponic System, Liquid Hydroponic System

By Equipment: HVAC, LED Glowlight, Irrigation Systems, Material Handling, Control Systems, Others

By Service: Inorganic Hydroponic Solutions, Organic Hydroponic Solutions

Regional Analysis:

The global Hydroponics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Hydroponics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Hydroponics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Hydroponics manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Hydroponics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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FAQs

How big is the Hydroponics Market?

The Hydroponics Market size was USD 10 billion in 2023. It is expected to reach USD 31 billion 2031.

How fast is the Hydroponics Market growing?

The Hydroponics Market will exhibit a CAGR of 14.5% during the forecast period, 2024-2031.

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