Press release
Hydroponics Market Insights, Growth, Share, Size, Demand 2024-2033
Hydroponics Market Insights,
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7052&type=smp
According to The Business Research Company's, The hydroponics market size has grown rapidly in recent years. It will grow from $14.12 billion in 2023 to $15.69 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to resource efficiency, water conservation, land scarcity, urban agriculture, reduced dependency on soil quality, year-round production.
The hydroponics market size is expected to see rapid growth in the next few years. It will grow to $25.07 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to integration with sustainable practices, consumer demand for fresh produce, food security concerns, government support and incentives, educational and research initiatives. Major trends in the forecast period include smart farming technologies, vertical farming systems, nutrient film technique systems, sustainable and organic hydroponic practices, adoption of aeroponics technology.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/hydroponics-global-market-report
Market Drivers and Trends:
The growing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in urban population among emerging economies, and the growing establishment of gourmet restaurants across the globe are contributing to rapid growth in consumption of exotic vegetables such as mushrooms, tangy kiwis, green olives, and fresh broccoli, dragon fruit, and others. The increasing demand for exotic vegetables is expected to boost demand for a hydroponic system, as the commercial farmers involved in this sector are investing in advanced plantation equipment such as hydroponics to reduce operational expenses and increase profits. For Instance, In September 2021, according to estimates of agro farming, the Indian exotic vegetable market is expected to increase from 332 million metric tons by 2020 to 432 million metric tons by 2026. Therefore, the increasing demand for exotic vegetables is expected to boost demand for hydroponics systems during the forecast period.
Technological advancement is a key trend gaining popularity in the hydroponics market. Major companies operating in the hydroponics market are focused on providing technologically-advanced solutions to meet end-customer demands and strengthen their market position. These companies are implementing next-generation hydroponics solutions and technologies into their services, such as nutrient film technique, Ebb and Flow System, wick system, communication technology, sensors, irrigation systems, automation, robotics, artificial intelligence system, machine learning, computer vision, and others to grow plants in small spaces. For instance, In November 2021, Iron Ox, a US-based robotics and artificial intelligence-based farming company launched Grover, an autonomous mobile robot to assist farmers with monitoring, watering, and harvesting a wide variety of crops. Through automation and computer vision, Grover autonomously navigates the need of plants related to sunlight, nutrition, and water.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
The Scotts Miracle-Gro Company, Hydrofarm Holdings Group Inc., Village Farms International Inc., Freight Farms Inc., AeroFarms LLC, Crop One Holdings Inc., Bright Farms Inc., BioHarvest Sciences Inc., Urban Crop Solutions, Agrilution Systems GmbH, 3Dponics Inc., American Hydroponics, Illumitex Inc., Azuvia Inc., Back to the Roots, CityCrop Inc., Fresh Box Farms, General Hydroponics Inc., Green Spirit Horticulture, Grow Pura, IBIÒ Inc., Indoor Harvest Corporation, Modular Farms Inc., Pegasus Agritech Inc., Thanet Earth Limited, Evergreen Farm Oy, Green Sense Farms LLC, GreenTech Agro LLC, Heliospectra AB, LettUs Grow Ltd., Aessense Corporation, Agrivolution LLC, CropKing Inc, Valoya Inc.
Hydroponics Market 2024 Key Insights:
• The hydroponics market size is expected to see rapid growth in the next few years. It will grow to $25.07 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.
• Rising Demand For Exotic Vegetables Fuels Growth In The Hydroponics Market
• Rising Technological Advancement Enhance The Hydroponics Market Growth
• Western Europe was the largest region in the hydroponics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7052&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hydroponics Market Insights, Growth, Share, Size, Demand 2024-2033 here
News-ID: 3768829 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Hydroponics
Hydroponics Market Report 2023 - Size, Analysis, Key Trends And Industry Forecas …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Hydroponics Market Size, Growth Rate, And Forecast
The global hydroponics market size grew from $12.71 billion in 2022 to $14.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least…
Global Hydroponics Market Report 2022 : Size, Share, Growth Rate, Business Modul …
Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!
https://www.thebusinessresearchcompany.com/opportunities-and-strategies-reports
The global hydroponics market report by the business research company identifies increasing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in the urban population among emerging economies and the growing establishment of gourmet restaurants across the globe are contributing to the rapid…
Hydroponics Market || Worldwide, 2030
The "Hydroponics Market Analysis to 2030" is a specialized and in-depth study of the Hydroponics industry with a focus on the Hydroponics market trend. The report aims to provide an overview of the Hydroponics market with detailed market segmentation by component, application, end-user, and geography. The Hydroponics market is expected to witness high growth during the forecast period. The report includes key statistics on the market status of the leading…
Global Hydroponic Market - Amhydro, American Hydroponics, The Hydroponics Compan …
The global Hydroponic market accounted for USD 5,223.7 Million in 2017. Further, the market is expected to reach to a valuation of USD 13,842.3 Million by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 20.7% during the forecast period i.e. 2018-2023. The market is driven by its benefit such as higher yield as compared to traditional farming methods. As the population grows, the demand…
Global Hydroponics Market Research Report 2019-2025 | Global Key - Koninklijke P …
Looking at the current trends across the Hydroponics market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Hydroponics Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Hydroponics market together with their market…
Global Hydroponics Market: Amhydro, American Hydroponics, The Hydroponics Compan …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Hydroponics Market 2017: Market Size, Trends & Opportunity Outlook – Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research…
