Hydroponics Market Research Report: Growth Insights and Key Players (2024-2031) | Bright Farms Inc, Argus Control Systems Limited, Hortisystems Uk Ltd.

The Global Hydroponics Market reached USD 10 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 31 billion by 2031. The market is growing at a CAGR of 14.5% during the forecast period 2024-2031.

Hydroponics Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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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.

The Hydroponics market focuses on soilless farming methods where plants are grown using nutrient-rich water solutions. This innovative approach is widely adopted for growing vegetables, fruits, and herbs, offering higher yields and efficient resource utilization. The market is driven by rising demand for sustainable agriculture, year-round crop production, and increasing awareness of fresh, pesticide-free produce. Technological advancements and urban farming trends further fuel its growth.

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.

Industry Development:

In October 2022, GrowGeneration Corp (GRWG) unveiled its first hydroponic store in Virginia, a 9,000-square-foot facility located in Richmond. This launch highlights GRWG's commitment to capitalizing on the growing hydroponic market in the state, with plans to expand its presence further.

In July 2022, Bustanica opened the world's largest hydroponic farm, built with an investment of USD 40 million. This groundbreaking facility represents a major achievement for Emirates Crop One, a joint venture between Emirates Flight Catering (EKFC) and Crop One, and reinforces their dedication to sustainable agriculture and food security.

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Regional Break out:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Hydroponics market?

➠ Who are the global key manufacturers of the Hydroponics Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Hydroponics market opportunities and threats faced by the vendors in the global Hydroponics Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Hydroponics market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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