Hydroponics Market -Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2017 - 2025


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Introduction Hydroponics Market was valued at USD XX Billion in 2017 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Hydroponic farming is the farming of vegetables without the use of soil that is indoor farming of vegetables. Increasing awareness of customers against the use of pesticides or artificial ripening agents has led to the growth of the market as in Hydroponic farming the use of such products is eliminated thus improving the nutritional value of vegetables. In the Hydroponic farming method, the plant roots are submerged into a chemical solution & checked from time to time to ensure proper growth of the vegetables. As we know that the rising population is increasing the demand for food in the world and Hydroponic farming is one of the farming technology which will be used to meet the growing food demands in the coming years. Advancements in climate control, advanced nutrient values & sensing technology is expected to boost the market growth. Geographical Overview At a global level, the Asia Pacific region was holding the highest market share in 2017 as many countries have adopted Hydroponic farming in the region. Whereas, Asia Pacific region is considered the fastest-growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. Europe has the second largest market share as they have essential commodities to set up large hydroponic farms. The European government is has encouraged building vertical farms and producing food in a more environmental-friendly way, which boosts the regional market growth. Among European countries, Germany Market is growing at a fast pace. China and India are offering ample opportunities for the growth of Hydroponics Market with its high population base. Segmental Overview Hydroponics Market is segmented as per below specifications - By Product Type: • Aggregate System • Liquid System By Crop Type: • Cucumbers • Tomato • Lettuce & Leafy Vegetables • Spinach • Peppers By Distribution Channel: • Grocery Stores • Whole Foods & Specialty stores • Bulk suppliers & Distributors Competitor Analysis Hydroponics Market has presence of some of the key major players across globe which includes • Argus Control Systems Ltd. • Hortisystems UK Ltd. • Kubo Group • GreenTech Agro LLC • Bright Farms • Circle Fresh Farms • Village farms International Inc. These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies. By Geographical Locations: • North America o U.S. o Canada • Europe o U.K. o France o Italy o Germany o Spain o Russia & CIS o Rest of Europe • Asia-Pacific o China o India o Japan o South Korea o ASEAN o Rest of Asia Pacific • Latin America o Brazil o Argentina o Rest of LATAM • Middle East & Africa o UAE o South Africa o Rest of MEA Highlights of the report What is Hydroponics Market? Who all are key market players in the industry? How the Parent Industry is growing? Where are the key opportunities for new market entrant? A comprehensive analysis, which covers key growth factors across the value chain Recent developments in market Granular Market Segmentation Market size projection based on Historical & current market trends Market share analysis and key strategies adopted by leadingPlayers Production Cost & Sensitivity Analysis Country Level Market Analysis of Top 16 countries Data Driven Decision Recommendations