MARKET INTRODUCTION
Hydroponics is named as subset of hydroculture, one of the quickest developing soil-less cultivating practice at a worldwide level, utilizing mineral supplement arrangements, in water without soil. Aqua-farming plant becomes 30-50% quicker when contrasted with a dirt plant, when developed under same conditions. The supplements in the hydroponics framework are treated with water and sent to the root framework. Additionally, tank-farming planting requires less water than soil cultivating as they continually utilize supplement arrangements.
MARKET DYNAMICS
One of the significant development drivers for the hydroponics business is the better return in contrast with conventional rural strategies. Ascend in the utilization of outlandish, serving of mixed greens crops and the requirement for worldwide food security is relied upon to fuel the market. Absence of logical information in regards to the dirt less agribusiness framework and high arrangement cost is anticipated to limit the market development somewhat. Be that as it may, expanded development of therapeutic plants and changes in cultivating approach may give future development chances to the business. Also, with the work of vertical cultivating innovation, there is an expansion in the lettuce yield every year, which thusly is required to fuel the market development. With the expanded appropriation of tank-farming universally, makers and analysts are chipping away at improving the proficiency of hydroponics innovation to build the quality and amount of the produce. Numerous organizations in the market are putting intensely into R&D for getting condition of-craftsmanship innovations that support the productions and likewise bring about assortment of cultivations conceivable. Strategic organizations with research labs and foundations further drive the development of the market.
MARKET SCOPE
The “Global Hydroponics Market Analysis to 2028” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydroponics market with detailed market segmentation by type, crop type and geography. The global hydroponics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydroponics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydroponics market is segmented based on type, crop type, and geography. By type, the market is bifurcated into aggregate and liquid hydroponic system. By crop type, the market is categorized into vegetables, fruits, ohers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydroponics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydroponics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydroponics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydroponics market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydroponics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydroponics market are anticipated to lucrative growth opportunities in the future with the rising demand for hydroponics in the global market. Below mentioned is the list of few companies engaged in the hydroponics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydroponics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aerofarms
- Terra Tech Corp
- Triton Foodworks Pvt. Ltd.
- Freight Farms
- Bioaqua Farm
- Homestead Hydroponic Farm
- Emirates Hydroponic Farm
- Indoor Urban Farming GmbH
- Green Sense Farms
- Farm.One
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.