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The global hydroponics market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hydroponics is a state-of-the-art technique used for producing food in a controlled, soilless setting. It provides complete control of environmental factors, such as pH, light, air temperature, microorganisms, tilth, and nutrient content. It helps grow plants in a liquid nutrient solution comprising expanded clay, coir, perlite, vermiculite, brick shards, polystyrene packing peanuts, and wood fiber. At present, highly precise, data-driven, automated, and scalable hydroponics solutions are being developed worldwide. These solutions allow tomatoes, lettuce, cucumbers, peppers and ornamental crops like herbs, roses, freesia, and foliage plants to be produced in smaller spaces.
Increasing food shortage on account of the rising global population, rapid urbanization, reducing arable land area, and climatic changes are among the key factors bolstering the market growth. Moreover, conventional commercial farming practices rely on pesticides, agrochemicals, mechanization, and mono-cropping, which deplete topsoil and aquifers and pollute water and air. This, along with the growing awareness among farmers about the environmental impacts of traditional soil-based farming, is contributing to the adoption of hydroponics around the world. In addition to this, hydroponic farming requires less water, eliminates soil-related diseases, and provides faster growth and high crop yields. As a result, governing agencies of numerous countries are promoting its use in areas with poor soil conditions like deserts and cold regions to overcome food shortage challenges. Apart from this, due to the inflating income levels and rising consumer inclination towards home-grown organic fruits and vegetables, home-based hydroponic gardening is gaining traction across the globe. In line with this, researchers are focusing on developing efficient indoor and outdoor hydroponic gardening methods, which are anticipated to influence the demand for hydroponics positively.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydroponics market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, crop type and equipment.
Breakup by Type:
Breakup by Crop Type:
Breakup by Equipment:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroFarms, Argus Control Systems Limited (Controlled Environments Limited), BrightFarms, General Hydroponics Inc., GreenTech Agro LLC, GrowLife Inc., Hydrodynamics International, Hydrofarm LLC, Logiqs B.V., LumiGrow Inc., Thanet Earth Limited and Village Farms International Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Crop Type, Equipment, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AeroFarms, Argus Control Systems Limited (Controlled Environments Limited), BrightFarms, General Hydroponics Inc., GreenTech Agro LLC, GrowLife Inc., Hydrodynamics International, Hydrofarm LLC, Logiqs B.V., LumiGrow Inc., Thanet Earth Limited and Village Farms International Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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