The global Hydroponics Market is foreseen to be valued at USD 22.2 Billion by 2028 from USD 9.5 Billion in 2020, registering a CAGR of 11.3% through the estimated timeline. An agricultural technique—hydroponics is generally used for growing plants or crops in a soil-less medium, including a mineral water and nutrient solution. Hydroponics technique is gaining popularity in the overall agriculture sector due to the maximum yield obtained by using this certain technique. Furthermore, crops cultivation through hydroponics minimizes the external environmental effects on the growth of crops, as hydroponics offers controlled and precise environment conditions.
The report is furnished
with the latest market scenario pertaining to the COVID-19 pandemic and its
after-effects on the industry and the key segments. The pandemic has disrupted
the workflow of the industry and created financial difficulties. The report
assesses the complete impact of the pandemic on the market and offers key
insights into the market scenario along with trends and demands disruptions.
The report also offers an outlook on the market scenario in the forecast
timeline.
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Major vendors in the
industry are AMHYDRO (U.S.); AeroFarms (U.S.); Emirates Hydroponics Farms
(UAE); Freight Farms (U.S.); Heliospectra AB (Sweden); Signify Holding (the
Netherlands); Argus Control Systems Limited (Canada); Green Sense Farms
Holdings, Inc. (U.S.); Terra Tech Corp (U.S.), and LumiGrow (U.S.).
Further key findings in
the report
- As per the UN reports, nearly 25%
of higher yield is observed for the crops grown by using hydroponic
systems, with its higher productivity. Moreover, due to controlled
environment, the climatic changes’ effect can be minimized or balanced
through hydroponics technique, thus, not hampering the overall yield of
annual crop.
- HVAC or Heating, Ventilation &
Air Conditioning plays a crucial role in the production of indoor growers,
as the system is responsible for maintaining the optimum temperature,
dehumidification, and cooling inside the facility. HVAC systems have
become important for the hydroponic operation and in aeroponic farms and
should be well-controlled.
- Asia Pacific accounted for the
highest industry possession in the year 2018, due to the rising
hydroponics’ adoption in Australia, China, South Korea, and other
countries. The APAC market is foreseen to rise significantly during the
forecast period because of the growing popularity of urban hydroponic
farms.
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For the purpose of this
report, Reports and Data has segmented the global dye sublimated apparel market
on the basis of type, crop type, equipment, and region:
Type Outlook (Revenue,
USD Billion, 2018 - 2028)
- Aggregate Systems
- Ebb & Flow Systems
- Drip Systems
- Wick Systems
- Liquid Systems
- Deep Water Culture
- Nutrient Film Technique
- Aeroponics
Equipment Outlook (Revenue,
USD Billion, 2018 - 2028)
- HVAC
- LED Grow Lights
- Irrigation Systems
- Material Handling
- Control Systems
- Others
Input Outlook (Revenue,
USD Billion, 2018 - 2028)
- Nutrients
- NPK
- Trace Minerals
- Others
- Grow Media
- Rockwool
- Perlite & Vermiculite
- Coco Fiber
- Others
Crop Type (Revenue,
USD Billion, 2018 - 2028)
- Vegetables
- Fruits
- Flowers
- Others
Regional Outlook
(Revenue, USD Billion, 2018 - 2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Rest of World
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Objective of Studies:
·
To
provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Hydroponics market.
·
To
provide insights about factors affecting the market growth. To analyze the Hydroponics
market based on various factors- price analysis, supply chain analysis, Porte
five force analysis etc.
·
To
provide historical and forecast revenue of the market segments and sub-segments
with respect to four main geographies and their countries- North America,
Europe, Asia, Latin America and Rest of the World.
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
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you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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