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Hydroponics Market Status, Major Key Players, Growth Opportunities and Future Forecast to 2028

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Hydroponics Market

Hydroponics Market Size – $ 9.5 Billion in 2020, Market Growth – at a CAGR of 11.3%, Market Trends – Growing Development of Innovative Hydroponics Technologies

NEW YORK CITY, NEW YORK, USA, Oct. 18, 2021 /EINPresswire.com/ – The global hydroponics market is expected to be valued at $ 22.2 billion by 2028 compared to $ 9.5 billion in 2020, registering a CAGR of 11.3% via the estimated timeline. An agricultural technique – hydroponics is generally used to grow plants or crops in a soilless environment, including mineral water and nutrient solution. The hydroponic technique is gaining popularity throughout the agricultural sector due to the maximum yield obtained by using this certain technique. Additionally, growing crops by hydroponics minimizes external environmental effects on crop growth, as hydroponics provides controlled and precise environmental conditions. The adoption of hydroponics in agriculture further reduces the burden on natural resources like water and land, since the water used to make the nutrient solution can be reused and recycled.

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However, the industry is going through various challenges due to the increasing investments required to set up a huge hydroponics plant. In addition, the lack of government initiatives, especially in emerging countries, also limits the growth of the sector. Industry players are expected to discover several lucrative avenues in the global industry over the next few years, due to the expansion of hydroponics applications in several residential and commercial buildings including grocery stores, restaurants, residential patios, etc. .

The impact of COVID-19:
Amid the Covid-19 pandemic, many people have shown less interest in outdoor food. With a focus on food security, people all over the world have shown a tendency to prepare homemade / homemade meals. This has caused the closure of many restaurants and put the food industry at risk. During the pandemic, adoption rates for hydroponics systems are expected to increase at an exponential rate.

To identify key industry trends, click on the link below: https://www.reportsanddata.com/report-detail/hydroponics-market

Other key findings from the report
• According to UN reports, almost 25% higher yield is observed for crops grown using hydroponic systems, with its higher productivity. In addition, due to the controlled environment, the effect of climate change can be minimized or balanced through hydroponic technique, thus without adversely affecting the overall yield of the annual crop.
• HVAC or heating, ventilation and 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 hydroponics and in aeroponic farms and must be well controlled.
• Asia-Pacific was the industry’s highest possession in 2018, due to the increasing adoption of hydroponics in Australia, China, South Korea and other countries. The APAC market is expected to increase significantly during the forecast period owing to the increasing popularity of urban hydroponic farms.
• The main suppliers to the industry are AMHYDRO (US); AeroFarms (United States); Emirates hydroponic farms (UAE); freight farms (United States); Heliospectra AB (Sweden); Signify Holding (Netherlands); Argus Control Systems Limited (Canada); Green Sense Farms Holdings, Inc. (United States); Terra Tech Corp (United States) and LumiGrow (United States).

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For the purpose of this report, Reports and Data has segmented the global dye sublimated clothing market on the basis of type, crop type, equipment, and region:

Type Outlook (Revenue, Billions USD, 2018 – 2028)
• Aggregate systems
• Flow and ebb systems
• Drip systems
• Drill systems
• Liquid systems
• Deep water culture
• Nutrient film technique
• Aeroponics

Equipment Outlook (Revenue, USD Billion, 2018 – 2028)
• HVAC
• LED grow lights
• Irrigation system
• Material handling
• Control systems
• Others

Entry outlook (revenue, billion USD, 2018 – 2028)
• Nutrients
• NPK
• Trace elements
• Others
• Cultivate media
• Rockwool
• Perlite and vermiculite
• Coconut fiber
• Others

Type of crop (revenue, billion USD, 2018 – 2028)
• Vegetables
• Fruits
• Flowers
• Others

Regional outlook (revenue, billion USD, 2018 – 2028)
• North America
o The United States
o Canada
Mexico
• Europe
o Germany
o United Kingdom
o France
• Asia Pacific
o China
India
Japan
• Rest of the world

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Tushar Rajput
Reports and data
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