Planet Market Reports projects that the Hydroponics market size will grow from USD 248.72 Million in 2017 to USD 627.93 Million by 2023, at an estimated CAGR of 16.69%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
There have been various factors that have played a major role in driving the global market across the globe. One of the major drivers is that hydroponics provides higher yield compared to traditional agricultural techniques. It also provides farmers the ability to grow crops in areas that cannot support crops in soil. Furthermore, hydroponics eliminates the use of artificial ripening agents and pesticides, which helps in creating nutritionally superior vegetable products. Hydroponic systems can either be liquid or aggregate. Liquid systems have no supporting medium for the plant roots, whereas aggregate systems have a solid medium for support.
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Aggregate hydroponic systems are further classified into closed aggregate hydroponic systems and open hydroponic systems; liquid hydroponic systems are classified into three types, namely, nutrient film technique, floating hydroponics, and aeroponics. In commercial hydroponic production, the primary hydroponic system used is the aggregate hydroponic system as most of the majorly used hydroponic growth techniques are a part of this system.
By Market Players:
Koninklijke Philips NV , Argus Control Systems Ltd. , Heliospectra AB , Logiqs B.V. , Lumigrow, Inc. , General Hydroponics, Inc. , American Hydroponics, Inc. , Greentech Agro, Llc , Hydrodynamics International, Inc. , Hydrofarm, Inc., ,
By Equipment
HVAC , LED Grow Light , Communication Technology , Irrigation Systems , Material Handling
By Type
Aggregate Hydroponic System , Liquid Hydroponic Systems ,
By Input
Nutrients , Growth Medium,
By Crop
Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper, Strawberry
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, By Type, By Application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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