A new Report by Delvens, titled "Hydroponics Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, the hydroponics market was valued at USD 9.5 billion at a CAGR of 12.3% to reach USD 17.9 billion.
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Top Key Players of Hydroponics Market:
· AeroFarms
· AmHydro
· Argus Control Systems Ltd.
· Emirates Hydroponics Farms
· Freight Farms
· Green Sense Farms Holdings, Inc.
· Heliospectra AB
· LumiGrow
· Signify Holding
· Terra Tech Corp. and More
Hydroponic farming is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots. Herein, the plant roots are submerged under the chemical solution and checked periodically to ensure that appropriate chemical composition is maintained for growth. As such, the hydroponics method removes the risk of diseases that are caused by soil organisms. Additionally, the hydroponically grown plants produce a higher yield than similar plants grown in soil because of proper control over the nutrients.
The pressure on the agriculture industry to meet the growing demand for grains and food leads to the search for high-yielding farming techniques, such as precision farming and urban farming are some of the factors that have supported long-term expansion for Hydroponics Market.
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Regional Analysis
The increasing adoption of hydroponics and vertical farming systems in the European, accounted for the highest market share in the region.
Recent Developments
In May 2020, InFarm recently started its new outlet in Netherlands at Nijmegen. The facility will build at various locations such as supermarkets, restaurants and distribution centers so that vegetables are grown and harvested at areas close to point of purchase.
In April 2020, Scotts Miracle moved its operations of Temecula, California manufacturing plant to produce face shields, due to shortage of personal protective equipment’s so as to contribute to the fight against Covid-19 outbreak.
Hydroponics Market is segmented into type, equipment, input, crop type and region.
On the basis of Type
· Aggregate systems
· Liquid systems
On the basis of Equipment
· HVAC
· LED Grow Lights
· Irrigation Systems
· Material Handling
· Control Systems
On the basis of Input
· Nutrients
· rockwool
On the basis of Crop Type
· Vegetables
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Hydroponics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Hydroponics Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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