Global Hydroponics Market Size, Share, Growth, Trend & Forecast 2025 | TechSci Researchby Mack Nene SEO | Digital Marketing
Global hydroponics market is expected to grow at an impressive rate during the forecast period. The global hydroponics market is driven by the growing need to meet the demand of the ever increasing population and ensure food safety. The hydroponics technique helps in increasing the harvest cycle thereby increasing the overall crop yield. This in turn is expected to spur the market growth through 2025. Additionally, this is a soil less agriculture technique which eliminates the use of harmful insecticides, pesticides, fertilizers or other chemical agents thereby maintaining environmental and human health. This ensures sustainability as well as helps in minimizing the additional costs that the farmers bear due to the use of chemical agents for crop protection and increasing yield. Furthermore, the outbreak of pandemic COVID-19 disease has drastically increased the focus towards indoor methods of farming such as hydroponics, precision agriculture, vertical farming, among others. This is expected to foster the market growth through 2025. However, lack of awareness and adoption especially in the emerging countries can restrict the market growth over the next few years. Besides, high initial costs incurred for doing the setup and buying & maintenance of equipment is also expected to slow down the market growth during the forecast period.
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The global hydroponics market is segmented based on type, equipment, input, farming method, crop area, crop type, company and region. Based on type, the market can be split into aggregate systems and liquid systems. The liquid systems segment is expected to dominate the market on account of their affordability, efficiency and ability to increase the overall productivity. Based on crop type, the market can be fragmented into vegetables, fruits, flowers and others. The vegetables segment is expected to hold the largest market share during the forecast period. this can be ascribed to the fact that hydroponics technique helps in increasing the vegetable produce and helps them grow faster and stronger.
Regionally, the hydroponics market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Europe is expected to hold a significant market share in the overall hydroponics market owing to the early adoption of the technology and ongoing technological advancements in greenhouse farming techniques. Furthermore, the presence of major players in the region further drives the market growth.
The major players operating in the hydroponics market are Signify Holdings, Argus Control Systems Ltd., Heliospectra AB, Scotts Miracle Gro, American Hydroponics, LumiGrow, Kubo Group, Hortisystems UK Limited, GreenTech Agro LLC, Hydrofarm, Inc., Amhydro, Triton Foodworks, AeroFarms, Crop One Holdings, SugarMade (BZERTH Inc.) and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of global hydroponics market from 2015 to 2018.
- To estimate and forecast the market size of global hydroponics market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global hydroponics market based on type, equipment, input, farming method, crop area, crop type, company and regional distribution.
- To identify dominant region or segment in the global hydroponics market.
- To identify drivers and challenges for global hydroponics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global hydroponics market.
- To identify and analyze the profile of leading players operating in global hydroponics market.
- To identify key sustainable strategies adopted by market players in global hydroponics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of hydroponics equipment manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the hydroponics equipment manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the hydroponics equipment manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global hydroponics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Table Of Content :
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Commercial Hydroponics Market
3.1. Indoor Farming
3.2. Outdoor Farming
- Executive Summary
- Voice of Customer
- Global Hydroponics Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Aggregate Systems v/s Liquid Systems)
6.2.2. By Equipment (HVAC, LED grow light, Control systems, Irrigation systems, Material handling, Others)
6.2.3. By Input (Nutrient v/s Growth Media)
6.2.4. By Farming Method (Indoor v/s Outdoor)
6.2.5. By Crop Area (Up 1000 Square feet, 1000-5000 Square feet, 5001-10000 Square feet, 10000-50000 Square feet, Above 50000 Square feet)
6.2.6. By Crop Type (Vegetables, Fruits, Flowers, Others)
6.2.7. By Company (2019)
6.2.8. By Region
6.3. Product Market Map
- Asia-Pacific Hydroponics Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Equipment
7.2.3. By Input
7.2.4. By Crop Area
7.2.5. By Farming Method
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Created on May 18th 2021 06:19. Viewed 58 times.