The Hydroponics Market encompasses the cultivation of plants without soil, using nutrient-rich water solutions. This innovative method optimizes resource utilization, accelerates growth, and minimizes environmental impact. With rising demand for sustainable and space-efficient agriculture, the hydroponics market offers diverse applications in urban farming, commercial production, and research. It's a dynamic sector driven by technological advancements, enabling controlled environments and precise nutrient delivery, attracting investors, entrepreneurs, and agriculture enthusiasts alike.
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Data Bridge Market Research analyzes the Saudi Arabia Hydroponics Market is expected to reach USD 386,166.00 thousand by 2030 USD 124,533.50 thousand in 2022, growing with a substantial CAGR of 15.4% in the forecast period of 2023 to 2030. Increasing demand for cash and staple crops will drive the market growth.
Key Findings of the Study
Addressing Water Scarcity Through the Adoption of Resource-Efficient Solutions
As the population continues to rise and natural resources become scarcer, there is a heightened awareness of the need to use resources more efficiently. Hydroponics addresses this concern by using significantly less water as compared to traditional soil-based farming. The controlled nutrient delivery also reduced the need for excessive fertilizers, minimizing nutrient runoff and its negative impact on water bodies. Traditional agriculture methods can contribute to deforestation, soil degradation, and excessive water consumption. Hydroponics offers a more sustainable alternative to growing plants without soil, hydroponics can help conserve natural habitats and minimize soil erosion.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Type (Aggregate Systems, Liquid Hydroponic Systems, Others), Product Type (Led Grow Light, Control Systems, Irrigation Systems, Material Handling, Drainage Collection Systems, HVAC, Others), Technology (Automated/Mobile Systems, Manual Systems), Crop Type (Vegetables, Fruits, Herbs and Spices, Flowers, Turf Grass, Others), Application (Indoor Farming, Commercial Farmers, Green House, Nursery Ornamentals, Others), Input (Nutrients, Grow Media), Distribution Channel (Direct, Indirect)
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Countries Covered
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Saudi Arabia
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Market Players Covered
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Aerospring Hydroponics, Aljoaib Holdings, BK Greenhouse Ltd., Al-Fadhiliya Trading, Moistenland LLC, Mustadem, and HYDRO FARM, among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Segment Analysis:
The Saudi Arabia hydroponics market is segmented into seven notable segments based on type, product type, technology, crop type, application, input, and distribution channel.
- On the basis of type, the market is segmented into aggregate systems, liquid hydroponic systems, and others.
In 2023, aggregate systems is expected to dominate the market
In 2023, liquid hydroponic systems segment is expected to grow with the highest CAGR of 15.5 % in the forecast period of 2023 to 2030 as plants receive water and nutrients directly to their roots in hydroponics system eliminating the need for excess water to penetrate the soil.
- On the basis of product type, the market is segmented into LED grow light, control systems, irrigation systems, material handling, drainage collection systems, HVAC, and others.
In 2023, the LED grow light segment is expected to dominate the market
In 2023, the LED grow light segment is expected to grow with the highest CAGR of 16.3% in the forecast period of 2023 to 2030 due to the embracing hydroponic systems to boost agricultural yields.
- On the basis of technology, the market is segmented into automated/mobile systems and manual systems. In 2023, automated/mobile systems segment is expected to grow with the highest CAGR of 15.5% in the forecast period of 2023 to 2030
- On the basis of crop type, the market is segmented into vegetables, fruits, herbs and spices, flowers, turf grass, and others. In 2023, vegetables segment is expected to grow with the highest CAGR of 16.1% in the forecast period of 2023 to 2030
- On the basis of application, the market is segmented into indoor farming, commercial farmers, green house, nursery ornamentals, and others. In 2023, green house segment is expected to grow with the highest CAGR of 15.9% in the forecast period of 2023 to 2030
- On the basis of input, the market is segmented into nutrients and grow media. In 2023, nutrients segment is expected to grow with the highest CAGR of 15.5% in the forecast period of 2023 to 2030
- On the basis of distribution channel, the market is segmented into direct and indirect. In 2023, direct segment is expected to grow with the highest CAGR of 15.5% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the Saudi Arabia hydroponics market that include are Aerospring Hydroponics, Aljoaib Holdings, BK Greenhouse Ltd., Al-Fadhiliya Trading, Moistenland LLC, Mustadem, and HYDRO FARM among others.
For more detailed information about the Saudi Arabia hydroponics market report, click here – https://www.databridgemarketresearch.com/reports/saudi-arabia-hydroponics-market
