Global Hydroponics System Market, By Type (Aggregate System and Liquid Systems), Equipment (Heating, Ventilation, and Air Conditioning (HVAC), Led Grow Light, Control System, Irrigation System, Material Handling, Potential of Hydrogen (PH) and Carbon Dioxide (CO2) Sensors), Input (Nutrients and Grow Media), Crop Type (Vegetables, Fruits, Flowers, Cannabis, Fodder Crops and Herbs), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Hydroponics System Market
Data Bridge Market Research analyses that the hydroponics system market will project a compound annual growth rate (CAGR) of 12.80% during the forecast period of 2022-2029. Hydroponics systems generate more than traditional agricultural techniques, which helps in increasing harvest cycles and market growth. This means that the hydroponics system market value will account for an approximate value of USD 17.61 billion by the year 2029.
Hydroponics farming is a method of growing plants without soil in which minerals are inserted around the plant roots to replace soil. As a result, the roots are checked on a regular basis to ensure that an adequate amount of chemical composition is cultivated for growth. As a result, it reduces the risk of diseases caused by microorganisms in the soil.
Increased consumer awareness about the use of pesticides and ripening agents on their health will drive the hydroponics market, as hydroponic is a method of eliminating these products, resulting in nutritionally superior vegetables. As a result, low installation costs and simple operation systems are factors that aid in market growth.
The hydroponics system market is creating opportunities for development in the innovation of new hydroponic techniques for farming, which will boost market growth. Furthermore, the significant increase in organic food demand, as well as the entry of new manufacturers into the market, will provide opportunities for market growth.
However, the hydroponics market trends are seeing the emergence of factors such as the high cost of conducting hydroponics farming. Furthermore, the limitations of the tests, such as false positives and false negatives, as well as the lack of awareness prevalent in developing countries, are expected to limit market growth during the forecast period. Waterborne disease and algae spread in biological systems pose a challenge to the hydroponics system market.
This hydroponics system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hydroponics system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydroponics System Market Scope and Market Size
Hydroponics system market is segmented on the basis of type, equipment, input and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the hydroponics system market is segmented into aggregate system and liquid systems. Aggregate system is further segmented into EBB and flow system, drip system and wick system. Liquid systems are further segmented into deep water culture systems, nutrient film techniques and aeroponics.
- Based on equipment, the hydroponics system market is segmented into heating, ventilation, and air conditioning (HVAC), led grow light, control system, irrigation system, material handling, and PH and CO2 sensors.
- Based on the input, the hydroponics system market is segmented into nutrients and grows media. Nutrients are further segmented into NPK, trace minerals, seaweeds, humic acid and plant extracts. Grow media is further segmented into rock wool, perlite & vermiculite, peat, wood fiber, sand, gravel and rice hulls.
- The hydroponics system market is also segmented on the basis of crop type into vegetables, fruits, flowers and cannabis, fodder crops and herbs. Vegetables are sub-segmented into tomatoes, leafy greens, cucumber, peppers and micro greens.
Hydroponics System Market Country Level Analysis
The global hydroponics system market is analyses and market size, volume information is provided by country type, equipment, and input and crop type as referenced above.
The countries covered in the hydroponics system market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region will dominate the hydroponics system market. large areas of greenhouse harvesting are used in countries such as the Netherlands and France. The growing advancement in greenhouse farming, as well as strong government initiatives and ongoing projects, will drive the European market forward. Modernised techniques is higher in Europe than in other regions, and easy access to hydroponics system is also a factor in Europe's dominance over other regions
The country section of the hydroponics system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydroponics System Market Share Analysis
The hydroponics system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydroponics system market.
Some of the major players operating in the hydroponics system market are Signify Holding., Argus Control Systems Limited., Heliospectra AB, The Scotts Company LLC, AmHydro., LumiGrow., Emerald Harvest, Hydroponic Systems International., Advanced Nutrients, HydroGarden Ltd, Hydrodynamics International., LOGIQS B.V., Grobo., Triton Foodworks., Urban Cultivator, Village Farms International Inc., EGASUS AGRITECH, Growlife Inc. and Iron Ox, Inc. among others.
Customization Available : Global Hydroponics System Market
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