Hydroponics Market Expected to Rise at 11.5% CAGR during 2022-2027

IMARC

Published

March 24, 2022

According to the latest report by IMARC Group, titled “Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global hydroponics market reached a value of US$ 10.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2027, exhibiting at a CAGR of 11.5% during 2022-2027. Hydroponics represents the state-of-the-art technique that is used for producing food in a controlled and soilless setting. It generally involves growing plants in an inert medium and supplying the nutrients directly to their roots via an aqueous nutrient solution, comprising of expanded clay, coir, perlite, vermiculite, brick shards, polystyrene packing peanuts, etc. Hydroponics offers complete control of environmental factors, such as air temperature, pH, light, microorganisms, tilth, nutrient content, etc. Presently, various leading manufacturers are developing highly precise, data-driven, automated, and scalable solutions that allow lettuce, peppers, and ornamental crops, including herbs, roses, freesia, etc., to be produced in smaller spaces.

Request Free Sample Report: https://www.imarcgroup.com/hydroponics-market/requestsample

Hydroponics Market Trends:

The increasing incidences of food shortages, on account of the limited availability of arable land, the elevating levels of urbanization, and climatic changes, are primarily driving the hydroponics market. Additionally, the rising awareness among farmers towards the harmful health and environmental impact of conventional commercial farming practices, which rely on agrochemicals, pesticides, mono-cropping, mechanization, etc., is further catalyzing the market growth. Besides this, the launch of several favorable policies by government bodies across countries aimed at promoting the utilization of hydroponic farming in areas with poor soil conditions to overcome food shortage challenges is acting as another significant growth-inducing factor. Moreover, the escalating demand for exotic vegetables and fruits is also augmenting the global market. Apart from this, the introduction of efficient indoor and outdoor gardening solutions is anticipated to fuel the hydroponics market over the forecasted period.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/hydroponics-market

Breakup by Type:

Aggregate Hydroponic System
Closed System
Open System
Liquid Hydroponic System

Breakup by Crop Type:

Tomato
Lettuce and Leafy Vegetables
Pepper
Cucumber
Microgreens
Others

Breakup by Equipment:

HVAC
LED Grow Light
Irrigation Systems
Material Handling
Control Systems
Others

Breakup by Region:

Middle East and Africa
North America
Asia-Pacific
Europe
Latin America

Key highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Browse Other Related Reports: