Worldwide Hydroponics Industry to 2027 – Featuring Signify Holding, Village Farms and Argus Control Systems Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Hydroponics Market, Global Forecast, Impact of COVID-19, Industry Trends by Type, Input, Crops, Region, and Opportunity Company Overview, Revenue” report has been added to ResearchAndMarkets.com’s offering.
According to this report the global hydroponics market is estimated to reach US$ 19.08 Billion by 2027. The worldwide hydroponics industry will grow with a CAGR of 9.21% by 2020-2027.
Hydroponics plays a vital role in changing the way people think about plant growth and the future of gardening and farming. Hydroponics farming has become a new trend in the Agricultural sector, especially with the growing need for food and limited resources. It simply means growing fresh vegetables and fruits in nutrient-rich water instead of soil require less space and resources. Worldwide, modernized techniques, soil-less farming result in higher productivity in a controlled climate and with no risk of pests and insects.
According to the World Economic Forum, the global population is expected to reach nearly 10 Billion by 2050, making the requirement of food 60 per cent higher than it is today. The growing need for exotic vegetables such as tomatoes, lettuce, peppers, cucumbers, herbs, and others used in intercontinental cuisines is a prime factor driving the global Hydroponics Market. Besides, the increasing awareness among the consumers of eating fresh vegetables is also expected to fuel the market in the future. The demand for exotic vegetables like tomatoes and red lettuce in food and retail chains like Burger King and KFC is anticipated to boost sales during the forecast period.
Worldwide, North America and Europe hold the largest market share; factors such as Europe has traditionally been at the front of implementing advanced techniques in hydroponic innovative greenhouse horticulture. Countries such as France, Netherlands and Spain have large areas under greenhouse cultivation. In the United States, enhancing demand for hydroponics and rising need for food and higher yield than traditional agricultural methods factors driving the hydroponics industry. Moreover, the rise in the consumption of exotic vegetables is adding value to the United States hydroponics market.
The COVID- 19 pandemics has made it necessary to understand the importance of adequate nutrition to boost immunity, maximize health, and decrease the risk and impact of the virus. Having a strong and resilient immune system is a demand for hydroponics farming. Thus, the destructive aftermath of the pandemic should be a catalyst to expand taste, knowledge and awareness and contribute to the adoption of hydroponics for a sustainable food system globally.
Companies Mentioned
- Signify Holding
- Village Farms
- Argus Control Systems Limited
- Emirates Hydroponics Farms
- Terra Tech Corp
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Key Challenges
5. Global Hydroponics Market
6. Market Share Analysis
6.1 By Type
6.2 By Input
6.3 By Crops
6.4 By Technology
6.5 By Region
7. Type – Global Hydroponics Market
7.1 Aggregate
7.2 liquid
8. Input – Global Hydroponics Market
8.1 Nutrients
8.2 Growth Medium
9. Crops – Global Hydroponics Market
9.1 Vegetables
9.2 Herbs
9.3 Fruits
9.4 Others
10. Technology – Global Hydroponics Market
10.1 Led Grow Lights
10.2 HVAC
10.3 Irrigation System
10.4 Aeration System
11. Region – Global Hydroponics Market
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 south America
11.5 Middle East & Africa
12. Company Analysis
For more information about this report visit https://www.researchandmarkets.com/r/zh34mf
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