According to a new market research report published by Global Insight Services ” Hydroponics Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Hydroponics is a method of growing plants in a water-based solution without the use of soil. The plants are instead supported by an inert medium, such as gravel, and the roots are constantly bathed in the nutrient-rich solution.
The main advantage of hydroponics is that it allows plants to be grown in a controlled environment, without the need for sunlight or other natural resources. This makes it possible to grow plants indoors, in greenhouses, or in other areas where traditional farming methods would be impractical.
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Key Players
- Hydrofarm Inc
- Lumigrow Inc.
- Argus Control Systems Ltd.
- General Hydroponics Inc.
- Hydrodynamics International Inc
- Greentech Agro Inc
- Heliospectra AB
Key Trends and Drivers
Over the past decade, the hydroponics market has seen significant growth. The market is driven by the many benefits of hydroponics, such as the ability to grow crops in a controlled environment, with little to no water or soil. This type of agriculture is especially beneficial in regions where water is scarce, or where soil quality is poor. In addition, hydroponics can be used to grow crops year-round, regardless of the climate.
The market is driven by the increasing demand for fresh produce, the need for efficient agriculture, and the legalization of cannabis in many countries. In addition, the market is expected to benefit from the increasing interest in organic and sustainable food production.
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Market Segments
By Equipment
- HVAC
- LED Grow Light
- Irrigation Systems
- Material Handling
- Control Systems
- Other Equipment
By Type
- Aggregate Hydroponic System
- Liquid Hydroponic Systems
By Crop Type
- Tomato
- Lettuce & Leafy Vegetables
- Pepper
- Cucumber
- Others
Reasons to buy Hydroponics Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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