Global Hydroponics Market to Exhibit a Remarkable CAGR of 5.9% by 2032 | IMR
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Global Hydroponics Market Size Was Valued at USD 28.13 Billion In 2023 And Is Projected to Reach USD 45.32 Billion By 2032, Growing at A CAGR of 5.9% From 2023 To 2032.
The hydroponics market is seeing rapid expansion, driven by recent technological innovations that are transforming the industry. Key advancements, including vertical farming, AI-powered systems, and energy-efficient LED lighting, are enhancing crop yields while improving resource management. These technologies allow for precise control over growing conditions, leading to more efficient use of water, nutrients, and space.
This growth aligns with the global shift towards sustainable agricultural practices, positioning hydroponics as a critical player in the future of food production. By eliminating the need for soil and significantly reducing water usage, hydroponic systems offer a solution to the challenges of traditional farming, particularly in urban and resource-scarce environments.
The Major Players Covered in this Report:
Aero Farm Systems (USA), Lettus Grow (United Kingdom), Hydrofarm(USA), CityCrop (Greece), Circulus Agtech (Canada), Rivasha Eco Design (India), Phytoponics (United Kingdom), Sky Greens (Singapore), Spread (Japan), Infarm (Berlin), AgriCool (France), Crop One (Dubai, UAE), Surna (Boulder, Colorado), Freight Farms (Boston), SweGreen (Sweden) and other major players.
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Market Dynamics and Factors For Hydroponics Market
Drivers:
Hydroponics is a cutting-edge method of crop cultivation with out soil, in which mineral solution is inserted close to the plant roots and use of soil is removed. Hydroponics mechanism additionally terminates the hazard of soil borne illnesses, which might be on the whole discovered in traditional or conventional approach of farming. In addition to this, the plants which can be cultivated hydroponically, materials better high-quality and excessive yield and the plant is wealthy in all of the important nutrients.
Opportunity:
In latest years, demand for exceptional greens and salads had been widely growing owing to the change in eating conduct, transferring choices to wholesome and nutritious ingredients and developing attention concerning natural food. Also, with the fast urbanization, the call for for hydroponically cultivated vegetables and culmination is growing from the HoReCa segment, as well as the NGOs, speedy food chains and railway catering.
Key Chapter Will Be Provided In The Report
Market Segmentation
By System Type
Aggregate systems, Liquid systems
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By Crop Type
Vegetables, Fruits, Flowers
By Equipment
HVAC, LED grow lights, Irrigation systems, Material handling equipment, Control systems
Regional Analysis:
Our Hydroponics market report undergoes detailed research of the entire industry, ensuring precision and reliability. We establish a strong foundation by drawing upon an extensive array of primary and secondary sources. With a focus on comprehensiveness, our study encompasses the complete market ecosystem of the Hydroponics market. We use trusted methodologies such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further which enriches our evaluation. Moreover, through detailed segmentation analysis and extensive geographical coverage, we facilitate a profound understanding of regional trends.
Key highlights of the Report:
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