Hydroponics Market Globally Expected to Drive Growth through 2018-2025


Hydroponics is a subset of hydroculture, which is a method of growing plants without soil. It is a method of growing fruits, vegetable or flowers in water based, nutrient rich solution without use of any soil. In this the roots are brought in direct contact with nutrient solution, which will help in the growth of the plant. By using this technique high amount of produce can be yielded from small area. Also, the amount of water used by hydroponics is very less compared to traditional methods.
Global population is increasing exponentially, which is increasing demand for food whereas, area available to meet the needs of growing food demand is decreasing. Technological advancements, increasing investments of research and developments, increase in vertical farming by hydroponics are driving forces bolstering its market growth. In addition to these health benefits, higher yields compared to traditional methods are other factors driving the market growth of hydroponics. Some of the recent trends in hydroponics include app-based control devices, full automation devices for reducing an individual’s effort and its increased use in home decor. The major restraining factor for implementing of hydroponics is the high start-up cost.
Key players of the market are Hydrofarm Inc, Lumigrow Inc., Argus Control Systems Ltd., General Hydroponics Inc., Hydrodynamics International Inc, Greentech Agro Inc., Heliospectra AB, Logiqs B.V. and Koninklijke Philips NV
The Hydroponics market has been segmented based on plant type, nutrient sources, technique, point of sale and key geographies. Based on product type, the market comprises of vegetable, fruits and flowers. Based on nutrient sources it has been classified as Inorganic and Organic. Based on technique it has been classified as Deepwater Culture, Nutrient film Techniques, Aeroponics, Wicking, Ebb & flow, Drip system. Based on point of sales it has been classified as offline and online.
The research report “Hydroponics Market” provides in-depth analysis of Hydroponic market based on plant type, nutrient sources, technique, point of sale and key geographies for the forecast period from 2019 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Hydroponics market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2019. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1- At what pace is Hydroponics market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Hydroponics market?
4- What are the various application areas and how they are poised to grow?
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/hydroponics-market-by-plant-type-inorganic-organic/
About GMI Research
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