Renub Research has published a document titled "Global Hydroponics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market share data and a thorough company analysis. This report concentrates at the Global Hydroponics Market's competition, geographic distribution, and increase capability.
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Global Hydroponics Market is anticipated to amplify at a CAGR of 13.11% between 2024 and 2030
Hydroponics is a soilless cultivation technique revolutionizing agriculture through fostering plant increase in nutrient-wealthy water solutions. It replaces conventional soil with inert mediums like perlite or coconut coir, permitting specific control over nutrient transport and environmental factors. This method enhances nutrient absorption, hastens growth, and boosts crop yields. Hydroponics is adaptable to diverse setups, from domestic gardens to massive-scale farms, allowing year-round cultivation. Its resource performance decreased water utilization, and removal of soil-borne illnesses make it environmentally sustainable. As worldwide agriculture evolves, hydroponics emerges as an important technology, addressing foods safety challenges and presenting sustainable and efficient crop production.
The worldwide hydroponics market is experiencing a notable boom. It is driven by its efficiency in delivering 20-25% higher yields than traditional soil-based agriculture, a substantial benefit for resource-limited urban environments. This rise is underscored by hydroponics' resource optimization, consuming up to 90% less water than conventional farming, minimizing fertilizer waste, and addressing sustainability issues in water-scarce regions. Hydroponics' environmental resilience, with precise manipulation over developing situations, supports year-round cultivation independent of unpredictable climates. Furthermore, its adaptability to vertical spaces makes hydroponics an ideal solution for urban settings, fostering local food production, decreasing transportation costs, and improving access to fresh produce within cityscapes. Thus, the Global Hydroponics Market will grow to US$ 22.18 Billion by 2030.
Europe leads the flourishing hydroponics market with outstanding growth, pushed by a growing demand for home-grown, pesticide-free produce, aligning perfectly with hydroponics' strengths. Automation, sensors, and data analytics improve hydroponic structures, improving tracking, sound resource management, and ordinary crop fitness. Hydroponics applications diversify, extending beyond leafy greens to fruit, veggies, and flowers. Cannabis legalization boosts the market, mainly for controlled and high-quality manufacturing. Ongoing studies address challenges, making hydroponics more accessible. With advancing technologies, the future promises to revolutionize agriculture, bringing sustainable food production to worldwide purchasers.
The liquid system sector is poised for a speedy increase in the international hydroponics market
Liquid nutrient delivery systems facilitate precise nutrient concentration management, ensuring premier plant nutrients. This precision and the potential to regulate nutrient levels without difficulty complements crop yields and quality. Also, liquid systems are well-suited for hydroponic setups, offering efficient nutrient absorption by plants. As hydroponics gains recognition for sustainable and managed agriculture, the liquid system's flexibility, accuracy, and compatibility with numerous hydroponic strategies position it for sustained high growth and meeting the evolving needs of modern-day agriculture.
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Type - Hydroponics Market have been covered from 2 viewpoints
- Aggregate Systems
- Liquid Systems
The Tomato Crop is poised to dominate the global hydroponics enterprise
Hydroponic systems provide optimal situations for tomatoes, ensuring precise nutrient shipping and water manipulation, resulting in a more robust boom and yield. Tomatoes are properly desirable for soilless cultivation, and hydroponics addresses space constraints, providing vertical and controlled environment solutions. With growing patron demand for year-round, quality tomatoes and the need for beneficial resource-efficient agriculture, hydroponics emerges as a perfect technique for tomato cultivation. As the hydroponics industry grows, the versatility, efficiency, and market demand for hydroponically grown tomatoes will allow this crop to increase market share.
Crops - Hydroponics Market have been covered from 6 viewpoints
- Tomatoes
- Herbs
- Lettuce
- Cucumbers
- Peppers
- Others
The HVAC (Heating, Ventilation, and Air Conditioning) system section is forecasted to dominate the global hydroponics device market
The growth in the global market is because of its pivotal position in creating and keeping an efficient, controlled environment. Hydroponic systems depend on specific temperature, humidity, and ventilation control for successful crop cultivation. HVAC structures ensure stable and favorable weather, fostering plant boom and maximizing yields. The demand for superior HVAC solutions is escalating with the increasing adoption of hydroponics for year-round and efficient crop production. The HVAC system segment is expected to capture the leading share in the global hydroponics device market due to the importance of environmental control in hydroponics.
Equipment - Hydroponics Market have been covered from 6 viewpoints
- HVAC
- LED Grow Light
- Irrigation Systems
- Material Handling
- Control Systems
- Others
The China Hydroponic Industry is poised for widespread increase
As the demand for notable and sustainable agricultural practices rises, hydroponics gives an efficient solution for maximizing crop yields in a managed environment. China's growing population and limited arable land further forced the adoption of revolutionary farming techniques like hydroponics. Government tasks promoting current agriculture and technological improvements contribute to the arena's enlargement. The country's commitment to meal security and the need for aid-efficient farming positions the Chinese hydroponic Industry for a substantial increase, making it a key participant in the worldwide agricultural landscape.
Country – Global Hydroponics Market have been covered from 25 viewpoints
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
South America
- Brazil
- Mexico
- Argentina
Middle East Africa
- South Africa
- Saudi Arabia
- UAE
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Competitive Landscape
Village Farms, Scotts-Miracle-Gro, AeroFarms, AmHydro, Argus Control, Emirates Hydroponics Farms, Freight Farms, and BrightFarms are critical participants in the global hydroponics market.
All companies have been covered from 3 Viewpoints
- Overview
- Recent Development Strategies
- Revenue Analysis
Company Analysis:
- Village Farms International Inc.
- Scotts-Miracle-Gro
- AeroFarms
- AmHydro
- Argus Control Systems Limited
- Emirates Hydroponics Farms
- Freight Farms Inc.
- BrightFarms
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