Hydroponics Market 2021-2026: Size, Share, Trends, Analysis, and Research Report

According to the latest report from IMARC Group, entitled “Hydroponics Market: Global industry trends, share, size, growth, opportunities and forecast 2021-2026. “ that The global hydroponics market reached $ XX billion in 2020. Looking ahead, IMARC Group expects the market to grow with a CAGR of XX% in the period 2021-2026. Hydroponics is a cutting edge technology used to produce food in a controlled and soilless environment. It provides complete control over environmental factors such as light, pH, air temperature, microorganisms, etc. Hydroponics helps grow plants in a liquid nutrient solution made up of coconut, perlite, vermiculite, broken brick, expanded clay, etc. Hydroponics requires less water, ensures faster growth, ensures high yields, eliminates soil-borne diseases, etc. Currently, high-precision, automated, data-driven and scalable hydroponics solutions for growing tomatoes, cucumbers, lettuce, peppers, herbs, roses, freesia, Green plants etc.

We regularly track the direct impact of COVID-19 on the market, as well as the indirect impact of related industries. These observations are incorporated into the report.

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Hydroponics Market trends:

The escalating food shortage due to the growing world population, the limited availability of arable land and increasing urbanization are the main drivers of the hydroponics market. In addition, growing awareness among farmers about the environmental impact of traditional soil-based farming and conventional commercial farming practices based on pesticides, agrochemicals, monocultures, mechanization, etc. continues to catalyze market growth. In addition, government agencies of various countries are promoting hydroponic farming in areas with poor soil conditions in order to overcome the challenges of food shortages. This in turn is another important growth factor. Additionally, the increasing popularity of home hydroponic horticulture is expanding the world market due to rising income levels and the shift in consumer preferences towards home grown vegetables and fruits. In addition, the rapid development of efficient indoor and outdoor garden solutions is expected to boost the hydroponics market in the forecast period.

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Key market segmentation:

Competitive landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Distribution by type:

  • Aggregate hydroponic system
  • Closed system
  • Open system
  • Liquid hydroponic system

Division according to plant type:

  • tomato
  • Salad and leafy vegetables
  • pepper
  • cucumber
  • Microgreen
  • Other

Distribution according to equipment:

  • HVAC
  • LED grow light
  • Irrigation systems
  • Material handling
  • Control systems
  • Other

Distribution according to regions:

  • Middle East and Africa
  • North America
  • Asia Pacific
  • Europe
  • Latin America

Main highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently included in the scope of the report, we can provide it as part of the customization.

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