Hydroponics Market Size To Reach $ 22.2 Billion By 2028 | Reports and data
The initial and operational costs of hydroponics are higher than those of normal soil culture. This factor constrains the growth of the sector.
NEW YORK CITY, NYC, Dec. 9, 2021 /EINPresswire.com/ – The global hydroponics market is projected to be valued at $ 22.2 billion by 2028, up from $ 9.5 billion a year 2020, which is a CAGR of 11.3% on the estimated schedule. An agricultural technique – hydroponics is generally used for growing plants or crops in a soilless medium, including a mineral water and nutrient solution. The hydroponics technique is gaining popularity throughout agriculture because of the maximum yield that can be obtained from the use of that particular technique. In addition, plant cultivation through hydroponics minimizes the external environmental influences on the growth of the plants, as hydroponics offers controlled and precise environmental conditions. The introduction of hydroponics in agriculture further reduces the impact on natural resources such as water and land, as the water used to make the nutrient solution can be reused and recycled.
In the midst of the Covid-19 pandemic, many people showed less interest in outdoor dining. With an emphasis on food safety, the population around the world has shown a propensity for homemade / homemade meals. This has resulted in many restaurants being closed and the food industry being put at risk. During the pandemic, the adoption rate of hydroponic farming systems is expected to increase exponentially.
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Important suppliers in the branch are AMHYDRO (USA); AeroFarms (USA); Emirates Hydroponics Farms (UAE); Cargo farms (USA); Heliospectra AB (Sweden); Signify Holding (Netherlands); Argus Control Systems Limited (Canada); Green Sense Farms Holdings, Inc. (USA); Terra Tech Corp (USA) and LumiGrow (USA).
The Asia-Pacific region accounted for the largest share of the industry in 2018 due to the increased prevalence of hydroponics in Australia, China, South Korea and other countries. The APAC market is expected to grow significantly during the forecast period due to the growing popularity of urban hydroponic farms.
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For the purposes of this report, Reports and Data has segmented the global Dye Sublimated Apparel Market by Type, Crop Type, Equipment, and Region:
Type Outlook (Revenue, Billion USD, 2018-2028)
• Aggregate systems
• Ebb and flow systems
• Drip systems
• Wick systems
• Fluid systems
• Deep sea culture
• Nutrient film technique
Equipment Outlook (Revenue, $ Billion, 2018-2028)
• LED grow lights
• Irrigation systems
• Material handling
• Control systems
Input Outlook (Revenue, Billion USD, 2018-2028)
• trace elements
• Growth media
• rock wool
• Perlite and vermiculite
• coconut fiber
Plant Species (Sales, Billion USD, 2018-2028)
Regional Outlook (Revenue, Billion USD, 2018-2028)
• North America
o The USA
o Great Britain
• Asia Pacific
• Rest of the world
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Important questions the report answers
• How fast will the hydroponics market grow? How high will the market be in 2028?
• What are the key drivers for the hydroponics market?
• What impact would the Hydroponics Market have on different regions?
• What strategies are the players pursuing to invade the APAC region?
• What are the future growth strategies in the Hydroponics Market?
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December 09, 2021 07:24 GMT
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