DUBLIN, September 17, 2021 / PRNewswire / – The “Hydroponics Market Report 2021” has been added to ResearchAndMarkets.com offer.

The global hydroponics market is expected to reach US $ 19.08 billion by 2027 from $ 10.3 billion in 2020, growing with a CAGR of 9.21% by 2020-2027.

The growing need for exotic vegetables such as tomatoes, lettuce, peppers, cucumbers, herbs and others used in intercontinental cuisines is a prime factor driving the global hydroponics market.

In addition, the growing awareness of consumers to consume fresh vegetables is also expected to fuel the market in the future. Demand for exotic vegetables like tomatoes and red lettuce in food and retail chains like Burger King and KFC is expected to drive sales over the forecast period.

Technology-based

Heating, ventilation and air conditioning (HVAC) play a vital role in the development of indoor growers; To control the climate, hardware components such as air conditioning systems and lighting systems are essential. Additionally, HVAC costs less than other technologies such as irrigation systems, LED grow lights, aeration systems, and utilities that go into hydroponics.

Regional growth for hydroponics market size

Worldwide, North America and Europe hold the largest market share; factors such as Europe has always been at the forefront of implementing advanced techniques in innovative greenhouse hydroponic horticulture. Countries such as France, Netherlands and Spain have large areas cultivated in greenhouses. In United States, the increased demand for hydroponics and the growing need for food and higher yield than traditional farming methods are factors that are boosting the hydroponics industry.

In addition, increasing the consumption of exotic vegetables adds value to United States hydroponics market.

The COVID-19 pandemics have made it necessary to understand the importance of proper nutrition to boost immunity, maximize health, and reduce the risk and impact of the virus. Having a strong and resilient immune system is a demand for hydroponics. Thus, the destructive consequences of the pandemic are expected to be a catalyst to expand taste, knowledge and awareness and contribute to the adoption of hydroponics for a sustainable food system on a global scale.

Business initiatives in the hydroponics industry

The world is witnessing increased adoption of hydroponics globally. Many companies such as Signify Holding, Village Farms, Argus Control Systems Limited, Emirates Hydroponics Farms, Terra Tech Corp invest heavily in R&D to develop advanced technologies that boost productions and allow a variety of possible crops.

In 2019, Argus Control Systems Ltd partnered with Hydrofarm Holdings Group Inc. to provide outstanding environmental systems and services for horticultural production in United States and Canada.

Main topics covered:

1. Introduction

2. Research and methodology

3. Executive summary

4. Market dynamics
4.1 Growth drivers
4.2 Main challenges

5. Global hydroponics market

6. Market share analysis
6.1 By type
6.2 Per entry
6.3 By crops
6.4 By technology
6.5 By region

7. Type – Global Hydroponics Market
7.1 Aggregate
7.2 Liquid

8. Entry – Global Hydroponics Market
8.1 Nutrients
8.2 Growth medium

9. Crops – Global Hydroponics Market
9.1 Vegetables
9.2 Herbs
9.3 Fruits
9.4 Others

10. Technology – Global Hydroponics Market
10.1 Led grow lights
10.2 HVAC
10.3 Irrigation system
10.4 Ventilation system

11. Region – Global Hydroponics Market
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 South America
11.5 Middle East & Africa

12. Business analysis
12.1 Overview
12.2 Recent developments
12.3 Income

• Signify hold
• Village farms
• Argus Control Systems Limited
• Emirates hydroponic farms
• Terra Tech Corp

For more information on this report, visit https://www.researchandmarkets.com/r/a9ctol

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Research and markets
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