DUBLIN--(BUSINESS WIRE)--The "Global Hydroponics Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
The global hydroponics market was valued at US$411.88 million in 2017 and is expected to grow at a CAGR of 12.81% to reach a market size of US$752.57 million by the year 2022
Hydroponics is a branch of hydroculture which refers to the process of growing plants with the help of mineral nutrient solution in a water solvent in a soilless medium or in an aquatic based environment. With hydroponics, the plants can be developed in an idle growing medium and adjusted and pH balanced supplement arrangement is provided to the roots in a highly dissolvable manner. The pH adjusted nutrient solution enables the plant to take-up its food with almost no effort as compared to the soil where the roots must find out its nourishment and extract them.
The global market of hydroponics is predominantly driven by the better yield produced by hydroponics than other agricultural techniques. The hydroponics system is considered to generate better results than other methods in less time as compared to others. In addition, the rises in global demand for food owing to constant increase in global population contribute to the global hydroponics market growth significantly.
Factors like growing consumption of exotic vegetables and salad crops and profit farming are also expected to drive the market growth. However, a high initial cost and lack of proper knowledge among players along with the requirement of technical knowledge about hydroponics system will prohibit entrants from entering into the market, thus posing a potential restraint to the market.
Segmentation
By Type
- Liquid Hydroponic Systems
- Aggregate Hydroponic System
- Closed System
- Open System
By Input
- Growth Medium
- Nutrients
By Crop
- Strawberry
- Pepper
- Lettuce & Leafy Vegetables
- Tomato
- Cucumber
-
Other
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Hydroponics Market Forecast by Type (US$ billion)
6. Global Hydroponics Market Forecast by Input(US$ billion)
7. Global Hydroponics Market Forecast by Crop (US$ billion)
8. Global Hydroponics Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- GreenTech Agro LLC
- Koninklijke Philips N.V
- AmHydro. Inc
- Vermont Hydroponics
- Scotts Miracle-Gro Company
For more information about this report visit https://www.researchandmarkets.com/research/pnd3vv/global
