PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755819
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755819
Hydroponics Market Introduction and Overview
According to SPER market research, 'Global Hydroponics Market Size- By Type, By Crop Type, By Crop Area - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Hydroponics Market is predicted to reach 18.53 billion by 2034 with a CAGR of 12.65%.
Hydroponics is a new farming method that changes how plants are grown. It involves growing crops without soil, using a water solution rich in nutrients to feed the roots. This method is more efficient, using less water than traditional farming. It also allows for better control of conditions like temperature, humidity, and light, which helps plants grow better and reduces the need for chemicals.
Restraints: Despite hydroponic farming's promise, its adoption is slow due to a lack of knowledge among farmers and high costs. The use of synthetic fertilizers and chemicals has negatively impacted the hydroponics market. Current models focus mainly on fast-growing, high-value crops like lettuce and basil, leaving slower-growing grains and vegetables underrepresented. Popular crops include tomatoes, microgreens, and profitable options like strawberries and different basil types.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Crop Type, By Crop Area
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered AeroFarms, AmHydro, Argus Control Systems Limited, Emirates Hydroponics Farms, Freight Farms, Inc, BrightFarms, Heliospectra, Signify Holding, Nutrifresh India, UrbanKisaan.
Global Hydroponics Market Segmentation:
By Type: Based on the Type, Global Hydroponics Market is segmented as; Aggregate Systems, Liquid Systems.
By Crop Type: Based on the Crop Type, Global Hydroponics Market is segmented as Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others.
By Crop Area: Based on the Crop Area, Global Hydroponics Market is segmented as; Upto 1000 sq.ft, 1000-50000 sq.ft, Above 50000 sq.ft.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.