BANGALORE, India, Sept. 8, 2020
BANGALORE, India, Sept. 8, 2020 /PRNewswire/ -- The Global Hydroponics Market size is expected to grow from USD 7,892.43 Million in 2019 to USD 17,053.72 Million by 2025 at a CAGR of 13.70%.
COVID-19 IMPACT ON HYDROPONICS MARKET SIZE
The rate of adoption of hydroponic farming systems is expected to rise dramatically due to the COVID-19 outbreak. During the initial phases of the pandemic outbreak, the agriculture industry was facing difficulties. There was a huge shortage of labor on the farm; some farmers missed their window of opportunity to harvest seasonal crops, dropping prices of agricultural products, and logistics chaos. Many countries have realized their over-reliance on food material imports and thus started to emphasize local and export supplies.
Get Detailed Analysis of COVID-19 Impact on Hydroponics Market :
TRENDS INFLUENCING THE HYDROPONICS MARKET SIZE
The yield of plants grown in hydroponic systems was 20% -25% higher than conventional farming systems, with productivity 2-5 times higher. This higher yield capacity is expected to drive the Hydroponics market size during the forecast period.
The rising investments from both government and private entities are expected to fuel the Hydroponics market size. Many businesses on the market are investing heavily in R & D to obtain state-of-the-art innovations that can improve productivity and bring about a number of potential cultivations.
The rising customer awareness about consuming fresh vegetables will increase the growth of the Hydroponics market size. Demand for exotic fruits and vegetables has been growing steadily at a higher pace because of increased consumer buying power. As most of these products are imported, the cost of these exotic products is high. Thus many research institutions and universities are focused on developing more streamlined hydroponic systems to increase the production of exotic fruits and vegetables and meet the growing demand.
Providers of Hydroponics farming systems give customers different ways to track and control their crops with various sensors and smartphone applications. The advanced approach of using IoT allows for automated and remote collection of data. These technological advancements are, in turn, expected to increase the growth of the hydroponics market size during the forecast period.
High capital investment for the system's initial set up is a major factor that can hinder the growth of the hydroponics market size.
HYDROPONICS MARKET SHARE ANALYSIS
Europe is expected to hold the largest hydroponics market share during the forecast period. This is due to the increasing adoption of hydroponics and vertical farming systems.
Based on type, the liquid sub-segment is estimated to account for the highest hydroponics market share. This is due to the low cost involved since all liquid systems run in a closed mode. Liquid systems also demonstrate higher efficiency compared with the closed model of aggregate systems.
Inquire for Regional Report: https://reports.valuates.com/request/regional/360I-Auto-2S241/The_Global_Hydroponics_Market
HYDROPONICS MARKET SEGMENTATION
Based on Type, the Hydroponics Market studied across
Based on Crop Type, the Hydroponics Market studied across
Based on Equipment, the Hydroponics Market studied across
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Hydroponics Market including
THE REPORT ANSWER QUESTIONS SUCH AS:
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-2S241&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-2S241&lic=enterprise-user
SIMILAR REPORTS :
Technological innovation, increased investment by key stakeholders, and increased demand for organic products in Europe and North American are expected to increase the growth of the Aquaponics Market size.
The Global Hydroponics System Market size is expected to grow from USD 7,761.91 Million in 2019 to USD 15,220.19 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.87%.
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources