Rapid Crop Growth And Higher Yield Are Driving The Demand For Hydroponics

  • According to the new market research report “Hydroponics Market by System (Wick, Deep Water Culture, Ebb and Flow, NFT (Nutrient Film Technique), Drip, Aeroponics, and Aquaponics), by Equipment (HVAC, LED Grow Light, Control Systems, Irrigation Systems, and Others), by Growing Substrates (Grow Media, Nutrients), by Crop Type (Vegetables, Fruits, Flowers, and Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) — Global Forecast (2020 to 2027)”, the global hydroponics market is estimated to reach USD 18.6 Billion by 2027 at a CAGR of around 10.2% during the review period.
  • Hydroponics is extensively used to grow crops where the soil is unsuitable
  • Hydroponics has several advantages that includes faster growth of crops, increases crop yield, requires less water, minimal diseases
  • While using hydroponics, pest incidence and weeding, spraying, watering can be eliminated
  • Increasing demand for hydroponic cultivation is attributed to the efficient resources management and quality food production provided by the hydroponics process
  • High yield and faster growth of crops is the key factor boosting the market growth during the forecast period
  • Moreover, hydroponics systems are a solution to modern farming concerns such as poor soil quality and poor crop yield
  • Increasing adoption of greenhouse horticulture and innovation of newer hydroponic technologies are expected to create new market opportunities for the market players
  • However, initial cost is quite high compared to soil culture is one of the major restraining factor towards the market
  • Europe
  • Asia Pacific
  • Signify Holding
  • Heliospectra AB

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach