North America Hydroponics Market

High utilization of conventional agricultural techniques to propel the growth of
the North America Hydroponics Market
Hydroponics is also called as the subset of hydroculture, one of the quickest-developing soilless farming practice at a global stage, using mineral nutrient answers, in water without soil.
The hydroponic plant grows about 3000% faster as compared to a soil plant, while grown under
equal situations. The vitamins in a hydroponic device are handled with water and sent to the
root system. Furthermore, hydroponic gardening requires much less water than soil gardening
as they constantly use nutrient solutions.
Hydroponics is a technique for growing flowers without soil, utilizing mineral nutrient solutions
in a water solvent. It allows you to grow any plant regardless of weather and conditions by
providing them with enough nutrients. It additionally gives farmers the capability to expand
crops in areas that cannot help plants in soil. The supplements in hydroponics may be from fish
waste, duck compost, or ordinary dietary supplements.
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North America Hydroponics market was calculated to be USD 42.46 million in 2016 and is
anticipated to reach USD 94.29 million by 2021 with a CAGR of 17.3 %.
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hydroponics-market-2107/
One of the tremendous improvement drivers for the hydroponic commercial industry is the said
better yield in comparison with traditional farming strategies. Rise in the intake of exclusive,
salad crops and the want for worldwide food safety is expected to fuel the market. Also,
expanded cultivation of medicinal flowers and changes in farming technique may additionally
offer growth prospects for the market. Similarly, with the employment of vertical farming era,
there is a demand for the lettuce yield consistent with the year, which in turn is predicted to
fuel the market growth.
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Geographically, the North America market is segmented into US and Canada. North America
holds the second biggest market and is the fastest growing one globally attributable to its
superior agricultural strategies, the sturdy presence of major companies and the increasing
demand for healthful food. Euro Fresh, one of the key participant in hydroponics market,
planned a tremendous growth of their 200 acres plus greenhouse facility to meet the
developing demand of the population.
The key players of the market include Argus Control Systems, Koninklijke Philips NV, Greentech
Agro LLC, Logiqs B.V., and Lumigrow, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry are
provided. The report also offers a broad outlook of the market along with recommendations
from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you in
making well-informed decisions.
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Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

North America Hydroponics Market was estimated to be USD 42.46 million in 2016 and is predicted to reach USD 94.29 million by 2021 with a CAGR of 17.3 %.

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