Asia Pacific Hydroponics Market

Changing preferences of people towards hydroponics as a profit farming technique is fueling
the Asia Pacific Hydroponics Market
Hydroponics is a subset of hydroculture, the approach of growing plants without soil, using
mineral nutrient answers in a water solvent. Terrestrial plants can be grown with only their
roots exposed to the mineral answer, or the roots can be supported by an inert medium, along
with prelate or gravel. Hydroponics is a way of developing plant life that takes advantage of this
reality by using providing all of the vitamins, in their inorganic form, in a liquid solution without
or with solid media. Hydroponic systems had been drastically utilized by scientists for exploring
nutrient requirements and additionally the toxicity of some elements in Arabidopsis and
different plant species.
By 2030, farmland with capita is possible to lower between 1800m² from 2,200m², which was
recorded in 2005. Including as much as this, crop pests are causing almost 10-16% of the global
crop losses yearly, making the scenario worse.
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The Asia-Pacific Hydroponics market has been estimated at USD 46.71 million in 2016 and is
projected to attain USD 101.53 million by 2021, at a CAGR of 16.8% during the forecast period
from 2016 to 2021.
Drivers and Restraints:
The essential drivers for the hydroponic industry are the higher yield in contrast to traditional
agricultural strategies. A rise in the consumption of special, salad plants and the want for global
food security is expected to fuel the market. However, increased cultivation of medicinal plant
life and modifications in farming approach might also provide destiny increase opportunities for
the industry. Similarly, with the employment of vertical farming generation, there's an increase
in the lettuce yield per year, which in flip is anticipated to fuel the market growth.
Lack of scientific know-how concerning the soil-much less agriculture device and high setup
price is anticipated to restrain the market growth to some extent. However, a high preliminary
cost and absence of proper expertise among players alongside the requirement of technical
know-how approximately hydroponics device will limit entrants from entering into the market,
therefore posing a capacity restraint to the market.
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Geographic Segmentation
Geographically, the market is similarly segmented into China, Japan, India, Australia and South
Korea. Asia-Pacific market is growing at an enormous CAGR for the duration of the forecast
period due to its large populace and excessive cultivable lands in nations like India, China.
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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.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecastā„¢
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

Asia-Pacific Hydroponics Market has been estimated at USD 46.71 million in 2016 and is projected to reach USD 101.53 million by 2021, at a CAGR of 16.8% during the forecast period from 2016 to 2021.