Hydroponics Market

Hydroponics Market Segmented by Equipment, System
Type, Crop Type, and Input Type - Trends and Forecast till
Hydroponics is the method of growing plants without using soil or soil-less
gardening using important nutrients in a mineral rich water solution. A plant
only needs sunlight, sufficient amount of water, and selected nutrients to grow.
Hydroponics farming allows a plant to grow 50% faster than conventional
method. It eliminates the need of pesticides and herbicides. In hydroponic
gardening, any type of water can be use that can be recycle and re-used, which
reduces the need of fresh water and uses less space. Increasing consumption of
salad crops and vegetables is expected to boost the growth of hydroponics
market during the forecast period. Furthermore, higher yield of hydroponic
crops as compare to conventional soil crops, increasing need of food security
with increasing population, rise in cultivation of medicinal plants, and
environmental friendly techniques are some of the divers for the growth of
+hydroponic market.
Hydroponic is classified on the basis of equipment such as HVAC (Heating,
Ventilation, and Air Conditioning), communication technology, LED grow
light, irrigation system, material handling, control systems, and others. HVAC
equipment segment accounted for the largest market revenue in hydroponics
market, owing to increasing adoption of HVAC systems in hydroponics for
basic usage. Hydroponics is also classified on the basis of systems, such as
aggregate hydroponic system and liquid hydroponic system. The aggregate
hydroponic system is segmented into closed and open system where closed
system is furthermore classified as the water culture system, the EBB and flow
system, drip systems, and the wick system. The aggregate system segment is
expected to account for largest market share as compared to that of liquid
hydroponics systems, in global hydroponics market, as this system offers
support medium for the crops to grow, whereas the liquid hydroponic system
does not provide supporting medium to the crops.
Europe is the most dominant region in global hydroponics market and
accounted for 36.44% market share, owing to the advanced techniques
availability in hydroponic smart greenhouse agriculture. The European
economies such as Spain, Netherlands, and France have large greenhouse
agricultural areas, which is expected to fuel the growth of this market. The
farmers cultivate their plants in tunnel like greenhouses in Netherlands without
using technologies related to climate control. The Scandinavian economies such
as Finland, Sweden, Denmark, and Norway use hydroponic method of
agriculture as growing crops is difficult during winter.
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Hydroponics Market report categorizes the global market by Equipment, by System Type, by Crop Type, by Input Type - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025