Future of Hydroponics Market Growth & Emerging Technologies To Witness Lucrative Growth USD 31 Bn by 2031 | Major Companies Leading - Bright Farms Inc, Argus Control Systems Limited, Hortisystems Uk Ltd, Kubo Group, Greentech Organic Hydroponics Systems M

The Global Hydroponics Market reached USD 10 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 31 billion by 2031. The market is growing at a CAGR of 14.5% during the forecast period 2024-2031.

Hydroponics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Hydroponics is a method of growing plants without soil by using nutrient-rich water solutions. This innovative technique allows plants to thrive in controlled environments, promoting faster growth, higher yields, and efficient resource use. Hydroponics is widely used in urban farming, vertical gardens, and commercial agriculture to optimize food production while conserving water and space.

List of the Key Players in the Hydroponics Market:

Bright Farms Inc, Argus Control Systems Limited, Hortisystems Uk Ltd, Kubo Group, Greentech Organic Hydroponics Systems Mfrs., Circle Fresh Farms, Hydrodynamics International, Helio spectra AB, AmHydro, and Growers Supply.

Industry Development:

October 2022: GrowGeneration Corp (GRWG) opened its first hydroponic store in Virginia, covering an impressive 9,000 square feet in Richmond. This strategic expansion highlights GRWG's dedication to tapping into Virginia's growing hydroponic market, with further store expansions planned across the state.

July 2022: Bustanica unveiled the world's largest hydroponic farm, backed by a substantial USD 40 million investment. This landmark facility represents a major achievement for Emirates Crop One, a joint venture between Emirates Flight Catering (EKFC) and Crop One.

February 2022: Silal, a leading fresh produce and agri-tech company in Abu Dhabi, signed a Memorandum of Understanding (MoU) with AeroFarms. This partnership is designed to foster long-term collaboration in research and development, facilitating the transfer of advanced farming technologies and knowledge to local farmers in the region.

Growth Forecast Projected:

The Global Hydroponics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Hydroponics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Hydroponics Market:

By Crop: Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, Others

By System: Aggregate Hydroponic System, Liquid Hydroponic System

By Equipment: HVAC, LED Glowlight, Irrigation Systems, Material Handling, Control Systems, Others

By Service: Inorganic Hydroponic Solutions, Organic Hydroponic Solutions

Regional Analysis for Hydroponics Market:

The regional analysis of the Hydroponics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Hydroponics market?

➠ Who are the leading manufacturers in the global Hydroponics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Hydroponics industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Hydroponics market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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