Global Hydroponic Market Growing at A CAGR of 11.7% During The Forecast Period

-

The global hydroponic market was valued at USD 8.2 billion in 2018 and is expected to reach USD 16.9 billion in 2026, growing at a CAGR of 11.7% during the forecast period. 

Hydroponics is referred to as a subset of hydroculture, one of the world's fastest-growing soil-less farming practices using mineral nutrient alternatives in soil-free water. The growth of the hydroponic market is primarily driven by the increasing food demand and security and helps in conserving natural resources are the key factors driving the growth of this market.

However, lack of government policy and high capital investment hamper the growth of the Hydroponic industry. On other hand the increase in demand for Organic Food and demand for hydroponic grown Cannabis may also provide a profitable chance for market players in the near future. Based on type, liquid segment expected to dominate the market throughout the forecast period Based on the type, the global hydroponic market has been segmented liquid and aggregate system. The liquid segment is growing rapidly in the Hydroponic market with the highest CAGR of 8.9% in the forecast period. Compared to the closed aggregate system model, liquid systems indicate greater productivity and hence most farmers have been installing liquid systems for their crop production.

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-hydroponic-market-industry-outlook-2016-2026/154298

In addition, liquid systems are used widely in the manufacturing of lettuce and also help tomatoes in various areas. The plant's roots are constantly or intermittently immersed in a nutrient solution. Nutrient film technique (NFT) is one of the most widely used liquid hydroponics in which nutrients are dissolved in water and passed through the plants. In 2018, liquid hydroponic systems accounted for nearly 17 percent of the market. The market for this segment is anticipated to expand at a quicker rate compared to aggregate systems.

Based on application, the vegetable segment is expected to grow at a CAGR of around 7.1% throughout the forecast period

Based on the application, the market has been segmented into fruits, vegetable, and flowers. The vegetable type accounts of the largest share in the market and are expected to grow at a CAGR of around 7.1% during the forecast period.

The market is driven by increasing disease burden of chronic pain and growing need for effective pain management remedies on the global scale. Compared to traditional farming, vegetables cultivated using hydroponics are known to grow quicker and stronger as the right nutrients are supplied straight to the roots of crops.

Browse Full Report at: https://www.ozonemarketreports.com/consumer-goods-and-services/global-hydroponic-market--industry-outlook-2016-2026/154298

The cost of capital involved in the hydroponic set-up is high, the crops produced are sold at premium rates and, according to industry experts, and the price of the ranges of products is equal to the prices of organic products. In approximately 10 percent of the land region and 5 percent of the water volume needed for crop manufacturing, productivity from both aquaponics and hydroponic farming can be achieved. When practiced in a controlled setting, these methods promote crop development throughout the year.

Europe to dominate the Hydroponic market throughout the forecast period Europe accounted for nearly 38% share of the global Hydroponic market in 2018 and is expected to dominate the market throughout the forecast period. In 2018, Europe was the biggest hydroponic crop producer. It remains the biggest market for plants generated hydroponically.

Traditionally, Europe has been at the forefront of sophisticated hydroponic intelligent greenhouse horticulture methods. Countries like the Netherlands, Spain, and France have big greenhouse-growing regions. In the Netherlands, however, growers mostly grow their crops in easy tunnel-like greenhouses without the use of climate control techniques. The advance in greenhouse farming has supported the development of hydroponics in Europe.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-hydroponic-market-industry-outlook-2016-2026/154298

Company Profiles and Competitive Intelligence:

The major players operating in the global hydroponic market are
·        Aerofarms (US),
·        Terra Tech Corp (US),
·        Hydroponic Farms (UAE),
·        Triton Foodworks Ltd. (India),
·        Urban cultivator (Canada),
·        Village Farms (Canada),
·        Green Sense Holdings (US)
·        among others.

Contact Us:
Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Comments

Post a Comment

Popular posts from this blog

Global Ransomware Protection Market is growing at a CAGR of 16.58% from 2017 to 2025

-
The Global  Ransomware Protection  Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.  Ransomware  is a type of malicious software from crypto virology that threatens to publish the victim’s data or perpetually block access to it unless a ransom is paid. Ransomware protection system ensures several benefits for organizations that include – patch and vulnerability management, application control, privilege management, file and removable media protection, and remediation of running ransomware. Market Dynamics: 1. Market Drivers 1.1 Adoption of multi-layered security systems 1.2 Increasing adoption of threat intelligence among enterprises 1.3 Evolution of ransomware-as-a-service model 1.4 Rising phishing attacks and targeted security breaches 1.5 Increasing demand for data backup and recovery solutions 2. Market Restraints 2.1 Increasing ransom amount 2.2 Lack of technical...
Read more

Global Special Mission Aircraft Market is growing at a CAGR of 3.85% from 2017 to 2025

-
The Global Special Mission Aircraft Market was valued at USD 11.37 billion in 2016 and is projected to reach USD 15.98 billion by 2025, growing at a CAGR of 3.85% from 2017 to 2025.  Special Mission Aircraft are versatile aircraft that can be used by all three sectors of the armed forces for various operations. Special mission aircraft are equipped with surveillance equipment to detect the movement of enemy units but usually lack major offensive weapons. These aircraft have capabilities in areas such as maritime patrol as well as anti-submarine and airborne early warning and control. They can be used in both military and non-military missions. Market Dynamics: 1. Market Drivers 1.1 Development of EW counter measure system in aircrafts 1.2 Growing terrorism and insurgencies due to conflict 1.3 Rising investments by governments in defense sector 2. Market Restraints 2.1 Lack of expertise and trained pilots Request Sample Visit : https://www.ozonemarketreports.c...
Read more

Global Pipeline Safety Market is growing at a CAGR of 9.65% from 2017 to 2025

-
The Global  Pipeline Safety  Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.  Pipelines  are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes – reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance. Market Dynamics: 1. Market Drivers 1.1 Rising security regulations and standards 1.2 Increasing demand of oil and gas in developing economies 1.3 Increasing sustainable use of resources 1.4 Up gradation of refineries, drilling sites and exploration of new sites 2. Market Restraints 2.1 Budget ...
Read more