Worldwide hydroponics business by 2027 – with Signify Holding, Village Farms and Argus Management Techniques, amongst others
DUBLIN, Sep 06, 2021 – (BUSINESS WIRE) – The report “Hydroponics Market, Global Forecast, Impact of COVID-19, Industry Trends by Type, Inputs, Plants, Region and Opportunity Company Overview, Revenue” was added to ResearchAndMarkets.com to offer.
According to this report, the global hydroponics market is estimated at $ 19.08 billion by 2027. The global hydroponics industry will grow at a CAGR of 9.21% through 2020-2027.
Hydroponics is playing a vital role in changing the way people think about plant growth and the future of horticulture and agriculture. Hydroponic farming has become a new trend in the agricultural sector, especially given the growing need for food and limited resources. It simply means that growing fresh vegetables and fruits in nutrient-rich water instead of soil requires less space and resources. Modernized techniques and soilless agriculture worldwide lead to higher productivity in a controlled climate and without the risk of pests and insects.
According to the World Economic Forum, the world population is expected to grow to nearly 10 billion people by 2050, increasing the need for food by 60 percent than it is today. The growing demand for exotic vegetables such as tomatoes, lettuce, peppers, cucumbers, herbs and others used in intercontinental cuisine is a major contributing factor to the global hydroponics market. In addition, it is expected that increasing consumer awareness of the consumption of fresh vegetables will also stimulate the market in the future. Demand for exotic vegetables like tomatoes and red lettuce in food and retail chains like Burger King and KFC is expected to increase sales over the forecast period.
North America and Europe hold the largest market share worldwide; Factors like Europe have traditionally led the way in implementing advanced techniques in innovative hydroponic greenhouse horticulture. Countries such as France, the Netherlands and Spain have large areas of greenhouse cultivation. In the United States, the growing demand for hydroponics and the growing need for food and higher yields than traditional farming methods are driving the hydroponics industry. In addition, the increasing consumption of exotic vegetables is adding value to the US hydroponics market.
The story goes on
The COVID-19 pandemic has made it necessary to understand the importance of adequate diet to boost immunity, maximize health, and reduce the risk and impact of the virus. A strong and resilient immune system is a prerequisite for hydroponic farming. Therefore, the devastating consequences of the pandemic should be a catalyst to expand taste, knowledge and awareness and contribute to the adoption of hydroponics for a sustainable food system worldwide.
Key topics covered:
2. Research & methodology
4. Market dynamics
4.1 Growth drivers
4.2 Main Challenges
5. Global Hydroponics Market
6. Market share analysis
6.1 By type
6.2 After input
6.3 After plants
6.4 By technology
6.5 By region
7. Type – Global Hydroponics Market
8. Input – Global Hydroponics Market
8.2 growth medium
9. Plants – Global Hydroponics Market
10. Technology – Global Hydroponics Market
10.1 LED grow lights
10.3 Irrigation System
10.4 ventilation system
11. Region – Global Hydroponics Market
11.1 North America
11.3 Asia Pacific
11.4 South America
11.5 Middle East & Africa
12. Business analysis
Please visit https://www.researchandmarkets.com/r/zh34mf for more information on this report
View source version on businesswire.com: https://www.businesswire.com/news/home/20210906005078/en/
Laura Wood, Senior Press Manager
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