The
nascent stage of development of the global hydroponics market ensures
the presence of ample growth opportunities for new companies, states
Transparency Market Research in a recent report. The level of
competition is expected to intensify in the near future as companies
start realizing the vast growth opportunities that the market offers,
leading to a fairly populated vendor landscape and a rich product
portfolio for business across the globe. Companies are presently
focusing on advanced innovative technologies such as computer-aided
drip irrigation and shrink wrapping.
Going
forth, companies are expected to focus more on launch of new
products, increased investment towards R&D activities, and
strategic collaborations with regional companies to establish their
stronghold on the market. Some of the leading vendors recognized in
the market are Emirates Hydroponics Farms, AMCO Produce Inc., Soave
Enterprises LLC., Thanet Earth Ltd., Bright Farms Inc., Village Farms
International, Inc., Millennium Pacific Greenhouses Ltd., Hollandia
Produce, L.P., Eden Farms, and Platinum Produce Company.
The
report states that the global
hydroponics market will exhibit a promising 6.5% over the
period between 2017 and 2025, rising from a valuation of US$6.9 bn in
2016 to an opportunity of US$12.1 bn by 2025.
Developed
Regions at the Fore of Market Development, to Retain Dominance
On
the basis of the type of vegetable, the global hydroponics market
earns its dominant share in revenue from the lettuce segment. The
segment held a significant 32.9% of the overall market in 2017 and is
expected to remain one of the most profitable segments throughout the
forecast period as well, registering a promising 6.6% CAGR. The
tomato segment is also projected to amount for a significant share in
global revenue through the forecast period.
From
a geographical standpoint, the report ranks the market for
hydroponics market in North America and Europe as the two leading
contributors to the global market. Europe alone is expected to
account for a massive 41% of the global market by the end of the
forecast period, with North America continuing its promising run as
well. High demand for hydroponics systems across these regions is
chiefly attributed to the rising consumption of hydroponic vegetables
owing to the increased level of awareness among consumers. Asia
Pacific is also expected to remain a key regional market on account
of its vast population and healthy outlook of development of key
emerging economies.
For
more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24662
Vast
Rise in Consumption from Mounting Global Population to Fuel Growth
A
number of factors are contributing to the development of the global
hydroponics market, including the mounting global population, vast
benefits of hydroponics as compared to traditional methods of
agriculture in terms production volumes, and shrinking arable lands.
As world governments make food security one of their key priorities
and the focus on environment-friendly methods of farming gain force,
the demand for innovative ways of farming is expected to remain high,
a potential trend expected to drive the global hydroponics market.
However,
the high base investment required to set-up hydroponic systems and a
general lack in awareness about its benefits could potentially hinder
the global hydroponics market’s growth prospects to a certain
extent over the report’s forecast period. Nevertheless, novel
application areas such as customized farming and plantation of
medicinal plants could open up growth opportunities.
This
review of the market is based on a recent market research report by
Transparency Market Research, titled “Hydroponics Market (Vegetable
- Cucumber, Lettuce, Spinach, Peppers, and Tomatoes; Distribution
Channel - Modern Trade (Hypermarket and Supermarket), Grocery Stores,
Unorganized Small Stores, Whole Food and Specialty Stores, and Bulk
Suppliers and Distributors; Origin - Natural and Organic and
Conventional; Farming - Indoor Farming and Outdoor Farming) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 –
2025.”
For
the study, the market has been segmented as follows:
Global
Hydroponic Vegetables Market – By Vegetable Type
- Cucumber
- Lettuce
- Spinach
- Peppers
- Tomatoes
- Others
Global
Hydroponic Vegetables market – Distribution Channel
- Modern Trade (hypermarket/supermarket)
- Grocery Stores
- Unorganized Small Stores
- Whole Food and Specialty Stores
- Bulk Suppliers and Distributors
- Others
Global
Hydroponic Vegetables Market – By Origin
- Natural & Organic
- Conventional
Global
Hydroponic Vegetables market – Farming Type
- Indoor Farming
- Outdoor Farming
Global
Hydroponic vegetables market – By Region
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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