Hydroponics technologies market to Grow by USD 558.97 million from 2022 to 2027 | Facilitation in soil and space-saving drives the market - Technavio

NEW YORK, Aug. 31, 2023 /PRNewswire/ -- Technavio categorizes the hydroponics technologies market is estimated to grow at a CAGR of 15.4% between 2022 and 2027 and the size of the market is forecast to increase by USD 558.97 million. Facilitation in soil and space-saving is the major factor notably driving market growth. About 6-7 million hectares of agricultural land are lost due to urbanization, industrial development, degradation, and soil erosion Across the globe. Rapid population growth creates challenges in meeting food needs due to limited agricultural land. In this context, vertical and indoor farming emerge as alternatives. Hydroponic technology allows for increased yields, requiring only about 10% of the land used in traditional agriculture to produce the same amount of fruit and vegetables. Thus, hydroponic technology promotes land and space efficiency, driving the growth of the market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Hydroponics technologies market – Company Analysis
Company Landscape - The hydroponics technologies market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer hydroponics technologies in the market are AmHydro, Argus Control Systems Ltd., Brio Agri Producer Co. Ltd., Cox Enterprises Inc., Fork Farms, Greentech Organic Hydroponics Systems Mfrs., GrowLife Inc, Hawthorne Gardening Co., Heliospectra AB, Hortisystems UK Ltd., Hydrodynamics International Inc., Koninklijke Philips NV, KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics TM, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc. and others.
The global hydroponics technologies market is at its growing stage. 

Company Offerings -

• AmHydro: The company offers hydroponics technologies for food and agri industries
• Argus Control Systems Ltd.: The company offers hydroponics technologies for applications such as Bioscience research, Specialty growing, and commercial horticulture.
• Cox Enterprises Inc.: The company offers hydroponics technologies under the brand BrightFarms Inc.
• For details on the company and its offerings – Request a sample report

Hydroponics Technologies Market - Segmentation Assessment

Segment Overview
Technavio has segmented this market by technology (environment and climate control systems, grow lights, farm management systems, and material handling systems), type (aggregate system and liquid system), and geography (Europe, APAC, North America, South America, and the Middle East and Africa).

• The environment and climate control systems segment will account for a major share of the market's growth during the forecast period. Environmental systems such as heaters, air conditioners, chillers, fans, carbon dioxide generators, and irrigation systems are used to create an ideal man-made environment that can simulate natural conditions course. To monitor various aspects of the growing area that are important for crop health, growers can use environmental monitoring equipment. Advanced features offered by leading market players will fuel demand for climate and environmental control systems during the forecast period.

Geography Overview
By geography, the global hydroponics technologies market is segmented into Europe, APAC, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hydroponics technologies market.

• APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Another region showing significant growth is Europe. Furthermore, rising consumer awareness of the quality difference between greenhouse and hydroponic vegetables is continuing to drive the hydroponic market in the region. These technologies are mainly used to grow cucumbers, spinach, peppers, and lettuce. Therefore, these factors are expected to drive market growth in this region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Hydroponics Technologies Market – Market Dynamics

• Leading Trends - An increase in the offering of advanced hydroponic growing systems is an emerging trend shaping market growth.
• Major challenges - The high investment cost of hydroponics technologies is a major challenge hindering market growth.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Hydroponics Technologies Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hydroponics technologies market between 2023 and 2027
• Precise estimation of the size of the hydroponics technologies market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hydroponics technologies market across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of hydroponics technologies market companies. 

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Table of Contents 

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Technology 

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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SOURCE Technavio