Vijay Kundekar (11)

1
Hydroponics Market will Account for Worth US
12.1 Bn by 2025 FMI Reports

• March 2020

Report Id REP-GB-8993 Published On
25-Feb-2019 Category Food and Beverages
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Hydroponics Market Analysis
With the IT industry heavily investing into
devising new technologies to disrupt the
customary systems, agriculture has been a broad
segment expecting a revolution. Advancements in
agricultural infrastructures such as vertical
farming have received a significant amount of
traction with its virtue to cultivate plants by
optimizing the space, especially in urban areas.
Since, the optimum utilization of space limits
the soil and water requisites, hydroponic systems
are deemed as a designated solution underpinning
the growth of the crops and vegetables. As a
result, the global hydroponics market is poised
to gravitate to the new highs with an estimated
CAGR of 6.5 and market valuation worth US12.1
Bn by the end of 2025. With hydroponics, the
environmental settings are completely favourable
to the crops, thereby, curtailing any fertilizer
or pesticide requisites. With enhanced efficiency
and a sterile environment, the hydroponics
cultivation procedures produce higher yields with
lesser space. This has intensified the adoption
rate of this methodology, which has fortified the
growth of the global hydroponics market.
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Hydroponics Market Analysis
Proliferation in the Adoption Rate of Hydroponics
Procedure, owing to the Rising Health
Concerns Increasing inclination of consumers
towards green food has been witnessed which
encourages the demand for the growth of
vegetables. With unpredictable weather conditions
and lack of water, fertilizers, and soil
availability, cultivation of crops was deemed
challenging for the farmers. With the advent of
advanced agricultural infrastructures and
procedures, hydroponics is gaining widespread
popularity with its ability to address the need
for green vegetables. Conventional cultivation
methodologies have proved ineffective as the
plants are prone to get infected by pathogens and
cause E.coli and Salmonella poisoning. Surging
demand for clean eating has been prevalent among
the consumers, owing to the susceptibility of
health threats posed by these contaminated
plants. This has intensified the adoption of
advanced procedures for the production of
vegetables such as lettuce, tomatoes, cucumber,
spinach, and peppers among the manufacturers of
the hydroponics market.
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Hydroponics Market Analysis
Hydroponics make judicious utilization of water,
soil, and fertilizers, which is yet another
reason for the proliferated adoption of the
modernistic procedure. A host of these factors
are envisaged to reflect positively on the growth
of the global hydroponics market through the
forecast period.
Lettuce to Hold a Significant Share of 32.9 in
the Global Hydroponics Market among other
Vegetables The hydroponics market has been
fragmented into spinach, cucumber, tomatoes,
lettuce, and peppers, among others. Surging
inclination of consumers towards green
vegetables, on the back of rising health
consciousness is a crucial driver for the growth
of the hydroponics market. In addition to this,
lettuce is preferably consumed by the urban
population. With the rising rate of urbanization,
the trends of lettuce utilization are expected to
grow simultaneously, boosting the growth of
hydroponics market by holding a notable share of
about 32.9 through the forecast period as
compared to the other segments of the hydroponics
market.
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Hydroponics Market Analysis
European Hydroponics Market Set to Procure About
40 of the Total Share through 2025 Based on the
geographies, hydroponics market can be segmented
into Asia Pacific, Latin America, the Middle East
and Africa, North America, and Europe. Out of
these regions, Europe is anticipated to lead the
global hydroponics market in the forthcoming
years, on the back of numerous growth
drivers. Surging concerns of the environmental
degradation caused by greenhouse effects have
realized the value of hydroponic cultivation
procedures and vertical farming in this region.
In addition to this, demand for a variety of
vegetables in this region has made it crucial to
adopt hydroponics procedures to achieve higher
yields, which is expected to fortify the growth
of the European hydroponics market. Apart from
Europe, a rapid rise in the rate of urbanization
happening in North America is said to trigger the
demand for exotic vegetables, thereby
contributing to the growth of the hydroponics
market in this region
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Hydroponics Market Analysis

• Source Link https//www.globenewswire.com/news-re
  lease/2019/02/27/1743414/0/en/Hydroponics-Market-S
  ize-Worth-US-12-1-Billion-by-2025-Future-Market-In
  sights.html
• More from FMIs Food and Beverages Market
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• Fermented Ingredients Market
• Processed Beef Market
• About Us
• Future Market Insights (FMI) is a leading market
  intelligence and consulting firm. We deliver
  syndicated research reports, custom research
  reports and consulting services which are
  personalized in nature. FMI delivers a complete
  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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Hydroponics Market Analysis
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