Hydroponics Market Anticipated to Grow from $19.95 Billion in 2015 to $27.33 Billion in 2020
Research and Markets has announced the addition of the “Global Hydroponics Market – By Type, Crop Type and Geography Market Shares, Forecasts And Trends (2015 – 2020)” report to their offering.
The hydroponics market value is anticipated to grow from $19.95 billion in 2015 to $27.33 billion in 2020
A sub segment of hydro culture, hydroponics is a method of growing plants using mineral nutrient solutions, in water, without soil.
Hydroponics involve soil less culture where crops are grown in mineral nutrient solution. Plants that are not traditionally grown in a particular climate condition, are preferably grown in a controlled environment system like hydroponics. Hydroponics method uses two main mediums to grow crops- solution culture and solid medium culture. This method of farming is a niche segment gaining popularity in urban, customized agriculture setup.
Hydroponics is termed as one of the fastest growing soil less farming practice at a global level, wherein a tailored nutrient solution is used for plant growth with a superior quality and sustainable manner. One of the major growth drivers for the hydroponic industry is the documented higher yield in comparison to traditional agricultural techniques. Along with profit farming, growing consumption of exotic, salad crops and increasing need for global food security will drive the market upwards.
Lack of awareness regarding the soil less agriculture system and high initial cost would hinder the market growth to an extent. Increased cultivation of medicinal plants globally and customized farming approach may provide future growth opportunity for the industry.
Key Topics Covered:
2. Research Approach & Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
– Circle Fresh Farms
– Argus Controls
– KUBO Greenhouse Projects
– Heliospectra AB
– Hydrofarm, Inc.
– Greentech Agro, Llc
– Hydrodynamics International, Inc.
– American Hydroponics, Inc.
– Lumigrow, Inc.
– General Hydroponics, Inc.
– Koninklijke Philips NV
– Logiqs B.V.
– Thanet Earth
– Pegasus Agritech
– Village farms international
– James foskett farms
– Terra Tech
For more information visit http://www.researchandmarkets.com/research/4ksm75/global
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