HYDROPONICS MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2022
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HYDROPONICS MARKET 2018 Hydroponics Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2022 The global hydroponics crop value is anticipated to grow to USD 27.29 Billion by 2022 at an estimated CAGR of 6.39% from 2015 to 2020. Improved yields, higher return on investment, and protected environment among others, attracting a larger share of producers as well as investors has been driving the hydroponics market.
The global population count is set to reach the 9 billion mark by 2050, and the food resources are depleting at a proportionate rate. With the progressive integration of technology with agricultural practices there have been significant improvements in conventional farming practices, yield quantities, and associated returns on investments. However, in the past decade there has been constant degradation of natural resources such as land and water. This along with several other monetary reasons has led to an alarming need of switching to unconventional farming techniques, such as hydroponics, which does not depend on soil, fertile land, and water resources for cultivation.
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HYDROPONICS MARKET 2018
Intended Audience: •
Greenhouse equipment manufacturers
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Large scale vegetable producers
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Horticulutural input companies
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Retailers
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Government organization
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HYDROPONICS MARKET 2018 Regional Analysis Europe is an established market for hydroponics, whereas North America, primarily the U.S. and APAC, primarily India hold immense potential to grow significantly during the forecast years.
The European region lead the global hydroponics market in 2014 with an estimated crop value of USD 9.8 billion and will continue with this dominance growing over USD 13.38 Billion by 2020 at an estimated CAGR of 5.28% through 2015 to 2020. The Americas will be growing at the highest CAGR of 9.1% from 2015 to 2020. Developing countries of Middle East and Africa will continue contributing smaller shares to the global hydroponic crop value through the forecast period.
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HYDROPONICS MARKET 2018 Application & Major Players in this Research: Hydroponics Market Prominent Players:
Village Farms International, Thanet Farms,
Pegasus Agritech,
James Foskett Farms. Terra Tech, Growlife, American Hydroponics and General Hydroponics.
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