Hydroponics Market

Hydroponics are designated solutions for economical utilization of water and fertilizers and offer favourable growth settings to the vegetables. This contemporary cultivation methodology is perennially being favoured over traditional farming, on account of its property to offer sustainable growth to vegetables even during adverse weather conditions. As a subsequence, analysts envisage healthy growth prospects for the global hydroponics market with a striking CAGR of over 6% through 2025, on the coattails of influential propositions made by this procedure.

Pathogens incubate in soils and contaminate crops and vegetables to cause E.coli and Salmonella poisoning, which poses severe health threats and even deaths in some circumstances, on the consumption of infected plants. Rising cognizance pertaining to these health risks is acutely entailing vegetables and crops cultivated in an environment free from pathogens, which can be realized with the hydroponic procedure as it eliminates any soil requisites. Proliferated adoption of the modernistic cultivation methodology has fortified the growth of the global hydroponics market and is projected to be worth US$ 12,106.5 Mn through 2025 from the value of US$ 6,934.6 Mn in 2016.

Lettuce to Account for a Whopping 32.9% Worth of Share in the Vegetable Segment of the Hydroponics Market

According to the report, the global hydroponics market is bifurcated into cucumber, spinach, lettuce, tomatoes, and peppers, among others. On the whole, lettuce is anticipated to relatively procure large market share than its counterparts, owing to numerous sales factors.

Lettuce is gaining widespread popularity among urban consumers. With the accelerated pace of urbanization, demand for lettuce is considered to be on perpetual growth. In addition to this, lettuce has been a preferred vegetable in a plethora of recipes, which further triggers the demand for lettuce from restaurants, reflecting favourably on the expansion of hydroponics market with an estimated share worth 32.9% through 2025.

European Hydroponics Market to Hit New Highs With a Share Worth over 40% through 2025

Geographically, the hydroponics market has been fragmented into the Middle East and Africa, Asia Pacific, Latin America, Europe, and North America. Among these regions, Europe is foreseen to hold a supreme position for favouring the growth of the hydroponics market with an estimated share of over 40% through 2025.

Europe has been a forerunner in executing advanced agricultural methodologies to ensure higher crop yields. Increasing awareness of the adverse greenhouse effects has been one of the prominent drivers for the rapid adoption of the hydroponics procedures. Furthermore, encouragement to the cultivation of a variety of vegetables is yet another factor influencing the growth of the European hydroponics market.

Mapping the footprints of Europe in the global hydroponics market, North America has been replicating the rate of adoption of this modernistic procedure, owing to the rising demand for a variety of vegetables yielded with the hydroponics procedure. Rapid rise in urbanization in the developed economies is anticipated to result in a significant inclination towards the adoption of hydroponic vegetables, thereby, intensifying the growth of the global hydroponics market.

Manufacturers of the Global Hydroponics Market Undergoes into Strategic Mergers and Productive Collaborations to Expand their Businesses

The study on global hydroponics market analysis various forerunning players to extract key insights and equip the stakeholders of the market with sustainable business strategies. The key players of the hydroponics market analysed in the report comprise of AMCO Produce Inc., Village Farms International, Inc., Soave Enterprises LLC., Eden Farms, Thanet Earth Ltd., Bright Farms Inc., Hollandia Produce, LP., Emirates Hydroponics Farms, Millenium Pacific Greenhouses Ltd., Platinum Produce Company, John Deere and Company, Syngenta, Bestway Inc., Monsanto, and Tru Count, among others.

Significant investment opportunities encircling the hydroponics market especially in North America and Europe are considered to intensify the competition, which will prove advantageous for the global hydroponics market. The leading players emphasising on the expansion of their hydroponics business by entering into strategic mergers and productive collaboration is a reason potent enough to trigger the growth of the global hydroponics market