Hydroponics techniques have the distinctive capability to yield any type of crop throughout the year, in any season. Inconsistent climatic conditions cause a major strain on the supply chain of the global food market. Growing adoption of hydroponics systems by agriculturalists in several parts of the globe to ensure year-round harvest and to lessen food scarcity at regional levels is estimated to drive the growth of the global hydroponics market over the forecast period. Moreover, yearlong and consistent supply of hydroponics fruits/vegetables ensures constancy of food prices, irrespective of bad climatic conditions.
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Key Takeaways from the Hydroponics Market Study
- To reduce high energy costs associated with hydroponics cultivation, many companies are launching new LED lights that consume less electricity, and will be easier on the pockets of hydroponic farmers. For instance, In March 2017, Hydro Garden, which is a U.K. based hydroponics equipment manufacturer, entered into an agreement with Plessey, which is a leading solid state lighting manufacturer. Plessey manufactures Hyperion series of LED units, which enable around 40% energy saving in comparison to sodium grow lights.
- To maintain freshness and capitalize on the locally-grown appeal quotient, restaurants are increasingly using on-site hydroponic and aeroponic gardens for cultivation of vegetables and herbs. This trend is gaining popularity and is expected to continue to witness adoption in food outlets and food chains in many developed countries across the globe.
- Microgreens are also called as sprouts, defined as young or baby vegetables that are primarily used to enhance the sensory appeal of dishes. Using hydroponic farming grown baby squash is also witnessing high demand from retail and restaurants. Thus, a number of farmers are adopting hydroponic farming in order to leverage this rising demand for such products in markets in developed countries, and this trend is expected to continue over the forecast period.
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HYDROPONICS MARKET TAXONOMY
The global hydroponics market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Crop Type
- Vegetables
- Kohlrabi
- Radish
- Cucumber
- Tomatoes
- Peppers
- Others
- Herbs & Greens
- Arugula
- Lettuce
- Cilantro
- Basil
- Mint
- Parsley
- Spinach
- Others
- Fruits
- Strawberry
- Blueberry
- Watermelons
- Grapes
- Cantaloupe
- Others
- Flowers
Solutions
- Organic
- Bone meal
- Hoof / Horn meal
- Fish meal
- blood meal
- Cottonseed meal
- Dried locust or Grasshopper
- Animal Manure
- Others
- In Organic
- Macronutrients
- Micronutrients
Farming Type
- Indoor Farming
- Outdoor Farming
Distribution Channel
- B2B
- B2C
- Modern Trade
- Grocery Stores
- Specialty Stores
- Bulk Suppliers & Distributors
- Online retailers
Region
- Global
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa