Global Hydroponics Market Research and Forecast, 2019-2025
Global hydroponics market, size, share & trends analysis report by system (liquid hydroponic systems, aggregate hydroponic systems) by equipment (heating, ventilation, air conditioning (HVAC), irrigation systems, material handling, control systems)
Hydroponics is a technology, in which plants are grown in absence of soil and only in the availability of water and light. The various micro and macronutrients required for the plant is dissolved in the water which are being supplied to plants. From this water, the plants absorb the nutrients required for their growth and development. This process provides the plants with faster growth rate, and this is acquired through cultivation process. Through this process, plants get everything they need throughout the cultivation process, which in turn, provides a faster growth to the plants.
The lack of availability of cultivatable land due to increased industrialization and urbanization across the globe increased the popularity of vertical cultivation. Vertical cultivation is the method of developing medicines and foods, in a vertically stacked layers or vertically inclined surfaces, or in other structures such as warehouse or shipping container. CEA (controlled environment agriculture)
Apart from these factors, increasing population is propelling the need of hydroponics, as hydroponics is offering a solution with faster growth and development of the plants. The hydroponic technology is more economical and ecofriendly than the traditional methods. Water in a hydroponic system could be recycled. Hydroponic farms employ only up to 10% of the total water that is being used in the traditional farming techniques. Apart from this, system does not allow nutrients to leach away or go wasted. Due to all these reasons, hydroponics is the new future towards the farming. Since it is a system of growing plants artificially, it need not be grown in their original cultivatable areas. The cultivation place could be rather fixed near to the consumers, or other end users, which could effectively reduce the transportation cost.
There are various new trends, which are being followed in the market. These trends are bringing advancements in many aspects such as nutrition, lighting, and the ways in which hydro systems are being employed. Hydroponic lighting has experienced vast changes in the past years. Few of the extra additions to the lighting apart from LED are HID (high intensity discharge) and double ended lighting systems. These new systems have many advantages over LED as they are more efficient and last longer than LEDs. In case of the nutrients, a new trend has been followed since the introduction of self-buffering specialty nutrients. These nutrients are capable of maintaining consistent pH levels. Apart from this, nutrient manufacturers are successful in getting new stable formulas, which are completely soluble in water and can adjust to the desired pH ranges. Additionally, the introduction of automated hydroponic systems, which are aimed to increase the growth of various microgreens such as sprouts, is gaining popularity. Farmers are also using these automated hydroponics systems for growing fodder for their livestock. Apart from being cost effective, farmers are able to provide their livestock with superior food source. Another hydroponic trend that has been followed is aquaponics. Aquaponics is an integration of aquaculture and hydroponic farming. In this system, fish wastes are fed to plants and plants filter the water for fish; hence, their co-existence forms a natural cycle. The key players operating in the market includes American Hydroponics, Advanced Nutrients Ltd., EZ-Gro Inc., Botanicare, Hydrodynamics International Inc., General Hydroponics Inc., and Perfect Grower, Inc., among others.
1. Global Hydroponics Market by System
· Liquid Hydroponic Systems
· Aggregate Hydroponic Systems
2. Global Hydroponics Market by Equipment
· Heating, Ventilation, and Air Conditioning (HVAC)
· Irrigation Systems
· Material Handling
· Control Systems
· Others (LED Lighting)
· North America (US and Canada)
· Europe (UK, Germany, France, Spain, and Italy)
· Asia-Pacific (China, India, and Japan)
· Rest of the World
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