20.6 C
New York
Wednesday, May 25, 2022
HomeHydroponicsHydroponics Market Size Worth $ 22.2 Billion By 2028; CAGR - GlobeNewswire

Hydroponics Market Size Worth $ 22.2 Billion By 2028; CAGR – GlobeNewswire

| Source: Reports and Data Reports and Data
New York, New York, UNITED STATES
New York, March 03, 2021 (GLOBE NEWSWIRE) — Higher yield as compared to traditional agricultural practices is driving the industry.  
Market Size – USD 9.5 Billion in 2020, Market Growth – at a CAGR of 11.3%, Market Trends –Growing veganism practice and rising consumption on salads among health-conscious population
The global hydroponics market is predicted to be valued at USD 22.2 Billion in 2028 from USD 9.5 Billion in 2020, occupying a CAGR of 11.3% throughout the forecast period. Hydroponics is a profitable technology, which is also environment-friendly. This technology is highly promoted by several governments and private firms for its numerous advantages in food security. Growing demand for supplying food against the considerable population is propelling the industry growth.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3832
Excessive cost of this technology is the major drawback in the hydroponics industry. However, a lot of research and development activity in this field is predicted to minimize the overall cost of this technology. Growing emphasis on food security, high profits, and rising consumption of exotic vegetables and salad are accelerating the sector’s growth.
The need for exotic fruits has been constantly elevating due to the rising purchasing power of a large base of consumers. These exotic products are costly, as such products are imported, and thus, various research universities and institutions are highly focusing on building simplified hydroponics systems, to accelerate the exotic vegetables’ production, meeting the population’s escalating demand. Growing awareness among consumers regarding the advantages of eating fresh vegetables is further contributing to the industry development.
Hydroponic production is getting popular among vegetable producers, since the method is not labor-intensive to manage huge production area, and it is an efficient method for controlling inputs and managing facilitates for pests and disease. Hydroponics reduce the soil fumigants’ requirement and can rise popular vegetables’ yields; farmers are adopting hydroponics. Rising hydroponics adoption as a preferred cultivation method is further supporting the sector growth.
Hydroponics Market Size, Share & Analysis, By Type (Aggregate Systems, Liquid Systems), By Crop Type (Vegetables, Fruits, Flowers), By Equipment (HVAC, LED Grow Lights, Irrigation Systems, Material Handling Equipment, Control Systems), By Region, And Forecast To 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydroponics-market
Further key findings in the report 
Order Now: https://www.reportsanddata.com/checkout-form/3832
For the purpose of this report, Reports and Data has segmented the global dye sublimated apparel market on the basis of type, crop type, equipment, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
Equipment Outlook (Revenue, USD Billion, 2018 – 2028)
Input Outlook (Revenue, USD Billion, 2018 – 2028)
Crop Type (Revenue, USD Billion, 2018 – 2028)
Regional Outlook (Revenue, USD Billion, 2018 – 2028)
Browse similar research reports:


Mulch Films Market Size, Share & Analysis By Product Type (Non-biodegradable Mulch Films, Biodegradable Mulch Films), By Raw Material (Low-Density Polyethylene, High-Density Polyethylene, Linear Low-Density Polyethylene, Ethylene-Vinyl Acetate, Polylactic Acid, Polyhydroxyalkanoate), By Crop Type (Fruits & Vegetables, Grains & Oilseeds, Flowers & Plants), And By Region, Segment Forecasts To 2028
Humic-based Biostimulants Market Size, Trends & Analysis, By Type (Humic Acid, Fulvic Acid, Potassium Humate), By Formulation (Powder, Granules, Liquid), By Application (Foliar Treatment, Seed Treatment, Soil Treatment), Region And Forecast To 2027
Smart Irrigation Market Forecast, Size, Share Analysis, By Type (Climate Based Controller, Soil Moisture Sensor Controller Systems), By Component (Sensors, Controllers, Water flow meters, Software and Others), By Application, By Region Forecasts To 2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Facebook
Read Full Press [email protected] https://www.reportsanddata.com/press-release/global-hydroponics-market

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img