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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
“Adoption of hydroponics in lawns and backyards of houses is a major trend in developed countries. Much of this produce is for personal consumption, but in some cases is sold through local farmer markets and to unorganized small stores in the neighbourhood. Hydroponics based vegetables grown in houses are much cheaper as they are grown in small batches.” says FMI analyst.
Awareness regarding healthy lifestyle and nutritious food is increasing among consumers due to which they prefer natural and organic food products. Consumers also prefer high quality and sustainable vegetables and fruits due to which the adoption of hydroponics farming method is increasing as it ensures year around harvest. Multiple restaurants are using hydroponics garden for the production of vegetable and fruits as it helps to maintain the freshness for long period of time. Hydroponic grown plants are 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.
Some of the key players operating in the hydroponics market are Heliospectra AB, LumiGrow Inc., Green Sense Farms Holdings, Inc., Koninklijke Philips NV, Scotts Miracle-Gro Co., Argus Control Systems Ltd., Emirates Hydroponics Farms, Platinum Produce Co., Hollandia Produce, L.P., Eden Farms, AMCO Produce Inc. and many other players.
Several leading players in hydroponics market are acquiring smaller businesses to expand their geographical presence and to broaden the product portfolio. The companies are investing in adapting advance technologies of hydroponics farming to produce the organic and natural food products.
Get Valuable Insights into Hydroponics Market
The global hydroponics market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
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