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(CityRegions.Com, May 11, 2018 ) The global Hydroponics market has been estimated to cross USD 21203.5 million in 2016. The market is expected to register a CAGR of 6.5% during the forecast period, 2018 to 2023. Europe is traditionally the largest market that is implementing advanced techniques in hydroponics. Asia-Pacific forms the second largest market for hydroponics, which is then expected to grow at a steady pace during the forecast period.
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Key Developments in the Market
August 2017, Lawn-and-garden giant Scotts Miracle-Gro spent USD 136 million for Gavita, a Dutch grow lighting and Hardware Company. Through its subsidiary, Hawthorne Gardening Co., Scott has invested in companies such as Boulder’s AeroGrow, an indoor gardening company and acquired California’s General Hydroponics Inc. for USD 130 million. They also spent USD 77.1 million to acquire Botanicare.
Major Key Players GREENTECH AGRO LLC (U.S.), ARGUS CONTROL SYSTEMS (CANADA), LOGIQS B.V. (THE NETHERLANDS), LUMIGROW, INC. (U.S.), GENERAL HYDROPONICS, INC., VILLAGE FARMS INTERNATIONAL, HYDRODYNAMICS INTERNATIONAL, INC.
Browse complete report with table of content and list of figures@ http://orbisresearch.com/reports/index/global-hydropnics-market-segmented-by-product-formulation-ingredient-mode-of-applicationapplication-and-geography-growth-trends-and-forecasts-2018-2023
Growing Emphasis on food security drives the market
Global population is increasing exponentially, and every day nearly 200,000 people are adding up to the world food demand. . Farmland per capita in 2030 will decrease to 1800m˛, from the 2,200m˛ in 2005. Adding to this, crop pests are causing 10-16% of global crop losses annually, making the situation worse. To attain self-sufficiency in food, hydroponics provide an effective solution as the technology uses the space efficiently.
Hydroponic industry is the documented higher yield in comparison to traditional agricultural techniques. Along with profit farming, growing consumption of exotic, salad crops and increasing need for global food security will drive the market upwards.
Europe dominates the market share
Europe is traditionally the largest market that is implementing advanced techniques in hydroponics smart greenhouse horticulture. The matured European market demand is led by countries, such as the Netherlands, Spain and France, Holland is the largest producer of hydroponic crops and is expected to maintain the lead for the next 10 years. All the main vegetable and fruit crops are grown in European countries
Table of Content
1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Growing Emphasis on Food Security
3.1.2 Higher Consumption of Salad Crops & Exotic Vegetables
3.1.3 Environment-Friendly Profit Farming
3.2 Restraints
3.2.1 High Startup Cost
3.2.2 Less Adoption and Awareness
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation
4.1 By Type
4.1.1 Aggregate Hydroponic System
4.1.1.1 Closed Systems
4.1.1.2 Open Systems
4.1.2 Liquid Hydroponic Systems
4.2 By Crop Type
4.2.1 Tomato
4.2.2 Lettuce & Leafy Vegetables
4.2.3 Pepper
4.2.4 Cucumber
4.2.5 Others
4.3 By Geography
4.3.1 North America
4.3.1.1 United States
4.3.1.2 Canada
4.3.1.3 Mexico
4.3.1.4 Others
4.3.2 Europe
4.3.2.1 Germany
4.3.2.2 U.K.
4.3.2.3 France
4.3.2.4 Spain
4.3.2.5 Italy
4.3.2.6 The Netherlands
4.3.2.7 Others
4.3.3 Asia-Pacific
4.3.3.1 China
4.3.3.2 Japan
4.3.3.3 India
4.3.3.4 Australia
4.3.3.5 Others
4.3.4 South America
4.3.4.1 Brazil
4.3.4.2 Argentina
4.3.4.3 Others
4.3.5 Rest of the World
4.3.5.1 South Africa
4.3.5.2 Middle East
4.3.5.3 Others
5. Competitive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
Continued
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