Skip to main content

Hydroponics Market to Grow Exponentially Stoked by Emergence of Advanced Artificial Intelligence-based Systems, reports Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, India, March 08, 2021 (GLOBE NEWSWIRE) — The global hydroponics market size is set to gain traction from the increasing need to grow nutritionally superior crops without using artificial ripening agents and pesticides. Fortune Business Insights™ published this information in an upcoming report, titled, “Hydroponics Market, 2021-2028.” As per the report, numerous companies operating in the market are nowadays introducing innovative systems to strengthen their positions. The Analytics India Magazine, for instance, mentioned in an article that artificial intelligence-based hydroponics or aquaculture are trending because of their ability to collect data about electrical conductivity levels, pH levels, nutrient supply, and crop vitals. At the same time, they can easily detect humidity levels, temperature, and light density.The outbreak of the COVID-19 pandemic affected a wide range of industries negatively across the globe. It has disrupted supply chain networks because of the complete lockdown across the globe. Also, transportation of raw materials and other products has become difficult under the current circumstances. We are delivering authentic research reports describing the effects of this pandemic on the market for hydroponics.
Segments–Vegetable Segment to Lead Backed by Rising Demand for Premium-quality ProductsBased on the type, the market is segregated into liquid hydroponics and aggregate hydroponic systems. On the basis of region, it is divided into the Middle East & Africa, Europe, North America, South America, and Asia Pacific. By crop type, it is fragmented into flowers, fruits, and vegetables. Amongst these, the vegetables segment is set to generate the largest hydroponics market share in the upcoming years. This growth is attributable to the increasing demand for premium-quality vegetables in developed countries. This is mainly occurring on account of the increasing prevalence of diseases caused by the consumption of chemically-treated vegetables.
Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hydroponics-market-102275
Report Coverage-The research report offers a comprehensive analysis of pre-existing companies that can affect the outlook throughout the forthcoming years. Besides, it provides an accurate assessment by highlighting information on several aspects that may include growth drivers, opportunities, trends, and hindrances. It also represents the market size from a global perspective by analyzing qualitative insights and historical data.
Drivers & Restraints-Increasing Concerns of Food Security to Favor GrowthThe demand for hydroponics is likely to surge in the near future because of their ability to provide better crop yields in a lesser time period, control soil borne pathogens, and nutrient availability in the system. Apart from that, the increasing global population and reduction in the number of agricultural lands is slowly surging concerns about food security. Hence, governments of various countries are taking initiatives to encourage farmers to adopt unique agricultural practices. Aquiculture is one such intelligent crop production technique that is enabling farmers to grow crops faster than conventional methods. Also, rising R&D activities by companies to enhance productivity is expected to propel the hydroponics market growth in the near future. However, the low compatibility of significant plants, especially turnips, carrots, and onions to grow in such new agricultural settings may hinder growth.
Regional Insights-Rising Production of Lettuce and Strawberries in Australia to Boost Growth in Asia PacificEurope currently holds the largest share and is anticipated to remain at the forefront in the forecast period. The rising adoption of aquiculture across Spain, Netherlands, and France is expected to bolster growth in the region.Asia Pacific, on the other hand, is set to grow rapidly on account of the surging implementation of this agricultural method in Australia, Japan, India, and China. Australia is considered to be the largest producer of lettuce worldwide. It also cultivates strawberries by using this technique. India is set to experience high demand because of the availability of poor soil and lack of land.
Competitive Landscape-Key Players Focus on Introducing Novel Farming Techniques to Bring SustainabilityThe global market is highly fragmented with the presence of multiple companies. Most of them are focusing on R&D activities to come up with state-of-the-art techniques for surging sustainability and saving costs.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/hydroponics-market-102275
List of the Leading Companies Profiled in the Global Hydroponics Market are:Heliospectra ABSignify HoldingsTerra Tech Corp.Argus Control SystemsAmerican HydroponicsScotts Miracle-GroLumiGrowVillage FarmsGreen Sense HoldingsUrban CultivatorOther key market players
Below is one of the latest industry developments:March 2021: The state government of Ahmedabad announced its plan to accelerate hydroponic farming in cities to encourage households to grow vegetables in their homes. The agriculture department staff will provide hands-on training to residents with DIY videos.
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/hydroponics-market-102275 About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.