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Hydroponic Crop Farming in Australia - Industry Market Research Report

Publisher IBISWorld
Published Sep 28, 2023
Length 40 Pages
SKU # IBSS18263916

Description

Hydroponic Crop Farming in Australia - Industry Market Research Report


Hydroponic Crop Farming in Australia

Revenue for the Hydroponic Crop Farming industry has grown over the past five years. Hydroponic farmers grow crops in controlled conditions with reduced water requirements. This has made these crops better withstand adverse weather that has influenced the agriculture sector over the past five years. Fluctuating rainfall over the period has negatively affected crop supplies of outdoor, soil-based farmers, restricting competition in retail markets in some years. This trend has increased demand for hydroponic produce, lifting industry revenue. Revenue is anticipated to grow at an annualised 2.9% over the five years through 2021-22, to $502.9 million. This includes a rise of 0.1% over 2021-22. Border closures as a result of the COVID-19 pandemic have reduced numbers of foreign seasonal workers, restricting output over the period.

Industry operators mainly grow crops hydroponically, under protective cover or outdoors. Hydroponics is a method of growing plants without soil, using mineral nutrient solutions in water or another medium.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

40 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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