Global Hydroponics Technologies Market 2018-2022
About Hydroponics Technologies
The global hydroponics technologies market consists of technologies used for growing plants without the use of soil. Environment and climate control systems, grow lights, farm management systems, and material handling systems are various types of technologies that have been considered in this report.
Technavio’s analysts forecast the global hydroponics technologies market to grow at a CAGR of 17.89% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydroponics technologies market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydroponics Technologies Market 2018-2022
Technavio recognizes the following companies as the key players in the global hydroponics technologies market: AmHydro, CropKing, Growers Supply, Nutriculture, Oxygen Pot Systems, and SuperCloset.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing in offering of advanced hydroponic growing systems. Several vendors are offering various types of hydroponic growing systems which has the potential for high yields and impact the growth of the market in the forthcoming years.”
According to the report, one driver in the market is need for reduction in soil and water pollution. Soil and water pollution is caused due to the growing use of fertilizers, insecticides, and pesticides while farming to increase the yield. The increasing uptake of chemicals by plants is due to the increasing accumulation of pesticides in the soil which alters the microbial process.
Further, the report states that one challenge in the market is high investment cost of hydroponic technologies. Hydroponic technologies are mainly used in indoor farming or vertical farming. Many types of hydroponic technologies are required to set up full-fledged.
AmHydro, CropKing, Growers Supply, Nutriculture, Oxygen Pot Systems, and SuperCloset.