Global Hydroponics Market is expected to reach USD 27.29 Billion by 2022 with a CAGR of 6.39%
Global Hydroponics Market Information- by crop (tomato, lettuce, cucumber, pepper and others), and by Region Forecast to 2022
Pune, India – August 24, 2017 /MarketersMedia/ —
The global hydroponics crop value is anticipated to grow to USD 27.29 Billion by 2022 at an estimated CAGR of 6.39% from 2015 to 2020. Improved yields, higher return on investment, and protected environment among others, attracting a larger share of producers as well as investors has been driving the hydroponics market.
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The worldwide populace number is set to achieve the 9 billion stamp by 2050, and the sustenance assets are exhausting at a proportionate rate. With the dynamic reconciliation of innovation with agrarian practices there have been huge enhancements in ordinary cultivating hones, yield amounts, and related profits for speculations. Be that as it may, in the previous decade there has been steady debasement of characteristic assets, for example, land and water. This alongside a few other money related reasons has prompted a disturbing need of changing to offbeat cultivating strategies, for example, hydroponics, which does not rely on upon soil, ripe land, and water assets for development.
Europe is a built up advertise for hydroponics, though North America, basically the U.S. what’s more, APAC, basically India hold colossal potential to develop essentially amid the gauge years.
The European region lead the global hydroponics market in 2014 with an estimated crop value of USD 9.8 billion and will continue with this dominance growing over USD 13.38 Billion by 2020 at an estimated CAGR of 5.28% through 2015 to 2020. The Americas will be growing at the highest CAGR of 9.1% from 2015 to 2020. Developing countries of Middle East and Africa will continue contributing smaller shares to the global hydroponic crop value through the forecast period.
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Study Objectives of Hydroponics Forecast to 2022
• To provide driving factors for the global Hydroponics market through 2015 to 2022
• To provide the major factors need to be addressed for wide scale adoption of hydroponics through the forecast years
• To understand the supply and demand dynamics
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• Analysis of historical market trends, and technologies, and current government regulatory requirements
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
Target Audience
• Greenhouse equipment manufacturers
• Large scale vegetable producers
• Horticulutural input companies
• Retailers
• Government organization
Key Players
• Village Farms International
• Thanet Farms
• Pegasus Agritech
• James Foskett Farms
• Terra Tech
• Growlife
• American Hydroponics
• General Hydroponics
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Key Findings
• The soil-less farming technique (hydroponics) is poised to grow over USD 27.29 Billion by 2022 at an estimated CAGR of 6.39% from 2015 to 2022
• Hydroponic crop value in Europe will be lower than the global average at a steady 5.28% CAGR, growing from USD 9.8 Billion in 2014 to USD 13.38 Billion in 2022
• Developing countries of Middle East and Africa will continue contributing smaller shares to the global hydroponic crop value through the forecast period
• Tomatoes are the largest contributor to the global hydroponic crop value and will continue with this dominance during the forecast period
Country Analysis of Global Hydroponics Market Forecast to 2022 Market
As per the MRFR analysis, the global market for hydroponics has witnessed continued demand during the last few years and is projected to reach USD 27.29 Billion by 2022, at a CAGR of 6.39% during the forecasted period.
The reports also cover country level analysis:
• North America
• Europe
• APAC
• Rest of the World
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 REPORT DESCRIPTION
3 INTRODUCTION TO HYDROPONICS
4 GLOBAL HYDROPONICS MARKET SNAPSHOT
5 HYDROPONICS INDUSTRY ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.1.1 THREAT FROM NEW ENTRANTS
5.1.2 THREAT FROM SUBSTITUTES
5.1.3 BARGAINING POWER OF SUPPLIERS
5.1.4 BARGAINING POWER OF BUYERS
5.1.5 INTENSITY OF COMPETITIVE RIVALRY
6 HYDROPONICS MARKET DYNAMICS
6.1 GLOBAL HYDROPONIC MARKET DRIVERS
6.1.1 GROWING EMPHASIS ON FOOD SECURITY, ESPECIALLY IN DEVELOPING REGIONS
6.1.2 THE FEATURE OF CUSTOMIZED FARMING
6.1.3 THE SAFEST WAY TO ENSURE HIGH RETURN ON INVESTMENTS (ROI)
6.1.4 INCREASING USE OF MEDICINAL PLANTS (AND LEGALIZATION OF MEDICAL MARIJUANA)
6.1.5 HYDROPONICS SYSTEMS ARE LIKE FOOD FACTORIES WITH APPRECIABLE CONSISTENCY IN QUANTITY AND QUALITY
6.1.6 BUYER’S PROPENSITY TOWARDS SALAD CROPS AND EXOTIC VEGETABLES
6.1.7 PROFITABLE FARMING WITHOUT “ASSOCIATED” ENVIRONMENTAL DEGRADATIONS OF SOIL, WATER, ETC.
6.1.7.1 Water conservation
6.1.7.2 Pesticide and herbicide reduction
6.2 GLOBAL HYDROPONIC MARKET CHALLENGES
6.2.1 HIGH START-UP COST WHEN COMPARED WITH TRADITIONAL FARMING
6.2.2 SOIL-LESS FARMING TECHNIQUES SURROUNDED BY BELIEFS OF UNCERTAINTIES AND AMBIGUITY
6.2.3 REQUIREMENT OF TRAINED AND SKILLED FARMERS UNLIKE IN TRADITIONAL FARMING TECHNIQUE
6.2.4 LACK OF INDUSTRY STANDARDS
6.2.5 ABSENCE OF PRIVATE AND PUBLIC INVESTMENTS AND FUNDING
7 ANALYSIS OF KEY CROPS IN THE GLOBAL HYDROPONICS MARKET
7.1 INTRODUCTION
7.2 TOMATOES
7.3 CUCUMBER
7.4 PEPPERS
7.5 LETTUCE
7.6 OTHER CROPS
8 GEOGRAPHICAL ANALYSIS FOR GLOBAL HYDROPONICS MARKET
8.1 INTRODUCTION
8.2 EUROPE
8.3 AMERICAS
8.4 APAC
8.5 MEA
9 INDIAN HYDROPONICS MARKET STATISTICS AND DYNAMICS
9.1 INDIAN HYDROPONICS MARKET STATISTICS
9.2 INDIAN HYDROPONICS MARKET DRIVERS
9.2.1 EVOLVING POPULATION OF MIDDLE CLASS WITH INCREASING DISPOSABLE INCOME
9.2.2 EASE OF ACCESS TO TECHNOLOGY
9.2.3 LOW COST OF LABOUR
9.2.4 INCREASING BUYER’S PROPENSITY TOWARDS SALAD CROPS AND EXOTIC VEGETABLES
9.2.5 RICH AND DIVERSE CLIMATIC CONDITIONS
9.3 INDIAN HYDROPONIC MARKET CHALLENGES
9.3.1 EXTREMELY PRICE SENSITIVE MARKET
9.3.2 FARMERS ARE POTENTIAL ENTRANTS, BUT ARE HESITANT TO ENTER BECAUSE OF HIGH START UP COST
9.3.3 ENERGY REQUIREMENT IN HYDROPONICS CONFLICTS WITH THE ENERGY AVAILABILITY IN THE COUNTRY (ESPECIALLY IN RURAL AREAS)
9.3.4 UNORGANIZED SUPPLY CHAIN AND POOR INFRASTRUCTURAL FACILITIES 105
9.3.5 END PRODUCTS BY TRADITIONAL FARMING AND THAT BY HYDROPONICS ARE TREATED AS EQUAL
9.3.6 IGNORANCE AND LACK OF AWARENESS ON THE PART OF PRODUCERS AND END-USERS
10 ANALYSING THE INDIAN HYDROPONICS MARKET
10.1 SWOT ANALYSIS FOR HYDROPONICS IN INDIA
10.1.1 STRENGTHS
10.1.2 WEAKNESS
10.1.3 OPPORTUNITIES
10.1.4 THREATS
10.2 INDIAN MARKET OPPORTUNITY EVALUATION
10.2.1 COMPETITIVE ACTIVITY
10.2.2 LETTUCE
10.2.2.1 Defining competitors
10.2.2.2 Price Advantages/Financial Muscle
10.2.2.3 Market Position/Strategic Plan
10.2.3 CHERRY TOMATOES
10.2.3.1 Defining competitors
10.2.3.2 Price Advantages/Financial Muscle
10.2.3.3 Market Position/Strategic Plans
10.2.4 BUYER’S REQUIREMENT
10.2.4.1 Product Attributes
10.2.4.1.1 Freshness/ Shelf Life
10.2.4.1.2 Appearance (Shape, Color, etc)
10.2.4.1.3 Taste
10.2.4.1.4 Price
10.2.4.2 Branding/Labeling
10.2.4.2.1 Product Quality
10.2.4.2.2 Choice
10.2.4.3 Packaging
10.2.5 PEST ANALYSIS
10.2.5.1 Political Forces
10.2.5.2 Economic Forces
10.2.5.3 Social Forces
10.2.5.4 Technological Forces
11 HYDROPONICS COMPETITIVE LANDSCAPE
11.1 DEFINING COMPETITORS
11.2 GLOBAL
11.3 INDIAN
12 KEY HYDROPONIC PRODUCERS PROFILE
12.1 VILLAGE FARMS INTERNATIONAL
12.1.1 COMPANY OVERVIEW
12.1.2 PRODUCT PORTFOLIO
12.1.2.1 Financials
12.1.2.2 Key Developments
12.1.3 THANET FARMS
12.1.3.1 Company Overview
12.1.3.2 Product Portfolio
12.1.3.3 Key Developments
12.1.4 PEGASUS AGRITECH
12.1.4.1 Company Overview
12.1.4.2 Product Portfolio
12.1.4.3 Key Developments
12.1.5 JAMES FOSKETT FARMS
12.1.5.1 Company Overview
12.1.5.2 Product Portfolio
12.1.5.3 Key Developments
12.2 KEY HYDROPONIC EQUIPMENT MANUFACTURER/SUPPLIER PROFILE
12.2.1 TERRA TECH
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Financials
12.2.1.4 Key Developments
12.2.2 GROWLIFE
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Financials
12.2.2.4 Key Developments
12.2.3 AMERICAN HYDROPONICS
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Key Developments
12.2.4 GENERAL HYDROPONICS
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
13 HYDROPONICS: THE WAY FORWARD
14 APPENDIX
14.1 INDIAN LETTUCE PRODUCERS/SUPPLIERS
14.2 INDIAN CHERRY TOMATO PRODUCERS/SUPPLIERS
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Email: Akash.Anand@Marketresearchfuture.Com
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