According the report, Development of Innovative Hydroponic Technologies is one of the primary growth factors for the market. Growing Demand for Food Production Coupled with Population
is also expected to contribute significantly to the Hydroponics market. Overall, applications of Hydroponics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Hydroponics market identified that the demand is rising in many different parts of the world as "Increasing Application of Hydroponic Systems in Restaurants and Grocery Stores
". Furthermore, some recent industry insights like "On 10th Jan 2020, Hydrofarm Holdings Group, Inc., a leading independent wholesaler and manufacturer of hydroponics equipment and commercial horticultural products, announced a strategic partnership with Argus Control Systems Ltd. to provide advanced environmental systems and services for horticultural production in the United States and Canada." is constantly making the industry dynamic. One of the challenges that industry facing is "Setting up a hydroponic system can require a significant initial investment"
The Input, such as Nutrients {NPK, Trace Minerals, Others}, is boosting the Hydroponics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Equipment, such as HVAC, is boosting the Hydroponics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Crop Type, such as Vegetables, is boosting the Hydroponics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End Use, such as Farms, is boosting the Hydroponics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Hydroponics market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hydroponics market and other related sub-markets covered in the study.
o Key & emerging players in the Hydroponics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hydroponics market size is calculated using market estimation process, the Hydroponics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hydroponics market size has been validated using both top-down and bottom-up approaches.