Hydroponic Growth Medium and Nutrient Market Scope
Increase demand of organic food and rising awareness regarding the hydroponics growth medium and nutrients are the factor that drives the market growth. Hydroponics is a profitable, environmentally friendly, and sustainable agricultural method for growing plants without soil. It is the fastest-growing agricultural sector, gaining momentum and popularity quickly, and has the potential to dominate food production in the future. The most important determinant of crop production and quality is the extent to which plant nutrients are acquired from the nutrient solution, which is largely dependent on the extent to which plant nutrients are acquired from the nutrient solution.
|Unit||Value (USD Million)|
|Key Companies Profiled||Projar Group, ROCKWOOL International, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc, JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm LLC, Re-Nuble, Inc., Malaysia Hydroponics, Hawthorne Gardening, Terra Tech, GrowGeneration, Valoya and HTG Supply|
The Hydroponics growth medium and nutrient market is relatively complex, as it includes both global and regional players. These businesses have gained an advantage by managing their product portfolios, developing new products, and expanding their footprint across multiple countries around the world. To maximise revenue and provide the hydroponics growth medium and nutrient in emerging nations, prominent manufacturers are investing in research and development activities for the development of advanced hydroponics growth and medium nutrient. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Hydroponic Growth Medium and Nutrient market throughout the predicted period.
Projar Group, ROCKWOOL International, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc, JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm LLC, Re-Nuble, Inc., Malaysia Hydroponics, Hawthorne Gardening, Terra Tech, GrowGeneration, Valoya and HTG Supply are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Advanced Nutrients, ACME Hydroponics, GrowGen, GrowGeneration, GroWell Hydroponics & Plant and Hawthorne Gardening.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Hydroponic Growth Medium and Nutrient market by Type and Region with country level break-up.
On the basis of geography, the market of Hydroponic Growth Medium and Nutrient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On July 2021, Natural grocer introduces garden box, its first organic hydroponic farm to supply hyperlocal fresh produce to the community. The company is aim to produce and serve 100% organic produce to the community
Influencing Trend:Technological advancement in the hydroponics growth medium and nutrients propels the market growth and Rise in incidence of higher profit and yield as compared to traditional agriculture practices is the key trend boost the market growth
Market Growth Drivers:Increase demand of organic food drives the market growth and Rising awareness regarding the hydroponics growth plants boost the market growth
Challenges:Using the technique on a small scale, primarily in urban and suburban areas restrict the market growth and The scarcity of suitable technologies in rural communities limiting market growth
Restraints:Lack of highly skilled labour restrict the market growth and High Capital investment in hydroponic farming impedes the market growth
Opportunities:Rising urbanization and increasing population creates lucrative growth opportunities for the market and Government initiative to promote the agriculture activities creates tremendous opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others