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Hydroponics Market will reach nearly US$ 12.1 Bn by 2025 | FMI Reports


With the IT industry heavily investing into devising new technologies
to disrupt the customary systems, agriculture has been a broad segment
expecting a revolution. Advancements in agricultural infrastructures
such as vertical farming have received a significant amount of traction
with its virtue to cultivate plants by optimizing the space, especially
in urban areas. Since, the optimum utilization of space limits the soil
and water requisites, hydroponic systems are deemed as a designated
solution underpinning the growth of the crops and vegetables. As a
result, the global hydroponics market is poised to gravitate to the new
highs with an estimated CAGR of 6.5% and market valuation worth US$12.1
Bn by the end of 2025.

With hydroponics, the environmental
settings are completely favourable to the crops, thereby, curtailing any
fertilizer or pesticide requisites. With enhanced efficiency and a
sterile environment, the hydroponics cultivation procedures produce
higher yields with lesser space. This has intensified the adoption rate
of this methodology, which has fortified the growth of the global
hydroponics market.

Proliferation in the Adoption Rate of Hydroponics Procedure, owing to the Rising Health Concerns

Increasing
inclination of consumers towards green food has been witnessed which
encourages the demand for the growth of vegetables. With unpredictable
weather conditions and lack of water, fertilizers, and soil
availability, cultivation of crops was deemed challenging for the
farmers. With the advent of advanced agricultural infrastructures and
procedures, hydroponics is gaining widespread popularity with its
ability to address the need for green vegetables.

Conventional
cultivation methodologies have proved ineffective as the plants are
prone to get infected by pathogens and cause E.coli and Salmonella
poisoning. Surging demand for clean eating has been prevalent among the
consumers, owing to the susceptibility of health threats posed by these
contaminated plants. This has intensified the adoption of advanced
procedures for the production of vegetables such as lettuce, tomatoes,
cucumber, spinach, and peppers among the manufacturers of the
hydroponics market.

Hydroponics make judicious utilization of
water, soil, and fertilizers, which is yet another reason for the
proliferated adoption of the modernistic procedure. A host of these
factors are envisaged to reflect positively on the growth of the global
hydroponics market through the forecast period.

Lettuce to Hold a Significant Share of 32.9% in the Global Hydroponics Market among other Vegetables

The
hydroponics market has been fragmented into spinach, cucumber,
tomatoes, lettuce, and peppers, among others. Surging inclination of
consumers towards green vegetables, on the back of rising health
consciousness is a crucial driver for the growth of the hydroponics
market.

In addition to this, lettuce is preferably consumed by the
urban population. With the rising rate of urbanization, the trends of
lettuce utilization are expected to grow simultaneously, boosting the
growth of hydroponics market by holding a notable share of about 32.9%
through the forecast period as compared to the other segments of the
hydroponics market.

European Hydroponics Market Set to Procure About 40% of the Total Share through 2025

Based
on the geographies, hydroponics market can be segmented into Asia
Pacific, Latin America, the Middle East and Africa, North America, and
Europe. Out of these regions, Europe is anticipated to lead the global
hydroponics market in the forthcoming years, on the back of numerous
growth drivers.

Surging concerns of the environmental degradation
caused by greenhouse effects have realized the value of hydroponic
cultivation procedures and vertical farming in this region. In addition
to this, demand for a variety of vegetables in this region has made it
crucial to adopt hydroponics procedures to achieve higher yields, which
is expected to fortify the growth of the European hydroponics market.

Apart
from Europe, a rapid rise in the rate of urbanization happening in
North America is said to trigger the demand for exotic vegetables,
thereby contributing to the growth of the hydroponics market in this
region

Source Linkhttps://www.globenewswire.com/news-release/2019/02/27/1743414/0/en/Hydroponics-Market-Size-Worth-US-12-1-Billion-by-2025-Future-Market-Insights.html

More from FMI’s Food and Beverages Market Intelligence:

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