Global Hydroponics Market 2021-2026

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    GLOBAL HYDROPONICS MARKET

     

    INTRODUCTION

    Hydroponic systems function by enabling precise control over environmental variables such as temperature and pH balance, as well as increased exposure to nutrients and water. Hydroponics works on a simple premise: give plants precisely what they need and when they need it. Hydroponics uses fertilizer solutions that are specifically suited to the demands of the plant being cultivated. They let you precisely control how much light the plants receive and for how long. The pH level may be measured and changed. Plant development increases in a highly tailored and regulated environment.

     

    infographic: Hydroponics Market, Hydroponics Market Size, Hydroponics Market Trends, Hydroponics Market Forecast, Hydroponics Market Risks, Hydroponics Market Report, Hydroponics Market Share

     

    The growth of plants without the need of soil is known as hydroponics. Hydroponic flowers, herbs, and vegetables are grown in inert growth material while being fed nutrient-rich solutions, oxygen, and water. This method promotes fast growth, higher yields, and higher quality. When a plant is growing in soil, its roots are constantly looking for the nourishment it requires to survive.

     

    When a plant’s root system is immediately exposed to water and nourishment, the plant does not have to use any energy to sustain itself. The energy used by the roots in collecting food and water can be diverted towards the plant’s development. As a result, leaf growth and frost blooming thrive. Many risk factors are reduced by managing the plant’s surroundings. Plants grown in gardens and fields are subjected to a variety of factors that have a detrimental influence on their health and growth. Plant diseases can be propagated by fungus in the soil. Wildlife, such as rabbits, might steal ripening crops from your garden. Pests such as locusts may wreak havoc on crops in an afternoon. The uncertainty of growing plants outside and in the soil is eliminated by hydroponic systems.

     

    GLOBAL HYDROPONICS MARKET DYNAMICS

     

    SI No Timeline Company Developments
    1 October 2021 Geo Greens Geo Greens decided to open a new hydroponic vertical farm and it will be opened in Hamilton.
    2 August 2021 Ipower Ipower Inc is a leading online hydroponic equipment supplier and retailer in the US increased its Warehouse capacity and opened a new facility in California.
    3 May 2021 Heliospectra Heliospectra partnered with Harahara Inc in order to bring Light Automation in the agriculture and PFAL market to the Japanese market.

     

    Plants acquire all of their nourishment from a nutrient solution given to their roots rather than extracting mineral minerals required for development from the earth. Hydroponics may be used to produce anything from a tiny collection of herbs in a kitchen to hundreds of plants in a large-scale commercial enterprise. Hydroponic gardening is very beneficial for people who have limited or no outside area, such as city dwellers, apartment dwellers, or renters who cannot have an outdoor garden.

     

    With health and food safety becoming more important, people all over the world are turning to home cooking and self-made/homemade meals. This has jeopardised the food and lodging industries. Following the catastrophic coronavirus epidemic, the global adoption rate of urban hydroponic farming systems is expected to skyrocket. During the early stages of the pandemic’s spread, the agriculture business encountered problems. There were severe labour shortages on the farm, some farmers lost their window of opportunity for harvesting seasonal crops, agricultural product prices fell, and logistics were disrupted. Many countries also realized their over dependence on imports of food materials and hence began emphasizing on internal and domestic productions.

     

    Europe has long been at the forefront of applying cutting-edge technology in hydroponic smart greenhouse horticulture. Large regions of greenhouse horticulture exist in countries such as the Netherlands, Spain, and France. Growers in the Netherlands, on the other hand, usually nurture their plants in basic tunnel-like greenhouses that do not employ climate control systems. The development of greenhouse farming has aided the expansion of hydroponics throughout Europe. According to national government figures, hydroponics adoption has been seen to be the greatest across all European countries.

     

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL HYDROPONICS MARKET

     

    SI No Timeline Company Trends
    1 January 2022 Ipower Ipower delivered the first order of Hydroponic equipment for the European Market and it includes trimming devices, air filtration, tents and other accessories.
    2 December 2021 Ipower Ipower launched the first nutrient product line “Flourish” line of advanced nutrient products available in Amazon.
    3 November 2021 Oppy Oppy will launch the first-ever speciality berry pack in the Happy berry label which is the hydroponic strawberry and it will be available from mid December.
    4 July 2021 BASF Venture Capital BASF Capital Venture Gmbh (BVC)  decided to invest in Indian hydroponic cultivation startup UrbanKissan in order to cultivate various types of vegetables, greens and herbs in India.

     

    The rising spending capacity of customers has resulted in a rise in demand for exotic fruits and vegetables. Because most exotic items are imported, the cost of these exotic products is considerable; consequently, numerous research organizations and colleges are concentrating on developing more simple hydroponics systems to expedite the production of exotic fruits and vegetables and satisfy the increasing demand.

     

    The Latest Technology has been the complete evolution of the mechanism of operations and foundation of its operational structure to have optimized hydroponics. The Hydrosac is a novel design for a hydroponic growth system developed by Phytoponics. Hydroponics is the cultivation of plants without the need of soil; the essential principle of this approach is that the plant’s roots are kept in touch with an oxygenated, nutrient-rich solution. The concentration of liquid nutrients allows for extremely fast growth rates and resource efficiency.

    Infographic: Global Hydroponics Market, Global Hydroponics Market Size, Global Hydroponics Market Trends,  Global Hydroponics Market Forecast,  Global Hydroponics Market Risks, Global Hydroponics Market Report, Global Hydroponics Market Share

    The Hydrosac is a long, thin container that is linked to a pump and nutritional solution reservoir. The soup fills the lower part of the tube. Integrated flotation chambers lie on the fluid’s surface, surrounded by a healthy, rot-preventing air gap above water. In hydroponic gardening, automation and machine learning are making major breakthroughs. Automation for picking, monitoring, and even pesticide treatments has made significant progress. Crop management in a greenhouse has become increasingly data driven. Instead of scouts following monitoring plans, permanent sensor installations, automated drone passes, or robots with increased picture capturing capabilities are quickly becoming the new means to acquire vital crop information.

     

     

    RECENT PARTNERSHIP

    Through an exclusive relationship with Farmshelf, an indoor hydroponic farm manufacturer, Compass Group wants to expand its hydroponic farm footprint.

     

    As a result of the cooperation, the foodservice management firm will be able to grow more food on-site in each of the segments it serves. Compass estimates that the farms will conserve water, minimise food waste, and eliminate some of the single-use packaging that has historically been used in food transit.

     

    The hydroponic gardens, which are about the size of a bookcase, allow Compass chefs to cultivate over 30 different varieties of leafy greens and herbs, such as kale, arugula, chives, za’tar, and more. Internal cameras in the gardens allow cooks and other members of the foodservice crew to keep an eye on the plants.

     

    Farms2050, in collaboration with AmHydro, a hydroponics firm in the United States, is the first company in India to start a hydroponic farm with modern infrastructure and operations. Farms2050 has developed India’s superior indigenous structural systems in collaboration with some of the world’s leading hydroponics experts, and has quickly established itself as a major hydroponics operator in India. 

     

    It also seeks to supply prospective hydroponic businesses with efficient and world-class hydroponics technology at a low cost, paving the door for a faster adoption of climate-controlled farming and hydroponics. Farms2050 intends to make Karnataka the agriculture technology powerhouse of India in collaboration with American Hydroponics, who contributed internal technologies.

     

     

    COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Updates
    1 Q3-2021 Signify The sales of Signify at the end of the third quarter was €1.64 billion and the net income is about €94 million.
    2 Q3-2021 Heliospectra The net sales of Heliospectra at the end of September was SEK 23,943 thousand and in 2020 the net sales was SEK 27,338 thousand.
    3 Q4-2021 Scotts Miracle-Gro At the end of the fourth quarter the revenue of Scotts Miracle-Gro was $737 million and the overall revenue was $4.92 billion.
    4 January 2022 Hydrobuilder Holdings Hydrobuilder Holdings completed the acquisition of New England Hydroponics and has completed the elevated warehouse relocation.
    5 January 2022 Scotts Miracle-Gro Scott Miracle-Gro has expanded its Hawthorne Gardening portfolio with the acquisition of Luxx Lightning and True Liberty Bags.
    6 August 2021 Scott Miracle-Gro Scott Miracle-Gro acquired Rhizoflora assets in order to boost the Hawthorne Gardening Portfolio.

     

    Hydroponics, or growing plants in a nutrient solution root media, is a developing field of commercial food production that is also utilised by amateurs at home. Learn about cutting-edge ways for growing food in a controlled, soilless environment. Because hydroponic crops develop without soil, the requirement for external fertilisers is quite high for hydroponic-based crops. With the increased use of soilless growing techniques in hydroponics, most crops are grown directly in the nutrient medium with the roots. This increases the need for nutrients in this business.

     

    Signify Holdings is part of the much-required technological advancement in the global scale of hydroponics market. It has made up a platform of operation which was under the operability to be enabled as Interact IoT Platform enables connected LED lighting systems and embedded sensor networks to deliver insights, benefits, and new services to customers. It makes lighting intelligent. Delivering an IoT ecosystem for our partners, customers and developers powered by the world’s largest network of connected LED lighting. It has also brought in Philips Hue, the world’s leading smart home lighting system. It’s grown to become an ecosystem of products that work seamlessly with all major smart home platforms and more than 750 apps.

     

    Argus Control System is also part of the much higher range of development towards monitoring and better optimisation capacities. The System was designed such that a complete  command  of  the  facility through integration of Intelligent  automation  of  your  equipment and  comprehensive  monitoring  of  current  conditions  enables  you  to  simply  ‘dial-in’  your  desired  production parameters.  The  system  works  continuously  to  automatically  maintain  your  critical  setpoints  and  targets ensuring that both your aquaculture and greenhouse production subsystems are run optimally. These systems also feature  the  power  and  flexibility  needed  for  accomplishing  a  broad range  of  precision  control  and  monitoring  tasks.

     

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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