About Us Why is hydroponics necessary?

Many parts of the world are facing a scarcity of fresh water. In the world, around 70% of fresh water is used in agriculture part (OECD, 2023). Population growth is increasing the demand for food across the world. According to the Food and Agriculture Organization of the United Nations, the world population is expected to reach up to 9.1 billion by 2050, for which food production is expected to increase from between 25% to 70%. The increase in food demand increases freshwater withdrawals. So it is necessary to develop alternative farming technologies that give high yields in less time.

The most important program to conserve freshwater resources

Hydroponics requires up to 75 percent less space than conventional farming methods and approximately 80 to 99 percent less water (World Bank, 2021)

How do hydroponic systems work

Hydroponic farming is a method of growing plants without soil, where the soil is replaced by a nutrient solution and roots are inserted in the nutrient solution. Chemical composition is continuously monitored to ensure plant growth.)

The importance of hydroponic systems in agriculture

The hydroponically grown plants produce a higher yield than similar plants grown in soil because of proper control over the nutrients. Advancements in control systems and sensing technologies are expected to promise well for market growth soon.

Advanced Manufacturing

⦁ Clean, sustainable manufacturing
⦁ Smart Manufacturing Hydroponics farming managers offer consumers various ways to monitor and manage their crops with numerous sensors, web platforms, software, and mobile applications

Owing to such technological advancements in hydroponics, the market is expected to grow at a significant rate from 2021 to 2028
The liquid systems segment is estimated to expand at the fastest CAGR from 2021 to 2028, owing to the increasing use of closed system cultivation among growers (grandviewresearch, 2023). Deepwater systems and Nutrient Film Technique (NFT) systems are being increasingly used to cultivate lettuce and other leafy vegetables. Liquid systems eliminate the use of a solid medium, and the roots are directly submerged in the nutrient solution, therefore, making the plant’s growth easier. Furthermore, as the nutrients are directly provided to the roots of a plant, liquid systems increase the growth, consequently giving maximum yields. While the risk of dispersal of pathogens increases by recirculating nutrient solutions in closed systems. Thus, to avoid this, liquid systems require frequent maintenance for monitoring and changing nutrient solutions (grandviewresearch, 2023).

Global Hydroponics Market, Segmentation by Equipment

The Global Hydroponics Market has been segmented by Equipment into Hvac, Led Grow Light, Control Systems, Irrigation Systems, Material Handling, and Others. The complete Global Hydroponics Market segmentation by Equipment can be seen below

Between different equipment, control systems will have the most growth until 2029.

Global Hydroponics Market, Segmentation by Input

The Global Hydroponics Market has been segmented by Input into Nutrients and Grow Media. The complete Global Hydroponics Market segmentation by Input can be seen below:
Higher yield as compared to conventional agriculture practices and controlled environment farming that helps eliminate the effect of external factors on crop growth are accounted as two important factors for the growth of the global hydroponic market. While the growth of the Global Hydroponics Market is currently delayed by; high capital investment for large-scale farms and a lack of government policy and tax breaks in developing countries.

Future Perspective

The global Hydroponics Market has good growth potential in the future due to the new market opportunities that are being created. The opportunities in this market include; the development of innovative hydroponic technologies, the entrance of new players in the market, the application of hydroponics systems in restaurants and grocery stores, significant growth in organic food demand, and increased demand for cannabis (legal permission) projected to fuel the demand for hydroponics in some countries.

Tomato Tomatoes are the largest hydroponically grown crop across the globe. Tomatoes have the faster cultivation rate as it requires very less amount of water compared to regular farmed tomatoes. Europe and Asia Pacific regions are estimated to cultivate the most substantial amount of tomatoes through the hydroponic method by 2028.

Lettuce Leafy vegetables, such as lettuce are increasingly gaining popularity among hydroponic growers. The hydroponic cultivation of lettuce is rising in North America on account of its rising demand from households and fast-food chains across the region. The global market size for lettuce is estimated to register the fastest CAGR of more than 23% over the forecast period