Europe Dominates the Global Hydroponics Market
Mordor Intelligence announces the publication of their research report on Global Hydroponics Market. The report titled, "Global Hydroponics Market - By Type, Crop Type and Geography Market Shares, Forecasts and Trends (2017 - 2022)," discusses the current
(EMAILWIRE.COM, September 21, 2017 ) The global hydroponics market is estimated to register a CAGR of 6.7% during the 2017-2022 forecast period, and the market is anticipated to be valued USD 31436.7 million by 2022. A sub-segment of hydro-culture, hydroponics is a method of growing plants using mineral nutrient solutions in water, without soil.
Europe is traditionally the largest market implementing advanced techniques in hydroponic smart greenhouse horticulture. The matured European market demand is led by countries, such as, the Netherlands, Spain, and France. Asia-Pacific forms the second largest market for hydroponics, which is expected to grow at a steady pace during the forecast period. North America, led by the United States and Canada, is expected to grow at a better pace during 2017-2022.
The hydroponics market is segmented based on:
• Type
o Aggregate Hydroponic System
o Liquid Hydroponic Systems
• Crop Type
o Tomato
o Lettuce & Leafy Vegetables
o Pepper
o Cucumber
o Others
• Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Rest of the World
Browse TOC of This Report.
Being a niche market, hydroponics has increased the interest in developing new crop varieties that will have the potential to become tomorrow’s supermarket staples, such as, seedless high yielding cucumber variety, which was developed in Israel, and the Galia muskmelon, which is considered to be Europe’s best selling melon variety.
Along with market expansion, manufacturers of hydroponic equipment are focusing on the development of new efficient systems. Lawn-and-garden giant, Scotts Miracle-Gro, spent USD 136 million for Gavita, a Dutch grow lighting and hardware company. Through its subsidiary, Hawthorne Gardening Co., Scott has invested in companies, such as, Boulder’s AeroGrow, an indoor gardening company, and acquired California’s General Hydroponics Inc. for USD 130 million. The company also spent USD 77.1 million to acquire Botanicare.
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The global hydroponics market includes competitive analysis of major companies, such as, Greentech Agro LLC (U.S.), Argus Control Systems (Canada), Logiqs B.V. (The Netherlands), Koninklijke Philips NV (The Netherlands), General Hydroponics, Inc. Greentech Agro, and LLC, Lumigrow, Inc. (U.S.), to name a few.
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. Having understood this, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.
For information regarding permissions and sales, please contact: info@mordorintelligence.com
Europe is traditionally the largest market implementing advanced techniques in hydroponic smart greenhouse horticulture. The matured European market demand is led by countries, such as, the Netherlands, Spain, and France. Asia-Pacific forms the second largest market for hydroponics, which is expected to grow at a steady pace during the forecast period. North America, led by the United States and Canada, is expected to grow at a better pace during 2017-2022.
The hydroponics market is segmented based on:
• Type
o Aggregate Hydroponic System
o Liquid Hydroponic Systems
• Crop Type
o Tomato
o Lettuce & Leafy Vegetables
o Pepper
o Cucumber
o Others
• Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Rest of the World
Browse TOC of This Report.
Being a niche market, hydroponics has increased the interest in developing new crop varieties that will have the potential to become tomorrow’s supermarket staples, such as, seedless high yielding cucumber variety, which was developed in Israel, and the Galia muskmelon, which is considered to be Europe’s best selling melon variety.
Along with market expansion, manufacturers of hydroponic equipment are focusing on the development of new efficient systems. Lawn-and-garden giant, Scotts Miracle-Gro, spent USD 136 million for Gavita, a Dutch grow lighting and hardware company. Through its subsidiary, Hawthorne Gardening Co., Scott has invested in companies, such as, Boulder’s AeroGrow, an indoor gardening company, and acquired California’s General Hydroponics Inc. for USD 130 million. The company also spent USD 77.1 million to acquire Botanicare.
Request Sample Here
The global hydroponics market includes competitive analysis of major companies, such as, Greentech Agro LLC (U.S.), Argus Control Systems (Canada), Logiqs B.V. (The Netherlands), Koninklijke Philips NV (The Netherlands), General Hydroponics, Inc. Greentech Agro, and LLC, Lumigrow, Inc. (U.S.), to name a few.
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. Having understood this, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.
For information regarding permissions and sales, please contact: info@mordorintelligence.com
Contact Information:
Mordor Intelligence
Sakshi Seth
Tel: 7860584254
Email us
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Mordor Intelligence
Sakshi Seth
Tel: 7860584254
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results