Hydroponics market is expected to grow at a considerable rate during the forecast period 2019-2025. Hydroponics is a technique of growing plants without the presence of soil and only in the availability of water and light. The micronutrients and macronutrients are dissolved in the water supplied to the plants, through which the plants absorb nutrients required for their development. Through this process, the plants get everything they need throughout the cultivation process, which in turn, provides a faster growth to the plants.

The increasing popularity of vertical cultivation due to lack of availability of arable land with increasing industrialization and urbanization across the globe is one of the major factors driving the growth of the market. The increasing exponential population has further increased the production of crops from the hydroponic technique as it offers faster development and growth of plants. Moreover, the key players are incessantly developing equipment and efficient nutrients that would cater to plant growth.

The global hydroponics market is further analyzed on the basis geographical regions, including North America, Europe, Asia-Pacific and Rest of the World. Europe held a significant position in the global hydroponics market in 2018. Europe largely dwells itself in the practice of smart greenhouse horticulture. Moreover, the Netherlands is one of the largest adopters of the hydroponic technique for crop production. Asia-Pacific is projected to exhibit a considerable growth rate in the global hydroponics market during the forecast period. Agriculture is the most important and economy-driving sector of India, owing to which, the adoption of the hydroponic technique is anticipated to take place in the near future.

The key players operating in the global hydroponics market include Advanced Nutrients Ltd., American Hydroponics, Botanicare, EZ-Gro Inc., General Hydroponics, Hydrodynamics International, Inc., and Perfect Grower, Inc., among others. The companies are focused on developing efficient nutrients in hydroponics market to stay competitive in the global market. Geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovate in their core competency in order to expand individual market share are some of the key strategies adopted by major market players. For instance, in February 2019, GrowGeneration Corp., the hydroponic equipment supplier, has acquired the assets of Palm Springs Hydroponics, a California-based supplier of hydroponic equipment. The company would open its 22^nd store in California, through which the company is expected to generate over $5 million in the sales of hydroponics equipment.

Research Methodology:

The market study of the global hydroponics market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic Public Databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog.

The report is intended for hydroponics producers and suppliers, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Hydroponics Market Research and Analysis by System
2. Global Hydroponics Market Research and Analysis by Equipment

The Report Covers:

• Comprehensive research methodology of the global hydroponics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global hydroponics market.
• Insights about market determinants which are stimulating the global hydroponics market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.