Market Research Future (Food and Beverages) Hydroponics Market Research Report - Forecast | Page 3

Hydroponics Market Research Report - Forecast to 2022
2 Market Overview
The global population count is set to reach the 9 billion mark by 2050, and the food resources are depleting at a
proportionate rate. With the progressive integration of technology with agricultural practices there have been
significant improvements in conventional farming practices, yield quantities, and associated returns on investments.
However, in the past decade there has been constant degradation of natural resources such as land and water. This
along with several other monetary reasons has led to an alarming need of switching to unconventional farming
techniques, such as hydroponics, which does not depend on soil, fertile land, and water resources for cultivation.
Europe is an established market for hydroponics, whereas North America, primarily the U.S. and APAC, primarily
India hold immense potential to grow significantly during the forecast years.
The European region lead the global hydroponics market in 2014 with an estimated crop value of USD 9.8 billion
and will continue with this dominance growing over USD 13.38 Billion by 2020 at an estimated CAGR of 5.28%
through 2015 to 2020. The Americas will be growing at the highest CAGR of 9.1% from 2015 to 2020. Developing
countries of Middle East and Africa will continue contributing smaller shares to the global hydroponic crop value
through the forecast period.
Intended Audience:
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Greenhouse equipment manufacturers
Large scale vegetable producers
Horticulutural input companies
Retailers
Government organization
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