The global hydroponics market has been estimated to be competitive in nature. It is expected to experience intense competition over the next few years, notes a new market research study by Transparency Market Research. The report forecasts that the increasing number of market players and emergence of cutthroat competition are expected to improve the growth of global hydroponics market in the next few years to come.
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Some of the noted players that are operating in the global hydroponics market are Bright Farms Inc., Village Farms International, Inc., Thanet Earth Ltd., AMCO Produce Inc., and Soave Enterprises LLC. These companies are underscoring the need for innovation and product development thereby generating favorable growth opportunities for global hydroponics market in the forthcoming years. Besides, rising numbers of acquisitions and mergers are further expected to fuel growth of global hydroponics market over the forecast timeframe.
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In accordance with the report by Transparency Market Research, the global hydroponics market will clock 6.5% CAGR from 2017 to 2025. The global hydroponics market is estimated to be valued at US$12.1 bn by the end of 2025.
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The information shared in this review is based on a TMR report titled, “Hydroponics Market (Vegetable - Cucumber, Lettuce, Spinach, Peppers, and Tomatoes; Distribution Channel - Modern Trade (Hypermarket and Supermarket), Grocery Stores, Unorganized Small Stores, Whole Food and Specialty Stores, and Bulk Suppliers and Distributors; Origin - Natural and Organic and Conventional; Farming - Indoor Farming and Outdoor Farming) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
The global hydroponics market is segmented based on:
- Modern Trade
- Grocery Stores
- Unorganized Small Stores
- Whole Food and Specialty Stores
- Bulk Suppliers and Distributors
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