In order to grow plants without utilizing soil, hydroponics uses mineral fertilizer solutions
Increasing Demand for Exotic Vegetables & Fruits
Due to customers' greater spending capacity, there has been continual growth in the demand for exotic fruits and vegetables. Due to the high cost of these exotic products and the fact that the majority of them are imported, several research institutions and universities in United States are concentrating on setting up more straightforward hydroponics systems in order to increase the production of exotic fruits and vegetables and satisfy the rising demand.
Along with this, the demand for vegetables and crops grown hydroponically has been rising from a variety of industries, including hotels, fast food chains, restaurants, railway catering, non-governmental organizations, and the military, which encourages farmers to use hydroponics systems to grow their crops.
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Growing Demand for HVAC Equipment
Aggregate Systems will be the Key Type
Due to their simplicity of setup, aggregate systems are becoming more and more popular among indoor growers. Additionally, the growing usage of inert soil media, such as peat, coco coir, and sawdust, among others, to provide plants with the support they need is anticipated to boost market expansion in the forecast period.
Recent Developments
- In January 2023, Green Life Farms expands sales to 280 additional Publix
Locations.
- Cropking introduced 2 and 3-stage NFT growing systems in August
2022.
- In January 2022, ScottsMiracle-Gro purchased Luxx Lighting which
enhanced The Hawthorne Gardening Company’s industry-lighting portfolio.
- In July 2021, Hydrofarm completed the acquisition of Aurora
Innovations and its organic nutrients and grow media operations.
Market Segmentation
United States Hydroponics Market
Company Profiles
AmHydro, Fork Farms, Cropking Incorporated, Hydrofarm LLC, GrowGeneration Corp., VH Hydroponics, Moonflower Farms, ZipGrow LLC, Green Life Farms LLC, and HomesteadHydroFarm are some of the key players in the United States Hydroponics Market.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018 – 2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
Report coverage
|
Revenue forecast,
company share, competitive landscape, growth factors, and trends
|
Segments covered
|
Type
Equipment
Input
Farming Method
Crop Area
Crop Type
|
Regional scope
|
Northeast,
Midwest, West, South
|
Key companies profiled
|
AmHydro, Fork
Farms, Cropking Incorporated, Hydrofarm LLC, GrowGeneration Corp., VH
Hydroponics, Moonflower Farms, ZipGrow LLC, Green Life Farms LLC, and
HomesteadHydroFarm
|
Customization scope
|
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
|
Pricing and purchase
options
|
Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
|
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
|