Demand for Hydroponics to Experience a Significant Dip in 2020, Influenced by COVID-19 Pandemic

Latest report on global Hydroponics Market by FMI

The market study suggests that the global market size of Hydroponics is projected to reach ~US$ 4,460 Mn by the end of 2029 with a CAGR of 14% over the stipulated timeframe 2019-2029.

The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the Hydroponics Market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.

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The Hydroponics Market research demonstrates the current and future market share of each region along with the important countries in respective region. Key regions include:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa

Segmentation Analysis on the basis of:

By Crop Type

  • Vegetables
    • Kohlrabi
    • Radish
    • Cucumber
    • Tomatoes
    • Peppers
    • Others
  • Herbs & Greens
    • Arugula
    • Lettuce
    • Cilantro
    • Basil
    • Mint
    • Parsley
    • Spinach
    • Others
  • Fruits
    • Strawberry
    • Blueberry
    • Watermelons
    • Grapes
    • Cantaloupe
    • Others
  • Flowers

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By Distribution Channel

  • B2B
  • B2C
    • Modern Trade
    • Grocery Stores
    • Specialty Stores
    • Bulk Suppliers & Distributors
    • Online retailers

Market Players

  • Heliospectra AB,
  • LumiGrow Inc.,
  • Green Sense Farms Holdings, Inc.,
  • Koninklijke Philips NV,
  • Scotts Miracle-Gro Co.,
  • Argus Control Systems Ltd.,
  • Emirates Hydroponics Farms,
  • Platinum Produce Co.,
  • Hollandia Produce, L.P.,
  • Eden Farms,
  • AMCO Produce Inc.
  • Others

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What does the Hydroponics Market research holds for the readers?

  • One by one company profile of key vendors.
  • Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Hydroponics Market.
  • Evaluation of supply-demand ratio in every end use industry.
  • Regional analysis on the basis of market share, growth outlook, and key countries.
  • Positive and negative aspects associated with the consumption of Hydroponics.

The Hydroponics Market research clears away the following queries:

  1. What is the present and future outlook of the global Hydroponics Market on the basis of region?
  2. What tactics are the Hydroponics Market vendors implementing to give tough competition to their business counterparts?
  3. What are the macro- and microeconomic factors affecting the global Hydroponics Market?
  4. Which end use segment is spectated to lead by the end of 2029?
  5. Why region has the highest consumption of Hydroponics?

Explore Future Market Insights’ detailed coverage on, COVID-19 IMPACT ASSESSMENT TRACKER

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