Global Hydroponic Growth Medium and Nutrient Market 2017-2021

Overview of the global hydroponic growth medium and nutrients market

Research analysis on the global hydroponic growth medium and nutrients market identifies that the adverse climatic conditions for traditional farming will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 13% by 2021. The US and other developing nations face the major changes including the changing climate and weather, mass drought, and minimal green space in urban areas. This led to the introduction of hydroponic food production systems which can recycle water and nutrients, which reduces the dependence on resources needed to grow vegetables and fruits. It offers better productivity and higher yield and hydroponics is likely become a vital food source for over-populated urban regions. This will drive the growth of the hydroponics market in turn, increasing the demand for hydroponic growth medium and nutrients during the forecast period.

In terms of geographic regions, EMEA will be the major revenue generator of the hydroponic growth medium and nutrient market throughout the forecast period. Higher productivity, the presence of unfavorable climate, and the absence of farmable lands, will drive the growth of the market in this region.

Competitive landscape and key vendors  

The hydroponic growth medium and nutrients market consists of both major vendors and private players. The market will get more competitive during the forecast period with numerous product launches, price wars, and M&A activities. Manufacturers of advanced nutrients expand their business by coming up with a wide range of products, streamlining online shopping experience, and making the existing stores better.

The leading vendors in the market are –

• Advanced Nutrients
• Bertels B.V
• General Hydroponics
• HydroGarden Wholesale Supplies

The other prominent vendors in the market are Atami B.V, Biobizz, Botanicare, CANNA, FoxFarm Soil & Fertilizer Company, Grow Technology, and Plant Magic Plus.

Segmentation by distribution channel and analysis of the hydroponic growth medium and nutrient market

• Offline stores
• Online stores

During 2016, the offline stores segment accounted for the major shares of the hydroponic growth medium and nutrient market. Factors such as the wide range of products offered by the retailers, hypermarkets, supermarkets, and departmental stores and the increased preference to shop at the offline stores, will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the hydroponic growth medium and nutrient market

• Commercial
• Residential

As per this market research report, the commercial end-user segment will account for the maximum share of the hydroponic growth medium and nutrient market until 2021. The increased use of hydroponics by commercial users in greenhouses and nurseries to grow vegetables and fruits and the high adoption of soil-less farming technique, will drive the growth of market in this segment.

  Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hydroponic growth medium and nutrient market?
• What are the key market trends impacting the growth of the global hydroponic growth medium and nutrient market?
• What are the challenges to market growth?
• Who are the key vendors in the global hydroponic growth medium and nutrient market?
• What are the market opportunities and threats faced by the vendors in the global hydroponic growth medium and nutrient market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global hydroponic growth medium and nutrient market?

Technavio also offers customization on reports based on specific client requirement.

As per our market research experts, the global hydroponic growth medium and nutrients market is expected to be positively affected by the exponentially increasing demand for fresh fruits and vegetables. To offer clients the advantage to gain insights into niche markets and dominate in related markets, this research on the hydroponic growth medium, and nutrients market also offers a detailed analysis of niche markets present in several regions like APAC, Europe, North America, and ROW. To help clients understand the market, this report on the hydroponic growth medium and nutrients market also covers vendors like Advanced Nutrients, General Hydroponics, and Bertels B.V.

This upcoming research report on the hydroponic growth medium and nutrients market offers insights into the significant trends and drivers influencing the growth of the consumer and retail industry. Our reports for the consumer and retail industry also follow a data collection method that enables our industry analysts to extensively analyze of fast growing market segments like general retail goods and services.   

Few of the major approaches for the collection of quantitative data are detailed vendor briefings, consultation of industry journals, online surveys, and publications. Also, by considering the surging demand for various segments of the sector, and the market forecast and size, the market research professionals at Technavio present an overview of the hydroponic growth medium and nutrients market from 2017 to 2021.

The upcoming industry research report also categorizes the drivers, trends, along with the challenges that the general retail goods and services sector currently experiences. This report presents insights into the rapidly changing competitive scenario to give clients a detailed outlook of the events within the consumer and retail industry. Technavio also offers detailed market assessment into the sectors such as apparel and textile and retail system.  

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.