Enjoy complimentary customisation on priority with our Enterprise License!
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.
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 –
The other prominent vendors in the market are Atami B.V, Biobizz, Botanicare, CANNA, FoxFarm Soil & Fertilizer Company, Grow Technology, and Plant Magic Plus.
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.
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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by distribution channel
PART 07: Market segmentation by end-user
PART 08: Market segmentation by product
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.