The Europe Hydroponics Market would witness market growth of 18.8% CAGR during the forecast period (2021-2027).
The increased popularity of controlled environment agriculture and technical advancements in hydroponics systems are the primary drivers driving the global hydroponics industry forward. When compared to conventional agricultural approaches, hydroponic farming produces a better output. Because of the advantages of hydroponic farming in ensuring food security, it is advocated by governments and non-governmental groups all over the world. As the world's population grows, so does the need for food. There has been a rise in governmental and private investment for hydroponic system technology improvement and development. All of these variables are important in propelling the global hydroponics industry forward.
This rapid expansion might be linked to the growing popularity of hydroponic systems for indoor food gardening. In addition, due to the legalization of marijuana in countries such as the Czech Republic, Canada, South Africa, and others, the use of alternative agricultural methods for cannabis growing is fast increasing. Consumer knowledge of the health impacts of pesticides and artificial ripening agents is projected to promote demand for hydroponics, because the approach removes the requirements for such goods, resulting in nutritionally better produce.
Europe has always been at the forefront of developing superior hydroponic smart greenhouse horticulture systems. The Europe Hydroponics Market is being driven by the growth of greenhouse farming. Hydroponics technology produces a larger output than traditional agriculture approaches because of the increased harvest cycles. Large amounts of greenhouse horticulture may be found in countries like the Netherlands, Spain, and France. Growers in the Netherlands, on the other hand, generally produce their plants in basic tunnel-like greenhouses with no climate control technology. Hydroponics has grown in popularity in Europe thanks to advances in greenhouse farming. Hydroponics adoption has been shown to be the greatest across all European countries, according to national government figures. As a result, the market in the region is well-developed.
The expanding use of hydroponic systems in indoor farming is opening up new commercial prospects in Europe. The method of growing plants without soil is known as hydroponics. It has a number of benefits, including higher yields, faster growth, and 90 percent less water consumption than traditional approaches.
The Germany market dominated the Europe Hydroponics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $972.4 million by 2027. The UK market is anticipated to grow at a CAGR of 17.6% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 19.7% during (2021 - 2027).
Based on Type, the market is segmented into Aggregate Systems and Liquid Systems. Based on Crops, the market is segmented into Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Netherlands, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hydroponics Market Size will Hit $13.4 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Argus Control Systems Limited, The Scotts Miracle-Gro Company, American Hydroponics, LumiGrow, Inc., Emerald Harvest, Hydroponic Systems International, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Signify N.V., and Heliospectra AB.
By Type
By Crops
By Country
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