Higher yield as compared to traditional agricultural methods is expected to drive the growth of the Europe hydroponics market through 2024
According to TechSci Research report, “Europe Hydroponics Market By Origin, By Farming, By Type, By Crop Types, By Country, Competition, Forecast Opportunities, 2024”, the Europe hydroponics market is projected to cross $ 14 billion by 2024. Hydroponics systems are witnessing adoption owing to the increased emphasis on food safety, high-profit margins, and higher production obtained using this technique.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on the " Europe Hydroponics Market"
Further, a nutritionally superior variety of products are obtained using this technique. However, a lack of scientific knowledge regarding the soil-less agriculture system and the high initial cost are likely to hamper the growth of the market during the forecast period.
The Europe hydroponics market is segmented based on origin, farming, crop type, region, and company. Based on type, the market can be bifurcated into aggregate and liquid hydroponics systems.
The liquid hydroponics systems are expected to grow at a higher pace during the forecast period, owing to their efficiency, low cost, and higher productivity, among others.
Based on crop type, the market can be fragmented into vegetables, fruits, and flowers. The vegetable segment dominates the market since 10 times higher yield is obtained using this technique as compared to the traditional ones.
The market for hydroponics is fragmented at the global level, with multiple innovative start-ups and emerging companies entering the hydroponics market.
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Major companies have been trying to enter this space, either by developing hydroponic components or by investing in technology for crop production. Argus Control Systems Ltd., General Hydroponics Inc., Greentech Agro LLC, Logiqs B.V., Heliospectra AB, Thanet Earth Ltd., Lumigrow Inc, Signify N.V., Jones Food Company, Koninklijke Philips NV and others are some of the leading players operating in Europe Hydroponics market. Companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
“The hydroponics market in Europe is expected to witness substantial growth during the forecast period owing to the rising adoption of controlled environment agriculture for horticultural crops and increasing development of new advanced technologies that target specific crop needs.
Additionally, increasing awareness among consumers about the quality difference in greenhouse-grown vegetables and hydroponics culture is further fueling the hydroponics market in the region,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
“Europe Hydroponics Market By Origin, By Farming, By Type, By Crop Types, By Region, By Company, Forecast Opportunities, 2024” has evaluated the future growth potential of the Europe Hydroponics market and provides statistics information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe Hydroponics market.
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