About Hydroponic Nutrients
Hydroponic farming refers to the method of growing plants in a liquid nutrient solution with or without using artificial media. It provides higher yield compared to the traditional agriculture methods. Hydroponic nutrients refer to any plant nutrients which are commercially available and suitable for plants to grow in a hydroponic system. Hydroponic nutrients market has high growth prospects owing to the rising demand for organic food. Moreover, growth in the hydroponic farming industry expected to drive the demand for hydroponics nutrient market over the forecasted period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnership, collaborations and new product launch in order to increase their offerings in the hydroponic nutrients market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Growhouse Pvt. Ltd. (India), Emerald Harvest (United States), Humboldts Secret (United States), Cutting Edge Solutions (United States), Roots Organics (India), Argus Control Systems (Canada), FoxFarm (United States), ScottsMiracle-Gro (United States), Botanicare (United States), Humboldts (United States), Cutting Edge Solutions (United States) and Growth Science (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Triton Foodworks Ltd. (India), Village Farms (Canada) and Green Sense Holdings (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hydroponic Nutrients market by Type (Organic Hydroponic Nutrients and Synthetic Hydroponic Nutrients), Application (Crops, Vegetables and Others) and Region.
On the basis of geography, the market of Hydroponic Nutrients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the Hydroponic Nutrients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Development of Advanced Hydroponic Technologies and Increasing Demand for Easy Harvesting Techniques
Market Growth Drivers:
Increasing Demand for Organic Food and Hydroponic Technique Used Less Water Compared to Soil Based Gardening
Challenges:
Constant Monitoring Is Required For Hydroponic Farming and Lacks Of Awareness in the Low and Middle Income Group Countries
Restraints:
High Capital Investment and Stringent Government Regulation Regarding Hydroponic Farming
Opportunities:
Growth in Hydroponic Farming Industry and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In December 2022, Freight Farms launched a new line of hydroponic nutrients called Farmhand. The product line consists of three components: Farmhand form, grow, and boost, each designed to provide essential macro and micronutrients to support healthy plant growth in hydroponic systems.
In January 2023, ICL, a global specialty minerals company, announced it would be the strategic specialty phosphate solutions supplier to General Mills. with the potential for international expansion. As part of its strategy to develop long-term partnerships with key suppliers, General Mills is working with ICL to leverage technical expertise in support of business growth.
“Certification of hydroponic, aquaponic, and Aeroponics operations is allowed under the USDA organic regulations and has been since the National Organic Program began. For these products to be labeled as organic, the operation must be certified by the United States Department of Agriculture (USDA) accredited certifying agent, and maintain compliance with the USDA organic regulations.”
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.