There is a deduction of 3.07% of arable land in the last 54 years in the United States ~The World Bank
“U.S. Hydroponics Market Outlook: Industry Analysis & Opportunity Evaluation 2017-2025”
The U.S. hydroponics market is riding on the back of the indoor or soil less farming due to the growing population of America leading to the decrease in arable land cultivation. In addition to that, there is a growing demand for food and higher yield along with eliminating the need for herbicides and pesticides. The leading manufacturers are continuously enhancing the performance of the hydroponic products with the help of advanced equipment used in hydroponics farming by adding new features accompanied with launching new products to attract the consumers. The increasing popularity of hydroponics is predicted to expand the U.S. hydroponics market by reaching USD 3,695.7 Million by 2025, soaring its way up from USD 880.7 Million in 2017 by witnessing a CAGR of 20.3% over the period 2018-2025.
The microgreens segment was the second largest shareholder in the market with 20% of market share in 2017. Furthermore, marijuana segment is estimated to witness significant demand and is predicted to grow with highest CAGR of 22.4% during 2018-2025
Increasing Popularity Soil-Less Farming to Escalate the Demand for Hydroponics in FutureThe U.S. hydroponics market is thriving on the back of increasing popularity of vertical or soil less farming. Request Report Sample- www.researchnester.com/sample-request-1208
Decreased Cultivation Area – The growing population in America is believed to decrease the cultivation area which is likely to positively impact to growth of the hydroponic industry in the US.
Better Yield– Unaffected from the seasonal changes, the crop yield and the quality is higher.
Less Time Consuming – Hydroponics system of cultivation is less time consuming and can be cultivated closer to the customer and further help in reducing the transport emission.
Industry Players’ are Progressing towards Minimizing the Barriers faced by the U.S. Hydroponics Market
According to Research Nester, lack of experience and technical knowledge on hydroponics plantation is envisioned to hinder the growth of the U.S. hydroponics market.
High Cost – The initial set-up cost of hydroponics is very high.
Frequent Monitoring – Hydroponic farms demand continuous supervision and monitoring with respect to the required lighting, nutrients etc.
The report titled “U.S. Hydroponics Market Outlook: Industry Analysis & Opportunity Evaluation 2017-2025” delivers detailed overview of the U.S.
hydroponics market in terms of market segmentation by crop type. Request For TOC Here: www.researchnester.com/request-toc-1208
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the U.S. hydroponics market which includes company profiling of AmHydro, Cropking, Complete Hydroponics, General Hydroponics, Freight Farms, H2O Farm, Sinowell, Vertical Harvest Hydroponics, Hydrofarm Inc. and Metropolis Farms Inc.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the U.S. hydroponics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Buy This Premium Reports Now @ www.researchnester.com/payment/rep-id-1208
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