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Hydroponic Crop Farming - Industry Market Research Report

  • September 2016
  • 35 pages
  • Ibisworld
Report ID: 1041721

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Greenhouse growth: Rising food prices and extreme weather conditions will cultivate growth



Abstract

Hydroponic Crop Farming

Over the five years to 2016, revenue for the Hydroponic Crop Farming industry has maintained positive growth, as a growing number of individuals shifted to healthy eating and consuming organic produce, resulting in high demand. In addition, extreme weather conditions damaged many crops for fresh field farmers, so grocery stores and farmers' markets quickly turned to hydroponic farmers to meet their demand. As revenue and downstream demand continue to expand in the next five years, the number of enterprises is projected to grow. Many of these new companies will focus exclusively on growing organic fruits and vegetables to help meet demand at fresh markets. Meanwhile, other operators will start farms to provide goods solely on a local basis.

Hydroponics is a method of growing plants using mineral nutrient solutions in water, without soil. Operators in this industry generally grow food crops under glass or protective cover.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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