Hydroponic Nutrients Market to grow by USD 2.35 billion from 2021 to 2026 | 3G Green Garden Group LLC, Advanced Nutrients Ltd., Better Organix OU, and more among key companies- Technavio

NEW YORK, Sept. 14, 2023 /PRNewswire/ — The hydroponic nutrients market is expected to grow by USD 2.35 billion from 2021 to 2026. In addition, the growth momentum of the market will progress at a CAGR of 12.52% during the forecast period, according to Technavio. Reduction in arable land is notably driving the hydroponic nutrients market. However, factors such as the Availability of traditional farming may impede market growth. The market is segmented by Type (Macronutrients and Micronutrients), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the hydroponic nutrients market, including 3G Green Garden Group LLC, Advanced Nutrients Ltd., Better Organix OU, BrightFarms Inc., Canna Continental, FoxFarm Soil and Fertilizer Co., Growth Technology Ltd., HGI Worldwide Inc., HS Supplies LLC, Hydrodynamics International Inc., LumiGrow Inc., Master Garden Nutrients Ltd., Masterblend International Tyler Enterprises, Nutriculture UK Ltd., The Scotts Miracle Gro Co., and Village Farms International Inc. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.

Hydroponic Nutrients Market 2022-2026: Company Analysis

• Advanced Nutrients Ltd. – The company offers Hydroponic nutrient products such as OG Tea, Bud Factor X, Iguana Juice Bloom.

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Hydroponic Nutrients Market 2022-2026: Segmentation

• The hydroponic nutrients market share growth by the macronutrients segment will be significant during the forecast period. This segment includes nutrients such as carbon, hydrogen, oxygen, nitrogen (N), phosphorus (P), potassium (K), sulfur, calcium, and magnesium. In addition, these nutrients play essential roles in energy metabolism, protein synthesis, photosynthesis, and flowering of plants. For example, nutritional nitrogen contributes to plant cell replication and protein synthesis. Additionally, nitrogen deficiency can cause plants to lose color and vitality. A high proportion of macronutrient consumption, which accounts for over 90% of total dry matter in an average plant, is the main reason for market demand. Due to the absence of soil, problems with pests and soil-borne diseases such as root rot, bacterial wilt, and crown gallare were eliminated since hydroponics do not include soil. Crop growth depends on the macronutrient ratios chosen by the end user. For example, the properties of macronutrient compounds largely depend on the N-P-K ratio. Hence, these factors are expected to drive segment growth during the forecast period.

Geography 

• APAC is estimated to contribute 40% to the growth of the global market during the forecast period. The regional market is driven by limited arable land, better farming practices, and technology developments, an increasing number of people as well as favorable government policies. As a result, the increase in demand for foodstuffs is directly linked to population growth. For example, the APAC region’s population is expected to reach 5.1 billion by the end of 2050. The major consumers of hydroponic nutrients in the region are China, India, Japan, Malaysia, and Indonesia. APAC region, driven by growing domestic consumption and exports of vegetables and fruits of these countries. For example, Vietnam and Thailand are among the world’s leading fruit exporters. Furthermore, India is the world’s largest rice exporter, followed by Vietnam. In addition, China is also the largest producer and exporter of grains, beans, and other agricultural and food products. Therefore, such increased cultivation may increase the demand for hydroponic nutrients. Hence, these factors are expected to drive market growth in the region during the forecast period.

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Hydroponic Nutrients Market 2022-2026: Key Highlights

• Historic Market Size 2017-2021
• CAGR of the market during 2022-2026
• Detailed information on factors that will assist hydroponic nutrients market growth during the next five years
• Estimation of the market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the hydroponic nutrients market
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of hydroponic nutrients market companies

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ToC:

Executive Summary 

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio