The growing popularity of vertical and soil less farming is driving the growth of the U.S. hydroponics market owing to the increasing population of America which is decreasing the viable land for agriculture. Further, the hydroponic farming is independent of seasonal changes which results in high quality and better crop yield. In addition to that, the hydroponic system of cultivation reduces the transport emission, consumes less time and eliminates the need for herbicides and pesticides.
The U.S. hydroponics market accounted for USD 880.7 Million in 2017 and is expected to reach remarkable market valuation of USD 3,695.7 Million by the end of 2025, expanding at a CAGR of 20.3% between the period 2018 and 2025.
In terms of market segmentation, the U.S. hydroponics market is divided by crop type into tomato, microgreens, lettuce & leafy vegetables, pepper, cucumber, marijuana, strawberry and others. The lettuce & leafy vegetables segment accounted for dominant market share in 2017 and is believed to cross 40% of the total market share in 2025. Further, the microgreens segment is believed to be the second largest shareholder in the market in upcoming years. Furthermore, marijuana segment is predicted to expand with highest CAGR during the forecast period.
The report titled “U.S. Hydroponics Market Outlook: Industry Analysis & Opportunity Evaluation 2017-2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This Report also studies existing competitive scenario of some of the key players of the U.S. hydroponics market which includes 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 comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “U.S. Hydroponics Market Outlook 2025”, analyses the overall hydroponics industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the U.S. hydroponics market in the near future.