Hydroponics is a system of agriculture that utilizes nutrient-laden water rather than soil for plant nourishment. The re-use of nutrient water supplies makes process-induced eutrophication (excessive plant growth due to overabundant nutrients) and general pollution of land and water unlikely, since runoff in weather-independent facilities is not a concern. Aeroponic and hydroponic systems do not require pesticides, require less water and space than traditional agricultural systems, and may be stacked (if outfitted with led lighting) in order to limit space use (vertical farming). This makes them optimal for use in cities, where space is particularly limited and populations are high-self-sustaining city-based food systems mean a reduced strain on distant farms, the reduction of habitat intrusions, fewer food miles, and fewer carbon emissions.
Market Outlook
The global hydroponics market is estimated to grow at a CAGR of 6.7% during the 2017-2022 forecast period. The hydroponics market value is anticipated to grow from USD XX million in 2016 to USD 31436.7 million by 2022. A sub-segment of hydro-culture, hydroponics is a method of growing plants using mineral nutrient solutions, in water, without soil. Hydroponics method uses two main mediums to grow crops - solution culture and solid medium culture. This method of farming is a niche segment gaining popularity in urban, customized agriculture setup. Companies are mainly focusing on launching new products and facilities by investing in R&D activities. Partnerships and agreements with regional players are being carried out to expand the global presence by companies.
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