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What Growth Opportunities are Expected to Drive the Hydrogen Powered Transport Market’s CAGR Through 2034?

The expansion of the hydroponics market has been swift in the previous years. The market is predicted to rise from a value of $15.57 billion in 2024 to $17.3 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.1%. The significant growth during the historical period is associated with factors like efficient resource usage, water preservation, lack of land, urban farming, less reliance on soil quality, and the ability to produce all year round.

We anticipate a swift expansion in the hydroponics market in the upcoming years. By 2029, it is predicted to reach a worth of $28.95 billion, growing at a compound annual growth rate (CAGR) of 13.7%. Several factors contribute to this growth projection, including the merger with sustainable maneuvers, the consumers’ preference for fresh vegetables and fruits, the pressing issues of food security, government endorsements and incentives, as well as educational and research agendas. Key trends during this forecast period involve progressive farming techniques, vertical agriculture systems, nutrient film technology systems, natural and organic hydroponic methods, along with the implementation of aeroponics technology.

Which Drivers Are Expected to Have the Greatest Impact on the Market’s Growth?

The growth of the hydroponics market is projected to be influenced by the rising awareness about health and wellness. This not only pertains to knowledge about one’s health but also involves active steps taken towards enhancing physical well-being, such as commitment to healthy nutrition, fitness, and an overall healthy lifestyle. Factors contributing to this trend include an increase in lifestyle diseases like obesity, diabetes, and heart disease, which amplify the significance of adopting a healthy lifestyle. Hydroponically farmed food, grown in strictly controlled settings that allow for exact nutrient control and limited pesticide use, offers fresh, pure, and nutrient-packed produce which is the perfect choice for health-focused consumers. In a study in May 2022 by the US-based non-profit organization, the International Food Information Council, involving 1,005 American adults aged 18–80 and adult Gen Z consumers aged 18–24, revealed that approximately 52% of the participants were following a specific eating pattern or diet, an increase from 39% in 2021. Moreover, the preferred options were clean eating (16%), mindful eating (14%), and calorie counting (13%). Hence, the escalating consciousness towards health is propelling the hydroponics market.

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What Are the Leading Industry Players Dominating the Hydrogen Powered Transport Market?

Major companies operating in the hydroponics market include:

• The Scotts Miracle-Gro Company_x000D_

• Hydrofarm Holdings Group Inc._x000D_

• Village Farms International Inc._x000D_

• Freight Farms Inc._x000D_

• AeroFarms LLC_x000D_

What Are the Latest Trends Leading to Disruption in the Hydrogen Powered Transport Market?

Leading firms in the hydroponics sector are building modern manufacturing facilities integrated with technological advancements such as Smart Control Apps. These facilitate real-time tracking and accurate management of elements like nutrient amounts, illumination, temperature, and humidity. This aids in improving plant growth and use of resources. A Smart Control App is an innovation that lets cultivators remotely control and modify the environmental aspects of hydroponic systems. For example, in April 2024, Vertefarm, a hydroponics firm based in the US, initiated a hydroponic micro plant factory. This factory is an in-home garden solution merging superior hydroponics with a smart control app. The said app facilitates monitoring and controlling of plant growth conditions remotely. It allows the users to change settings like lighting, water, and nutrients through their smartphones, providing optimal growth conditions without the necessity of continuous monitoring. The micro plant factory is designed with aesthetics and compactness in mind, making it suitable for diverse living layouts, such as apartments and small houses.

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Which Segments of the Hydrogen Powered Transport Market Hold the Most Potential for Future Development?

The hydroponics market covered in this report is segmented –

1) By Type: Aggregate Systems, Liquid Systems

2) By Farming: Indoor Farming, Outdoor Farming

3) By Crop Type: Vegetables, Fruits, Flowers

Subsegments:

1) By Aggregate Systems: Ebb And Flow Systems (Flood and Drain), Drip Systems, Wick Systems, Aeroponics Systems (Using Aggregate Medium)

2) By Liquid Systems: Nutrient Film Technique (NFT), Deep Water Culture (DWC), Aeroponics Systems (Mist-Based), Continuous Flow Systems

Which Regions Are Significant to the Growth of the Hydrogen Powered Transport Market?

Western Europe was the largest region in the hydroponics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Core Features That Define the Hydrogen Powered Transport Market?

Hydroponics refers to a method of growing crops without using soil, replacing it with another material to support the plant’s roots, and doing so in nutrient-rich water. Because plants are more closely spaced out in a hydroponic system than they would be on a plot of land to cultivate the same number of plants, hydroponic plants generate more fruits and vegetables.

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