Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Hydroponic Crop Farming industry has maintained positive growth. Over the five-year period, 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. Over the five years to 2021, the total number of industry operators is expected to increase. Many of these new companies will focus exclusively on growing organic fruits and vegetables to help meet the demand at fresh markets.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hydroponic Crop Farming industry is in the growth stage of its life cycle because of its increasing number of participants, high industry value added (IVA) and rapid growth of customer acceptance. Industry value-added is expected to grow at an average annual rate of 3.6% from 2011 to 2021, which is about the same rate as US GDP growth during the same period, slated to grow at an annualized 2.3% during the period.
In addition to steady contribution to the nation's GDP, industry participation is also increasing, which typically signals a growing industry. In the 10 years to 2021, the total number of industry operators is expected to increase at an average annual rate of 5.7%... purchase to read more