Industry Analysis & Industry Trends
The Hydroponic Crop Farming industry remained resilient during the recession, due to consistently high demand for healthy and organic produce. With extreme weather conditions damaging many crops for fresh field farmers, grocery stores and other markets turned to the industry to satisfy their demand. This factor will continue to benefit firms over the next five years, as consumers increasingly demand organic and local food.... 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 2.8% from 2008 to 2018, which is faster than the national GDP growth rate of 2.1% during the same time period.
In addition to contributing strongly to the nation's GDP, the industry is growing rapidly. From 2013 to 2018, the total number of industry firms is expected to increase at an average annual rate of 1.6%. Companies have increasingly entered the industry and revenue has risen consistently over the past five years... purchase to read more