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Hydroponic Crop Farming: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hydroponic Crop Farming Market Research Report | NAICS OD4012 | Sep 2016

Greenhouse growth: Rising food prices and extreme weather conditions will cultivate growth

IBISWorld’s Hydroponic Crop Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$821m
Annual Growth 11-16
4.5%
Annual Growth 16-21
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Profit
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Employment
5,188
Businesses
2,758
Industry Analysis & Industry Trends

Over the five years to 2016, revenue for the Hydroponic Crop Farming industry has maintained positive growth, as 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. Many of these new companies will focus exclusively on growing organic fruits and vegetables to help meet demand at fresh markets. Meanwhile, other operators will start farms to provide goods solely on a local basis... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, the Hydroponic Crop Farming industry has moderate barriers to entry. The most significant barriers are the capital investment requirements associated with establishing a hydroponic farm and obtaining the required licenses to sell fresh produce. Setting up a hydroponic farm from the ground up requires considerable investment. New participants need to purchase or lease land, greenhouses and essential equipment, such as climate monitors, irrigation systems and heating and cooling systems. Hopeful entrants may have difficulty securing financing for these costs, given the high level of industry volatility.

New operators hoping to compete with the large commercial hydroponic growers may also be deterred by the difficulty in obtaining contracts with downstream markets. Far.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hydroponic Crop Farming Industry?

Hydroponics is a method of growing plants using mineral nutrient solutions in water, without soil. Operators in this industry generally grow food crops under glass or protective cover.

Industry Products
TomatoesLettuceFresh herbsCucumbersPeppersStrawberriesOther food crops
 
Industry Activities
Hydroponic greenhouse tomato farmingHydroponic greenhouse cucumber farmingHydroponic greenhouse bell pepper farmingOther hydroponic greenhouse vegetable farmingHydroponic greenhouse fruit production


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