During the five years to 2015, 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 2020, the total number of industry firms is expected to increase. Many of these new firms will focus exclusively on growing organic fruits and vegetables to help meet the demand at fresh markets. Meanwhile, other operators will start farms to provide goods solely on a local basis.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.