Latin America Hydroponics Market to reach USD 82.01 million by 2021
Latin America Hydroponics Market by Equipment (HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling, Control Systems & others)
(EMAILWIRE.COM, March 27, 2018 ) Hydroponics is also referred to as the subset of hydroculture, one of the quickest-growing markets in the Latin America region. It involves the use of mineral nutrient solutions, in water without soil. The hydroponic plant grows 3050% faster compared to a soil plant, while grown underneath same situations. The nutrients in a hydroponic setup are dealt with water and sent to the root system. Furthermore, hydroponic gardening requires much less water than soil gardening as they continuously use nutrient solutions. Hydroponics is a technique for growing plant life without soil, making use of mineral nutrient solutions in a water solvent. Hydroponics permits you to grow any plant regardless of weather and conditions by way of imparting them sufficient nutrients. The supplements in hydroponics may be from fish waste, duck compost, or normal dietary supplements.
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The Latin America Hydroponics market had a market cost of USD 38.21 million in 2016 and is forecasted to show off a CAGR of 16.7% and attain USD 82.01 million through 2021.
Drivers and Restraints:
One of the essential drivers for the Latin America hydroponic industry is the higher yield in contrast to traditional agricultural strategies. A rise in the consumption of special, salad plants and the want for global food security is expected to fuel the market. However, increased cultivation of medicinal plant life and modifications in farming approach might also provide increased opportunities for the industry. Similarly, with the employment of vertical farming generation, there's an increase in the lettuce yield per year, which in flip is anticipated to fuel the market growth.
Lack of scientific know-how concerning this technique and high setup price is anticipated to restrain the market growth to some extent.
To know more read: https://www.marketdataforecast.com/market-reports/latin-america-hydroponics-market-2118/
Geographic Segmentation
Geographically, a market is further segmented into Brazil, Argentina, and Mexico. Developing regions like Brazil have huge prospects for the growth of this market due to growing demand for food, advancing agricultural approach and growing economy owing to the sturdy presence of fundamental gamers and the increasing demand for healthful food.
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The major shareholders of the market include Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
View sample and decide: https://www.marketdataforecast.com/market-reports/latin-america-hydroponics-market-2118/request-sample
The Latin America Hydroponics market had a market cost of USD 38.21 million in 2016 and is forecasted to show off a CAGR of 16.7% and attain USD 82.01 million through 2021.
Drivers and Restraints:
One of the essential drivers for the Latin America hydroponic industry is the higher yield in contrast to traditional agricultural strategies. A rise in the consumption of special, salad plants and the want for global food security is expected to fuel the market. However, increased cultivation of medicinal plant life and modifications in farming approach might also provide increased opportunities for the industry. Similarly, with the employment of vertical farming generation, there's an increase in the lettuce yield per year, which in flip is anticipated to fuel the market growth.
Lack of scientific know-how concerning this technique and high setup price is anticipated to restrain the market growth to some extent.
To know more read: https://www.marketdataforecast.com/market-reports/latin-america-hydroponics-market-2118/
Geographic Segmentation
Geographically, a market is further segmented into Brazil, Argentina, and Mexico. Developing regions like Brazil have huge prospects for the growth of this market due to growing demand for food, advancing agricultural approach and growing economy owing to the sturdy presence of fundamental gamers and the increasing demand for healthful food.
Get your customized report: https://www.marketdataforecast.com/market-reports/latin-america-hydroponics-market-2118/customize-report
The major shareholders of the market include Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results