The Middle East and Africa Hydroponics Market is estimated to reach USD 91.35 million by 2026 from a market value of USD 39.65 million in 2021 at a CAGR of 15.5%.
Hydroponics is a soilless cultivating technique used to create high return crops. It is a part of hydroculture, which utilizes mineral arrangements and supplements to develop different plants. Hydroponics utilizes two fundamental mediums to develop crops and they are selection culture and strong medium culture. This strategy is a compelling substitute, which defeats the defects of typical agribusiness method to a superior degree.
Drivers and Restraints of Middle East and Africa Hydroponics Market:
One of the important drivers is that hydroponics gives higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.
Middle East and Africa Hydroponics Market – By Equipment:
Middle East and Africa Hydroponics Market – By Type:
Middle East and Africa Hydroponics Market – By Crop Type:
Middle East and Africa Hydroponics Market – By Input Type:
Middle East and Africa Hydroponics Market – By Aggregate Hydroponics Systems:
Middle East and Africa Hydroponics Market – By Liquid Hydroponic Systems:
Middle East and Africa Hydroponics Market – By Closed Systems:
HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.
Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.
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