Hydroponics is Farming of the Future

Hydroponics - the farming of the future

Hydroponics - the farming of the future

 In the coming years, analysts predict that the hydroponics market will grow even more, underscored by the growing vertical farming market and LED technology used in in-house farming.

 The reports predict that the global vertical agriculture market share will reach $ 3.88 billion by 2021 and the LED market will grow by almost 27% by 2021 and will cost $ 1.9 billion.

 All over the world, beautiful hydroponic farms are being created in old abandoned urban factories, garages, warehouses.  For example, Emirates Flight Catering and Crop One Holdings announced plans in July 2018 to build the world's largest vertical farm in Dubai.  The site will be 130,000 square feet.

 Currently, according to statistics, there are about 2,307 registered and licensed hydroponic farms in the United States of America alone - companies employing about 7,939 people and generating a whopping $ 848 million a year for the industry.  The industry is projected to grow by 5.3 percent per year.

 In the global vertical farming market, the Compound annual growth rate (CAGR) is expected to be 24.9%, and by 2023 it will reach USD 6,009.8 million.

 What drives for the growth of the hydroponic market are such factors as growing demand for pesticide-free food, growing global population and increasing demand for year-round food production around the world, as well as less dependence on climate conditions.

 The development of irrigation technologies, improved plant breeding and the development of synthetic nitrogen fertilisers will increase the growth of the global vertical cultivation market in the coming years.

 Reducing post-harvest losses, reducing refrigeration costs, and addressing costly sourcing and quality issues that depend on time and distance in shipping, are just a few of the surface benefits of hydroponics.

 In fact, we get 3 times more yield per 1 square meter of area, thanks to the multi-level vertical structure, plants grow 30% faster without chemicals and unhealthy elements, and a fully automated growth cycle replaces an entire staff of workers.

 In addition, the use of resources (water, electricity, fuel) can be significantly reduced.  Scientific research shows that crops grown with nutrient solutions taste like organic crops and are nutritious as well.

 As land prices continue to rise and loans become less attractive for entrepreneurs, agriculture with a controlled environment is becoming an excellent solution for urban and suburban areas without access to large soil areas.