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LAMEA Hydroponics Market Size, Share & Industry Trends Analysis Report By Type, By Crops (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others), By Country and Growth Forecast, 2021-2027

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    Report

  • 67 Pages
  • February 2022
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5571296
The Latin America, Middle East and Africa Hydroponics Market is expected to witness market growth of 22.9% CAGR during the forecast period (2021-2027).

High capital expenditure for large-scale farms, for example, is constraining market expansion. A hydroponic farm's main cost elements are HVAC systems, ventilation, irrigation systems, fans, control systems, railways, and lighting, among others. Furthermore, in developing nations, a lack of government regulation and tax incentives, as well as the spread of waterborne infections and algae in closed systems, are possible limitations to the worldwide hydroponics market's overall growth.

Hydroponics is a gardening technique in which plants are cultivated in an aqueous solution without the need of soil. Hydroponic vegetables, which are a subgroup of hydroculture, require less fertiliser, water, and land, and as a consequence, there has been a significant increase in hydroponic vegetable output. All around world, there has been an increase in demand for crops grown in a controlled setting.

Food insecurity is a major issue in the Middle East, due to agricultural inefficiency caused by a lack of water and fertile land, as well as harsh weather conditions. According to a current UN Food and Agriculture Organization estimate, approximately 51 million people in Arab countries are hungry. Furthermore, in 2020, the Middle East (including North Africa) represented for 20% of the world's inhabitants who were food insecure. Meeting growing demand with traditional agricultural techniques in such a setting may result in fierce competition for natural resources. The region is expected to become warmer and drier in the future as a result of ongoing climate change dynamics.

Moreover, the Middle East is the world's most water-stressed area, with severe land limits that severely limit its food production. The UAE, Kuwait, Bahrain, Qatar, and Palestine, according to the World Resources Institute, will be the world's most water-stressed countries by 2040. This is projected to have a significant impact on food insecurity and the reliance on imports.

The Brazil market dominated the LAMEA Hydroponics Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $215.1 million by 2027. The Argentina market is exhibiting a CAGR of 23.6% during (2021 - 2027). Additionally, The UAE market is expected to showcase a CAGR of 22.6% during (2021 - 2027).

Based on Type, the market is segmented into Aggregate Systems and Liquid Systems. Based on Crops, the market is segmented into Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Argus Control Systems Limited, The Scotts Miracle-Gro Company, American Hydroponics, LumiGrow, Inc., Emerald Harvest, Hydroponic Systems International, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Signify N.V., and Heliospectra AB.

Scope of the Study


Market Segments Covered in the Report:


By Type
  • Aggregate Systems and
  • Liquid Systems

By Crops
  • Tomatoes
  • Lettuce
  • Peppers
  • Cucumbers
  • Herbs
  • Fruits
  • Others

By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Key Market Players


List of Companies Profiled in the Report:

  • Argus Control Systems Limited
  • The Scotts Miracle-Gro Company
  • American Hydroponics
  • LumiGrow, Inc.
  • Emerald Harvest
  • Hydroponic Systems International
  • Hydrofarm Holdings Group, Inc.
  • HydroGarden Ltd.
  • Signify N.V.
  • Heliospectra AB

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Hydroponics Market, by Type
1.4.2 LAMEA Hydroponics Market, by Crops
1.4.3 LAMEA Hydroponics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Hydroponics Market by Type
3.1 LAMEA Aggregate Systems Market by Country
3.2 LAMEA Liquid Systems Market by Country
Chapter 4. LAMEA Hydroponics Market by Crops Type
4.1 LAMEA Tomatoes Market by Country
4.2 LAMEA Lettuce Market by Country
4.3 LAMEA Peppers Market by Country
4.4 LAMEA Cucumbers Market by Country
4.5 LAMEA Herbs Market by Country
4.6 LAMEA Fruits Market by Country
4.7 LAMEA Others Market by Country
Chapter 5. LAMEA Hydroponics Market by Country
5.1 Brazil Hydroponics Market
5.1.1 Brazil Hydroponics Market by Type
5.1.2 Brazil Hydroponics Market by Crops Type
5.2 Argentina Hydroponics Market
5.2.1 Argentina Hydroponics Market by Type
5.2.2 Argentina Hydroponics Market by Crops Type
5.3 UAE Hydroponics Market
5.3.1 UAE Hydroponics Market by Type
5.3.2 UAE Hydroponics Market by Crops Type
5.4 Saudi Arabia Hydroponics Market
5.4.1 Saudi Arabia Hydroponics Market by Type
5.4.2 Saudi Arabia Hydroponics Market by Crops Type
5.5 South Africa Hydroponics Market
5.5.1 South Africa Hydroponics Market by Type
5.5.2 South Africa Hydroponics Market by Crops Type
5.6 Nigeria Hydroponics Market
5.6.1 Nigeria Hydroponics Market by Type
5.6.2 Nigeria Hydroponics Market by Crops Type
5.7 Rest of LAMEA Hydroponics Market
5.7.1 Rest of LAMEA Hydroponics Market by Type
5.7.2 Rest of LAMEA Hydroponics Market by Crops Type
Chapter 6. Company Profiles
6.1 Argus Control Systems Limited (Controlled Environments Limited)
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.2 The Scotts Miracle-Gro Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers
6.3 American Hydroponics
6.3.1 Company Overview
6.4 LumiGrow, Inc.
6.4.1 Company Overview
6.5 Emerald Harvest
6.5.1 Company Overview
6.6 Hydroponic Systems International
6.6.1 Company Overview
6.7 Hydrofarm Holdings Group, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers
6.8 HydroGarden Ltd.
6.8.1 Company Overview
6.9 Signify N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.10. Heliospectra AB
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Recent strategies and developments:
6.10.3.1 Partnerships, Collaborations, and Agreements:

Companies Mentioned

  • Argus Control Systems Limited
  • The Scotts Miracle-Gro Company
  • American Hydroponics
  • LumiGrow, Inc.
  • Emerald Harvest
  • Hydroponic Systems International
  • Hydrofarm Holdings Group, Inc.
  • HydroGarden Ltd.
  • Signify N.V.
  • Heliospectra AB

Methodology

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