Hydroponic Crop Farming in the US - Industry Market Research Report
Description
Hydroponic Crop Farming in the US
Over the five years to 2023, revenue for the Hydroponic Crop Farming industry has grown. While overall vegetable prices have increased over the five years, industry revenue has been limited by years with significant crop price drops. However, 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. In particular, drought throughout many parts of the United States over the past five years harmed agricultural industries across the board, presenting an opportunity for hydroponic crop farmers. Over the five years to 2023, industry revenue is expected to increase at an annualized rate of 1.8% to $807.9 million. In 2023, industry revenue is expected to rise 1.6% as traditional farms continue to struggle with volatile weather patterns and COVID-19 (coronavirus) related supply chain disruptions.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Over the five years to 2023, revenue for the Hydroponic Crop Farming industry has grown. While overall vegetable prices have increased over the five years, industry revenue has been limited by years with significant crop price drops. However, 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. In particular, drought throughout many parts of the United States over the past five years harmed agricultural industries across the board, presenting an opportunity for hydroponic crop farmers. Over the five years to 2023, industry revenue is expected to increase at an annualized rate of 1.8% to $807.9 million. In 2023, industry revenue is expected to rise 1.6% as traditional farms continue to struggle with volatile weather patterns and COVID-19 (coronavirus) related supply chain disruptions.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
38 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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