Israel Hydroponics Market to be Supported by Growing Food Demand through 2028
Growing water scarcity and
increasing food demand is expected to drive the growth of Israel hydroponics
market in the forecast period, 2024-2028.
According to TechSci Research report, “Israel Hydroponics Market – By Region,
Forecast and Opportunities, 2018-2028”, the Israel hydroponics market
is anticipated to grow at a significant rate in the forecast period, 2024-2028.
Food security is becoming an important issue, which is surging the demand for
smart agricultural practices such as hydroponics. This is ascribed to the
rising urbanization, water scarcity, and increasing population, among others. More
than 2 million people living in Israel battle with hunger and food insecurity
every day. Rapid urbanization and industrialization are causing a challenge
to food availability, which, in turn, is bolstering the growth of the market.
However, the high cost of conducting hydroponics
farming is expected to slow down the market growth. Also, the maintenance cost
of different systems and devices used in hydroponic setup is quite high as
compared to those used in conventional agricultural practices. Besides, the
lack of awareness about the farming practices prevalent in the country may hamper the growth of
the market in the forecast period.
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Israel hydroponics market is
segmented into type, equipment, input, farming method, crop type, region and
company.
Based on type, the market is
divided into aggregate systems and liquid systems. The aggregate
systems segment is expected to witness a rise over the forecast
period. This is attributed to the growing popularity of aggregate hydroponic
system among indoor farmers, cost effectiveness, and easy to use properties.
Based on equipment, the
market is divided HVAC, LED grow light, control systems, irrigation systems,
and others. The
HVAC segment
is forecasted to witness high growth over the upcoming years. This is ascribed
to various benefits such as wide use for cooling, and dehumidification, and for
providing the optimum temperature.
Based on input, the market
is divided into nutrient and growth media. Out of these, the nutrient input is
forecasted to growth at the significant rate. This is due to its usage to grow
crops without soil.
Based on farming method, the
market is divided into indoor and outdoor. The indoor segment is anticipated to
grow during the forecast period. This is attributed to the rapid
industrialization, and shrinkage in cultivation land.
Based on crop type, the
market is divided into fruits & vegetables, flowers & turfs, and
others. Fruits & vegetables segment is anticipated to grow during the
forecast period. This is attributed to the growing consumption of fruits and
vegetables coupled with changing food habits.
Major companies operating
in Israel hydroponics market are:
- GrowPonics Limited
- LivinGreen
- Ariel Global Links Limited
- Growee Smart Hydroponics
- Teshuva Agricultural Projects Ltd.
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“Israel Hydroponics Market is expected to witness a significant
growth in the upcoming years due to technological advancements happening in the
field of alternative farming practices. Adoption of agriculture 4.0 solutions,
IoT, AI, automation, among others in alternative farming practices is expected
to create lucrative opportunities for the growth of hydroponics market in the
country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Israel
Hydroponics Market By Type (Aggregate Systems v/s Liquid
Systems), By Equipment (HVAC, LED Grow Light, Control Systems, Irrigation
Systems, Others), By Input (Nutrient v/s Growth Media), By Farming Method
(Indoor v/s Outdoor), By Crop Type (Fruits & Vegetables, Flowers &
Turfs, Others), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth
potential of Israel hydroponics and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Israel hydroponics
market.
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