Canada Hydroponics Market to be Dominated by Indoor Hydroponics System Segment through 2028
The growing demand for
chemical-free fruits and vegetables can drive Canada
hydroponics market in the forecast period, 2024-2028.
According to TechSci Research
report, “Canada Hydroponics Market- Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028”, Canada hydroponics market
size is anticipated to increase at a substantial rate in the forecast
period. The Canada hydroponics market is experiencing significant
growth due to several trends, including increasing demand for locally grown,
fresh, and organic produce, growing adoption of sustainable agriculture
practices, the need to reduce water & land usage, and advancements in
hydroponic technology. The market is also driven by the growing popularity of
urban agriculture, which provides fresh produce to city dwellers and reduces
transportation costs. In addition, the government's support for sustainable
agriculture practices, research and development, and tax incentives for farmers
is contributing to the growth of the market. In 2022, thegovernment of
Canada invested more than USD 8.7 billion under the Agricultural Clean
Technology (ACT) Program to support farmers in agriculture by providing them
advance technologies. Technological advancements are a key factor
driving Canada's hydroponics market growth. The adoption of new technologies is
improving the efficiency, productivity, and sustainability of hydroponics
operations, making them more economically viable and environmentally friendly.
The continued development and adoption of new technologies will be essential
for the growth and success of the Canada hydroponics market in the future.
Some of the major challenges
faced by the hydroponics industry in Canada are ensuring a consistent supply of
water, high initial investment costs, access to land to the best location,
continuous maintenance of nutrient and mineral levels in the water, and
shortage of skilled labor. The initial setup and installation costs of
hydroponic systems can be high, which makes it difficult for small farmers to
enter the market. Additionally, access to financing can be limited, as many
traditional lenders may be hesitant to finance hydroponic farms due to the
perceived risks. Another, hydroponics relies heavily on a consistent supply of
water, and any interruption in the water supply can significantly affect crop
yields and quality. In some regions of Canada, water scarcity is a common
issue, especially during droughts and heat waves, which has a significant
impact on the market growth. Furthermore, some areas may have limited access to
systems used in hydroponics due to their remote location or lack of
infrastructure. The high cost of water management systems and the lack of
access to these systems can hinder the growth of the Canadian hydroponics
market.
Browse over XX market data
Figures spread through XX Pages and an
in-depth TOC on the "Canada Hydroponics Market”
Canada hydroponics market is
segmented based on type, equipment, input, farming methods, crop area, crop
type, and region.
Based on the type, the market is
categorized into aggregate systems and liquid systems. The liquid systems
segment is expected to hold the largest market share in the forecast period due
to their efficiency and convenience while use. Liquid hydroponics systems allow
plants to absorb nutrients directly from a water-based solution, without the need
for soil or other growing media. This reduces the risk of pests, diseases,
& weeds, and saves space as well as water. Liquid hydroponics systems are
easy to set up, maintain, and can produce high-quality crops in a short time.
Based on the equipment, the
market is segmented into HVAC, LED grow lights, control systems, irrigation
systems, material handling, and others. The irrigation system segment is
expected to hold the largest market share in the forecast period as it offers
various advantages over other equipment types, such as water efficiency,
nutrient control, pest prevention, and crop quality improvement. Irrigation
systems equipment type also allows for year-round production of hydroponic
crops, regardless of the weather conditions. Therefore, irrigation systems
equipment type is preferred by many hydroponic farmers in Canada.
Major companies operating in the
Canada hydroponics market are:
- Argus
Control Systems Ltd.
- Biofloral
Inc
- Holland
Industry, Inc.
- Hydro-Lite
Hydroponics
- Hydrofarm
Canada
Download Free Sample Report
Customers can also request for
10% free customization on this report.
“The Canadian hydroponics market
has seen significant technological advancements in recent years. These
advancements include the development of sophisticated computer-controlled
systems for monitoring and controlling the growth environment, such as temperature,
humidity, and nutrient levels. Additionally, automation and robotics have been
introduced in hydroponic systems, reducing labor costs, and increasing
efficiency. The adoption of these technologies has improved the quality and
quantity of hydroponically grown produce while reducing environmental impact
and lowering costs. These advancements are expected to continue to drive growth
in the Canadian hydroponics market in the coming years.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Canada Hydroponics
Market, By Type (Aggregate Systems, Liquid Systems), By Equipment (HVAC,
LED Grow Light, Control Systems, Irrigation Systems, Material Handling, and
Others), By Input (Nutrient, Growth Media), By Farming Method (Indoor,
Outdoor), By Crop Area (Up 1000 Square Feet, 1000-5000 Square Feet, 5001-10000
Square Feet, 10000-50000 Square Feet, and Above 50000 Square Feet), By Crop
Type (Vegetables, Fruits, Flowers, and Others), By Region, Competition,
Opportunity and Forecast, 2028”, has evaluated the future growth
potential of Canada hydroponics market 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 Canada hydroponics market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com