Israel hydroponics market
is anticipated to observe an impressive growth during the forecast period, 2024-2028.
Growing food demand, coupled with rise in water
scarcity in the region are propelling the growth of the Israel hydroponics market.
In 2015, the total demand for water in Israel rose to 2.2 billion cubic
meters (BCM), yet its average yearly enrichment of natural water into Lake
Kinneret (Sea of Galilee) and its three main aquifers amounted only to 1.2 BCM,
presenting a natural water supply deficit of 1 BCM. Hydroponics is a technique
of growing a variety of fruits and vegetable plants with the use of water-based
solvent containing mineral nutrient. The plants are grown without the use of
soil, chemical fertilizers, and pesticides. It is a modern, eco-friendly
farming and agricultural practice which requires less water compared to other
conventional methods. The other factor which are bolstering the market growth
are growing population along with the decreasing
agriculture land, the significant increase in organic food demand, growing
emphasis on food security, high profit margin, increasing industrialization and
urbanization and higher yield in comparison to
traditional agricultural techniques. Besides, hydroponics removes the use of artificial
ripening agents and pesticides which is expected to support the growth of the
market.
Rising Acceptance of
Controlled Environment Agriculture
The surge in adoption
and acceptance of controlled environment agriculture is expected to bolster the
growth of the Israel hydroponics market. Owing to the sudden climatic changes,
shrinking agriculture lands, and other external conditions faced by traditional
agricultural methods, the demand for hydroponic method is rising. Hydroponic is
a technique of growing plants without soil, this method helps farmers to grow
more effectively and efficiently by controlling temperatures and lightening
schedules, thus in turn, enhancing the plant production, and density. This
technique can be used in locations where the land is poor to support farming or
is limited. Therefore, the above factors facilitate the growth of the market.
Growing Water Scarcity
to support Market Growth
Rising water scarcity in
the country is a contributing factor for the growth of the market. Traditional
farming methods uses large amount of water till harvesting as the total yield
of the plants depends upon water. Therefore, need for hydroponic techniques is
surging as it requires very low amount of water for growing plants.
Presently, Israel's water resources yield 449 billion gallons every year, but
owing to the population growth and an increase in the living standard, the rise
in annual consumption rose to 580 billion gallons. With an annual deficit of
131 billion gallons of water, the country is over-consuming its water resources
by 25 percent.
Increasing Food Demand
supports the Market Growth
Rapid increase in
population base, growing urbanization and industrialization are the key reasons
for the increasing demand for food, due to which hydroponic farming is used,
which is expected to boost the growth of the market. The current population
of Israel is 8980,884 as of Tuesday, November 29, 2022. The hydroponics
method of farming has achieved higher yields, when compared to conventional
methods. Rise in the consumption of salad crops, exotic food, and need for food
security is supporting the growth of the market. According to the National
Insurance Institute (NII) survey, in 2021, the number of families contending
with a “severe shortage of food” is 265,000, or 8.2 percent of all Israeli
families.
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Market
Segmentation
Israel hydroponics
market is segmented into type, equipment,
input,
farming method, crop type, and company. Based on type, the market is divided into aggregate
systems and liquid systems. Based on equipment, the market is categorized as HVAC, LED grow
light, control systems, irrigation systems, and others. Based on input,
the market is bifurcated into nutrient and growth media. Based on farming method, the market is
divided into indoor and outdoor. Based on indoor and outdoor
segment, the market is further classified into type, equipment, Input,
and crop type. Based
on crop type, the market is divided into fruits & vegetables,
flowers & turfs, and others. In terms of region, the market is
segmented into the Mediterranean Coastal Plain, the Central Hills, the Jordan
Rift Valley, and the Negev Desert.
Market
Players
GrowPonics Limited, LivinGreen, Ariel
Global Links Limited, Growee Smart Hydroponics, and Teshuva Agricultural
Projects Ltd. are some of the
leading companies operating in the market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million, CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue forecast, Volume forecast company share, Competitive
landscape, Growth factors, and Trends
|
|
Segments covered
|
Type
Equipment
Input
Farming Method
Crop Type
Company
By Region
|
|
Regional scope
|
The Mediterranean Coastal Plain, The Central Hills, The Jordan
Rift Valley, and The Negev Desert
|
|
Key companies profiled
|
GrowPonics Limited, LivinGreen, Ariel Global Links Limited,
Growee Smart Hydroponics, and Teshuva Agricultural Projects Ltd.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Israel hydroponics market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
·
Israel Hydroponics Market, By
Type:
o
Aggregate Systems
o
Liquid Systems
·
Israel Hydroponics Market,
By Equipment:
o
HVAC
o
LED Grow Light
o
Control Systems
o
Irrigation Systems
o
Others
·
Israel Hydroponics Market,
By Input:
o
Nutrient
o
Growth Media
·
Israel Hydroponics Market,
By Farming
Method:
o
Indoor
§
By Type
§
By Equipment
§
By Input
§
By Crop Type
o
Outdoor
§
By Type
§
By Equipment
§
By Input
§
By Crop Type
·
Israel Hydroponics Market,
By Crop
Type:
o
Fruits & Vegetables
o
Flowers & Turfs
o
Others
·
Israel Hydroponics Market,
By Region:
o
The Mediterranean Coastal Plain
o
The Central Hills
o
The Jordan Rift Valley
o
The Negev Desert
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present Israel Hydroponics Market
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players (up to
five).
Israel Hydroponics Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]