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 the 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.
The Important Factors of the Israel Hydroponics Market
This is ascribed to rising urbanization, water scarcity, and increasing population, among others. More than 2 million people living in Israel battle 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 setups is quite high 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 systems among indoor farmers, their cost-effectiveness, and easy-to-use properties.
Based on equipment, the market is divided into HVAC, LED grows lights, 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 grow at a significant rate. This is due to its usage to grow crops without soil.
Based on farming methods, 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. The fruits & vegetable 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 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 the 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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