Israel Hydroponics Market Industry Trends & Forecast Report, 2029
Scarcity of arable land, water conservation efforts, increasing demand for fresh produce, advanced agricultural technologies, government support, and growing adoption of sustainable farming practices are propelling the growth of Israel Hydroponics Market during the forecast period between 2023 and 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Israel hydroponics market size at USD 20.07 million in 2022. During the forecast period between 2023 and 2029, Israel hydroponics market size is to grow at a robust CAGR of 8.24% reaching a value of USD 32.29 million by 2029. Growing consumer awareness of environmental and health issues, as well as the need for organic and locally sourced produce, are the main reasons propelling the expansion of the hydroponics business in Israel. Urban farming, community-supported agriculture (CSA), and farmers' markets have increased as a result of this. Environmentally friendly and sustainable practices are also gaining popularity, with a focus on integrated pest management, effective irrigation methods, and water saving. There is a rise in vertical farming and indoor gardening, which take advantage of cutting-edge technology like hydroponics and aquaponics. As more people spend money on enhancing the appearance of their homes and outside spaces, the market is shifting in favor of ornamental plants and landscaping services.
Israel Hydroponics Market – Overview
Hydroponics is a soil-less method of growing plants that utilizes water-based nutrient solutions. It involves cultivating plants in a controlled environment, such as a greenhouse or indoor setup, where the roots are submerged or misted with nutrient-rich water. The absence of soil allows for precise control over plant nutrition and growth conditions. Hydroponics offers numerous benefits, including increased crop yields, efficient water usage, faster growth rates, and the ability to grow plants in areas with limited arable land. This technique is widely employed in commercial agriculture as well as home gardening, offering a sustainable and innovative approach to modern plant cultivation.
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Impact of COVID-19 on Israel Hydroponics Market
Amid the COVID-19 pandemic, the hydroponics market in Israel experienced a significant positive impact. As traditional agriculture faced disruptions, hydroponics, a soilless farming technique, gained traction. With hydroponics' ability to optimize space, conserve water, and minimize labor, Israeli farmers swiftly embraced this innovative approach. The pandemic-induced restrictions and uncertainties highlighted the importance of local food production and food security, further boosting the hydroponics sector. Israel's advanced technological expertise in agriculture and strong government support also contributed to its growth. Hydroponics not only ensures a stable supply of fresh produce but also reduces reliance on imports, making it a sustainable solution for Israel's food needs.
Israel Hydroponics Market – By Farming Type
Based on farming type, Israel hydroponics market is split into Indoor and Outdoor segments. Indoor hydroponics refers to the practice of growing plants in controlled environments, such as greenhouses or warehouses, using artificial lighting, climate control systems, and nutrient solutions. This segment is gaining popularity due to its ability to overcome the limitations of traditional agriculture, allowing year-round cultivation and enhanced crop yields. On the other hand, outdoor hydroponics involves growing plants in open fields or protected structures, utilizing natural sunlight and weather conditions while implementing hydroponic techniques. While both segments contribute to Israel's hydroponics market growth, the indoor segment holds the larger share, driven by its ability to optimize production, minimize environmental impact, and provide consistent crop quality regardless of external factors.
Competitive Landscape
Israel hydroponics market is fiercely competitive. Major companies in the market include GrowPonics Limited, LivinGreen, Ariel Global Links Limited, Growee Smart Hydroponics, Teshuva Agricultural Projects Ltd, Netafim, Greentech Agro, Roots Sustainable Agricultural Technologies, Seedo Corp, and Green Automation.
These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Israel hydroponics market.
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