Already worth USD $ 8.1 billion in 2019, experts estimate that the market for hydroponics will grow up to USD $16.0 billion by 2025. The method provides higher production of nutritionally superior quality produce than traditional farming by eliminating pesticides and artificial ripening.
These technologies have caught the attention of many new, innovative start-ups in the agriculture industry and already established companies are scrambling to compete more than ever in the rapidly developing hydroponics sector.
Higher production than traditional farming:
As the population continues to grow, we will need to keep up with food demands. According to the Food and Agriculture Organization of the United Nations (FAO), in order to feed an
increasing world population, food production must increase by 70%. However, arable land and water resources are decreasing at a fast pace. The
growth in food production will have to take place within the existing farm land available and alternative types of farming must be implemented worldwide. This is where the hydroponic system comes in. By using resources in an effective way less water is used and farming can be successful even where no arable land exists. UN studies have shown that this system’s production is 2 to 5 times higher than traditional agriculture, due to an increase in yield by 20-25%.
WHAT IS GREENHOUSE FARMING
Greenhouse farming is a modern way of growing fruits and vegetables in an artificially controlled environment that ensures reduced susceptibility to
diseases and increased crop yields. Plants are fed nutrients through a drip irrigation system, grown in the most suitable conditions which allows each
plant to maximize fruit and vegetable production.
ADVANTAGES OF GREENHOUSE FARMING
High produce yields.
Reduced threat of disease.
Reduced labor costs.
Water conservation.
Consistent crop production regardless of the
season and weather conditions.
More controlled environment.