Demand for Hydroponic Veggies on the Rise
The hydroponic produce market has seen impressive growth over the past few years, and it is expected to continue to grow. Consumers’ awareness about the advantages of this form of cultivation has definitely propelled the market. And they are increasingly demanding locally grown vegetables.
According to a recent report published by Transparency Market Research, the leading companies in the global hydroponic vegetables market are AMCO Produce Inc., Village Farms International Inc., Soave Enterprises LLC and Thanet Earth Ltd. These companies’ growing success is attributed to a continued focus on investing in advanced technologies such as adopting computer-controlled drip irrigation systems and shrink wrapping.
Out of all the various vegetables, the report notes that the lettuce segment is projected to lead the market in coming years. The report also states that the emerging trend of farmer’s markets, increasing number of community-sponsored agriculture initiatives and growing adoption of direct-to-consumer distribution are expected to work in the favor of the hydroponic vegetables market.
Are you still on the fence about adding hydroponic production to your operation? If so, then you might want to read Transparency Market Research’s report. It details all the trends, growth opportunities and forecast in the hydroponic vegetables market. Definitely worth a read! You can access the report here.
Pentair and Urban Organics Open Indoor Farm in Minnesota
Pentair, a global sustainable water solutions company, is partnering with Twin Cities-based Urban Organics to produce 275,000 pounds of fish and 475,000 pounds of organic produce annually in a nearly 90,000-square-foot aquaponics farm in St. Paul. The two companies started working together when Urban Organics opened its first aquaponics farm in St. Paul in 2014. “Our collaboration with Pentair has helped us achieve our vision of creating a new model for urban agriculture that ensures access to healthy foods, while using less than 2 percent of the water consumed by traditional agriculture,” said David Haider, co-founder of Urban Organics. The new farm is expected to be at full capacity in early 2018.
Indoor Ag Firm to Offer Financing for Growers
Indoor agriculture is one of the fastest growing categories in farming, but to date, indoor farmers have lacked access to capital. Newbean Capital, a registered investment advisor, has launched an alternate finance arm, Contain Inc., to remedy this inequity. The venture has partnered with three leading indoor agriculture technology providers to offer lease financing to customers. Partners are: American Hydroponics, Bright Agrotech and CropKing. For more information, go to www.contain.ag.
Online Hydroponics Store Expands Website
Hydroponic Supply USA, a growing online hydroponics store and hydroponic media publisher announced the expansion of its website to include a much broader set of content featuring hydroponics systems, LED grow lights and structure content. As the demand for hydroponics supplies continues to grow, this new content on a mobile-friendly website will continue to evolve and support the needs of customers looking to discover and engage with brands in the hydroponic supplies industry. You can access the website at: www.hydroponicsupplyusa.com.
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