Paper Title
FUTURE AND CURRENT PROSPECTS OF HYDROPONICS MARKET IN INDIA
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Registration ID: IJNRD_194403
Published ID: IJNRD2305168
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Keywords
India Hydroponics Market, Positives, Demand Controlled requirements, lack of agricultural land, Sustainability, High setup costs for industrial players, Challenges
Abstract
Hydroponics is an innovative and sustainable technique for growing plants in a soil-less medium using nutrient-rich water solutions. The current state and potential growth of the Indian hydroponics market are examined in this research Article. Hydroponic systems give plants a regulated environment to grow in, resulting in crops of greater quality that are unaffected by pests, the environment, or illnesses carried by the soil. As a result, hydroponics is expanding in popularity in India since it provides a more dependable and effective method of growing crops. Also, compared to conventional farming techniques, hydroponics utilizes substantially less water and land, making it an effective use of resources. The sector is anticipated to continue expanding quickly due to several causes, including the increasing demand for high-value crops, the scarcity of farming land, and the requirement for sustainable agricultural practices. The hydroponics market size and trends in India are examined. About 70% of the hydroponics market is dominated by the vegetable segment, with hydroponically grown vegetables being in high demand because of their superior nutritional value, consistent quality, and accessibility. In the following years, it is anticipated that demand for flowers, herbs, and vegetables cultivated hydroponically will rise dramatically. Only a few monopolistic large companies make up most of the hydroponics industry in India, which is dominated by small and medium-sized businesses. The hydroponics sector does, however, confront several difficulties, including the high cost of setting up hydroponic farms, farmers' ignorance of the technology, and limited government assistance. Despite these obstacles, it is anticipated that government initiatives to support vertical farming and the creation of effective technologies will hasten the growth of the hydroponics market in India. The goal of this paper is to raise people's knowledge of the hydroponics market's size and potential while also enticing them to develop hydroponic gardens, even on their balconies or terraces. Overall, this study emphasizes the rise in hydroponics demand in India and the necessity of sustainable farming methods to counteract risks to people's lives from food and pollution.
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How To Cite (APA)
Priyam Sen, Puja Kumari, & Priyanka Chandra (May-2023). FUTURE AND CURRENT PROSPECTS OF HYDROPONICS MARKET IN INDIA. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(5), b532-b540. https://ijnrd.org/papers/IJNRD2305168.pdf
Issue
Volume 8 Issue 5, May-2023
Pages : b532-b540
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Paper Reg. ID: IJNRD_194403
Published Paper Id: IJNRD2305168
Research Area: Management
Author Type: Indian Author
Country: Guwahati, Assam, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2305168.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2305168
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