South Korea Soilless Culture Market was valued at USD 2 Billion in 2022 and is projected to reach USD 4 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The South Korea Soilless Culture Market is gaining significant momentum due to its sustainable agricultural practices and its contribution to urban farming solutions. This innovative approach, which includes hydroponics, aeroponics, and aquaponics, is transforming the agricultural landscape, especially in areas where arable land is limited. Soilless culture techniques are not only reducing the dependency on traditional farming methods but also ensuring efficient use of resources like water and space.
South Korea's adoption of soilless culture is driven by the country's growing urban population and limited land for conventional agriculture. According to recent statistics, the soilless culture market in South Korea is projected to expand rapidly, with the market size expected to grow at a compound annual growth rate (CAGR) of over 10% in the coming years. This rapid expansion is fueled by the demand for fresh, local produce and the need to minimize environmental impacts associated with traditional farming.
Industries require specific factors from the soilless culture market to optimize production. For instance, the agriculture technology (AgTech) sector needs access to advanced systems that ensure precise control over variables like nutrient levels, pH balance, and water quality. Companies involved in producing and distributing hydroponic systems are also looking for streamlined supply chains, efficient logistics, and competitive pricing to meet the rising demand.
The food industry, on the other hand, requires consistent, high-quality yields from soilless culture setups to maintain product quality. It is crucial for the produce to be fresh, nutrient-dense, and grown without harmful chemicals, which is a significant advantage of soilless farming. Restaurants, supermarkets, and food manufacturers are increasingly sourcing from these farms to offer healthy, locally grown produce to consumers.
As the demand for sustainable farming solutions continues to rise, South Korea's soilless culture market is set to play a pivotal role in shaping the future of agriculture in the region. From small-scale urban farms to large commercial operations, soilless culture offers a promising solution to the challenges of traditional farming, particularly in densely populated urban environments.
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Advanced Nutrients
Bertels B.V
General Hydroponics
HydroGarden Wholesale Supplies
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Soilless Culture Market
Vegetables
Fruits
Herbs
Flowers
Aeroponics
Hydroponics
Aquaponics
Fertigation
Growing Medium
System Equipment
Control Systems
Plant Nutrients
Commercial
Residential
Research & Development
Agriculture
Horticulture
Landscaping
Urban Farming
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Soilless Culture Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Soilless Culture Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Soilless Culture Market, By Type
6. South Korea Soilless Culture Market, By Application
7. South Korea Soilless Culture Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Soilless Culture Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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