loader
report-image

Nutrient Film Technique Piping Market Size, Industry Analysis Report By type (Steel, Plastic), By application (Vegetable hydroponics, Fruit hydroponics) & Region – Forecasts

  • PUBLISHED ON
  • 30/08/2022
  • NO OF PAGES
  • 263
  • CATEGORY
  • Agriculture

Market Overview

The global Nutrient Film Technique Piping market was valued at USD 953.45 million in 2022 and expected to grow at a CAGR of 3.3% during the forecast period. Nutrient Film Technique (NFT) is a hydroponic system used for growing plants in a continuous flow of nutrient-rich water. NFT piping is a component of this system that provides a narrow channel for the nutrient solution to flow through, delivering the necessary nutrients to the plant roots. The nutrient solution is usually recycled and continuously supplied to the plant roots. This method of hydroponic growing is popular in urban farming and greenhouse systems, as it requires less water, fertilizer, and space than traditional soil-based farming. The NFT piping system is also relatively easy to set up and maintain, making it a popular choice for both commercial and hobby growers.

The nutrient film technique (NFT) piping market is expected to witness significant growth due to the rising demand for high-quality crops and increasing adoption of hydroponic farming practices. NFT piping is a widely used hydroponic system that provides an efficient and cost-effective method of growing plants in a soilless environment.

The increasing awareness about sustainable farming practices and the need to reduce water consumption are also driving the growth of the NFT piping market. NFT piping systems use less water compared to traditional farming methods, making them an ideal solution for water-stressed regions.

However, high installation and maintenance costs, as well as the need for technical expertise, may act as a barrier to the growth of the NFT piping market. Additionally, the lack of awareness about hydroponic farming practices among farmers and the absence of supportive government policies in certain regions may also hinder the market growth.

Overall, the NFT piping market is expected to grow steadily in the coming years due to the increasing demand for high-quality crops and sustainable farming practices.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 953.45 Million

Market Forecast in 2031

USD 1,397.63 Million

CAGR % 2023-2031

3.3%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2031

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By type (Steel, Plastic), By application (Vegetable hydroponics, Fruit hydroponics)

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Alweco, Codema,Hangzhou China Agrotime Agri-Tech, Haygrove, Idroterm Serre, Meteor Systems, Anasayfa Onurplas, and Rufepa.

 

 

Impact of COVID

The COVID-19 pandemic has affected various industries globally, and the Nutrient Film Technique Piping market is no exception. The market has experienced a mixed impact due to the pandemic. On one hand, the demand for fresh produce and healthy food has increased, leading to a surge in hydroponic farming and subsequently, the demand for Nutrient Film Technique Piping systems. On the other hand, the restrictions on transportation and logistics have led to supply chain disruptions, affecting the availability of raw materials and hindering market growth. Additionally, the economic slowdown caused by the pandemic has impacted the purchasing power of consumers, resulting in reduced demand for hydroponic systems, including Nutrient Film Technique Piping. However, as the situation improves and economies recover, the market is expected to regain its growth trajectory.

Type Insights

Steel piping is durable, strong and can withstand high temperatures, which makes it a popular choice in large-scale hydroponic systems. On the other hand, plastic piping is lightweight, corrosion-resistant, and easy to install, making it a more cost-effective option for small-scale hydroponic systems.

The market share between steel and plastic piping can vary depending on the application and size of the hydroponic system.

Application Insights

Vegetable hydroponics involves the cultivation of vegetables in a soilless system, where the roots of the plant are placed in a nutrient-rich solution. Nutrient film technique piping is widely used in vegetable hydroponics as it allows for a continuous flow of nutrients to the roots, resulting in faster growth and higher yields. Commonly grown vegetables using NFT piping include lettuce, spinach, and herbs.

Fruit hydroponics involves the cultivation of fruits in a soilless system. While it is less common than vegetable hydroponics, NFT piping can still be used in fruit hydroponics for certain crops such as strawberries, melons, and tomatoes. NFT piping offers benefits such as faster growth and better control over nutrient levels, leading to higher quality fruit yields.

Regional Insights

North America: North America has a well-established hydroponics industry, and NFT piping is widely used in the region. The United States is the largest market for NFT piping in North America, with a growing number of commercial hydroponic farms adopting the NFT system.

Europe: Europe is another mature market for hydroponics, and the NFT system is gaining traction in the region. Countries like the Netherlands and Spain have a high adoption rate of NFT piping due to their large greenhouse industries.

Asia Pacific: The Asia Pacific region is emerging as a significant market for hydroponics due to the increasing demand for fresh produce and the growing adoption of vertical farming practices. China, Japan, and Australia are some of the major countries in the region where NFT piping is being adopted.

Middle East and Africa (MEA): The MEA region has a significant potential for NFT piping adoption due to the favorable climatic conditions for hydroponic farming. Countries like the UAE and Israel are at the forefront of hydroponic farming and have a high adoption rate of the NFT system.

Latin America: Latin America is a growing market for hydroponic farming, and the NFT system is gaining popularity in the region. Countries like Mexico and Brazil have a growing number of commercial hydroponic farms that are adopting the NFT system.

Competitive Analysis

Some of the major companies operating within the market are Alweco, Codema,Hangzhou China Agrotime Agri-Tech, Haygrove, Idroterm Serre, Meteor Systems, Anasayfa Onurplas, and Rufepa. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Nutrient Film Technique Piping globally.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

Frequently Asked Questions

·         What is the market size and growth projections?

·         What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?

·         What are the top performing segments, and countries / regions of each of the markets?

·         What is the market size and growth rate across key countries / regions?

·         How big is the global & regional market in terms of revenue and volume?

·         How far market will grow in forecast period in terms of revenue and volume?

·         What factors will influence demand and supply trends across each markets during the forecast period?

·         What are the technology trends shaping various markets?

·         Which country / region has more opportunities?

·         What is the COVID-19 impact on the market and how long will it take to recover?

·         Who are the key competitors of market Players?

·         What are the market share (%) of Key Players?

·         What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?

·         What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

 

 

 


Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $4750

Only Four Thousand Seven Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5750

Only Five Thousand Seven Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $7750

Only Seven Thousand Seven Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI