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About The Icon:
Mr. Abhishek Singh is an expert in Hydroponic farming. He is a B.Tech and has given many lectures in the horticulture department, for more than 5 years he is into this business.
He is running 4 hydroponic centres right now. He owns one office and one training centre. The core concept of hydroponic farming is growing crops directly in nutrient-rich water rather than soil. Hydroponics is practiced in a temperature-controlled environment like a greenhouse or an indoor vertical farm. Sales promotion methods you choose are also vital in determining the success of the business.
Our customers range in a wide spectrum. The consumer markets for hydroponically produced fruits and vegetables include retails and hotels, fast food chains, railway catering, foreign food service companies, defense establishments, and NGOs. However, lack of awareness among the farming communities regarding hydroponics and high initial investment and maintenance cost associated with hydroponics technology are major factors hindering the growth of the Hydroponics market globally during forecast period.
This sector has experienced a high growth rate. By product type, the Indian Hydroponics market is segmented into fruits, vegetables and flowers. The rapidly growing Indian hydroponic market valued Rs. 35Cr in 2019. The market is anticipated to register a CAGR of 7.8% during the forecast period. Additionally, with the increasing success rates associated with the commercial hydroponics industry and the increasing difficulty of growing crops on soil, the hydroponics market is expanding exponentially.
Key Learnings from The Icon:
What are the advantages and disadvantages of Hydroponic farming?
Advantages: it requires no soil. Growth is faster and production is more. Vertical farming is involved so requires less space. Water Usage is 1/10th of the traditional farming. Effective-production.
Disadvantages: Capital intensive method. Lower or middle-class farmers can not adopt this method. Climate control playhouses are required.
What are the costs involved in opening a hydroponic farm business?
You need a space to grow your produce and other items. Most hydroponic farms require a greenhouse. Greenhouses can be built, rented, or purchased in all different sizes. Seeds, water solvent, lighting, grow tunnels, climate control systems, UV filtration, racks, and nutrient reservoirs are also required.