Based on Sigrow market research, Hydroponic market will become one of the highest growth market in the agricultural market. It is expected to reach a total production value of 27 Billion USD worldwide by 2020, compared to almost 18BUSD in 2014 (Research and market, 2015). The annual growth is expected to be at around 17%. With Sigrow Aqua pro version, Sigrow can assure the correct usage of both water, fertilizer and other minerals. The correct usage of resources can be reduced by more than 30%. In any case, Sigrow approach is not to reduce the usage, but to be able to demonstrate that by measuring, the final yield will be maximized.
The objective carried out is a detailed feasibility study in accordance to the purposes and activities already described in Phase I one proposal.
The main outcome of this project is a completed Feasibility report, including a business plan. The report provides a comprehensive perspective of SIGROW project and the estimated results of its implementation within the International market. Specifically, the business plan should detail how SIGROW as a leading product meets the identified need and there is a proper market strategy capable of ensuring the return of investment and company´s high growth.
As a result of phase 2, we will be ready to launch into the market an integration platform that assure the correct usage of both water, fertilizer and other minerals. SIGROW is a disruptive integration which will be able to determine whether the mixture of his fertilizer/liquid fertilizer with water is optimum, and if the mixture that he is giving to the plant is functioning, and not only raising up the salinity level of the plant.
