Hydroponics Market Size, Share, Growth Report 2032

Hydroponics Market

Hydroponics Market Crop Type (Strawberry, Lettuce & Leafy Greens, Tomato, Pepper, Cucumber, and Others), Input Type (Growth Medium (Erlite & Vermiculite, Rock Wool, Coco Fiber, Grow Rocks, and Others), Nutrients (Micronutrients, Macronutrients)), Type (Liquid Hydroponic Systems (Floating Hydroponics, Nutrient Film Technique, Aeroponics), Aggregate Hydroponic Systems) ), Equipment (Irrigation Systems, HVAC, Control Systems, Communication Technology, Led Grow Light, Material Handling, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1204 Published Date: Feb-2021 Status : Published

According to the report published by Zion Market Research, global demand for the hydroponics market was estimated at approximately USD 8,530.0 Million in 2019 and is anticipated to generate revenue of around USD 18,000.0 Million by end of 2026, growing at a CAGR of around 11.3% between 2020 and 2026.

Global Hydroponics Market: Overview

According to the report published by Zion Market Research, global demand for the Hydroponics Market was estimated at approximately USD 8,530.0 Million in 2019 and is anticipated to generate revenue of around USD 18,000.0 Million by end of 2026, growing at a CAGR of around 11.3% between 2020 and 2026.

Technology is used to grow crop production without soil and nutrient-rich solutions. Plants are grown in the mineral nutrient solution and soil-less conditions known as hydroponics. Traditionally, crops were grown in a particular climate condition but in hydroponics, they are grown in a controlled environment system. Hydroponics uses two methods to grow crops solid medium culture and solution culture. However, solution culture is gaining popularity across the world.

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Global Hydroponics Market: Growth Factors

The hydroponic industry is experiencing higher growth as compared to traditional agricultural techniques; this is a major factor in the global hydroponics market. Salad crops are gaining popularity and the increasing need for food security may drive global market growth. Changing preferences of people for hydroponics as profit farming is the primary factor impelling the growth of the global market. Moreover, a growing focus on the cultivation of medicinal plants and a customized farming approach is anticipated to offer new growth opportunities for the industry. Companies are focusing on enhancing crop production by accepting the hydroponics method. Moreover, large spending on R&D activities and new product launches may expand the market. Conversely, a lack of awareness regarding hydroponics and huge initial investment may hamper the global market growth to some extent.

Global Hydroponics Market: Segmentation

The global hydroponics market is categorized based on crop type as the lettuce & leafy greens, strawberry, pepper, tomato, cucumber, and others. Based on the input type, the global market is divided into nutrients and growth medium. The nutrients segment is sub-segmented as micronutrients, and macronutrients. However, the growth medium is further sub-segmented as rock wool, perlite & vermiculite, grow rocks, coco fiber, and others. Moreover, the global market is fragmented based on type as aggregate hydroponic systems, and liquid hydroponic systems. The liquid hydroponic system is further sub-segmented as nutrient film technique, floating hydroponics, and aeroponics. Furthermore, the global hydroponics market is segregated based on equipment such as HVAC, irrigation systems, communication technology, control systems, material handling, LED grow lights, and others.

Global Hydroponics Market: Regional Analysis

Traditionally, Europe is considered the largest market as it highly adopts hydroponic smart greenhouse horticulture. The European market is dominated by the countries such as France, the Netherlands, and Spain. The Asia Pacific emerges as the second-largest market for hydroponics and is anticipated to grow at a significant rate. North America is the major consumer of hydroponics where it is followed by Canada and the United States.

Global Hydroponics Market: Competitive Players

Major players operating in the global hydroponics market are Pegasus Agritech, Thanet Earth, Lumigrow, Inc., Growlife, Hydrodynamics International, Inc., KUBO Greenhouse Projects, Koninklijke Philips NV, Circle Fresh Farms, General Hydroponics, Inc., and HortiMaX. Other players include Terra Tech, Valoya, Village farms international, James Foskett farms, Hydrofarm, Inc., FormFlex, BrightFarms, Logiqs B.V., Greentech Agro, Llc, American Hydroponics, Inc., Heliospectra AB, Argus Controls, and FormFlex.

 Hydroponics Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The hydroponic industry is experiencing a higher growth as compared to traditional agricultural techniques; this is a major factor of the global hydroponics market. Salad crops are gaining popularity and the increasing need for food security may drive global market growth. Changing preferences of people for hydroponics as profit farming is the primary factor impelling the growth of the global market.

According to Zion Market Research, the global demand for the hydroponics market is expected to generate revenue of around USD 18,000.0 Million by end of 2026, growing at a CAGR of around 11.3% between 2020 and 2026.

Europe is considered the largest market as it highly adopts hydroponic smart greenhouse horticulture. The European market is dominated by the countries such as France, Netherlands, and Spain.

Major players operating in the global hydroponics market are Pegasus Agritech, Thanet Earth, Lumigrow, Inc., Growlife, Hydrodynamics International, Inc., KUBO Greenhouse Projects, Koninklijke Philips NV, Circle Fresh Farms, General Hydroponics, Inc., and HortiMaX. Other players include Terra Tech, Valoya, Village farms international, James foskett farms, Hydrofarm, Inc., FormFlex, BrightFarms, Logiqs B.V., Greentech Agro, Llc, American Hydroponics, Inc., Heliospectra AB, Argus Controls, and FormFlex.

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