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

Published Date: 25-Feb-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1204 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.

Description

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

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 the controlled environment system. Hydroponics uses two methods to grow crops as solid medium culture and solution culture. However, solution culture is gaining popularity across the world.

Global Hydroponics Market: Growth Factors

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 the 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 in R&D activities and new product launches may expand the market. Conversely, 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 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 as HVAC, irrigation systems, communication technology, control systems, material handling, LED grow light, 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, 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 Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Hydroponics Market, 2016 – 2026 (USD Million)
    • 3.2.Global Hydroponics Market: Snapshot
  • Chapter 4.Hydroponics Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Hydroponics
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Hydroponics Market Attractiveness, By Crop Type
    • 5.2.Global Hydroponics Market Attractiveness, By Input Type
    • 5.3.Global Hydroponics Market Attractiveness, By Type
    • 5.4.Global Hydroponics Market Attractiveness, By Equipment
    • 5.5.Global Hydroponics Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Hydroponics Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Hydroponics Market – Crop Type Segment Analysis
    • 7.1.Global Hydroponics Market Overview: by Crop Type
      • 7.1.1.Global Hydroponics Market Revenue Share, by Crop Type , 2019 & 2026
    • 7.2.Global Hydroponics Market Analysis/Overview – By Crop Type
      • 7.2.1.Strawberry – Overview/Analysis
      • 7.2.2.Lettuce & Leafy Greens – Overview/Analysis
      • 7.2.3.Tomato – Overview/Analysis
      • 7.2.4.Pepper – Overview/Analysis
      • 7.2.5.Cucumber – Overview/Analysis
      • 7.2.6.Others – Overview/Analysis
    • 7.3.Strawberry
      • 7.3.1.Global Hydroponics Market for Strawberry, Revenue (USD Million) 2016 - 2026
    • 7.4.Lettuce & Leafy Greens
      • 7.4.1.Global Hydroponics Market for Lettuce & Leafy Greens, Revenue (USD Million) 2016 - 2026
    • 7.5.Tomato
      • 7.5.1.Global Hydroponics Market for Tomato, Revenue (USD Million) 2016 - 2026
    • 7.6.Pepper
      • 7.6.1.Global Hydroponics Market for Pepper, Revenue (USD Million) 2016 - 2026
    • 7.7.Cucumber
      • 7.7.1.Global Hydroponics Market for Cucumber, Revenue (USD Million) 2016 - 2026
    • 7.8.Others
      • 7.8.1.Global Hydroponics Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 8.Hydroponics Market – Input Type Segment Analysis
    • 8.1.Global Hydroponics Market Overview: by Input Type
      • 8.1.1.Global Hydroponics Market Revenue Share, by Input Type, 2019 & 2026
    • 8.2.Global Hydroponics Market Analysis/Overview – By Input Type
      • 8.2.1.Growth Medium – Overview/Analysis
      • 8.2.2.Nutrients – Overview/Analysis
    • 8.3.Growth Medium
      • 8.3.1.Global Hydroponics Market for Growth Medium, Revenue (USD Million) 2016 - 2026
    • 8.4.Nutrients
      • 8.4.1.Global Hydroponics Market for Nutrients, Revenue (USD Million) 2016 - 2026
  • Chapter 9.Hydroponics Market – Type Segment Analysis
    • 9.1.Global Hydroponics Market Overview: by Type
      • 9.1.1.Global Hydroponics Market Revenue Share, by Type, 2019 & 2026
    • 9.2.Global Hydroponics Market Analysis/Overview – By Type
      • 9.2.1.Liquid Hydroponic Systems – Overview/Analysis
      • 9.2.2.Aggregate Hydroponic Systems – Overview/Analysis
    • 9.3.Liquid Hydroponic Systems
      • 9.3.1.Global Hydroponics Market for Liquid Hydroponic Systems, Revenue (USD Million) 2016 - 2026
    • 9.4.Aggregate Hydroponic Systems
      • 9.4.1.Global Hydroponics Market for Aggregate Hydroponic Systems, Revenue (USD Million) 2016 - 2026
  • Chapter 10.Hydroponics Market – Equipment Segment Analysis
    • 10.1.Global Hydroponics Market Overview: by Equipment
      • 10.1.1.Global Hydroponics Market Revenue Share, by Equipment, 2019 & 2026
    • 10.2.Global Hydroponics Market Analysis/Overview – By Equipment
      • 10.2.1.Irrigation Systems – Overview/Analysis
      • 10.2.2.HVAC – Overview/Analysis
      • 10.2.3.Contrul Systems – Overview/Analysis
      • 10.2.4.Communication Technulogy – Overview/Analysis
      • 10.2.5.LED Grow Light – Overview/Analysis
      • 10.2.6.Material Handling – Overview/Analysis
      • 10.2.7.Others – Overview/Analysis
    • 10.3.Irrigation Systems
      • 10.3.1.Global Hydroponics Market for Irrigation Systems, Revenue (USD Million) 2016 - 2026
    • 10.4.HVAC
      • 10.4.1.Global Hydroponics Market for HVAC, Revenue (USD Million) 2016 - 2026
    • 10.5.Contrul Systems
      • 10.5.1.Global Hydroponics Market for Contrul Systems, Revenue (USD Million) 2016 - 2026
    • 10.6.Communication Technulogy
      • 10.6.1.Global Hydroponics Market for Communication Technulogy, Revenue (USD Million) 2016 - 2026
    • 10.7.LED Grow Light
      • 10.7.1.Global Hydroponics Market for LED Grow Light, Revenue (USD Million) 2016 - 2026
    • 10.8.Material Handling
      • 10.8.1.Global Hydroponics Market for Material Handling, Revenue (USD Million) 2016 - 2026
    • 10.9.Others
      • 10.9.1.Global Hydroponics Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Hydroponics Market – Regional Analysis
    • 11.1.Global Hydroponics Market: Regional Overview
      • 11.1.1.Global Hydroponics Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Hydroponics Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Hydroponics Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Hydroponics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Hydroponics Market Revenue, by Crop Type , 2016 – 2026
      • 11.2.4.North America Hydroponics Market Revenue, by Input Type, 2016 – 2026
      • 11.2.5.North America Hydroponics Market Revenue, by Type, 2016 – 2026
      • 11.2.6.North America Hydroponics Market Revenue, by Equipment, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Hydroponics Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Hydroponics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Hydroponics Market Revenue, by Crop Type , 2016 – 2026
      • 11.3.4.Europe Hydroponics Market Revenue, by Input Type, 2016 – 2026
      • 11.3.5.Europe Hydroponics Market Revenue, by Type, 2016 – 2026
      • 11.3.6.Europe Hydroponics Market Revenue, by Equipment, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Hydroponics Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Hydroponics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Hydroponics Market Revenue, by Crop Type , 2016 – 2026
      • 11.4.4.Asia Pacific Hydroponics Market Revenue, by Input Type, 2016 – 2026
      • 11.4.5.Asia Pacific Hydroponics Market Revenue, by Type, 2016 – 2026
      • 11.4.6.Asia Pacific Hydroponics Market Revenue, by Equipment, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Hydroponics Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Hydroponics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Hydroponics Market Revenue, by Crop Type , 2016 – 2026
      • 11.5.4.Latin America Hydroponics Market Revenue, by Input Type, 2016 – 2026
      • 11.5.5.Latin America Hydroponics Market Revenue, by Type, 2016 – 2026
      • 11.5.6.Latin America Hydroponics Market Revenue, by Equipment, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Hydroponics Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Hydroponics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Hydroponics Market Revenue, by Crop Type , 2016 – 2026
      • 11.6.4.The Middle-East and Africa Hydroponics Market Revenue, by Input Type, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Hydroponics Market Revenue, by Type, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Hydroponics Market Revenue, by Equipment, 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Thanet Earth
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfulio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.Pegasus Agritech
    • 12.3.Growlife, Lumigrow, Inc.
    • 12.4.Koninklijke Philips NV
    • 12.5.Hydrodynamics International, Inc.
    • 12.6.General Hydroponics, Inc.
    • 12.7.Circle Fresh Farms
    • 12.8.KUBO Greenhouse Projects
    • 12.9.HortiMaX
    • 12.1.Terra Tech
    • 12.11.James foskett farms
    • 12.12.Valoya
    • 12.13.Village farms international
    • 12.14.FormFlex
    • 12.15.Hydrofarm, Inc.
    • 12.16.Logiqs B.V.
    • 12.17.BrightFarms
    • 12.18.American Hydroponics, Inc.
    • 12.19.Greentech Agro, Llc
    • 12.2.Argus Contruls
    • 12.21.Heliospectra AB
    • 12.22.FormFlex

Methodology


Frequently Asked 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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