Hydroponics Market Report, Global Market Share, Trend Analysis & Forecast

Hydroponics Market Report, By Type (Aggregate Hydroponic System, Liquid Hydroponic System), Equipment (HVAC, LED Grow Light, Irrigation Systems, Material Handling, Control Systems), Crop Type (Tomato, Lettuce & Leafy Vegetables, Pepper, Cucumber) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : ag2092 | Publish Date : Upcoming | Industry : Agriculture | Geography : Global

Hydroponics is a method of growing plants in water and nutrients, without using soil as a base. This method is attaining speedy popularity, as cultivators can gain higher yields with each harvest. The new advances in urban farming and the rise of vertical farming technology have further accelerated the growth of this market. Hydroponic systems have been a combination of multiple technologies and hence encompass a specific set of system models. Hydroponic plant grows at a faster rate as compared to a soil plant, when grown under same conditions. The nutrients in a hydroponic system are treated with water and sent to the root system. Besides, hydroponic gardening entails less water than soil gardening as they constantly use nutrient solutions.

Hydroponics Market Outlook

One of the significant market drivers for the hydroponic industry is the higher yield in comparison to traditional agricultural techniques. Increase in the consumption of exotic, salad crops and the requirement for global food security is likely to fuel the market. Lack of scientific knowledge concerning the no-soil agriculture system and high setup cost is prophesied to restrain the market growth to some extent. Nevertheless, augmented cultivation of medicinal plants and variations in farming approach may strengthen future growth opportunities for the industry. 

Hydroponics Market Segmental Overview

The report analyses global hydroponics market based on type, equipment, crop type and geography. 

Hydroponics Market by Type 

Aggregate systems and Liquid systems are the two major techniques used in the hydroponic industry. Aggregate systems use a grow media for plant growth support and nutrition, whereas liquid hydroponic systems do not require a grow media. Owing to their higher efficacy and productivity obtained, liquid systems have been in high demand among the gardeners for vegetable cultivation. Further, aggregate systems are categorised into closed systems and open systems. 

Hydroponics Market by Equipment 

HVAC, LED Grow Light, Irrigation Systems, Material Handling, Control Systems etc. are the various equipment required for hydroponic farming. The light spectrum emitted by LED lights has proven to be effective in inspiring plant growth and is observing increased demand from hydroponic growers. The mounting acceptance and need for LED grow lights have resulted in the ban of older and inefficient halogen units in the European Union from September 2018. These factors are further projected to drive the demand for LED grow lights. 

Hydroponics Market by Crop Type 

Various plants like tomatoes, lettuce and leafy vegetables, pepper, cucumber and others including spinach, kale, strawberries, peppers, beets can be grown with hydroponics farming. 

Hydroponics Market by Geography 

Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. The hydroponics market in Europe is likely to spectate significant growth during the forecast period owing to the growing adoption of CEA for horticultural crops and increasing development of new innovative technologies that target specific crop needs. The implementation of hydroponics has been the highest in the Netherlands, followed by Spain and Turkey. According to industry experts, almost 90% of the greenhouses in the Netherlands are converted to hydroponic structures, and a majority of this area is used for flower and vegetable cultivation. Though the area under cover is high in Spain, Italy, and France, the adoption of hydroponics across these greenhouses is not more than 20% in these countries, thereby offering reasonable growth potential for this region.

Hydroponics Market Key Players

The major players involved in this market are Hydrofarm Inc., Lumigrow Inc., Argus Control Systems Ltd., General Hydroponics Inc., Hydrodynamics International Inc., Greentech Agro Inc., Heliospectra AB, Logiqs B.V., and Koninklijke Philips NV among others.

Why to buy this report:

  • The report offers changing market dynamics in the Hydroponics, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Hydroponics market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Hydroponics market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Hydroponics market