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Global Hydroponics Market Size, Trends, and Growth Opportunity, By Type (Aggregate and Liquid), Input (Nutrients and Grow Media), Crop Type (Vegetables, Fruits, Flowers, Cannabis, Fodder Crops, and Herbs), Equipment (Heating, Ventilation, and Air Conditioning (HVAC), Led Grow Light, Control System, Irrigation System, Material Handling, Potential of Hydrogen (P.H.) and Carbon Dioxide (CO2) Sensors) By Region and forecast till 2030.


Report ID : IR1002316 | Industries : Chemicals & Materials | Published On :July 2024 | Page Count : 243

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  • Global Hydroponics Market Size, Trends, and Growth Opportunity, By Type (Aggregate and Liquid), Input (Nutrients and Grow Media), Crop Type (Vegetables, Fruits, Flowers, Cannabis, Fodder Crops, and Herbs), Equipment (Heating, Ventilation, and Air Conditioning (HVAC), Led Grow Light, Control System, Irrigation System, Material Handling, Potential of Hydrogen (P.H.) and Carbon Dioxide (CO2) Sensors) By Region and forecast till 2030.
    Global Hydroponics Market
    Global Hydroponics Market was valued at USD 7.46 Billion in 2022 and is slated to reach USD 20.12 Billion by 2030 at a CAGR of 13.20% from 2023-2030.
    Plants are grown hydroponically, which means without soil. Herbs, flowers, and vegetables grown hydroponically are planted in inert material and given access to nutrient-rich solutions, water, and oxygen. By enabling control over environmental factors including pH balance, and temperature, and maximizing exposure to water and nutrients, hydroponic systems function. Stronger yields, quick growth, and greater quality are encouraged by this approach.
    Market Drivers
    The rising popularity of salads and unusual vegetables will probably fuel market expansion throughout the forecast period. Due to rising consumer spending power, there has been an ongoing increase in demand for salads and exotic vegetables. Because commercial farmers are investing more in cutting-edge plantation equipment like hydroponic systems to lower operating costs and boost profits, the growing demand for salads and exotic vegetables is likely to drive up prices for the hydroponic system. Throughout the forecast period, increasing demand for aggregate hydroponics systems is anticipated to drive market expansion. Drip, wick, EBB, and flow systems are a few of the common hydroponic farming techniques. The crop is produced using these technologies on a large scale. As a result, the aggregate hydroponics system is more in demand, which finally accelerates market expansion.
    Market Restraints
    The hydroponics system market is expected to have slow growth from 2023 to 2030 due to farmers' lack of awareness of the benefits of these systems, which include controlled nutrition levels, higher yields, up to 90% more efficient water use, and many more. Because hydroponically grown vegetables develop more quickly than those grown in soil, the high cost of hydroponic systems is another important consideration that will restrain market expansion. In addition, the cost to set up a hydroponics system once is between Rs. 18 87,200 and Rs. 20, 00,000, which would restrain market expansion throughout the forecast period.
    Recent Developments
    The WiZ Wi-Fi-based connected lighting ecosystem's creators, WiZ Connected, were acquired by Signify Holdings in April 2019, according to a statement. Signify hopes to solidify its market dominance in Wi-Fi-based smart lighting with the acquisition of WiZ.
    Market Segmentation
    Global Hydroponics Market is segmented By Type, Input, Crop Type, and Equipment. By Types such as Aggregate and Liquid. By  Input such as Nutrients and Grow Media. By Crop Types such as Vegetables, Fruits, Flowers, Cannabis, Fodder Crops, and Herbs. By Equipment such as Heating, Ventilation, and Air Conditioning (HVAC), Led Grow Light, Control System, Irrigation System, Material Handling, Potential of Hydrogen (P.H.), and Carbon Dioxide (CO2) Sensors.
    Regional Analysis
    Global Hydroponics Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue and market share, Europe dominates the hydroponics system market due to the region's robust government initiatives and growing greenhouse farming technology. Furthermore, the use of highly advanced methods in Europe will accelerate market expansion. Over the forecast period of 2023–2030, the hydroponics system market is expected to develop at the quickest rate in the Asia–Pacific due to the region's expanding demand for fresh food. Also, increased government funding for the construction of hydroponic farms will accelerate market expansion.
    Key Players
    This report includes a list of numerous Key Players, namely Thanet Earth Limited (U.K.), Pegasus Agritech (India), Hydroponic Systems International (Spain), Freight Farms, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), General Hydroponics (U.S.), Village Farms International Inc. (Canada), ROCKWOOL A/S (Denmark), Heliospectra AB (Sweden), Triton Foodworks (India).
    Market Taxonomy  
    By Type
    • Aggregate
    • EBB and Flow System
    • Drip System and Wick System
    • Liquid Deep
    • Water Culture Systems
    • Nutrient Film Techniques (NFT)
    • Aeroponics.
    By Equipment
    • Heating, Ventilation, and Air Conditioning (HVAC)
    • Led Grow Light
    • Control System
    • Irrigation System
    • Material Handling
    • Potential of Hydrogen (P.H.)
    • Carbon Dioxide (CO2) Sensors
    By Input
    • Nutrients
    • NPK (Nitrogen (N), Phosphorus (P) and Potassium (K))
    •  Trace Mineral
    • Other Nutrients
    • Grow Media
    • Clay
    •  Rockwool
    • Coco Coir
    • Perlite and Vermiculite
    • Others.
    • Others
    By Crop Type
    • Vegetables
    • Leafy Greens
    • Peppers
    • Cucumber
    • Tomato
    • Others
    • Fruits
    • Flowers
    • Others
    By Region
    • North America Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa.

    Global Hydroponics Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Hydroponics Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing Economic Downturn
    4.2.6 Post Covid-19 World Supply and Demand Conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Hydroponics Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Hydroponics Market Share Analysis, By Type
    5.3 Global Hydroponics Market Size and Forecast, By Type
    5.3.1 Aggregate
    5.3.2 EBB and Flow System
    5.3.3 Drip System and Wick System
    5.3.4 Liquid Deep
    5.3.5 Water Culture Systems
    5.3.6 Nutrient Film Techniques (NFT)
    5.3.7 Aeroponics.
    6 Global Hydroponics Market, By Equipment
    6.1 Y-o-Y Growth Comparison, By Equipment
    6.2 Global Hydroponics Market Share Analysis, By Equipment
    6.3 Global Hydroponics Market Size and Forecast, By Equipment
    6.3.1 Heating, Ventilation, and Air Conditioning (HVAC)
    6.3.2 Led Grow Light
    6.3.3 Control System
    6.3.4 Irrigation System
    6.3.5 Material Handling
    6.3.6 Potential of Hydrogen (P.H.)
    6.3.7 Carbon Dioxide (CO2) Sensors 
    7 Global Hydroponics Market, By Input
    7.1 Y-o-Y Growth Comparison, By Input
    7.2 Global Hydroponics Market Share Analysis, By Input
    7.3 Global Hydroponics Market Size and Forecast, By Input
    7.3.1 Nutrients
    7.3.2 NPK (Nitrogen (N), Phosphorus (P) and Potassium (K))
    7.3.3 Trace Mineral
    7.3.4 Other Nutrients
    7.3.5 Grow Media
    7.3.6 Clay
    7.3.7 Rockwool
    7.3.8 Coco Coir
    7.3.9 Perlite and Vermiculite
    7.3.10 Others.
    8 Global Hydroponics Market, By Crop Type
    8.1 Y-O-Y Growth Comparison, By Crop Type
    8.2 Global Hydroponics Market Share Analysis, By Crop Type
    8.3 Global Hydroponics Market Size and Forecast, By Crop Type
    8.3.1 Vegetables
    8.3.2 Leafy Greens
    8.3.3 Peppers
    8.3.4 Cucumber
    8.3.5 Tomato
    8.3.6 Others
    8.3.7 Fruits
    8.3.8 Flowers
    8.3.9 Others
    9 Global Hydroponics Market, By Region
    9.1 Global Hydroponics Market Share Analysis, By Region
    9.2 Global Hydroponics Market Share Analysis, By Region
    9.3 Global Hydroponics Market Size and Forecast, By Region
    10 North America Hydroponics Market Analysis and Forecast (2023-2030)
    10.1 Introduction
    10.2 North America Hydroponics Market Share Analysis, By Type
    10.3 North America Hydroponics Market Size and Forecast, By Equipment
    10.4 North America Hydroponics Market Size and Forecast, By Input
    10.5 North America Hydroponics Market Size and Forecast, By Crop Type
    10.6 North America Hydroponics Market Size and Forecast, By Country
    10.6.1 U.S.
    10.6.2 Canada
    10.6.3 Mexico
    11 Europe Hydroponics Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 Europe Hydroponics Market Share Analysis, By Type
    11.3 Europe Hydroponics Market Size and Forecast, By Equipment
    11.4 Europe Hydroponics Market Size and Forecast, By Input
    11.5 Europe Hydroponics Market Size and Forecast, By Crop Type
    11.6 Europe Hydroponics Market Size and Forecast, By Country
    11.6.1 Germany
    11.6.2 France
    11.6.3 UK
    11.6.4. Rest of Europe
    12Asia Pacific Hydroponics Market Analysis and Forecast (2023-2030)
    12.1 Introduction
    12.2 Asia Pacific Hydroponics Market Share Analysis, By Type
    12.3 Asia Pacific Hydroponics Market Size and Forecast, By Equipment
    12.4 Asia Pacific Hydroponics Market Size and Forecast, By Input
    12.5 Asia Pacific Hydroponics Market Size and Forecast, By Crop Type
    12.6 Asia Pacific Hydroponics Market Size and Forecast, By Country
    12.6.1 China 
    12.6.2 Japan
    12.6.3 India
    12.6.4. Rest of Asia Pacific
    13Latin America Hydroponics Market Analysis and Forecast (2023-2030)
    13.1 Introduction
    13.2 Latin America Hydroponics Market Share Analysis, By Type
    13.3 Latin America Hydroponics Market Size and Forecast, By Equipment
    13.4 Latin America Hydroponics Market Size and Forecast, By Input
    13.5 Latin America Hydroponics Market Size and Forecast, By Crop Type
    13.6 Latin America Hydroponics Market Size and Forecast, By Country
    13.6.1. Brazil
    13.6.2.Rest of Latin America
    15Middle East Hydroponics Market Analysis and Forecast (2023-2030)
    15.1 Introduction
    15.2 Middle East Hydroponics Market Share Analysis, By Type
    15.3 Middle East Hydroponics Market Size and Forecast, By Equipment
    15.4 Middle East Hydroponics Market Size and Forecast, By Input
    15.5 Middle East Hydroponics Market Size and Forecast, By Crop Type
    15.6 Middle East Hydroponics Market Size and Forecast, By Country
    15.6.1. Saudi Arabia
    15.6.2. UAE
    15.6.3. Egypt
    15.6.4. Kuwait
    15.6.5. South Africa
    16Competitive Analysis
    16.1 Competition Dashboard
    16.2 Market share Analysis of Top Vendors
    16.3 Key Development Strategies
    17Company Profiles
    17.1 Thanet Earth Limited (U.K.)
    17.1.1 Overview
    17.1.2 Offerings
    17.1.3 Key Financials
    17.1.4 Business Segment & Geographic Overview
    17.1.5 Key Market Developments
    17.1.6 Key Strategies
    17.2 Pegasus Agritech (India)
    17.2.1 Overview
    17.2.2 Offerings
    17.2.3 Key Financials
    17.2.4 Business Segment & Geographic Overview
    17.2.5 Key Market Developments
    17.2.6 Key Strategies
    17.3 Hydroponic Systems International (Spain)
     17.3.1 Overview
    17.3.2 Offerings
    17.3.3 Key Financials
    17.3.4 Business Segment & Geographic Overview
    17.3.5 Key Market Developments
    17.3.6 Key Strategies
    17.4 Freight Farms, Inc. (U.S.)
    17.4.1 Overview
    17.4.2 Offerings
    17.4.3 Key Financials
    17.4.4 Business Segment & Geographic Overview
    17.5 Key Market Developments
    17.4.6 Key Strategies
    17.5 Koninklijke Philips N.V. (Netherlands)
    17.5.1 Overview
    17.5.2 Offerings
    17.5.3 Key Financials
    17.5.4 Business Segment & Geographic Overview
    17.5.5 Key Market Developments
    17.5.6 Key Strategies
    17.6 General Hydroponics (U.S.)
    17.6.1 Overview
    17.6.2 Offerings
    17.6.3 Key Financials
    17.6.4 Business Segment & Geographic Overview
    17.6.5 Key Market Developments
    17.6.6 Key Strategies
    17.7 Village Farms International Inc. (Canada)
    17.7.1 Overview
    17.7.2 Offerings
    17.7.3 Key Financials
    17.7.4 Business Segment & Geographic Overview
    17.7.5 Key Market Developments
    17.7.6 Key Strategies 
    17.8 ROCKWOOL A/S (Denmark)
    17.8.1 Overview
    17.8.2 Offerings
    17.8.3 Key Financials
    17.8.4 Business Segment & Geographic Overview
    17.8.5 Key Market Developments
    17.8.6 Key Strategies
    17.9 Heliospectra AB (Sweden)
    17.9.1 Overview
    17.9.2 Offerings
    17.9.3 Key Financials
    17.9.4 Business Segment & Geographic Overview
    17.9.5 Key Market Developments
    17.9.6 Key Strategies
    17.10 Triton Foodworks (India)
    17.10.1 Overview
    17.10.2 Offerings
    17.10.3 Key Financials
    17.10.4 Business Segment & Geographic Overview
    17.10.5 Key Market Developments
    17.10.6 Key Strategies