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Global Hydroponics Market Report By Crops (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others), By Type (Aggregate Systems, Liquid Systems) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11215336
March 2023
Report Formats: Electronic (PDF), MS EXCEL
Global Hydroponics Market Overview
The key driver impacting the hydroponics market is the higher yields offered by hydroponic farms with a lower need for land area and resources. The plants grown in hydroponic systems can attain 20%–25% higher yield with 2–5 times high productivity as compared to the conventional agriculture system. In addition, the rising population is increasing the demand for food across the world, thus driving the need for alternative farming technologies that give high yields in less time. The UN's Food and Agriculture Organization (FAO) report estimates the world population to reach 9.1 billion by the year 2050, and demand for food is expected to increase from between 25% to 70%. This will create massive demand for hydroponic farms to produce high-yield crops. Moreover, the rising adoption of hydroponics for cannabis production due to the legalization of marijuana in countries like South Africa, Canada, the Czech Republic, etc., contributes to the development of the hydroponics market in the coming years.
The high demand for nutritionally superior food is likely to augment the market demand in the forecast period. It is due to the growing awareness among consumers regarding the ill effects of pesticides and artificial ripening agents on human health. However, high capital investment for large-scale farms may hamper the market in the long run. Also, the s Slow adoption in the developing economies is negatively impacting the market growth. On the other hand, the current industry trends, such as the advancements in nutrient film technique, and sensing technologies, and rising application of hydroponic systems in grocery stores and restaurants, are expected to offer several beneficial market opportunities to the key players.
The hydroponics market is vast, with many local and global players. The hydroponics market is extensive, with many international and regional players. The market leaders pursue diverse business strategies to enhance their market position, such as extending acquisitions, product portfolio, contracts, product upgrades, amalgamation to raise their market share globally. The key market players studied in the report AeroFarms, AmHydro, Argus Control Systems Ltd., Emirates Hydroponics Farms, Freight Farms, Green Sense Farms Holdings Inc., Heliospectra AB, LumiGrow, Signify Holding, Terra Tech Corp.
In this research report, the Hydroponics market is segmented by crops, type, and region.
Analysis by Crops:
By product, the report is categorized into tomatoes, lettuce, peppers, cucumbers, herbs, and others. The tomatoes segment dominates the product segment with over 30% share in 2020. It is because tomatoes are the largest hydroponically cultivated crop worldwide. Moreover, it has a faster cultivation rate and requires less amount of water than regular farmed tomatoes, contributes to the tomatoes segment growth in the forecast period.
Analysis by Type:
By Type, the report is categorized into aggregate systems and liquid systems. The aggregate systems segment dominates the type segment with over 55% share in 2020. It is due to the extensive popularity among all the indoor hydroponic farmers due to its ease of setup and inexpensiveness. Moreover, a high preference for the ebb and flow mode of aggregate systems as it is cost-effective to build contributes to the growth of the aggregate systems segment in the forecast period.
Analysis by Region:
In the regional outlook of the global hydroponics market, the Asia Pacific region dominates globally with a 35% market share in the forecast period. It is due to the vast adoption of hydroponics in emerging countries of the Asia Pacific, such as China, Australia, South Korea, and other such countries. Moreover, rising investments from key players and the growing number of farmers shifting to this hydroponic form of cultivation In India, and high government support regarding the adoption of hydroponics in China contribute to tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Crops
By Type
By Region
The key driver impacting the hydroponics market is the higher yields offered by hydroponic farms with a lower need for land area and resources. The plants grown in hydroponic systems can attain 20%–25% higher yield with 2–5 times high productivity as compared to the conventional agriculture system. In addition, the rising population is increasing the demand for food across the world, thus driving the need for alternative farming technologies that give high yields in less time. The UN's Food and Agriculture Organization (FAO) report estimates the world population to reach 9.1 billion by the year 2050, and demand for food is expected to increase from between 25% to 70%. This will create massive demand for hydroponic farms to produce high-yield crops. Moreover, the rising adoption of hydroponics for cannabis production due to the legalization of marijuana in countries like South Africa, Canada, the Czech Republic, etc., contributes to the development of the hydroponics market in the coming years.
According to Value Market Research, the global Hydroponics market size was valued at about USD 1.75 billion in 2020 and is estimated to grow at a CAGR of around 22.5% during the forecast period 2021 to 2027.
The high demand for nutritionally superior food is likely to augment the market demand in the forecast period. It is due to the growing awareness among consumers regarding the ill effects of pesticides and artificial ripening agents on human health. However, high capital investment for large-scale farms may hamper the market in the long run. Also, the s Slow adoption in the developing economies is negatively impacting the market growth. On the other hand, the current industry trends, such as the advancements in nutrient film technique, and sensing technologies, and rising application of hydroponic systems in grocery stores and restaurants, are expected to offer several beneficial market opportunities to the key players.
The hydroponics market is vast, with many local and global players. The hydroponics market is extensive, with many international and regional players. The market leaders pursue diverse business strategies to enhance their market position, such as extending acquisitions, product portfolio, contracts, product upgrades, amalgamation to raise their market share globally. The key market players studied in the report AeroFarms, AmHydro, Argus Control Systems Ltd., Emirates Hydroponics Farms, Freight Farms, Green Sense Farms Holdings Inc., Heliospectra AB, LumiGrow, Signify Holding, Terra Tech Corp.
In this research report, the Hydroponics market is segmented by crops, type, and region.
Analysis by Crops:
By product, the report is categorized into tomatoes, lettuce, peppers, cucumbers, herbs, and others. The tomatoes segment dominates the product segment with over 30% share in 2020. It is because tomatoes are the largest hydroponically cultivated crop worldwide. Moreover, it has a faster cultivation rate and requires less amount of water than regular farmed tomatoes, contributes to the tomatoes segment growth in the forecast period.
Analysis by Type:
By Type, the report is categorized into aggregate systems and liquid systems. The aggregate systems segment dominates the type segment with over 55% share in 2020. It is due to the extensive popularity among all the indoor hydroponic farmers due to its ease of setup and inexpensiveness. Moreover, a high preference for the ebb and flow mode of aggregate systems as it is cost-effective to build contributes to the growth of the aggregate systems segment in the forecast period.
Analysis by Region:
In the regional outlook of the global hydroponics market, the Asia Pacific region dominates globally with a 35% market share in the forecast period. It is due to the vast adoption of hydroponics in emerging countries of the Asia Pacific, such as China, Australia, South Korea, and other such countries. Moreover, rising investments from key players and the growing number of farmers shifting to this hydroponic form of cultivation In India, and high government support regarding the adoption of hydroponics in China contribute to tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Crops
- Tomatoes
- Lettuce
- Peppers
- Cucumbers
- Herbs
- Others
By Type
- Aggregate Systems
- Liquid Systems
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HYDROPONICS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Crops
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL HYDROPONICS MARKET ANALYSIS BY CROPS
5.1 Overview by Crops
5.2 Historical and Forecast Data
5.3 Analysis by Crops
5.4 Tomatoes Historic and Forecast Sales by Regions
5.5 Lettuce Historic and Forecast Sales by Regions
5.6 Peppers Historic and Forecast Sales by Regions
5.7 Cucumbers Historic and Forecast Sales by Regions
5.8 Herbs Historic and Forecast Sales by Regions
5.9 Others Historic and Forecast Sales by Regions
6 . GLOBAL HYDROPONICS MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Aggregate Systems Historic and Forecast Sales by Regions
6.5 Liquid Systems Historic and Forecast Sales by Regions
7 . GLOBAL HYDROPONICS MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
7.3.1. Overview, Historic and Forecast Data Sales Analysis
7.3.2. North America By Segment Sales Analysis
7.3.3. North America By Country Sales Analysis
7.3.4. United State Sales Analysis
7.3.5. Canada Sales Analysis
7.3.6. Mexico Sales Analysis
7.4. Europe Sales Analysis
7.4.1. Overview, Historic and Forecast Data Sales Analysis
7.4.2. Europe by Segment Sales Analysis
7.4.3. Europe by Country Sales Analysis
7.4.4. United Kingdom Sales Analysis
7.4.5. France Sales Analysis
7.4.6. Germany Sales Analysis
7.4.7. Italy Sales Analysis
7.4.8. Russia Sales Analysis
7.4.9. Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
7.5.1. Overview, Historic and Forecast Data Sales Analysis
7.5.2. Asia Pacific by Segment Sales Analysis
7.5.3. Asia Pacific by Country Sales Analysis
7.5.4. China Sales Analysis
7.5.5. India Sales Analysis
7.5.6. Japan Sales Analysis
7.5.7. South Korea Sales Analysis
7.5.8. Australia Sales Analysis
7.5.9. Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
7.6.1. Overview, Historic and Forecast Data Sales Analysis
7.6.2. Latin America by Segment Sales Analysis
7.6.3. Latin America by Country Sales Analysis
7.6.4. Brazil Sales Analysis
7.6.5. Argentina Sales Analysis
7.6.6. Peru Sales Analysis
7.6.7. Chile Sales Analysis
7.6.8. Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
7.7.1. Overview, Historic and Forecast Data Sales Analysis
7.7.2. Middle East & Africa by Segment Sales Analysis
7.7.3. Middle East & Africa by Country Sales Analysis
7.7.4. Saudi Arabia Sales Analysis
7.7.5. UAE Sales Analysis
7.7.6. Israel Sales Analysis
7.7.7. South Africa Sales Analysis
7.7.8. Rest Of Middle East And Africa Sales Analysis
8 . COMPETITIVE LANDSCAPE OF THE HYDROPONICS COMPANIES
8.1. Hydroponics Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments
9 . COMPANY PROFILES OF HYDROPONICS INDUSTRY
9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. AeroFarms
9.3.1. Company Overview
9.3.2. Company Revenue
9.3.3. Products
9.3.4. Recent Developments
9.4. AmHydro
9.4.1. Company Overview
9.4.2. Company Revenue
9.4.3. Products
9.4.4. Recent Developments
9.5. Argus Control Systems Ltd.
9.5.1. Company Overview
9.5.2. Company Revenue
9.5.3. Products
9.5.4. Recent Developments
9.6. Emirates Hydroponics Farms
9.6.1. Company Overview
9.6.2. Company Revenue
9.6.3. Products
9.6.4. Recent Developments
9.7. Freight Farms
9.7.1. Company Overview
9.7.2. Company Revenue
9.7.3. Products
9.7.4. Recent Developments
9.8. Green Sense Farms Holdings Inc.
9.8.1. Company Overview
9.8.2. Company Revenue
9.8.3. Products
9.8.4. Recent Developments
9.9. Heliospectra AB
9.9.1. Company Overview
9.9.2. Company Revenue
9.9.3. Products
9.9.4. Recent Developments
9.10. LumiGrow
9.10.1. Company Overview
9.10.2. Company Revenue
9.10.3. Products
9.10.4. Recent Developments
9.11. Signify Holding
9.11.1. Company Overview
9.11.2. Company Revenue
9.11.3. Products
9.11.4. Recent Developments
9.12. Terra Tech Corp.
9.12.1. Company Overview
9.12.2. Company Revenue
9.12.3. Products
9.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- Analysis by Crops (USD MN)
- Tomatoes Market Sales by Geography (USD MN)
- Lettuce Market Sales by Geography (USD MN)
- Peppers Market Sales by Geography (USD MN)
- Cucumbers Market Sales by Geography (USD MN)
- Herbs Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Analysis Market by Type (USD MN)
- Aggregate Systems Market Sales by Geography (USD MN)
- Liquid Systems Market Sales by Geography (USD MN)
- Global Hydroponics Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Hydroponics Report
- Market Research Process
- Market Research Methodology
- Global Hydroponics Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Crops
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Crops (USD MN)
- Tomatoes Market Sales by Geography (USD MN)
- Lettuce Market Sales by Geography (USD MN)
- Peppers Market Sales by Geography (USD MN)
- Cucumbers Market Sales by Geography (USD MN)
- Herbs Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market Analysis by Type (USD MN)
- Aggregate Systems Market Sales by Geography (USD MN)
- Liquid Systems Market Sales by Geography (USD MN)
- Global Market Sales (USD MN)
- North America Market Sales (USD MN)
- Europe Market Sales (USD MN)
- Asia Pacific Market Sales (USD MN)
- Latin America Market Sales (USD MN)
- Middle East & Africa Market Sales (USD MN)
- Recent Development in Industry
- Top Companies Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments