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Market Research Report
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1032438

Hydroponics Market Size, Share & Trends Analysis Report By Type (Aggregate Systems, Liquid Systems), By Crops (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs), By Region, And Segment Forecasts, 2021 - 2028

Published: | Grand View Research, Inc. | 120 Pages | Delivery time: 2-10 business days

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Hydroponics Market Size, Share & Trends Analysis Report By Type (Aggregate Systems, Liquid Systems), By Crops (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs), By Region, And Segment Forecasts, 2021 - 2028
Published: October 12, 2021
Grand View Research, Inc.
Content info: 120 Pages
Delivery time: 2-10 business days
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  • Description
  • Table of Contents
Description

Hydroponics Market Growth & Trends:

The global hydroponics market size is estimated to reach USD 9.76 billion by 2028, exhibiting a CAGR of 20.7% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The adoption of smart farming technologies, such as vertical farming, which has helped the evolution of hydroponics, is expected to spur market growth. Continuous improvements in hydroponics technologies and the introduction of innovative, state-of-the-art technologies, including environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, are likely to fuel the demand.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is expected to expand at a high CAGR over the forecast period. Aggregate hydroponics farming encompassed multiple technologies, namely, drip, wick, and ebb and flow. Herein, the plants are grown with the presence of a medium such as rock wool, perlite, and others. It is essential for the farmers to choose the right kind of media for certain crops, as they vary in terms of pH and thickness, which may hinder the smooth growth of roots. However, the liquid systems eliminate the use of such as media and provide the nutrients directly to the roots, reducing the time required for yield. Hence, the adoption of liquid systems, such as deep-water culture and Nutrient Film Technique (NFT) is expected to witness significant growth over the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2020 and is estimated to continue its dominance over the forecast period. Europe held the largest share of the hydroponically grown tomatoes market in 2020 owing to the high cultivation rate in the Netherlands and Italy. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2020, as countries such as China, South Korea, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

Hydroponics Market Report Highlights:

  • Middle East, South America, and Asia Pacific are anticipated to witness a lukewarm rise in terms of adoption of hydroponics, on account of the lack of government incentives to set up the infrastructure
  • Increasing demand for cannabis for medical and recreational uses is expected to boost the adoption among indoor farmers from Canada, Georgia, South Africa, and other such countries
  • NFT in the liquid hydroponic systems is one of the highly adopted methods used by indoor farmers. However, the state-of-the-art NFT technique is gaining more popularity amongst the growers
  • Asia Pacific held the largest market share in 2020 owing to the substantial demand from countries, such as South Korea, China, India, and Hong Kong
  • Europe is likely to emerge as the prominent segment, holding the largest market share by 2028. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics
  • Mexico is projected to portray lucrative opportunities in near future, owing to the presence of market players, such as Hydroponic Systems, Cultura H, and General Hydroponics. Also, the drylands spread over 100 million hectares in the country restrict the agricultural expansion, driving the adoption of hydroponics and other vertical farming technologies
Table of Contents
Product Code: GVR-4-68038-162-7

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Scope & Assumptions
  • 1.3. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Hydroponics - Industry Snapshot & Key Buying Criteria, 2017 - 2028

Chapter 3. Industry Outlook

  • 3.1. Market Segmentation & Scope
  • 3.2. Hydroponics Market Size and Growth Prospects
  • 3.3. Hydroponics - Value Chain Analysis
  • 3.4. Market Dynamics
    • 3.4.1. Market driver analysis
    • 3.4.2. Market restraint analysis
    • 3.4.3. Market challenge analysis
  • 3.5. Key Opportunities - Prioritized
  • 3.6. Industry Analysis - Porter's
  • 3.7. Hydroponics- PEST Analysis

Chapter 4. Hydroponics Market: Type Estimates & Trend Analysis

  • 4.1. Hydroponics Market: Type Analysis
    • 4.1.1. Aggregate Systems
      • 4.1.1.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 4.1.2. Liquid Systems
      • 4.1.2.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)

Chapter 5. Hydroponics Market: Crops Estimates & Trend Analysis

  • 5.1. Hydroponics Market: Crops Analysis
    • 5.1.1. Tomatoes
      • 5.1.1.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 5.1.2. Lettuce
      • 5.1.2.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 5.1.3. Peppers
      • 5.1.3.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 5.1.4. Cucumbers
      • 5.1.4.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 5.1.5. Herbs
      • 5.1.5.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)
    • 5.1.6. Others
      • 5.1.6.1. Global market estimates and forecasts, 2017 - 2028 (USD Million)

Chapter 6. Hydroponics Market: Regional Estimates & Trend Analysis

  • 6.1. Hydroponics Market Share By Region, 2020 & 2028
  • 6.2. North America
    • 6.2.1. Hydroponics market by type, 2017 - 2028 (USD Million)
    • 6.2.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.2.3. U.S.
      • 6.2.3.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.2.3.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.2.4. Canada
      • 6.2.4.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.2.4.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.2.5. Mexico
      • 6.2.5.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.2.5.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
  • 6.3. Europe
    • 6.3.1. Hydroponics market by type, 2017 - 2028 (USD Million)
    • 6.3.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.3.3. Germany
      • 6.3.3.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.3.3.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.3.4. U.K.
      • 6.3.4.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.3.4.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.3.5. France
      • 6.3.5.1. Hydroponics market by type, 2017 - 2028 (USD Million)
      • 6.3.5.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
  • 6.4. Asia Pacific
    • 6.4.1. Hydroponics market by type, 2017 - 2028 (USD Million)
    • 6.4.2. Hydroponics market by crops, 2017 - 2028 (USD Million)
    • 6.4.3. China
      • 6.4.3.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
      • 6.4.3.2. Hydroponics market by offering, 2017 - 2028 (USD Million)
    • 6.4.4. Japan
      • 6.4.4.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
      • 6.4.4.2. Hydroponics market by offering, 2017 - 2028 (USD Million)
    • 6.4.5. India
      • 6.4.5.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
      • 6.4.5.2. Hydroponics market by offering, 2017 - 2028 (USD Million)
  • 6.5. South America
    • 6.5.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
    • 6.5.2. Hydroponics market by offering, 2017 - 2028 (USD Million)
    • 6.5.3. Brazil
      • 6.5.3.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
      • 6.5.3.2. Hydroponics market by offering, 2017 - 2028 (USD Million)
  • 6.6. MEA
    • 6.6.1. Hydroponics market by structure, 2017 - 2028 (USD Million)
    • 6.6.2. Hydroponics market by offering, 2017 - 2028 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments and Impact Analysis, by Key Market Participants
  • 7.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
  • 7.3. Key Company Market Share Analysis, 2020
  • 7.4. Market Position Analysis
  • 7.5. Competitive Dashboard Analysis

Chapter 8. Competitive Landscape

  • 8.1. AeroFarms
    • 8.1.1. Company overview
    • 8.1.2. Product benchmarking
    • 8.1.3. Recent developments
  • 8.2. AmHydro
    • 8.2.1. Company overview
    • 8.2.2. Product benchmarking
    • 8.2.3. Recent developments
  • 8.3. Argus Control Systems Limited
    • 8.3.1. Company overview
    • 8.3.2. Financial performance
    • 8.3.3. Product benchmarking
    • 8.3.4. Recent developments
  • 8.4. Emirates Hydroponics Farms
    • 8.4.1. Company overview
    • 8.4.2. Product benchmarking
    • 8.4.3. Recent developments
  • 8.5. Freight Farms
    • 8.5.1. Company overview
    • 8.5.2. Product benchmarking
    • 8.5.3. Recent developments
  • 8.6. Green Sense Farms Holdings, Inc.
    • 8.6.1. Company overview
    • 8.6.2. Product benchmarking
    • 8.6.3. Recent developments
  • 8.7. Heliospectra AB
    • 8.7.1. Company overview
    • 8.7.2. Financial performance
    • 8.7.3. Product benchmarking
    • 8.7.4. Recent developments
  • 8.8. LumiGrow
    • 8.8.1. Company overview
    • 8.8.2. Product benchmarking
    • 8.8.3. Recent developments
  • 8.9. Signify Holding
    • 8.9.1. Company overview
    • 8.9.2. Financial performance
    • 8.9.3. Product benchmarking
    • 8.9.4. Recent developments
  • 8.10. Terra Tech Corp.
    • 8.10.1. Company overview
    • 8.10.2. Financial performance
    • 8.10.3. Product benchmarking
    • 8.10.4. Recent developments

List of Tables

  • Table 1 List of abbreviation
  • Table 2 Hydroponics market, 2017 - 2028 (USD Million)
  • Table 3 Hydroponics market, by region, 2017 - 2028 (USD Million)
  • Table 4 Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 5 Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 6 Aggregated systems market, by region, 2017 - 2028 (USD Million)
  • Table 7 Liquid systems market, by region, 2017 - 2028 (USD Million)
  • Table 8 Hydroponics market for tomatoes, by region, 2017 - 2028 (USD Million)
  • Table 9 Hydroponics market for lettuce, by region, 2017 - 2028 (USD Million)
  • Table 10 Hydroponics market for peppers, by region, 2017 - 2028 (USD Million)
  • Table 11 Hydroponics market for cucumbers, by region, 2017 - 2028 (USD Million)
  • Table 12 Hydroponics market for herbs, by region, 2017 - 2028 (USD Million)
  • Table 13 North America Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 14 North America Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 15 U.S. Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 16 U.S. Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 17 Canada Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 18 Canada Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 19 Mexico Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 20 Mexico Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 21 Europe Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 22 Europe Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 23 U.K. Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 24 U.K. Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 25 Germany Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 26 Germany Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 27 France Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 28 France Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 29 Asia Pacific Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 30 Asia Pacific Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 31 China Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 32 China Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 33 India Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 34 India Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 35 Japan Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 36 Japan Hydroponics market, by crops, 2017 - 2028 (USD Million)
  • Table 37 Rest of the World Hydroponics market, by type, 2017 - 2028 (USD Million)
  • Table 38 Rest of the World Hydroponics market, by crops, 2017 - 2028 (USD Million)

List of Figures

  • Fig. 1 Hydroponics market segmentation
  • Fig. 2 Hydroponics market, 2017 - 2028 (USD Million)
  • Fig. 3 Value chain analysis
  • Fig. 4 Hydroponics market driver impact
  • Fig. 5 Hydroponics market restraint impact
  • Fig. 6 Hydroponics market opportunity impact
  • Fig. 7 Hydroponics penetration & growth prospects mapping
  • Fig. 8 Hydroponics market - Porter's five force analysis
  • Fig. 9 Hydroponics market - PESTLE analysis
  • Fig. 10 Hydroponics Market, By Type, 2020 & 2028 (USD Million)
  • Fig. 11 Hydroponics Market, By Crops, 2020 & 2028 (USD Million)
  • Fig. 12 Hydroponics Market, By Region, 2020 & 2028
  • Fig. 13 Company Dashboard Analysis, 2020
  • Fig. 14 Company Position Analysis, 2020