Hydroponics Market Size, Share & Trends Analysis Report By Type (Aggregate Systems, Liquid Systems), By Crops Type (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others), By Region, And Segment Forecasts, 2023

The global hydroponics market size is estimated to reach USD 51.46 billion by 2030, exhibiting a CAGR of 13.9% from 2023 to 2030, 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 2030. 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

Product Code: GVR-4-68038-162-7

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Type
- 1.1.2. Crops type
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Crops type outlook
- 2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Hydroponics Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
3.4. Hydroponics Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
  - 3.4.1.1. Supplier power
  - 3.4.1.2. Buyer power
  - 3.4.1.3. Substitution threat
  - 3.4.1.4. Threat of new entrant
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Technological landscape
  - 3.4.2.3. Economic landscape

Chapter 4. Hydroponics Market : Type Estimates & Trend Analysis

4.1. Hydroponics Market: Key Takeaways
4.2. Hydroponics Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Aggregate Systems
- 4.3.1. Aggregate Systems market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Liquid Systems
- 4.4.1. Liquid systems market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 5. Hydroponics Market : Crops Type Estimates & Trend Analysis

5.1. Hydroponics Market: Key Takeaways
5.2. Hydroponics Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Tomatoes
- 5.3.1. Tomatoes market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Lettuce
- 5.4.1. Lettuce market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Peppers
- 5.5.1. Peppers market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Cucumbers
- 5.6.1. Cucumbers market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Herbs
- 5.7.1. Herbs market estimates and forecasts, 2017 to 2030 (USD Million)
5.8. Others
- 5.8.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 6. Hydroponics Market: Regional Estimates & Trend Analysis

6.1. Regional Outlook
6.2. Hydroponics Market by Region: Key Takeaway
6.3. North America
- 6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. U.S.
  - 6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.3. Canada
  - 6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4. Europe
- 6.4.1. UK
  - 6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.2. Germany
  - 6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.3. France
  - 6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
- 6.5.1. Japan
  - 6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.2. China
  - 6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.3. India
  - 6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.4. Australia
  - 6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.5. South Korea
  - 6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6. Rest of World
- 6.6.1. Rest of World
  - 6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
- 7.2.1. AeroFarms
  - 7.2.1.1. Company overview
  - 7.2.1.2. Financial performance
  - 7.2.1.3. Product benchmarking
  - 7.2.1.4. Strategic initiatives
- 7.2.2. AmHydro
  - 7.2.2.1. Company overview
  - 7.2.2.2. Financial performance
  - 7.2.2.3. Product benchmarking
  - 7.2.2.4. Strategic initiatives
- 7.2.3. Argus Control Systems Limited
  - 7.2.3.1. Company overview
  - 7.2.3.2. Financial performance
  - 7.2.3.3. Product benchmarking
  - 7.2.3.4. Strategic initiatives
- 7.2.4. Emirates Hydroponics Farms
  - 7.2.4.1. Company overview
  - 7.2.4.2. Financial performance
  - 7.2.4.3. Product benchmarking
  - 7.2.4.4. Strategic initiatives
- 7.2.5. Freight Farms, Inc.
  - 7.2.5.1. Company overview
  - 7.2.5.2. Financial performance
  - 7.2.5.3. Product benchmarking
  - 7.2.5.4. Strategic initiatives
- 7.2.6. Green Sense Farms Holdings, Inc.
  - 7.2.6.1. Company overview
  - 7.2.6.2. Financial performance
  - 7.2.6.3. Product benchmarking
  - 7.2.6.4. Strategic initiatives
- 7.2.7. Heliospectra
  - 7.2.7.1. Company overview
  - 7.2.7.2. Financial performance
  - 7.2.7.3. Product benchmarking
  - 7.2.7.4. Strategic initiatives
- 7.2.8. Signify Holding
  - 7.2.8.1. Company overview
  - 7.2.8.2. Financial performance
  - 7.2.8.3. Product benchmarking
  - 7.2.8.4. Strategic initiatives
- 7.2.9. UNRIVALED BRANDS
  - 7.2.9.1. Company overview
  - 7.2.9.2. Financial performance
  - 7.2.9.3. Product benchmarking
  - 7.2.9.4. Strategic initiatives

Product Code: GVR-4-68038-162-7

List of Tables

Table 1 List of abbreviation
Table 2 North America hydroponics market, by type, 2017 - 2030 (USD Million)
Table 3 North America hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 4 North America hydroponics market, by region, 2017 to 2030 (USD Million)
Table 5 U.S. hydroponics market, by type, 2017 - 2030 (USD Million)
Table 6 U.S. hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 7 Canada hydroponics market, by type, 2017 - 2030 (USD Million)
Table 8 Canada hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 9 Europe hydroponics market, by type, 2017 - 2030 (USD Million)
Table 10 Europe hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 11 Europe hydroponics market, by region, 2017 to 2030 (USD Million)
Table 12 Germany hydroponics market, by type, 2017 - 2030 (USD Million)
Table 13 Germany hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 14 UK hydroponics market, by type, 2017 - 2030 (USD Million)
Table 15 UK hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 16 France hydroponics market, by type, 2017 - 2030 (USD Million)
Table 17 France hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 18 Asia Pacific hydroponics market, by type, 2017 - 2030 (USD Million)
Table 19 Asia Pacific hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 20 Asia Pacific hydroponics market, by region, 2017 to 2030 (USD Million)
Table 21 China hydroponics market, by type, 2017 - 2030 (USD Million)
Table 22 China hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 23 Japan hydroponics market, by type, 2017 - 2030 (USD Million)
Table 24 Japan hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 25 India hydroponics market, by type, 2017 - 2030 (USD Million)
Table 26 India hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 27 Australia hydroponics market, by type, 2017 - 2030 (USD Million)
Table 28 Australia hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 29 South Korea hydroponics market, by type, 2017 - 2030 (USD Million)
Table 30 South Korea hydroponics market, by crops type, 2017 - 2030 (USD Million)
Table 31 Rest of World hydroponics market, by type, 2017 - 2030 (USD Million)
Table 32 Rest of World hydroponics market, by crops type, 2017 - 2030 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Hydroponics: Market outlook
Fig. 9 Hydroponics: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Hydroponics market driver impact
Fig. 15 Hydroponics market restraint impact
Fig. 16 Hydroponics market strategic initiatives analysis
Fig. 17 Hydroponics market: Type movement analysis
Fig. 18 Hydroponics market: Type outlook and key takeaways
Fig. 19 Aggregate systems market estimates and forecasts, 2017 - 2030
Fig. 20 Liquid systems market estimates and forecasts, 2017 - 2030
Fig. 21 Hydroponics market: Crops type movement analysis
Fig. 22 Hydroponics market: Crops type outlook and key takeaways
Fig. 23 Tomatoes market estimates and forecasts, 2017 - 2030
Fig. 24 Lettuce market estimates and forecasts, 2017 - 2030
Fig. 25 Peppers market estimates and forecasts, 2017 - 2030
Fig. 26 Cucumbers market estimates and forecasts, 2017 - 2030
Fig. 27 Herbs market estimates and forecasts, 2017 - 2030
Fig. 28 Others market estimates and forecasts, 2017 - 2030
Fig. 29 Global hydroponics market: Regional movement analysis
Fig. 30 Global hydroponics market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, 2017 - 2030
Fig. 32 U.S. market estimates and forecasts, 2017 - 2030
Fig. 33 Canada market estimates and forecasts, 2017 - 2030
Fig. 34 Europe market estimates and forecasts, 2017 - 2030
Fig. 35 UK market estimates and forecasts, 2017 - 2030
Fig. 36 Germany market estimates and forecasts, 2017 - 2030
Fig. 37 France market estimates and forecasts, 2017 - 2030
Fig. 38 Asia Pacific market estimates and forecasts, 2017 - 2030
Fig. 39 Japan market estimates and forecasts, 2017 - 2030
Fig. 40 China market estimates and forecasts, 2017 - 2030
Fig. 41 India market estimates and forecasts, 2017 - 2030
Fig. 42 Australia market estimates and forecasts, 2017 - 2030
Fig. 43 South Korea market estimates and forecasts, 2017 - 2030
Fig. 44 Rest of World market estimates and forecasts, 2017 - 2030

Hydroponics Market Size, Share & Trends Analysis Report By Type (Aggregate Systems, Liquid Systems), By Crops Type (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others), By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Hydroponics Market Growth & Trends:

Hydroponics Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Hydroponics Market Variables, Trends & Scope

Chapter 4. Hydroponics Market : Type Estimates & Trend Analysis

Chapter 5. Hydroponics Market : Crops Type Estimates & Trend Analysis

Chapter 6. Hydroponics Market: Regional Estimates & Trend Analysis

Chapter 7. Competitive Landscape

List of Tables

List of Figures