Hydroponics Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for hydroponics. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global hydroponics market from 2023 to 2033.

The global hydroponics market is forecast to expand at a CAGR of 13.4% and thereby increase from a value of US$ 12.3 Bn in 2023, to US$ 29.7 Bn by the end of 2030.

Key Insights:

Hydroponics Market Size (2023E): US$12.3 Bn

Projected Market Value (2030F): US$29.7 Bn

Global Market Growth Rate (CAGR 2023 to 2030): 13.4%

Historical Market Growth Rate (CAGR 2018 to 2022): 12.7%

Hydroponics Market - Report Scope:

The Hydroponics Market is positioned for significant growth, driven by increasing demand for sustainable and efficient agricultural practices, urban farming trends, and advancements in hydroponic systems. The market caters to various segments, including commercial greenhouse cultivation, home gardening, and research institutions, offering a range of hydroponic equipment and nutrient solutions. Market growth is fueled by the need for year-round crop production, water conservation, and the rising awareness of controlled environment agriculture.

Market Growth Drivers:

The global Hydroponics Market is influenced by several key factors, including the growing population, diminishing arable land, and the need for high-yield, quality crops. Hydroponic systems offer precise control over nutrient levels, temperature, and light, optimizing plant growth and minimizing resource usage. Additionally, the increasing focus on organic farming practices and the adoption of hydroponics in urban areas contribute to market expansion. Technological innovations, such as automated hydroponic systems and smart monitoring solutions, further drive market growth.

Market Restraints:

Despite promising growth prospects, the Hydroponics Market faces challenges related to initial setup costs, energy consumption, and the need for technical expertise. Limited awareness among traditional farmers and regulatory hurdles in certain regions may hinder widespread adoption. Addressing these challenges requires collaborative efforts among industry stakeholders, governments, and educational institutions to promote knowledge transfer and create a supportive regulatory environment.

Market Opportunities:

The Hydroponics Market presents significant growth opportunities driven by ongoing research, technological innovations, and the increasing focus on sustainable agriculture. Integration of Internet of Things (IoT) technologies, development of cost-effective hydroponic systems, and the expansion of product portfolios to cater to diverse crops are essential for capitalizing on emerging opportunities. Strategic partnerships, investment in research and development, and educational initiatives contribute to sustaining market leadership in this dynamic and evolving agricultural segment.

Key Questions Answered in the Report:

What is the Forecast CAGR of the Global Hydroponics Market?
What was the Global Hydroponics Market Size in 2023?
Which Country Held the Largest Market Share in 2023?
Who are the Key Players in the Global Hydroponics Market?
Which is the Fastest-growing Segment in the Global Market Based on Application?

Competitive Intelligence and Business Strategy:

Leading players in the global Hydroponics Market, including [Insert Key Companies], focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced hydroponic systems, nutrient solutions, and cultivation practices, catering to diverse crop requirements. Collaborations with agricultural research institutions, technology providers, and government bodies facilitate market access and promote technology adoption. Moreover, emphasis on farmer education, training programs, and sustainable farming practices fosters market growth and enhances agricultural productivity in the rapidly evolving field of hydroponics.

Key Companies Profiled:
AeroFarms, LLC
Scotts Miracle Gro
AmHydro
Emerald Harvest

Argus Control Systems Limited

Hydroponic Systems International

Emirates Hydroponics Farms
Advanced Nutrients (Canada)
Freight Farms, Inc.
Vitalink (United Kingdom)

Green Sense Farms Holdings, Inc.

Heliospectra AB
LumiGrow, Inc.

Hydroponics Market Research Segmentation:

The hydroponics market is led by versatile aggregate systems using inert mediums for optimal plant support and nutrient absorption. Liquid systems, especially nutrient film techniques, show rapid growth. LED grow lights dominate equipment sales with energy-efficient technology, while control systems see fast adoption for precision agriculture.

Nutrients are the top-selling input, crucial for plant growth in hydroponics. Rockwool, a versatile growth medium, experiences rapid growth. Lettuce and leafy vegetables lead crop types, benefiting from hydroponic efficiency. Herbs see growing adoption for year-round production.

Europe dominates the hydroponics market in 2023, driven by its commitment to sustainable agriculture and embracing innovative technologies for resource efficiency.

By Product Type:
Aggregate Systems
Liquid Systems
By Equipment:
HVAC
Irrigation Systems
Control Systems
LED grow Lights
Material Handing
Others
By Input:
Nutrients
Rockwool
By Crop Type:
Tomato
Lettuce and Leafy Vegetables
Pepper
Cucumber
Microgreens
Herbs
Fruits
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33726

1. Executive Summary

1.1. Global Hydroponics Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Hydroponics Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Hydroponics Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Aggregate Systems
  - 3.3.3.2. Liquid Systems
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Hydroponics Market Outlook: Equipment
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Equipment, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
  - 3.5.3.1. HVAC
  - 3.5.3.2. Irrigation Systems
  - 3.5.3.3. Control Systems
  - 3.5.3.4. LED grow Lights
  - 3.5.3.5. Material Handing
  - 3.5.3.6. Others
3.6. Market Attractiveness Analysis: Equipment
3.7. Global Hydroponics Market Outlook: Input
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Input, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
  - 3.7.3.1. Nutrients
  - 3.7.3.2. Rockwool
3.8. Market Attractiveness Analysis: Input
3.9. Global Hydroponics Market Outlook: Crop Type
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Crop Type, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
  - 3.9.3.1. Tomato
  - 3.9.3.2. Lettuce And Leafy Vegetables
  - 3.9.3.3. Pepper
  - 3.9.3.4. Cucumber
  - 3.9.3.5. Micro greens
  - 3.9.3.6. Herbs
  - 3.9.3.7. Fruits
  - 3.9.3.8. Others
3.10. Market Attractiveness Analysis: Crop Type

4. Global Hydroponics Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Equipment
- 5.3.4. By Input
- 5.3.5. By Crop Type
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Aggregate Systems
- 5.5.2. Liquid Systems
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 5.6.1. HVAC
- 5.6.2. Irrigation Systems
- 5.6.3. Control Systems
- 5.6.4. LED grow Lights
- 5.6.5. Material Handing
- 5.6.6. Others
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 5.7.1. Nutrients
- 5.7.2. Rockwool
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 5.8.1. Tomato
- 5.8.2. Lettuce And Leafy Vegetables
- 5.8.3. Pepper
- 5.8.4. Cucumber
- 5.8.5. Micro greens
- 5.8.6. Herbs
- 5.8.7. Fruits
- 5.8.8. Others
5.9. Market Attractiveness Analysis

6. Europe Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Equipment
- 6.3.4. By Input
- 6.3.5. By Crop Type
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Aggregate Systems
- 6.5.2. Liquid Systems
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 6.6.1. HVAC
- 6.6.2. Irrigation Systems
- 6.6.3. Control Systems
- 6.6.4. LED grow Lights
- 6.6.5. Material Handing
- 6.6.6. Others
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 6.7.1. Nutrients
- 6.7.2. Rockwool
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 6.8.1. Tomato
- 6.8.2. Lettuce And Leafy Vegetables
- 6.8.3. Pepper
- 6.8.4. Cucumber
- 6.8.5. Micro greens
- 6.8.6. Herbs
- 6.8.7. Fruits
- 6.8.8. Others
6.9. Market Attractiveness Analysis

7. East Asia Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Equipment
- 7.3.4. By Input
- 7.3.5. By Crop Type
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Aggregate Systems
- 7.5.2. Liquid Systems
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 7.6.1. HVAC
- 7.6.2. Irrigation Systems
- 7.6.3. Control Systems
- 7.6.4. LED grow Lights
- 7.6.5. Material Handing
- 7.6.6. Others
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 7.7.1. Nutrients
- 7.7.2. Rockwool
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 7.8.1. Tomato
- 7.8.2. Lettuce and leafy vegetables
- 7.8.3. Pepper
- 7.8.4. Cucumber
- 7.8.5. Micro greens
- 7.8.6. Herbs
- 7.8.7. Fruits
- 7.8.8. Others
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Equipment
- 8.3.4. By Input
- 8.3.5. By Crop Type
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Soth Asia & Pacific
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Aggregate Systems
- 8.5.2. Liquid Systems
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 8.6.1. HVAC
- 8.6.2. Irrigation Systems
- 8.6.3. Control Systems
- 8.6.4. LED grow Lights
- 8.6.5. Material Handing
- 8.6.6. Others
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 8.7.1. Nutrients
- 8.7.2. Rockwool
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 8.8.1. Tomato
- 8.8.2. Lettuce and leafy vegetables
- 8.8.3. Pepper
- 8.8.4. Cucumber
- 8.8.5. Micro greens
- 8.8.6. Herbs
- 8.8.7. Fruits
- 8.8.8. Others
8.9. Market Attractiveness Analysis

9. Latin America Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Equipment
- 9.3.4. By Input
- 9.3.5. By Crop Type
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Aggregate Systems
- 9.5.2. Liquid Systems
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 9.6.1. HVAC
- 9.6.2. Irrigation Systems
- 9.6.3. Control Systems
- 9.6.4. LED grow Lights
- 9.6.5. Material Handing
- 9.6.6. Others
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 9.7.1. Nutrients
- 9.7.2. Rockwool
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 9.8.1. Tomato
- 9.8.2. LETTUCE AND LEAFY VEGETABLES
- 9.8.3. PEPPER
- 9.8.4. Cucumber
- 9.8.5. Micro greens
- 9.8.6. Herbs
- 9.8.7. Fruits
- 9.8.8. Others
9.9. Market Attractiveness Analysis

10. Middle East & Africa Hydroponics Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Equipment
- 10.3.4. By Input
- 10.3.5. By Crop Type
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Aggregate Systems
- 10.5.2. Liquid Systems
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Equipment, 2023 - 2030
- 10.6.1. HVAC
- 10.6.2. Irrigation Systems
- 10.6.3. Control Systems
- 10.6.4. LED grow Lights
- 10.6.5. Material Handing
- 10.6.6. Others
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Input, 2023 - 2030
- 10.7.1. Nutrients
- 10.7.2. Rockwool
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Crop Type, 2023 - 2030
- 10.8.1. Tomato
- 10.8.2. Lettuce and leafy vegetables
- 10.8.3. Pepper
- 10.8.4. Cucumber
- 10.8.5. Micro greens
- 10.8.6. Herbs
- 10.8.7. Fruits
- 10.8.8. Others
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Liquid Systems
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. AeroFarms, LLC
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Scotts Miracle Gro
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. AmHydro
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Emerald Harvest
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Argus Control Systems Limited
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Hydroponic Systems International
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Emirates Hydroponics Farms
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Advanced Nutrients (Canada)
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Freight Farms, Inc.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Vitalink (United Kingdom)
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Green Sense Farms Holdings, Inc.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Heliospectra AB
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy
- 11.3.13. LumiGrow, Inc.
  - 11.3.13.1. Overview
  - 11.3.13.2. Segments and Product
  - 11.3.13.3. Key Financials
  - 11.3.13.4. Market Developments
  - 11.3.13.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations