Hydroponics Market
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PUBLISHED: 2022 ID: SMRC21478
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Hydroponics Market Forecasts to 2028 – Global Analysis By Crop Type (Fruits, Vegetables, Herbs), Equipment (Reservoir, Irrigation System), End User, and By Geography

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4.9 (63 reviews)
Published: 2022 ID: SMRC21478

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Hydroponics Market is accounted for $2.53 billion in 2021 and is expected to reach $8.42 billion by 2028 growing at a CAGR of 18.7% during the forecast period. Hydroponics is the process of growing plants by using mineral nutrient solutions in sand, gravel, or liquid in absence of soil. Hydroponics has become one of the most preferred crop production technologies where nutritionally superior crops are grown without using pesticides and other artificial ripening agents.

Market Dynamics:

Driver:

Higher yield


Plants grown in hydroponic systems have achieved better yields than the conventional agriculture system, with its efficiency being higher. In addition, because of controlled environmental circumstances, the effect of climatic changes can be balanced with the assistance of these systems, thereby not affecting the annual crop production. Controlled environment horticulture methods directly affect the crop harvest cycle. Since climatic changes show a minimal effect on such systems, crops can be produced all year round, thereby again increasing the produce.

Restraint:

High capital investment


Various kinds of equipment including HVAC systems, fans, irrigation systems, control systems, rails, and lights are the main cost factors in a hydroponic farm. The hydroponic farm can cost high for a base-level system that is not fully automated. This huge cost for the initial setup of the system is a major factor refraining farmers from investing in these systems. However, the yield obtained from these systems is higher, and the product can also be marketed as premium products, thereby increasing the ROI for growers.

Opportunity:

Development of innovative hydroponic technologies


Increasing the adoption of hydroponics, manufacturers and researchers are focusing on improving the efficiency of hydroponics innovation to build the quality and quantity of the produce. Many organizations in the hydroponics market are investing in R&D for acquiring state-of-art technologies that help the production and furthermore bring about a variety of cultivations possible. Strategic partnerships with research labs and institutes further provide ample opportunities for the growth of the hydroponics market.

Threat:

Waterborne diseases and algae in closed systems

In a closed hydroponic system, the threat of waterborne illnesses poses a major issue to growers. Considering that the nutrient-enriched water is recirculated all through the system, any kind of waterborne disease that enters the nutrient reservoir often affects the whole crop as it has the ability to spread throughout. Growers frequently keep their plants spaced out to prevent crowding, which is often how pathogens enter the system. To combat the instances of waterborne diseases, growers are resorting to utilizing screen or paper filters and additional filtration systems to curb the spread of waterborne diseases in the system.

The liquid hydroponics segment is expected to be the largest during the forecast period

The liquid hydroponics segment is estimated to have a lucrative growth as liquid systems have been proved to be efficient and furthermore cost-effective in comparison to essential models in the hydroponics market. Liquid systems operate in a closed mode, which reduces the expense of the nutrient solutions. Also, in comparison with the closed model of aggregate systems, liquid systems show higher productivity, and hence, the majority of the growers have been installing liquid systems for their crop production.

The heating, ventilation & air conditioning (HVAC) segment is expected to have the highest CAGR during the forecast period

The heating, ventilation & air conditioning (HVAC) segment is anticipated to witness the fastest CAGR growth during the forecast period as the system is responsible for cooling, dehumidification, and maintaining the optimum temperature inside the facility. HVAC systems are fundamental for the operation of hydroponic and aeroponic farms and should be reliable and well-controlled.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period due to advancements in greenhouse farming, growing expansion of genetically modified crop technology, rapid industrialization, and scarcity of land. Europe is home to developed economies, such as France, Germany, Greece, Italy, Spain, and the Netherlands.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the substantial adoption of hydroponics in Asia Pacific countries and emerging urban hydroponic farms. Increasing the implementation of advanced techniques in hydroponics to increase enhance the quality and quantity of crop yield in the Asia Pacific is anticipated to play a crucial role in augmenting the Asia Pacific hydroponics market growth.

Key players in the market

Some of the key players profiled in the Hydroponics Market include Heliospectra AB, Terra Tech Corp., Signify Holding, LumiGrow, Kubo Group, Hydrodynamics International Inc, AMHYDRO, AeroFarms, Green Sense Farms Holdings, Inc., Freight Farms, Emirates Hydroponics Farms, Circle Fresh Farms, Bright Farms Inc, Argus Control Systems Limited and Hortisystems Uk. 

Key Developments:

In April 2020, Aerofarms expanded with the establishment of the biggest Aerofarms center which is the largest of its kind spread across 90,000 sqft. The facility is dedicated to state-of-art R&D equipment and the commercialization of locally demanded crops.

In August 2019, LumiGrow Inc. launched a new TopLight Hybrid smart fixture. The Hybrids will enable users to benefit from the enriched white spectrum, which is completely wireless and can be controlled via SmartPAR software of the company.
 
Types Covered:
• Liquid Hydroponics
• Aggregate System
 
Crop Areas Covered:
• 10000-50000 Square Feet
• 5001-10000 Square Feet
• 1000-5000 Square Feet
• Up 1000 Square Feet
 
Crop Types Covered:
• Fruits
• Flowering and Foliage
• Vegetables
• Herbs
 
Equipments Covered:
• Control Systems
• Submersible Pump
• Reservoir
• Material Handling
• Light-Emitting Diode (LED) Growing Lights
• Irrigation System
• Heating, Ventilation & Air Conditioning (HVAC)
• Growing Chamber
• Delivery System
• Communication Technology
 
Inputs Covered:

• Nutrients
• Growth Media
 
Farming Types Covered:
• Indoor Farming
• Outdoor Farming
 
Services Covered:
• Conventional/Inorganic Hydroponic Solutions
• Natural and Organic Hydroponic Solutions
 
Distribution Channels Covered:
• Business-to-Business (B2B)
• Business-to-Consumer (B2C)
 
End Users Covered:
• Residential
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
               
2 Preface     
         
 2.1 Abstract             
 2.2 Stake Holders             
 2.3 Research Scope            
 2.4 Research Methodology           
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions           
               
3 Market Trend Analysis            
 3.1 Introduction            
 3.2 Drivers             
 3.3 Restraints             
 3.4 Opportunities            
 3.5 Threats             
 3.6 End User Analysis            
 3.7 Emerging Markets            
 3.8 Impact of Covid-19            
               
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants           
 4.5 Competitive rivalry            
               
5 Global Hydroponics Market, By Type           
 5.1 Introduction            
 5.2 Liquid Hydroponics             
  5.2.1 Nutrient Film Technique (NFT)         
  5.2.2 Floating Hydroponics          
  5.2.3 Deep Water Culture           
  5.2.4 Aeroponics            
 5.3 Aggregate System            
  5.3.1 Wick Systems            
  5.3.2 Drip System           
  5.3.3 Open System           
  5.3.4 EBB and Flow System/Flood & Drain System        
  5.3.5 Water Culture System          
  5.3.6 Closed System            
               
6 Global Hydroponics Market, By Crop Area          
 6.1 Introduction            
 6.2 10000-50000 Square Feet            
 6.3 5001-10000 Square Feet            
 6.4 1000-5000 Square Feet            
 6.5 Up 1000 Square Feet           
               
7 Global Hydroponics Market, By Crop Type          
 7.1 Introduction            
 7.2 Fruits             
  7.2.1 Blueberry           
  7.2.2 Cantaloupe           
  7.2.3 Grapes            
  7.2.4 Strawberry           
  7.2.5 Watermelons            
 7.3 Flowering and Foliage           
 7.4 Vegetables            
  7.4.1 Tomato            
  7.4.2 Radish            
  7.4.3 Capsicums             
  7.4.4 Pepper            
  7.4.5 Coriander            
  7.4.6 Kohlrabi             
  7.4.7 Cucumber            
  7.4.8 Potatoes             
  7.4.9 Microgreens           
  7.4.10 Cabbages            
 7.5 Herbs             
  7.5.1 Spinach            
  7.5.2 Parsley             
  7.5.3 Mint             
  7.5.4 Lettuce & Leafy Vegetables          
  7.5.5 Cilantro             
  7.5.6 Basil              
  7.5.7 Arugula            
               
8 Global Hydroponics Market, By Equipment          
 8.1 Introduction            
 8.2 Control Systems            
 8.3 Submersible Pump            
 8.4 Reservoir             
 8.5 Material Handling            
 8.6 Light-Emitting Diode (LED) Growing Lights         
 8.7 Irrigation System            
 8.8 Heating, Ventilation & Air Conditioning (HVAC)         
 8.9 Growing Chamber             
 8.10 Delivery System            
 8.11 Communication Technology           
               
9 Global Hydroponics Market, By Input           
 9.1 Introduction            
 9.2 Nutrients             
  9.2.1 NPK (Nitrogen, Phosphorus and Potassium)        
  9.2.2 Trace Minerals           
 9.3 Growth Media            
  9.3.1 Rockwool           
  9.3.2 Coco Coir/Fiber           
  9.3.3 Grow Rocks           
  9.3.4 Perlite & Vermiculite           
  9.3.5 Clay            
               
10 Global Hydroponics Market, By Farming Type          
 10.1 Introduction            
 10.2 Indoor Farming            
 10.3 Outdoor Farming            
               
11 Global Hydroponics Market, By Service           
 11.1 Introduction            
 11.2 Conventional/Inorganic Hydroponic Solutions         
  11.2.1 Micronutrients           
  11.2.2 Macronutrients           
 11.3 Natural and Organic Hydroponic Solutions         
  11.3.1 Hoof / Horn meal           
  11.3.2 Fish meal            
  11.3.3 Dried locust or Grasshopper          
  11.3.4 Cottonseed meal           
  11.3.5 Blood Meal           
  11.3.6 Animal Manure           
  11.3.7 Bone Meal           
               
12 Global Hydroponics Market, By Distribution Channel       
  
 12.1 Introduction            
 12.2 Business-to-Business (B2B)           
 12.3 Business-to-Consumer (B2C)           
  12.3.1 Online Retailers           
  12.3.2 Bulk Suppliers & Distributors          
  12.3.3 Modern Trade            
   12.3.3.1 Hypermarket           
   12.3.3.2 Supermarket          
  12.3.4 Whole Food and Specialty Stores         
  12.3.5 Unorganized Small Stores          
  12.3.6 Grocery Stores           
               
13 Global Hydroponics Market, By End User           
 13.1 Introduction            
 13.2 Residential            
 13.3 Commercial            
               
14 Global Hydroponics Market, By Geography          
 14.1 Introduction            
 14.2 North America             
  14.2.1 US            
  14.2.2 Canada            
  14.2.3 Mexico            
 14.3 Europe             
  14.3.1 Germany            
  14.3.2 UK            
  14.3.3 Italy            
  14.3.4 France            
  14.3.5 Spain             
  14.3.6 Rest of Europe           
 14.4 Asia Pacific            
  14.4.1 Japan            
  14.4.2 China            
  14.4.3 India            
  14.4.4 Australia            
  14.4.5 New Zealand           
  14.4.6 South Korea           
  14.4.7 Rest of Asia Pacific           
 14.5 South America            
  14.5.1 Argentina           
  14.5.2 Brazil            
  14.5.3 Chile            
  14.5.4 Rest of South America          
 14.6 Middle East & Africa           
  14.6.1 Saudi Arabia           
  14.6.2 UAE            
  14.6.3 Qatar            
  14.6.4 South Africa           
  14.6.5 Rest of Middle East & Africa          
               
15 Key Developments             
 15.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 15.2 Acquisitions & Mergers           
 15.3 New Product Launch           
 15.4 Expansions            
 15.5 Other Key Strategies           
               
16 Company Profiling   
          
 16.1 Heliospectra AB             
 16.2 Terra Tech Corp.             
 16.3 Signify Holding            
 16.4 LumiGrow            
 16.5 Kubo Group            
 16.6 Hydrodynamics International Inc          
 16.7 AMHYDRO            
 16.8 AeroFarms            
 16.9 Green Sense Farms Holdings, Inc.          
 16.10 Freight Farms            
 16.11 Emirates Hydroponics Farms            
 16.12 Circle Fresh Farms            
 16.13 Bright Farms Inc             
 16.14 Argus Control Systems Limited          
 16.15 Hortisystems Uk            


List of Tables              
1 Global Hydroponics Market Outlook, By Region(2020-2028) ($MN)        
2 Global Hydroponics Market Outlook, By Type (2020-2028) ($MN)        
3 Global Hydroponics Market Outlook, By Liquid Hydroponics (2020-2028) ($MN)       
4 Global Hydroponics Market Outlook, By Nutrient Film Technique (NFT) (2020-2028) ($MN)      
5 Global Hydroponics Market Outlook, By Floating Hydroponics (2020-2028) ($MN)       
6 Global Hydroponics Market Outlook, By Deep Water Culture (2020-2028) ($MN)       
7 Global Hydroponics Market Outlook, By Aeroponics (2020-2028) ($MN)        
8 Global Hydroponics Market Outlook, By Aggregate System (2020-2028) ($MN)       
9 Global Hydroponics Market Outlook, By Wick Systems (2020-2028) ($MN)       
10 Global Hydroponics Market Outlook, By Drip System (2020-2028) ($MN)        
11 Global Hydroponics Market Outlook, By Open System (2020-2028) ($MN)        
12 Global Hydroponics Market Outlook, By EBB and Flow System/Flood & Drain System (2020-2028) ($MN)     
13 Global Hydroponics Market Outlook, By Water Culture System (2020-2028) ($MN)       
14 Global Hydroponics Market Outlook, By Closed System (2020-2028) ($MN)       
15 Global Hydroponics Market Outlook, By Crop Area (2020-2028) ($MN)        
16 Global Hydroponics Market Outlook, By 10000-50000 Square Feet (2020-2028) ($MN)      
17 Global Hydroponics Market Outlook, By 5001-10000 Square Feet (2020-2028) ($MN)       
18 Global Hydroponics Market Outlook, By 1000-5000 Square Feet (2020-2028) ($MN)       
19 Global Hydroponics Market Outlook, By Up 1000 Square Feet (2020-2028) ($MN)       
20 Global Hydroponics Market Outlook, By Crop Type (2020-2028) ($MN)        
21 Global Hydroponics Market Outlook, By Fruits (2020-2028) ($MN)        
22 Global Hydroponics Market Outlook, By Blueberry (2020-2028) ($MN)        
23 Global Hydroponics Market Outlook, By Cantaloupe (2020-2028) ($MN)        
24 Global Hydroponics Market Outlook, By Grapes (2020-2028) ($MN)        
25 Global Hydroponics Market Outlook, By Strawberry (2020-2028) ($MN)        
26 Global Hydroponics Market Outlook, By Watermelons (2020-2028) ($MN)       
27 Global Hydroponics Market Outlook, By Flowering and Foliage (2020-2028) ($MN)        
28 Global Hydroponics Market Outlook, By Vegetables (2020-2028) ($MN)        
29 Global Hydroponics Market Outlook, By Tomato (2020-2028) ($MN)        
30 Global Hydroponics Market Outlook, By Radish (2020-2028) ($MN)        
31 Global Hydroponics Market Outlook, By Capsicums (2020-2028) ($MN)        
32 Global Hydroponics Market Outlook, By Pepper (2020-2028) ($MN)        
33 Global Hydroponics Market Outlook, By Coriander (2020-2028) ($MN)        
34 Global Hydroponics Market Outlook, By Kohlrabi (2020-2028) ($MN)        
35 Global Hydroponics Market Outlook, By Cucumber (2020-2028) ($MN)        
36 Global Hydroponics Market Outlook, By Potatoes (2020-2028) ($MN)        
37 Global Hydroponics Market Outlook, By Microgreens (2020-2028) ($MN)         
38 Global Hydroponics Market Outlook, By Cabbages (2020-2028) ($MN)        
39 Global Hydroponics Market Outlook, By Herbs (2020-2028) ($MN)        
40 Global Hydroponics Market Outlook, By Spinach (2020-2028) ($MN)        
41 Global Hydroponics Market Outlook, By Parsley (2020-2028) ($MN)        
42 Global Hydroponics Market Outlook, By Mint (2020-2028) ($MN)        
43 Global Hydroponics Market Outlook, By Lettuce & Leafy Vegetables (2020-2028) ($MN)      
44 Global Hydroponics Market Outlook, By Cilantro (2020-2028) ($MN)        
45 Global Hydroponics Market Outlook, By Basil (2020-2028) ($MN)        
46 Global Hydroponics Market Outlook, By Arugula (2020-2028) ($MN)        
47 Global Hydroponics Market Outlook, By Equipment (2020-2028) ($MN)        
48 Global Hydroponics Market Outlook, By Control Systems (2020-2028) ($MN)       
49 Global Hydroponics Market Outlook, By Submersible Pump (2020-2028) ($MN)       
50 Global Hydroponics Market Outlook, By Reservoir (2020-2028) ($MN)         
51 Global Hydroponics Market Outlook, By Material Handling (2020-2028) ($MN)       
52 Global Hydroponics Market Outlook, By Light-Emitting Diode (LED) Growing Lights (2020-2028) ($MN)     
53 Global Hydroponics Market Outlook, By Irrigation System (2020-2028) ($MN)       
54 Global Hydroponics Market Outlook, By Heating, Ventilation & Air Conditioning (HVAC) (2020-2028) ($MN)    
55 Global Hydroponics Market Outlook, By Growing Chamber (2020-2028) ($MN)       
56 Global Hydroponics Market Outlook, By Delivery System (2020-2028) ($MN)       
57 Global Hydroponics Market Outlook, By Communication Technology (2020-2028) ($MN)      
58 Global Hydroponics Market Outlook, By Input (2020-2028) ($MN)        
59 Global Hydroponics Market Outlook, By Nutrients (2020-2028) ($MN)        
60 Global Hydroponics Market Outlook, By NPK (Nitrogen, Phosphorus and Potassium) (2020-2028) ($MN)     
61 Global Hydroponics Market Outlook, By Trace Minerals (2020-2028) ($MN)       
62 Global Hydroponics Market Outlook, By Growth Media (2020-2028) ($MN)       
63 Global Hydroponics Market Outlook, By Rockwool (2020-2028) ($MN)        
64 Global Hydroponics Market Outlook, By Coco Coir/Fiber (2020-2028) ($MN)       
65 Global Hydroponics Market Outlook, By Grow Rocks (2020-2028) ($MN)        
66 Global Hydroponics Market Outlook, By Perlite & Vermiculite (2020-2028) ($MN)       
67 Global Hydroponics Market Outlook, By Clay (2020-2028) ($MN)        
68 Global Hydroponics Market Outlook, By Farming Type (2020-2028) ($MN)       
69 Global Hydroponics Market Outlook, By Indoor Farming (2020-2028) ($MN)       
70 Global Hydroponics Market Outlook, By Outdoor Farming (2020-2028) ($MN)       
71 Global Hydroponics Market Outlook, By Service (2020-2028) ($MN)        
72 Global Hydroponics Market Outlook, By Conventional/Inorganic Hydroponic Solutions (2020-2028) ($MN)    
73 Global Hydroponics Market Outlook, By Micronutrients (2020-2028) ($MN)       
74 Global Hydroponics Market Outlook, By Macronutrients (2020-2028) ($MN)       
75 Global Hydroponics Market Outlook, By Natural and Organic Hydroponic Solutions (2020-2028) ($MN)     
76 Global Hydroponics Market Outlook, By Hoof / Horn meal (2020-2028) ($MN)       
77 Global Hydroponics Market Outlook, By Fish meal (2020-2028) ($MN)        
78 Global Hydroponics Market Outlook, By Dried locust or Grasshopper (2020-2028) ($MN)      
79 Global Hydroponics Market Outlook, By Cottonseed meal (2020-2028) ($MN)       
80 Global Hydroponics Market Outlook, By Blood Meal (2020-2028) ($MN)        
81 Global Hydroponics Market Outlook, By Animal Manure (2020-2028) ($MN)       
82 Global Hydroponics Market Outlook, By Bone Meal (2020-2028) ($MN)        
83 Global Hydroponics Market Outlook, By Distribution Channel (2020-2028) ($MN)       
84 Global Hydroponics Market Outlook, By Business-to-Business (B2B) (2020-2028) ($MN)      
85 Global Hydroponics Market Outlook, By Business-to-Consumer (B2C) (2020-2028) ($MN)      
86 Global Hydroponics Market Outlook, By Online Retailers (2020-2028) ($MN)       
87 Global Hydroponics Market Outlook, By Bulk Suppliers & Distributors (2020-2028) ($MN)      
88 Global Hydroponics Market Outlook, By Modern Trade (2020-2028) ($MN)       
89 Global Hydroponics Market Outlook, By Whole Food and Specialty Stores (2020-2028) ($MN)      
90 Global Hydroponics Market Outlook, By Unorganized Small Stores (2020-2028) ($MN)      
91 Global Hydroponics Market Outlook, By Grocery Stores (2020-2028) ($MN)       
92 Global Hydroponics Market Outlook, By End User (2020-2028) ($MN)        
93 Global Hydroponics Market Outlook, By Residential (2020-2028) ($MN)        
94 Global Hydroponics Market Outlook, By Commercial (2020-2028) ($MN)        
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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