Global Hydroponics Market By Product Overview
Introduction:
Hydroponics is termed as subset of hydro culture, a method of growing plants using mineral nutrient solutions, in water without soil. The nutrients in a hydroponic system are treated with water and sent to the root system. Hydroponics process use an inert medium such as rock wool, perlite, peat moss, vermiculite, clay pellets, and many others for growing plants in a particular controlled climate condition. Growing crops with hydroponics process have many advantages such as increased growth rate of plants. The plants that are grown using hydroponics are known to grow faster and stronger compared to traditional farming. The crop grown in local hydroponic conditions are better in taste and safer than the food grown in natural conditions. The high humidity of hydroponic greenhouses can make these vegetables susceptible to salmonella contamination. It’s one of the expensive hobbies, it requires constant monitoring and maintenance and here plants required multiple nutrients to grow. The hydroponics market accounted for US$ 9.52 billion in 2020 and is estimated to be US$ 28.61 billion by 2030 and is anticipated to register a CAGR of 11.7%.
Global Hydroponics Market By Product Dynamics
Rising awareness about health benefits
Increasing awareness about health benefits is the major factor that drives the growth of hydroponics market. Further, rise in the consumption of exotic, salad crops and growing emphasis on food security fosters the growth of hydroponics market. Moreover, changing preferences of people for hydroponics as profit farming, rising disposable income and increasing consumer buying power are some of the factors that drive the growth of hydroponics market in the near future. In addition, rapid urbanization, changing lifestyle, change in taste and preferences of food and beverages among consumers also boost the growth of hydroponics market. However, low awareness about hydroponics, lack of scientific knowledge regarding the soil-less agriculture system and high setup cost are the factors that restrain the growth of hydroponics market.
Global Hydroponics Market By Product Segmentation
The hydroponics market is segmented based on product type, crop type and region.
On the basis of product type, the hydroponics market is segmented into aggregate hydroponic system (closed systems and open systems) and liquid hydroponic systems. On the basis of crop type, the hydroponics market is segmented into Tomato, Cucumber, Pepper, Lettuce & Leafy Vegetables and others.
Regional Insights:
The hydroponics market accounted for US$ 9.52 billion in 2020 and is estimated to be US$ 28.61 billion by 2030 and is anticipated to register a CAGR of 11.7%. On region the hydroponics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds significant share in the growth of hydroponics market owing to hanging preferences of people for hydroponics as profit farming. Europe is expected to hold maximum share in the growth of hydroponics market. This can be attributed to high adoption of hydroponic smart greenhouse horticulture in countries such as France, Netherlands, and Spain. Moreover, increasing consumer’s awareness for the quality difference in greenhouse-grown vegetables also boosts the growth of hydroponics market. Asia Pacific is also estimated to foster the growth of hydroponics market over a forecast period due to changing lifestyle of people, and higher demand for natural fruit flavors as compared to aerated soft drinks in the countries such as China and India.
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Product Type- Aggregate Hydroponic System (Closed System and Open Systems) and Liquid Hydroponic Systems By Crop Type– Tomato, Cucumber, Pepper, Lettuce & Leafy Vegetables and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global hydroponics market report based on product type, crop type and region.
Hydroponics Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Hydroponics Market By Product Key Players
The key players operating in the hydroponics market includes Bright Farms Inc., Argus Control Systems Ltd., Horti systems UK Ltd., Kubo Group, Green Tech Agro LLC, American Hydroponics, Inc., Hydro Wholesale Inc, Hydrodynamics International, Inc., AMCO Produce Inc. and General Hydroponics, Inc.
Bright Farms Inc.
In 2021, they had grows over 2 million pounds hydroponics green leafy salads in their new Henderson County greenhouse for the local market.
Global Hydroponics Market By Product Company Profile
- Bright Farms Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Argus Control Systems Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Horti systems UK Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kubo Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Green Tech Agro LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- American Hydroponics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydro Wholesale Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydrodynamics International, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AMCO Produce Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Hydroponics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Hydroponics Market By Product Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Crop Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Aggregate Hydroponic System (Closed Systems and Open Systems)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Liquid Hydroponic Systems
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Crop Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Tomato
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cucumber
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pepper
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Lettuce & Leafy Vegetables and others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Crop Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Crop Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Crop Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Crop Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Crop Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Bright Farms Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Argus Control Systems Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kubo Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Green Tech Agro LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- American Hydroponics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydro Wholesale Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydrodynamics International, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AMCO Produce Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Hydroponics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Hydroponics Market report segments the market on the basis of product type, crop type and region.
The growing awareness of the health benefits of hydroponics is a fundamental factor driving the market's growth.
The Asia Pacific dominated the hydroponics market with a share of 36.9% in 2020. This is attributable to the substantial adoption of hydroponics in China, Australia, and South Korea.
The leading players operating in the Global Hydroponics Market includes Bright Farms Inc., Argus Control Systems Ltd., Horti systems UK Ltd., Kubo Group, Green Tech Agro LLC, American Hydroponics, Inc., Hydro Wholesale Inc, Hydrodynamics International, Inc., AMCO Produce Inc. and General Hydroponics, Inc.