Hydroponics Market By Product Type (Aggregate Hydroponic System (Closed Systems and Open Systems) and Liquid Hydroponic Systems), By Crop Type (Tomato, Cucumber, Pepper, Lettuce & Leafy Vegetables and others) and By Region - Trends, Analysis and Forecast till 2029

Hydroponics Market accounted for USD 9.52 Billion in 2020 and is estimated to be USD 28.61 Billion by 2030 and is anticipated to register a CAGR of 11.7%.

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.

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.

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.

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

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.

• 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.
• General Hydroponics, Inc.