Reports
Sale
Global Hydroponics Market Size, Share, Trends, Forecast: By Product Type: Aggregate Hydroponic System, Liquid Hydroponic System; By Equipment: Heating, Ventilation, and Air Conditioning (HVAC), LED Growing Lights, Irrigation Systems, Control Systems, Others; By Crop Type; Regional Analysis; Competitive Landscape; 2024-2032
Hydroponics Market Growth
The steadily increasing population is expected to bolster the growth of the hydroponics industry in the coming years. This can be attributed to the increased demand for food and agricultural produce among the rising population. In addition, the growing awareness among consumers regarding the essential benefits of hydroponic farming such as higher growth rate, higher yield, easy pest control, low water consumption, and reduced soil and water pollution, among others is anticipated to bolster the market growth in the forecast period. Moreover, the rising disposable incomes and improved living standards are driving individuals to invest in hydroponic farming and use this method for home food production . Furthermore, increased investments to support the development of the agriculture sector and promote sustainable farming practices are also estimated to aid the industry. These factors are anticipated to contribute to the market growth in the forecast period.
Hydroponics Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hydroponics Market Analysis
8.1 Global Hydroponics Market Drivers
8.2 Global Hydroponics Historical Market (2018-2023)
8.3 Global Hydroponics Market Forecast (2024-2032)
8.4 Global Hydroponics Market by Product Type
8.4.1 Aggregate Hydroponic System
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by System
8.4.1.3.1 Closed System
8.4.1.3.2 Open System
8.4.2 Liquid Hydroponic System
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Hydroponics Market by Equipment
8.5.1 Heating, Ventilation, and Air Conditioning (HVAC)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 LED Growing Lights
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Irrigation Systems
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Control Systems
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Hydroponics Market by Crop Type
8.6.1 Vegetables
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Fruits
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Flowers
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Hydroponics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Hydroponics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hydroponics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Netherlands
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Hydroponics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hydroponics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hydroponics Market Analysis
13.1 United Arab Emirates
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Cost Analysis
16.1 Overview
16.2 Site Development
16.3 Equipment
16.4 Production Supplies
16.5 Utilities and Packaging
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Argus Control Systems Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Heliospectra AB
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 RISING FARMS
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Freight Farms, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Lettuce Grow LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Triton Foodworks Pvt. Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 AeroFarms, LLCOthers
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hydroponics Market: Key Industry Highlights, 2018 and 2032
2. Global Hydroponics Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Hydroponics Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Hydroponics Historical Market: Breakup by Equipment (USD Billion), 2018-2023
5. Global Hydroponics Market Forecast: Breakup by Equipment (USD Billion), 2024-2032
6. Global Hydroponics Historical Market: Breakup by Crop Type (USD Billion), 2018-2023
7. Global Hydroponics Market Forecast: Breakup by Crop Type (USD Billion), 2024-2032
8. Global Hydroponics Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Hydroponics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Hydroponics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Hydroponics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Hydroponics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Hydroponics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Hydroponics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Hydroponics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Hydroponics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Hydroponics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Hydroponics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Hydroponics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Hydroponics Market Structure
Key Questions Answered in the Report
In 2023, the global hydroponics market attained a value of nearly USD 7,068.4 million.
The market is projected to grow at a CAGR of 20.1% between 2024 and 2032.
The major drivers of the market include the growing awareness among consumers regarding the essential benefits of hydroponic farming, rising disposable incomes, improved living standards, rapid urbanisation, increased government investments to support the development of the agriculture sector and promote sustainable farming practices, and increasing use of inert soil media.
The steadily increasing population and increased demand for food and agricultural produce are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product types include aggregate hydroponic system and liquid hydroponic system.
The different equipment considered in the market report include heating, ventilation and air conditioning (HVAC), LED growing lights, irrigation systems, and control systems, among others.
The major crop types can be segmented into vegetables, fruits, and flowers, among others.
The major players in the market are Argus Control Systems Limited, Heliospectra AB, RISING FARMS, Freight Farms, Inc., Lettuce Grow LLC, Triton Foodworks Pvt. Ltd., AeroFarms, LLC, among others.
Analyst Review
The global hydroponics market reached a value of USD 7,068.4 million in 2023, driven by the increased demand for food and agricultural produce. Aided by the growing awareness among consumers regarding the essential benefits of hydroponic farming and the steadily increasing population, the market is further assessed to grow at a CAGR of 20.1% during 2024-2032 to reach a value of USD 20,751.6 million by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is divided into aggregate hydroponic system and liquid hydroponic system. On the basis of equipment, the industry can be segmented into heating, ventilation and air conditioning (HVAC), LED growing lights, irrigation systems, and control systems, among others. Based on crop type, the market can be segmented into vegetables, fruits, and flowers, among others. The major regional markets for hydroponics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Argus Control Systems Limited, Heliospectra AB, RISING FARMS, Freight Farms, Inc., Lettuce Grow LLC, Triton Foodworks Pvt. Ltd., AeroFarms, LLC, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER