Hydroponics Market By Type (Aggregate System, Liquid Hydroponics); By Equipment (HVAC, LED Grow Lights, Irrigation Systems, Material Handling, Control Systems, Others); By Input (Nutrients, Rockwool); By Crop Type (Vegetables, Herbs & Greens, Fruits, Flowers); By Solution (Organic, In Organic); By Farming Type (Indoor Farming, Outdoor Farming); By Distribution Channel (B2B, B2C); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

Hydroponics Market Overview and Definition

The global hydroponics market size was valued at around USD 13.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 12.9% from 2022 to 2032.The market size is projected to succeed in USD 46.2 billion by 2032.

A type of horticulture and a subset of hydroculture; ‘Hydroponics’ is an advanced, modern and environment-friendly farming technique which involves the process of growing a wide range of fruit plants and vegetables with the usage of mineral nutrient solutions in liquid, sand, or gravel while eliminating the use of soil, chemical fertilizers, and pesticides. The plant roots are inserted under the chemical solution, the nutrients of which can come from a variety of different sources including fish excrement, duck manure, purchased chemical fertilizers, or artificial nutrient solutions.

Some of the advantages offered by hydroponic systems include the removal of risk of diseases that are caused by soil organisms, generation of higher yield than similar plants grown in soil, almost 50% faster harvest time than traditional method, reduction in the effects of external environmental factors on crop growth as it provides controlled environment conditions and massive reduction in the burden on natural resources such as land and water, as it requires very less indoor space and the water used in the nutrient solution can be easily recycled and reused.

The global hydroponics market is projected to grow at a CAGR of 12.9% over the period of next 10 years.

Hydroponics Market Drivers

The growth of this market is attributed towards major pertaining factors including; the burgeoning difficulty of growing crops on soil across all regions, the proliferating application of hydroponics in various commercial and residential buildings such as restaurants and residential terraces, the ever-growing population leading to the growth in demand for food products, the reducing arable land area worldwide, the rising adoption of hydroponic systems for indoor farming of vegetables, the increasing awareness among consumers regarding the effects of pesticides and artificial ripening agents on their health, the surging demand for sustainable and protected farming practices and the increasing acceptance of controlled environment agriculture across the globe etc.

Additionally, the tremendous influx of capital by the market players in the recent years has extensively led to an extensive growth in the research and development activities for the achievement of state-of-art technologies that enhance the production levels and also enable variety of cultivations possible. Few notable developments have been in the form of advancements in climate control, nutrient film technique, and sensing technologies among others. Consequently, the hydroponics farming solution providers are seen to be rolling out various ways for the monitoring and management of crops with a plethora of sensors, web platforms, software, and mobile applications. Thus, the introduction of advanced technologies for improving the efficiency of hydroponics technology to enhance the quality and quantity of the produce is creating massive opportunities for the growth of the hydroponics market.

Moreover, governments across different developed and developing regions are witnessed to be extending their support by proactively encouraging the adoption of hydroponics systems by offering subsidies owing to their benefits in terms of environment and food security. Alongside, various non-governmental organizations are also joining their hands and offering their support in the adoption of the hydroponic systems which in turn, is adding to the growth of the hydroponics market collectively.

Furthermore, other factors such as the growing water scarcity across the globe, the growing trend of building indoor gardens for growing organic vegetables with the use of hydroponics technology, the bolstering demand for exotic fruits and vegetables at a higher rate due to the increasing purchasing power of consumers, the rising cultivation of medicinal plants and the proliferating adoption of alternative farming methods for cannabis cultivation owing to the legalization of marijuana in different countries further augment the growth of the hydroponics market.

However, factors such as the high capital investment and maintenance cost associated with hydroponics, the lack of government support and awareness among the farming communities regarding hydroponics especially in the developing countries and the concerns regarding spread of waterborne diseases and algae in closed systems hinder the growth of the hydroponics market.

Hydroponics Market Segmentation

By Type

• Aggregate System
  • Water Culture System
  • EBB and Flow System
  • Drip System
  • Others

• Liquid Hydroponics
  • Nutrient Film Technique
  • Deep Water Culture
  • Aeroponics
  • Others

By Equipment

• HVAC
• LED Grow Lights
• Irrigation Systems
• Material Handling
• Control Systems
• Others

By Input

• Nutrients
  • NPK
  • Trace Minerals
  • Others
  • Grow Media
• Rockwool
  • Perlite & Vermiculite
  • Coco Fiber
  • Others

By Crop Type

• Vegetables
  • Kohlrabi
  • Radish
  • Cucumber
  • Tomatoes
  • Peppers
  • Others
• Herbs & Greens
  • Arugula
  • Lettuce
  • Cilantro
  • Basil
  • Mint
  • Parsley
  • Spinach
  • Others
• Fruits
  • Strawberry
  • Blueberry
  • Watermelons
  • Grapes
  • Cantaloupe
  • Others
• Flowers

By Solution

• Organic
  • Bone meal
  • Hoof / Horn meal
  • Fish meal
  • blood meal
  • Cottonseed meal
  • Dried locust or Grasshopper
  • Animal Manure
  • Others
• In Organic
  • Macronutrients
  • Micronutrients

By Farming Type

• Indoor Farming
• Outdoor Farming

By Distribution Channel

• B2B
• B2C
  • Modern Trade
  • Grocery Stores
  • Specialty Stores
  • Bulk Suppliers & Distributors
  • Online retailers

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Hydroponics Market Regional Insight

The European region holds the largest share in the hydroponics market and is further anticipated to maintain this trend over the years to follow. The growth in the region can be accounted to various primary factors including the bolstering adoption of hydroponics and vertical farming systems in the region, the presence of large areas under greenhouse cultivation in the region, the increasing advancement in greenhouse farming in the region, the increasing awareness among consumers regarding the quality difference in greenhouse-grown vegetables in the region and the growing encouragement by the European Environment Agency (EEA) for building vertical farms in the region etc. Furthermore, other factors such as rising industrialization, scarcity of land and the rapidly escalating cultivation of a wide variety of vegetables also influence the growth of the market in this region. The major contributors in the region include Germany, Italy, Netherlands, Spain, and France.

The Asia-Pacific region holds the second largest share in the hydroponics market and is further projected to witness mammoth growth in the upcoming years owing to factors such as the proliferating adoption of advanced agricultural technologies among the farmers in the region, the surging adoption of hydroponics in the major economies of the region, the rapid installation of urban hydroponic farms in the region and the increasing investments in R&D activities in the region etc. Furthermore, other factors such as the augmenting population and the burgeoning demand for pesticide free food also contribute significantly to the growth of the market in the region. The major contributors in the region include India, Japan and China.

The North American region is the fastest growing hydroponics market in terms of region. The growth in the region could be attributed to factors such as the spurring demand for organically grown and fresh vegetables and fruits in the region, the increasing adoption of alternative farming techniques and hydroponics as a cultivation method in the region, the escalating establishment of rooftop hydroponic gardens in the region and the presence of well-established companies in the region etc. The major contributors to the region are U.S, Mexico, and Canada.

Hydroponics Market Key Players

• DS Group
• Letectra Agritech Pvt Ltd.
• Hydrofarm Inc.
• Village Farms International Inc.
• Sparsh Bio Life
• Neoterra Farming Technologies Pvt Ltd.
• Argus Control Systems Ltd.
• Hortisystems UK Ltd.
• GreenTech Agro LLC
• Kubo Group
• Iron Ox (US)
• Terra Tech Corp
• Hydroponic Farms
• Aerofarms
• Signify Holdings
• Urban cultivator
• Bright Farms
• Delhiponics
• Hydroherbs
• Simply Fresh Inc.
• Junga Freshngreen Pvt Ltd.
• General Hydroponics Inc.
• Triton Food Works Pvt Ltd.
• Fresco
• Emirates Hydroponics Farms
• Freight Farms
• Green Sense Farms Holdings Inc.
• Koninklijke Philips NV
• Biodynamic LLC
• Signify Holdings
• Heliospectra AB
• Scotts Miracle Gro
• LumiGrow Inc.
• Emerald Harvest
• Hydroponic Systems International
• Advanced Nutrients
• Vitalink
• Hydrodynamics International Inc.
• Logiqs B.V
• Grobo
• American Hydroponics Inc.
• Circle Fresh Farms
• Platinum Produce Company and Millennium Pacific Greenhouses Ltd.
• Soave Enterprises LLC
• Others Players

 RECENT DEVELOPMENTS:

• In March 2021, GrowGeneration Corp., one the largest chain of specialty hydroponic and organic garden centers announced its acquisition of Aquarius Hydroponics, an indoor-outdoor garden supply center specializing in hydroponics systems, lighting and nutrients.
• In April 2021, Oppy teamed with agribusiness specialist Red Dog Management and agricultural investment firm Farmers Gate in a joint venture called New Wave Berry LLC with the goal of growing strawberries hydroponically. The new hydroponic tabletop strawberry line will be grown in a newly constructed high tunnel facility in Santa Maria, Calif.

Research Methodology

Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Hydroponics Market
3. Global Hydroponics Market Trends
4. Opportunities in Global Hydroponics Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

9. Global Hydroponics Market Segmentation Analysis, By Product
9.1. Introduction
9.2. Market Attractiveness, By Product
9.3. BPS Analysis, By Product
9.4. Growing Chamber Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.5. Pump & Tubing Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.6. Growing LED Lights Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.7. HVAC Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.8. Growing Supplies Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.9. Controlling Equipment Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.10. Reservoir Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
9.11. Accessories Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

10. Global Hydroponics Market Segmentation Analysis, By System
10.1. Introduction
10.2. Market Attractiveness, By System
10.3. BPS Analysis, By System
10.4. Aggregate Hydroponics System Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
10.4.1. Closed Systems Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
10.4.2. Open Systems Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
10.5. Liquid Hydroponics System Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
10.5.1. Nutrient Film Technique (NFT) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
10.5.2. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

11. Global Hydroponics Market Segmentation Analysis, By Crop
11.1. Introduction
11.2. Market Attractiveness, By Crop
11.3. BPS Analysis, By Crop
11.4. Lettuce Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5. Microgreens Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6. Medical Marijuana Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.7. Tomatoes Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.8. Herbs Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.9. Pepper Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.10. Cucumber Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
11.11. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

12. Geographical Analysis
12.1. Introduction
12.2. North America Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.2.1. By Product
12.2.2. By System
12.2.3. By Crop
12.2.4. By Country
12.2.4.1. Market Attractiveness, By Crop
12.2.4.2. BPS Analysis, Application
12.2.4.3. U.S. Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.2.4.4. Canada Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

12.3. Europe Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.1. By Product
12.3.2. By System
12.3.3. By Crop
12.3.4. By Country
12.3.4.1. Market Attractiveness, By Country
12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.4. United Kingdom Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.5. France Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.6. Italy Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.7. Spain Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.8. Russia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.3.4.9. Rest of Europe Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

12.4. Asia Pacific Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.1. By Product
12.4.2. By System
12.4.3. By Crop
12.4.4. By Country
12.4.4.1. Market Attractiveness, By Country
12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.4. India Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.5. Japan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.6. South Korea Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.7. Indonesia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.8. Taiwan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.9. Australia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.10. New Zealand Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.4.4.11. Rest of Asia Pacific Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

12.5. Latin America Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.5.1. By Product
12.5.2. By System
12.5.3. By Crop
12.5.4. By Country
12.5.4.1. Market Attractiveness, By Country
12.5.4.2. BPS Analysis, By Country
12.5.4.3. Brazil Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.5.4.4. Mexico Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.5.4.5. Rest of Latin America Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

12.6. Middle East & Africa Hydroponics Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.6.1. By Product
12.6.2. By System
12.6.3. By Crop
12.6.4. By Geography
12.6.4.1. Market Attractiveness, By Geography
12.6.4.2. BPS Analysis, By Geography
12.6.4.3. GCC Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.6.4.4. North Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.6.4.5. South Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025
12.6.4.6. Rest of Middle East & Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2019-2025

13. Competitive Landscape
13.1. Market Share of Key Players
13.2. Market Positioning of Major Players in Global Hydroponics Market
13.3. Company Profiles
13.3.1. Amhydro
13.3.1.1. Product Offered
13.3.1.2. Business Strategy
13.3.1.3. Financials
13.3.1.4. SWOT Analysis
13.3.1.5. Market Share Analysis
13.3.1.6. Key Achievements & Developments
13.3.2. American Hydroponics
13.3.3. The Hydroponics Company Limited
13.3.4. HydroGarden
13.3.5. Hanna Instruments, Inc.
13.3.6. General Hydroponics
13.3.7. Hydrofarm
13.3.8. Greentech Agro, LLC
13.3.9. Hydrodynamics International, Inc.
13.3.10. Heliospectra AB
13.3.11. Lumigrow Inc.
13.3.12. Others Major & Niche Players