Hydroponics Market - Trends Forecast Till 2028

Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, LED Grow Lights, Irrigation Systems, Material Handling Equipment, Control Systems), Input Type, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-FB-HM-985

Format:  

Number of Pages: 318

Domain: Food & Beverages

Hydroponics Market – Trends Forecast Till 2028

The hydroponics market was valued at USD 9.5 billion in 2020; it is projected to grow at a CAGR of 12.3% to reach USD 17.9 billion by 2026.

Hydroponic farming is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots. Herein, the plant roots are submerged under the chemical solution and checked periodically to ensure that appropriate chemical composition is maintained for growth. As such, the hydroponics method removes the risk of diseases that are caused by soil organisms. Additionally, the hydroponically grown plants produce a higher yield than similar plants grown in soil because of proper control over the nutrients.

The pressure on the agriculture industry to meet the growing demand for grains and food leads to the search for high-yielding farming techniques, such as precision farming and urban farming are some of the factors that have supported long-term expansion for Hydroponics Market.

Hydroponics Market Size Analysis

The increasing adoption of hydroponics and vertical farming systems in the European, accounted for the highest market share in the region.

Hydroponics Market is segmented into type, equipment, input, crop type and region.

On the basis of Type

  • Aggregate systems
  • Liquid systems                                          

On the basis of Equipment  

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

On the basis of Input

  • Nutrients
  • rockwool

On the basis of Crop Type

  • vegetables

On the basis of Region

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

Insights are provided for each region and major countries within the regions

Hydroponics Market Primary Respondent

 

Key Players

  • AeroFarms
  • AmHydro
  • Argus Control Systems Ltd.
  • Emirates Hydroponics Farms
  • Freight Farms
  • Green Sense Farms Holdings, Inc.
  • Heliospectra AB
  • LumiGrow
  • Signify Holding
  • Terra Tech Corp.

Recent Developments

  • In May 2020, InFarm recently started its new outlet in Netherlands at Nijmegen. The facility will build at various locations such as supermarkets, restaurants and distribution centers so that vegetables are grown and harvested at areas close to point of purchase.
  • In April 2020, Scotts Miracle moved its operations of Temecula, California manufacturing plant to produce face shields, due to shortage of personal protective equipment’s so as to contribute to the fight against Covid-19 outbreak.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Hydroponics Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 12.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, equipment, input, crop type and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

AeroFarms; AmHydro; Argus Control Systems Ltd.; Emirates Hydroponics Farms; Freight Farms; Green Sense Farms Holdings, Inc.; Heliospectra AB; LumiGrow; Signify Holding; Terra Tech Corp.

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