Hydroponics Market, By Equipment, By Type (Aggregate systems, Ebb & flow systems, Drip systems, Wick systems, Liquid systems, Deep water culture, Nutrient film technique, and Aeroponics), By Crop Type, By Input Type, By Geography

Description

The hydroponics market is estimated to be valued at USD 47.38 Bn in 2024 and is expected to reach USD 105.39 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 47.38 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	12.10%	2031 Value Projection:	US$ 105.39 Bn

Figure 1.Hydroponics Market Share (%), By Region, 2024

Hydroponics is a subset of hydro culture, which is a method of growing plants without soil, instead of using mineral nutrient solutions in an aqueous solvent. Termed as soilless farming, hydroponics is gaining immense popularity globally as it uses 70-90% less water compared to traditional agriculture and provides higher yield per land area. With the growing global population and reducing arable land, hydroponics is emerging as a sustainable solution for meeting the rising food demand. Several cities across the developed world are adopting roof-top and vertical hydroponics farms to ensure food security. The hydroponics market is expected to grow substantially in the coming years as consumers become more environment conscious and demand locally grown chemical-free produce.

Market Dynamics:

The global hydroponics market is driven by factors such as limited availability of arable land, growing adoption of sustainable farming practices, rising population, and increasing demand for chemical-free organic foods. However, the market faces restraints from high initial setup and maintenance costs of hydroponic greenhouses and lack of standardized regulations. The market players have opportunities from the increasing commercial greenhouse vegetable production in developing nations. The rising popularity of indoor vertical farming is also extending new growth opportunities. Precision agriculture using IoT sensors and data analysis is another trend gaining foothold in the hydroponics market space.

Key Features of the Study:

This report provides an in-depth analysis of the global hydroponics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global hydroponics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Argus Control System, Koninklijke Philips NV , Greentech Agro LLC , Biodynamic LLC, General Hydroponics, Inc., Logiqs B.V., Lumigrow, Inc., Hydrofarm Inc., Hydrodynamics International Inc., Heliospectra AB, Village Farms International, Inc., Platinum Produce Company , Millennium Pacific Greenhouses Ltd, Soave Enterprises LLC., Nutrifresh, Rise hydroponics, Urban Kisaan, Cochin Ela Sustainable Solutions, Brio Hydroponics, and Rise Hydroponics.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global hydroponics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydroponics market.

Market Segmentation

Equipment:
- HVAC
- Communication Technology
- LED Grow Light
- Irrigation System
- Material Handling
- Control System
- Others
Type:
- Aggregate systems
- Ebb & flow systems
- Drip systems
- Wick systems
- Liquid systems
- Deep water culture
- Nutrient film technique (NFT)
- Aeroponics
Crop Type:
- Tomato
- Lettuce & Leafy Vegetables
- Cucumber
- Pepper
- Fruits
- Others
Input Type:
- Nutrients
- NPK
- Trace minerals
- Other nutrients
- Grow media
- Rockwool
- Perlite & vermiculite
- Coco fiber
- Other grow media
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Argus Control System
- Koninklijke Philips NV
- Greentech Agro LLC
- Biodynamic LLC
- General Hydroponics, Inc.
- Logiqs B.V.
- Lumigrow, Inc.
- Hydrofarm Inc.
- Hydrodynamics International Inc.
- Heliospectra AB
- Village Farms International, Inc.
- Platinum Produce Company
- Millennium Pacific Greenhouses Ltd
- Soave Enterprises LLC.
- Nutrifresh
- Rise hydroponics
- Urban Kisaan
- Cochin Ela Sustainable Solutions
- Brio Hydroponics
- Rise Hydroponics

Product Code: CMI1001

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Equipment
- Market Snippet, By Type
- Market Snippet, By Crop Type
- Market Snippet, By Input Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Hydroponics Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Hydroponics Market - COVID-19
Impact Analysis

5. Global Hydroponics Market, By Equipment 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2019, 2024, and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
HVAC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Communication Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
LED Grow Light
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Irrigation System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Material Handling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Control System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

6. Global Hydroponics Market, By Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2019, 2024, and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aggregate Hydroponics Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Aggregate systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Ebb & flow systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Drip systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Wick systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Liquid systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Deep water culture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Nutrient film technique (NFT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Aeroponics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

7. Global Hydroponics Market, By Crop Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2019, 2024, and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Tomato
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Lettuce & Leafy Vegetables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Cucumber
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Pepper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Fruits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

8. Global Hydroponics Market, By Input Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2019, 2024, and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Nutrients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
NPK
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Trace minerals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Other nutrients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Grow media
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Rockwool
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Perlite & vermiculite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Coco fiber
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Other grow media
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

9. Global Hydroponics Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2019, 2024, and 2028 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
- Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
- Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Region, 2019 - 2031
- Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
- Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
- Sub-Regions
GCC Countries
Israel
Rest of the Middle East & Africa

10. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Argus Control System (Canada)
Company Overview
Product Portfolio
Recent Developments/Updates
- Koninklijke Philips NV (The Netherlands)
- Greentech Agro LLC (U.S.)
- Biodynamic LLC.
- General Hydroponics, Inc.
- Logiqs B.V. (The Netherlands)
- Lumigrow, Inc. (U.S.)
- Hydrofarm Inc.
- Hydrodynamics International Inc.
- Heliospectra AB
- Village Farms International, Inc.
- Platinum Produce Company and Millennium Pacific Greenhouses Ltd
- Soave Enterprises LLC.
- Nutrifresh
- Rise hydroponics
- Urban Kisaan
- Cochin Ela Sustainable Solutions
- Brio Hydroponics
- Rise Hydroponics

11. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section

References
Research Methodology
About Us and Sales Contact
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