PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608244
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608244
Germany Hydroponics Farming Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The German hydroponics farming market is projected to generate $1,366.7 million in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 15.7% from 2024 to 2030, reaching $3,270.3 million by 2030. This growth is driven by government initiatives promoting eco-friendly cultivation through research and subsidies, as well as technological advancements enhancing productivity and efficiency in hydroponic systems.
Key Insights
The LED grow lights equipment category is expected to dominate the market, driven by their energy efficiency and effectiveness in promoting plant growth in controlled environments.
North Rhine-Westphalia holds the largest market share, attributed to its advanced agricultural infrastructure and supportive policies for sustainable farming practices.
Bavaria is anticipated to exhibit the fastest growth, with a focus on adopting innovative hydroponic technologies and expanding urban farming initiatives.
The increasing demand for organic food products is a significant trend, as health-conscious consumers seek pesticide-free and environmentally friendly produce, aligning with the benefits offered by hydroponic farming.
Technological advancements, such as the integration of artificial intelligence (AI) and the Internet of Things (IoT), are enhancing the efficiency and productivity of hydroponic systems, enabling precise monitoring and control of growing conditions.
The market is fragmented, with numerous players focusing on innovation and strategic partnerships to gain a competitive edge.
Urbanization and the scarcity of arable land are driving the adoption of hydroponic farming, as it allows for high-yield crop production in limited spaces without the need for soil.
Government support for sustainable agriculture is fostering the growth of the hydroponics market, with policies and subsidies encouraging the adoption of eco-friendly farming practices.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by crop type
- 1.4.3. Market size breakdown, by crop area
- 1.4.4. Market size breakdown, by farming method
- 1.4.5. Market size breakdown, by equipment
- 1.4.6. Market size breakdown, by state
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Germany Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2019-2030)
- 6.3. Market Revenue, by Crop Type (2019-2030)
- 6.4. Market Revenue, by Crop Area (2019-2030)
- 6.5. Market Revenue, by Farming Method (2019-2030)
- 6.6. Market Revenue, by Equipment (2019-2030)
- 6.7. Market Revenue, by State (2019-2030)
Chapter 7. Competitive Landscape
- 7.1. List of Market Players and their Offerings
- 7.2. Competitive Benchmarking of Key Players
- 7.3. Product Benchmarking of Key Players
- 7.4. Recent Strategic Developments
Chapter 8. Company Profiles
- 8.1. GKR Hydro GmbH
- 8.1.1. Business overview
- 8.1.2. Product and service offerings
- 8.1.3. Key financial summary
- 8.2. Heinz Illi GmbH
- 8.2.1. Business overview
- 8.2.2. Product and service offerings
- 8.2.3. Key financial summary
- 8.3. AABSOO
- 8.3.1. Business overview
- 8.3.2. Product and service offerings
- 8.3.3. Key financial summary
- 8.4. hexafarms GmbH
- 8.4.1. Business overview
- 8.4.2. Product and service offerings
- 8.4.3. Key financial summary
- 8.5. BRUYNZEEL STORAGE SYSTEMS BV
- 8.5.1. Business overview
- 8.5.2. Product and service offerings
- 8.5.3. Key financial summary
- 8.6. VENTURERADAR LIMITED
- 8.6.1. Business overview
- 8.6.2. Product and service offerings
- 8.6.3. Key financial summary
- 8.7. aponix GmbH
- 8.7.1. Business overview
- 8.7.2. Product and service offerings
- 8.7.3. Key financial summary
- 8.8. BO Berlin Organics GmbH
- 8.8.1. Business overview
- 8.8.2. Product and service offerings
- 8.8.3. Key financial summary
- 8.9. Hydroponic Systems International
- 8.9.1. Business overview
- 8.9.2. Product and service offerings
- 8.9.3. Key financial summary
Chapter 9. Appendix
- 9.1. Abbreviations
- 9.2. Sources and References
- 9.3. Related Reports
