Hydroponics Market by Type (Nutrient Film Technique, Ebb and Flow, Drip System, Deep Water Culture, Other Types), Crop Type, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Hydroponics Market Size

The global hydroponics market size was valued at $13.48 billion in 2023 and is projected to reach $27.03 billion by 2029, growing at a CAGR of 12.3% from 2023 to 2029.

Hydroponics Market Overview

Hydroponics is a soilless method of cultivating plants that rely on a nutrient-rich water solution to deliver essential minerals directly to the plant roots. In this innovative agricultural approach, traditional soil is replaced by an inert growing medium such as perlite, vermiculite, or coconut coir, providing physical support to the plants while allowing for optimal nutrient absorption. The nutrient solution, which contains a precise blend of minerals required for plant growth, is circulated around the roots in a controlled environment. Hydroponic systems vary, including techniques like nutrient film, deep water culture, and aeroponics, each offering distinct advantages. By eliminating the need for soil, hydroponics allows for precise control over the growing conditions, optimizing resource efficiency and minimizing environmental impact. This method often results in faster growth rates and increased yields, making hydroponics a sustainable and space-efficient alternative to traditional soil-based agriculture.

Market Dynamics:

Growth Drivers

• Growing demand for fresh and nutritious food products.
• Rising awareness about the benefits of hydroponic farming.

Constraints

• Availability of cheaper conventional farming methods.
• High initial investment is required for setting up a hydroponic farm.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on type, the market is bifurcated into nutrient film technique, ebb and flow, drip system, deep water culture, and other types.

By crop type, the market is fragmented into fruits and vegetables, flowers, herbs, and other crop types.

List of the Key Players Profiled in the Report Includes:

• AeroFarms
• Argus Control Systems Ltd.
• Bright Farms Inc.
• General Hydroponics Inc.
• Heliospectra AB
• Hydrofarm Holdings Group, Inc.
• Scotts Miracle-Gro Company
• Signify Holding (Philips Lighting)
• Terra Tech Corp.
• Village Farms International Inc.

Market by, Geography:

The hydroponics market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Hydroponics Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Hydroponics Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Hydroponics Market by, Type 
 6.1 Overview 
 6.2 Nutrient Film Technique 
 6.3 Ebb and Flow 
 6.4 Drip System 
 6.5 Deep Water Culture 
 6.6 Other Types 
 
7 Global Hydroponics Market by, Crop Type 
 7.1 Overview 
 7.2 Fruits and Vegetables 
 7.3 Flowers 
 7.4 Herbs 
 7.5 Other Crop Types 
 
8 Global Hydroponics Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 AeroFarms 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Argus Control Systems Ltd. 
 10.3 Bright Farms Inc. 
 10.4 General Hydroponics Inc. 
 10.5 Heliospectra AB 
 10.6 Hydrofarm Holdings Group, Inc. 
 10.7 Scotts Miracle-Gro Company 
 10.8 Signify Holding (Philips Lighting) 
 10.9 Terra Tech Corp. 
 10.10 Village Farms International Inc.