"Exploring the Growing World of Hydroponics: Strategies for Capturing the Growing Hydroponics Market"
By 2032, it is expected that the worldwide Hydroponics Market will have grown significantly, reaching a projected value of $28,510.2 million. The market is driven by factors like the rising food consumption, the challenges of traditional soil-based agriculture, the commercial success of the hydroponics industry, developments in hydroponic systems, and the expanding preference for pesticide-free and naturally ripened produce. It is expected to grow at a steady annual rate of 13.6% from 2022 to 2032.
The demand for food is growing as the world's population expands. Traditional farming practises, however, confront various difficulties, such as a lack of available arable land, unpredictable weather, and soil deterioration. By growing plants in a system without soil and using nutrient-rich water solutions, hydroponics provides an effective and sustainable option. With the help of this technique, crops can be grown all year round in controlled settings, maximising land use.
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The commercial success of the hydroponics sector has been crucial in fostering market expansion. Commercial hydroponics systems have improved in efficiency and economic viability as a result of technological developments and increased knowledge of hydroponic agricultural methods. Higher crop yields, quicker growth rates, less water usage, and the possibility to grow crops indoors are just a few benefits of hydroponics.
Additionally, there has been a noticeable increase in the demand for naturally ripened, pesticide-free vegetables in recent years. With no requirement for soil, hydroponics reduces the risk of pests and diseases that are carried by the soil. Additionally, hydroponic systems can be configured to give plants the nourishment they need, producing produce that is healthier and more nutrient-dense. This supports consumers' growing need for food that is safe, organic, and sustainably produced, further promoting the use of hydroponics.
The hydroponics market is anticipated to expand significantly over the next several years as a result of the rising worldwide population and critical issues surrounding sustainable food production.
Highlighted with 92 tables and 93 figures, this 184 page report “Global Hydroponics Market 2022-2032 by Product Type (Aggregate System, Liquid Hydroponics), Input (Growth Media, Nutrients), Equipment (Irrigation, HVAC, LED Lights, Material Handling, Control Systems), Crop (Tomatoes, Lettuce & Leafy Vegetables, Peppers, Cucumbers, Strawberry, Herbs, Flowers), Distribution Channel (Online, Offline), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global hydroponics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global hydroponics market in every aspect of the classification from perspectives of Product Type, Input, Equipment, Crop, Distribution Channel, and Region.
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Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Aggregate System
o EBB and Flow System
o Wick System
o Drip System
o Other Aggregate Systems
- Liquid Hydroponics
o Aeroponics
o Nutrient Film Technique
o Deep Water Culture
o Other Liquid Hydroponics
Based on Input, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Growth Media
- Nutrients
- Other Inputs
By Equipment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Irrigation System
- HVAC
- LED Growing Lights
- Material Handling
- Control Systems
- Other Equipment
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By Crop, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Tomatoes
- Lettuce & Leafy Vegetables
- Peppers
- Cucumbers
- Strawberry
- Herbs
- Flowers
- Other Crops
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Online Channels
- Offline Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Product Type, Equipment and Crop over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Advanced Nutrients Ltd.
Aerofarms
American Hydroponics
Argus Control Systems Limited (Controlled Environments Limited)
Emerald Harvest Co.
Freight Farms
General Hydroponics Inc.
GreenTech Agro LLC
Heliospectra AB
Hydrodynamics International Inc.
Hydroponic Systems International
Logiqs B.V.
LumiGrow Inc.
Scotts Miracle Gro
Signify N.V.
Village Farms International Inc.
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