Hydroponics Market

Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, and Region – Global Forecast to 2025

Report Code: AGI 4075 May, 2019, by marketsandmarkets.com

[170 Pages Report] The overall hydroponics system market is projected to grow from USD 8.1 billion in 2019 to USD 16.0 billion by 2025, at a CAGR of 12.1%. Hydroponic systems provide higher yield compared to traditional agricultural techniques, owing to the increase in harvest cycles. Furthermore, hydroponic systems eliminate the use of artificial ripening agents and pesticides, which helps in creating nutritionally superior vegetable products. The market for hydroponics is fragmented at the global level, with multiple innovative start-ups and emerging companies entering the hydroponics market. Major companies have been trying to enter this space, either by developing hydroponic components or by investing in the technology for crop cultivation.

Hydroponics Market

Market Dynamics

Higher yield as compared to conventional agriculture practices

According to the FAO, due to the increasing population, food production is expected to rise by 70% before 2050. On the other hand, natural prerequisites of agriculture, viz., arable land and water have been depleting, with rapid urbanization across the globe. To feed the increasing population, the productivity of food crops needs to be increased in the existing arable land, and also alternative farming techniques such as urban farming need to be encouraged.

Hydroponic systems or soil-less agriculture reduce the farmer’s consumption of resources, thereby enabling this farming technique to be adopted by a large number of stakeholders, ranging from home gardeners to professional growers, and supermarkets to restaurants. According to the UN reports on global population, plants grown in hydroponic systems have achieved 20%–25% higher yield than the traditional agriculture system, with its productivity being 2–5 times higher. Also, owing to controlled environmental conditions, the effect of climatic changes can be balanced with the help of these systems, thereby not affecting the annual crop production. CEH techniques directly affect the crop harvest cycle; hence, for hydroponic systems, crop harvest cycles are shorter in comparison to traditional farming techniques, thereby increasing the annual yield. Also, since climatic changes show a minimal effect on such systems, crops can be produced all year round, thereby again increasing the produce.

Lack of government policy and tax breaks in developing countries

Hydroponic farming is seen as a key factor in improving food security in developing regions; however, while government support through tax cuts is present in developed countries, the same cannot be said for developing countries. The availability of the best equipment is fairly limited and often needs to be imported, which attracts taxes adding to the costs for hydroponic growers. The lack of tax cuts and incentives is also a key factor that hinders the growth of hydroponics in developing regions as the high set-up costs and running costs can often render operations unfeasible. The need for basic training and technical knowledge is necessary for operating hydroponic farms, which although is present in developing countries, does not add significantly to the value of hydroponic farms. The high costs of production often result in high costs of the final product, which in itself can draw consumers away in price-sensitive markets.

Entrance of new players in the market

Due to increased popularity and adoption of hydroponics, many new players are entering the market. For instance, Larry Ellison, founder, chairman, and CTO of Oracle, launched a hydroponic farming start-up, named Sensei in Los Angeles. The company plans to build 10 greenhouses covering 200,000 square feet on the Hawaiian island of Lanai and instead of measuring output by volume, Sensei will measure nutrition per acre.

Various investors are also supporting hydroponics start-ups globally. For instance, in June 2017 a high-tech indoor, vertical farming start-up, Bowery Farming, announced it had raised USD 20 million in a Series A1 co-led by General Catalyst and GGV Capital, and including GV, First Round Capital, and other seed round investors. In July 2017, a San Francisco-based indoor vertical farming start-up, Plenty, raised the largest agtech funding round in history – a USD 200 million Series B led by SoftBank Vision Fund – the USD 93 billion all-stage tech fund headed by a Japanese investor, Masayoshi Son. Other participants in the round include affiliates of Louis M. Bacon, the founder of Moore Capital Management, and existing investors Eric Schmidt’s Innovation Endeavors, Finistere, DCM, Data Collective, and Bezos Expeditions. Plenty has plans to open 500 hydroponics farms in all the major cities of more than 1 million inhabitants, globally.

Many start-ups have also emerged in the Asia Pacific region, the fastest-growing region for the hydroponics market. For instance, Future Farms based in Chennai, India has developed effective and accessible farming kits to facilitate hydroponics. The company develops indigenous systems and solutions, made from premium, food-grade materials that are efficient and affordable for Indian growers. Junga FreshnGreen, an agri-tech start-up, is a joint venture with a leading Netherlands-based Agricultural technology company – Westlandse Project Combinatie BV (WPC). It is setting up high-technology farms in India. The company will create a hydroponics model that can cultivate farm fresh vegetables that have a predictable quality, having little or no pesticides, and unaffected by weather or soil conditions.

Spread of waterborne diseases and algae in closed systems

One of the key advantages of growing plants hydroponically is the lack of soil-borne diseases and pests; however, in a closed hydroponic system, the threat of waterborne diseases poses a major problem to growers. Considering that the nutrient-enriched water is recirculated throughout the system, any kind of waterborne disease that enters the nutrient reservoir often affects the whole crop as it has the capability to spread throughout. Growers often keep their plants spaced out to prevent crowding, which is often how pathogens enter the system.

The modulation of internal temperatures is also a crucial step as heat and moisture in an irrigation system if left untreated can result in the formation of molds and algae, which can draw nutrients from the water, thereby leaving little for plants, thereby affecting the crops in the process. To combat the instances of waterborne diseases, growers are resorting to using screen or paper filters and additional filtration systems to curb the spread of waterborne diseases in the system. Other safety measures included in systems include a rapid flush system to drain the water from the crops and prevent the spread of any pathogens.

On the basis of system type, the liquid systems segment is projected to be the largest contributor to the hydroponic systems market during the forecast period

The hydroponic systems market has been segmented, on the basis of system type, into aggregate and liquid systems. The hydroponics market for liquid systems is projected to record the highest growth between 2019 and 2025. Liquid systems have been proved to be efficient and also cost-effective in comparison to basic models. In comparison with the closed model of aggregate systems, liquid systems show higher productivity, and hence, the majority of the growers have been installing liquid systems for their crop production. Moreover, liquid systems are used extensively for lettuce production and also support tomatoes in multiple regions.

Hydroponic farming has been majorly adopted for vegetable production

The major factor for higher adoption of hydroponic farming in vegetable production is the yield obtained, which can be up to 10 times higher than traditional farming techniques. Since the capital cost involved in hydroponic setup is high, the crops produced are sold at premium rates, and according to industry experts, the price of the produce ranges at par with the organic produce prices. Vegetables that are grown using hydroponics are known to grow faster and stronger compared to traditional farming, as the right nutrients are delivered directly to the plants’ roots.

LED lights have proven to be effective in stimulating plant growth

The hydroponics market is segmented, on the basis of equipment, into HVAC, LED grow light, irrigation systems, material handling, control systems, and others. The light spectrum emitted by LED lights has proven to be effective in stimulating plant growth and is witnessing increased demand from hydroponic growers. Plants such as tomatoes, lettuce, spinach, kale, strawberries, peppers, beets, and other vegetables can be grown with LED grow lights. The increasing adoption and demand for LED grow lights have resulted in the ban of older and inefficient halogen units in the European Union from September 2018. These factors are further projected to drive the demand for LED grow lights.

Hydroponics Market

Europe is projected to account for the largest market size during the forecast period

The European hydroponics market is projected to be the largest between 2019 and 2025, while the Asia Pacific market is projected to grow at the highest CAGR. Europe was the largest producer of hydroponic crops  in 2018. It is still the largest market for hydroponically produced crops. Europe has traditionally been at the forefront of implementing advanced techniques in hydroponic smart greenhouse horticulture. Countries such as the Netherlands, Spain, and France have large areas under greenhouse cultivation. However, in the Netherlands, growers mostly cultivate their plants in simple tunnel-like greenhouses without the use of climate control technologies. The advancement in greenhouse farming has supported the growth of hydroponics in Europe.

Key Market Players

The hydroponics market is divided into two segments-system input providers and hydroponic crop producers. The key players in the hydroponic system input providers market include Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US). The key players in the hydroponic crop producer market include Aerofarms (US), Terra Tech Corp (US), Hydroponic Farms (UAE), Triton Foodworks Ltd. (India), Urban cultivator (Canada), Village Farms (Canada), Green Sense Holdings (US), and Iron Ox (US).

These players are undertaking strategies such as new product developments and launches and divestments to improve their market positions and extend their competitive advantage.

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2018

Forecast period considered

2019–2025

Units considered

Value (USD)

Segments covered

Equipment, Type, Input, Crop Type, and Region

Regions covered

North America, Asia Pacific, Europe, and RoW

Companies studied

Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US).

This research report categorizes the hydroponics market based on equipment, type, input, and crop type.

Target Audience

  • Hydroponics equipment manufacturers and suppliers
  • Hydroponics distributors importers and exporters
  • Research institutions
  • Government bodies
  • Distributors
  • End users (Farmers, farming organizations, and contract farmers)

Report Scope

Equipment

  • HVAC
  • Led grow light
  • Control systems
  • Irrigation systems
  • Material handling
  • Other equipment (pH and CO2 sensors)

Type

  • Aggregate Systems
    • Ebb and flow system
    • Drip systems
    • Wick systems
  • Liquid Systems
    • Deep water culture systems
    • Nutrient film technique
    • Aeroponics

Input

  • Nutrients
    • NPK
    • Trace minerals
    • Others (Seaweeds, humic acid, and plant extracts)
  • Grow Media
    • Rockwool
    • Perlite & vermiculite
    • Peat
    • Wood fiber
    • Others (sand, gravel, and rice hulls)

Crop Type:

  • Vegetables
    • Tomatoes
    • Leafy greens
    • Cucumber
    • Peppers
    • Others (microgreens)
  • Fruits
  • Flowers
  • Others (cannabis, fodder crops, and herbs)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Development

  • In April 2019, Signify Holdings (Netherlands) announced the acquisition of WiZ Connected (China), the developers of the WiZ Wi-Fi-based connected lighting ecosystem. The acquisition would help the company to step into wi-fi based smart lighting market.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming commercial prospects for the hydroponics market?
  • What is the impact of high capital investment on the hydroponics market?
  • What are the new technologies introduced in hydroponics?
  • What are the latest trends in hydroponics?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
     1.1 Objectives of the Study 
     1.2 Market Definition 
     1.3 Study Scope 
            Figure 1 Hydroponics Market Segmentation 
     1.4 Regional Segmentation 
     1.5 Periodization Considered 
     1.6 Currency Considered 
            Table 1 USD Exchange Rate, 2014–2018 
     1.7 Stakeholders 

2 Research Methodology 
     2.1 Research Data 
            Figure 2 Hydroponics Market: Research Design 
            2.1.1 Secondary Data 
            2.1.2 Primary Data 
                     2.1.2.1 Key Industry Insights 
                     2.1.2.2 Breakdown of Primary Interviews 
                                Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region 
     2.2 Market Size Estimation 
            Figure 4 Market Size Estimation Methodology: Bottom-Up Approach (Hydroponic Crop Produce) 
            Figure 5 Market Size Estimation Methodology: Bottom-Up Approach (Hydroponic Systems and Input) 
            Figure 6 Market Size Estimation Methodology: Top-Down Approach (Hydroponic Crop Market) 
     2.3 Data Triangulation 
            Figure 7 Data Triangulation Methodology 
     2.4 Research Assumptions 
     2.5 Limitations 

3 Executive Summary 
     Figure 8 Hydroponic Systems Market Share, By Type, 2019 vs. 2025 
     Figure 9 Hydroponics Market Share, By Input, 2018 
     Figure 10 Hydroponic Crops Market, By Crop Type, 2018 
     Figure 11 Hydroponic Systems Market: Regional Snapshot 

4 Premium Insights 
     4.1 Opportunities in the Hydroponics Market 
            Figure 12 Increasing Adoption of Greenhouse Horticulture Supports the Growth of the Hydroponics Market 
     4.2 Hydroponics Systems Market, By Type 
            Figure 13 Liquid Hydroponic Systems Have Been Gaining Popularity for Vegetable Cultivation in 2018 
     4.3 Europe: Hydroponic Crops Market 
            Figure 14 Europe: Netherlands Was One of the Major Consumers Across the Globe in 2018 
     4.4 Hydroponic Input Market, By Input & Region 
            Figure 15 Europe Recorded the Largest Market Share ForAmino Acid-Based Hydroponics in 2018 
     4.5 Hydroponics Crop Market, By Key Country 
            Figure 16 Asian Countries are Projected to Witness High Growth During the Forecast Period 

5 Market Overview 
     5.1 Introduction 
     5.2 Macroeconomic Indicators 
            5.2.1 Increasing Population 
                     Figure 17 Population Growth Trend, 1950–2050 
            5.2.2 Increasing Rates of Urbanization and Decline in Arable Land 
                     Figure 18 Percentage of Land Used for Agriculture, 1990–2016 
                     Figure 19 Most Urbanized Regions, 2018 
     5.3 Market Dynamics 
            Figure 20 Hydroponics Market: Drivers, Restraints, Opportunities, and Challenges 
            5.3.1 Drivers 
                     5.3.1.1 Higher Yield as Compared to Conventional Agriculture Practices 
                                Table 2 Yield of Crops, Soil Cultivation vs. Hydroponics (Lbs/Acre) 
                     5.3.1.2 Controlled Environment Farming Helps Eliminate the Effect of External Factors on Crop Growth 
                                Figure 21 Harvested Area of Greenhouse Vegetables, 2012–2016 (Ha) 
                     5.3.1.3 Hydroponic Systems Help Conserve Natural Resources 
                                5.3.1.3.1 Improved Yield and Higher Produce With Limited Land Resources 
                                5.3.1.3.2 Lower Water Utilization as Against Conventional Farming Methods 
            5.3.2 Restraints 
                     5.3.2.1 High Capital Investment for Large-Scale Farms 
                     5.3.2.2 Lack of Government Policy and Tax Breaks in Developing Countries 
            5.3.3 Opportunities 
                     5.3.3.1 Development of Innovative Hydroponic Technologies 
                     5.3.3.2 Entrance of New Players in the Market 
                     5.3.3.3 Application of Hydroponics Systems in Restaurants and Grocery Stores 
                     5.3.3.4 Significant Growth in Organic Food Demand 
                                Figure 22 Countries With the Highest Consumption of Organic Food Per Capita, 2015 
                     5.3.3.5 Increased Demand for Cannabis is Projected to Fuel the Demand for Hydroponics 
            5.3.4 Challenges 
                     5.3.4.1 High Prices of Hydroponically Grown Produce 
                     5.3.4.2 Spread of Waterborne Diseases and Algae in Closed Systems 
     5.4 Patent Analysis 
            Figure 23 Number of Patents Approved for Hydroponics, By Key Company, 2016–2019 
            Figure 24 Regional Analysis: Patent Approval for Hydroponics, 2015–2019 
            Table 3 List of Important Patents for Hydroponics, 2018–2019 

6 Hydroponics Market, By Type 
     6.1 Introduction 
            Figure 25 Hydroponics Market Size, By Type, 2019 vs. 2025 (USD Million) 
            Table 4 Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
     6.2 Aggregate Systems 
            Table 5 Aggregate Systems: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
            Table 6 Aggregate Systems: Hydroponics Market Size, By Sub-Type, 2017–2025 (USD Million) 
                       6.2.1 The Ebb and Flow System 
                                6.2.1.1 Ebb and Flow Systems are Majorly Operated for Berry Production in the Developing Countries 
                                           Table 7 Ebb and Flow System: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
                       6.2.2 Drip System 
                                6.2.2.1 The Drip System is the Most Water-Efficient Irrigation Technique in Crop Cultivation 
                                           Table 8 Drip System: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
                       6.2.3 Wick System 
                                6.2.3.1 The Demand for Wick Systems has Been Diminishing With the Emergence of the Ebb and Flow Aggregate Systems 
                                           Table 9 Wick System: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
     6.3 Liquid Hydroponic Systems 
            Table 10 Liquid Systems: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
            Table 11 Liquid Systems: Hydroponics Market Size, By Sub-Type, 2017–2025 (USD Million) 
            6.3.1 Deep Water Culture 
                     6.3.1.1 The Concept of Hybrid Farming has Propelled the Growth Opportunities for Deep Water Culture Systems 
                                Table 12 Deep Water Culture Systems: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
            6.3.2 Nutrient-Film Technique (Nft) 
                     6.3.2.1 Highly Preferred Hydroponic Systems for Vegetable Cultivation Across the Globe 
                                Table 13 Nutrient Film Technique: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 
            6.3.3 Aeroponics 
                     6.3.3.1 The High Cost of These Systems has Been Restricting Its Adoption 
                                Table 14 Aeroponics: Hydroponics Market Size, By Region, 2017–2025 (USD Million) 

7 Hydroponics Market, By Equipment 
     7.1 Introduction 
            Figure 26 Hydroponics Market Size, By Equipment, 2019 vs. 2025 (USD Million) 
            Table 15 Hydroponics Market Size, By Equipment, 2017-2025 (USD Million) 
     7.2 Hvac 
            7.2.1 Various Regional Climates and Increasing Adoption of Urban Farming Drives the Demand for Hvac Systems 
     7.3 Led Grow Light 
            7.3.1 Led Grow Light is One of the High-Cost Equipment in A Hydroponic System 
     7.4 Control Systems 
            7.4.1 Increasing Scope for Automation and Smart Farming is Projected to Create Growth Opportunities for Control Systems 
     7.5 Irrigation Systems 
            7.5.1 Decreasing Arable Land and Focus on Urban Hydroponic Farming to Drive the Demand for Irrigation Systems 
     7.6 Material Handling 
            7.6.1 Increasing Focus on Shortening the Supply Chain Through Farm-To-Fork Concept to Drive the Demand for Material Handling Systems 
     7.7 Others 

8 Global Hydroponics Market, By Input 
     8.1 Introduction 
            Figure 27 Hydroponics Market Size, By Input, 2019 vs. 2025 (USD Million) 
            Table 16 Hydroponics Market Size, By Input, 2017–2025 (USD Million) 
     8.2 Nutrients 
            Table 17 Nutrient: Global Hydroponic Market, By Region, 2017–2025 (USD Million) 
            Table 18 Hydroponic Input Market Size, By Nutrient, 2017–2025 (USD Million) 
            8.2.1 NPK 
                      8.2.1.1 NPK Nutrients are the Most Essential Nutrients Provided in All Hydroponic Systems Irrespective of Crop Grown 
            8.2.2 Trace Minerals 
                      8.2.2.1 Emergence of Organic Farming in Hydroponics Might Affect the Demand for Trace Minerals 
            8.2.3 Others 
     8.3 Grow Media 
            Table 19 Grow Media: Global Hydroponic Market, By Region, 2017–2025 (USD Million) 
            8.3.1 Rockwool 
                     8.3.1.1 Rockwool is Majorly Used as A Support for Plant Growth in Hydroponic Systems 
            8.3.2 Perlite & Vermiculite 
                     8.3.2.1 Perlite & Vermiculite are Used in Conjunction With Coco Peat During the Nursery Stage of Any Crop 
            8.3.3 Coco Fiber 
                     8.3.3.1 Low Cost of Coco Fiber has Been Driving the Demand in Developing Countries 
            8.3.4 Others

9 Hydroponics Market, By Crop Type 
     9.1 Introduction 
            Figure 28 Hydroponics Market Size, By Crop Type, 2019 vs. 2025 (USD Million) 
            Table 20 Hydroponics Market Size, By Crop Type, 2017–2025 (USD Million) 
     9.2 Vegetables 
            Table 21 Hydroponics Market Size in Vegetable Cultivation, By Region, 2017–2025 (USD Million) 
            Table 22 Hydroponics Market Size in Vegetable Cultivation, By Type, 2017–2025 (USD Million) 
            9.2.1 Tomato 
                     9.2.1.1 Over 90% of the Greenhouse Tomatoes Produced in Canada and the Netherlands are Grown Hydroponically 
            9.2.2 Leafy Greens 
                     9.2.2.1 Hydroponic and Indoor Grown Lettuce Account for Around 4-5% of the Us Lettuce Production 
            9.2.3 Cucumber 
                     9.2.3.1 Hydroponic Cultivation of Cucumbers Have Been Increasing in North American Countries 
            9.2.4 Peppers 
                     9.2.4.1 Turkey has Witnessed an Exponential Growth in Pepper Production Hydroponically Over the Past 10 Years 
            9.2.5 Others 
     9.3 Fruits 
            9.3.1 Rise in Demand and Year-Long Harvest Benefits Supplement Hydroponic Fruit Growth 
                     Table 23 Hydroponics Market Size in Fruit Cultivation, By Region, 2017–2025 (USD Million) 
     9.4 Flowers 
            9.4.1 Hydroponic Adoption for Flowers has Been the Highest in the Netherlands 
                     Table 24 Hydroponics Market Size in Flower Cultivation, By Region, 2017–2025 (USD Million) 
     9.5 Others 
                     Table 25 Hydroponics Market Size in Other Crop Cultivation, By Region, 2017–2025 (USD Million) 

10 Hydroponic Market, By Region 
      10.1 Introduction 
              Figure 29 Asia Pacific Countries to Witness Significant Market Growth in Hydroponic Crops (2019–2025) 
              Table 26 Global Hydroponics System Market Size, By Region, 2017–2025 (USD Million)
              Table 27 Global Hydroponics Input Market Size, By Region, 2017–2025 (USD Million) 
              Table 28 Global Hydroponics Crop Market Size, By Region, 2017–2025 (USD Million) 
      10.2 North America 
              Table 29 North America: Hydroponics System Market Size, By Country, 2017–2025 (USD Million) 
              Table 30 North America: Hydroponics Crop Type Market Size, By Country, 2017–2025 (USD Million) 
              Table 31 North America: Hydroponics System Market Size, By Type, 2017–2025 (USD Million) 
              Table 32 North America: Hydroponics Crop Type Market Size,  By Type, 2017–2025 (USD Million) 
              10.2.1 US
                         10.2.1.1 Hydroponic Lettuce Production Accounts 4-5% of the Total Lettuce Produced in the Country 
                                     Table 33 US: Hydroponics Market Size, By Type,2017–2025 (USD Million) 
                                     Table 34 US: Hydroponics Market Size, By Crop Type, 2017–2025 (USD Million) 
              10.2.2 Canada 
                         10.2.2.1 Tomatoes are Widely Grown in Canada Using Hydroponic Techniques 
                                     Table 35 Canada: Hydroponic Market Size, By Type, 2017–2025 (USD Million) 
                                     Table 36 Canada: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 

             10.2.3 Mexico 
                         10.2.3.1 Tomatoes are Grown in Almost 70% of the Mexican Greenhouse Area of Vegetables 
                                     Table 37 Mexico: Hydroponic Market Size, By Type, 2017–2025 (USD Million) 
                                     Table 38 Mexico: Hydroponic Market Size, By Crop Type, 2017–2025 (USD Millions) 
     10.3 Europe 
             Figure 30 Europe: Regional Snapshot 
             Table 39 Europe: Hydroponic System Market Size, By Country, 2017–2025 (USD Million) 
             Table 40 Europe: Hydroponic Crop Market Size, By Country, 2017–2025 (USD Million) 
             Table 41 Europe: Hydroponic Market Size, By Type, 2017–2025 (USD Million) 
             Table 42 Europe: Hydroponic Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.1 Netherlands 
                       10.3.1.1 Hi-Tech Agricultural Practices in the Netherlands Supports the Growth of Hydroponics in the Country 
                                   Table 43 Netherlands: Hydroponics Market Size, By Type,2017–2025 (USD Million) 
                                   Table 44 Netherlands: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.2 Spain 
                       10.3.2.1 Use of Hydroponics in Almeria Drives the Overall Hydroponic Market in Spain 
                                   Table 45 Spain: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 46 Spain: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.3 Italy 
                       10.3.3.1 Sustainability is the Major Concern for Italian Agriculture 
                                   Table 47 Italy: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 48 Italy: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.4 France 
                       10.3.4.1 France Still Focuses on Traditional Farming Practices 
                                   Table 49 France: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 50 France: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.5 Poland 
                       10.3.5.1 Poland Shows A High Potential for Greenhouse and Hydroponics in the Near Future 
                                   Table 51 Poland: Hydroponics Market Size, By Type, 2017–2025 (USD Million)
                                   Table 52 Poland: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.3.6 Turkey 
                       10.3.6.1 Increasing Protected Cultivation Supports the Growth of Hydroponics in Turkey 
                                   Table 53 Turkey: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 54 Turkey: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
             10.3.7 Rest of Europe
                       Table 55 Rest of Europe: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                       Table 56 Rest of Europe: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
     10.4 Asia Pacific 
             Figure 31 Asia Pacific: Market Snapshot 
             Table 57 Asia Pacific: Hydroponic System Market Size, By Country, 2017–2025 (USD Million) 
             Table 58 Asia Pacific: Hydroponic Crop Market Size, By Country, 2017–2025 (USD Million) 
             Table 59 Asia Pacific: Hydroponic Market Size, By Type, 2017–2025 (USD Million) 
             Table 60 Asia Pacific: Hydroponic Market Size, By Crop, 2017–2025 (USD Million) 
             10.4.1 China 
                       10.4.1.1 Increase in Population and Government Intervention Drives Initiatives for Hydroponic Adoption in China 
                                   Table 61 China: Hydroponics Market Size, By Type,2017–2025 (USD Million) 
                                   Table 62 China: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.4.2 India 
                       10.4.2.1 High Rates of Urbanization and Increase in Demand for Food to Bolster Support for Hydroponic Farming in India 
                                   Table 63 India: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 64 India: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.4.3 Japan 
                       10.4.3.1 Increased Concerns Over Lowering the Cost of Leafy Greens By Mass Production Have Led to the Adoption of Hydroponics System in the Country 
                                   Table 65 Japan: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 66 Japan: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
             10.4.4 Australia & New Zealand 
                       10.4.4.1 Harsh Climatic Conditions and Freshwater Scarcity Supplement Growth of Hydroponic Vegetables in Australia & New Zealand 
                                   Table 67 Australia & New Zealand: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 68 Australia & New Zealand: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.4.5 South Korea 
                       10.4.5.1 Small Agriculture Field Size has Led to Increased Adoption of Hydroponics in the Region 
                                   Table 69 South Korea: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 70 South Korea: Hydroponics Market Size, By Crop,2017–2025 (USD Million) 
             10.4.6 Rest of Asia Pacific 
                       Table 71 Rest of Asia Pacific: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                       Table 72 Rest of Asia Pacific: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
    10.5 RoW 
             Table 73 RoW: Hydroponic System Market Size, By Country, 2017–2025 (USD Million) 
             Table 74 RoW: Hydroponic Crop Market Size, By Country, 2017–2025 (USD Million) 
             Table 75 RoW: Hydroponic Market Size, By Type, 2017–2025 (USD Million) 
             Table 76 RoW: Hydroponic Market Size, By Crop,2017–2025 (USD Million) 
             10.5.1 Brazil 
                       10.5.1.1 High Adoption Rate of Indoor Farming is Projected to Increase the Demand for Hydroponics in the Country 
                                   Table 77 Brazil: Hydroponics Market Size, By Type,2017–2025 (USD Million) 
                                   Table 78 Brazil: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.5.2 South Africa 
                       10.5.2.1 Increased Government Initiatives are Projected to Drive the Demand for Hydroponics in Africa 
                                   Table 79 South Africa: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 80 South Africa: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.5.3 Israel 
                       10.5.3.1 Innovations in Hydroponic Technologies to Drive Hydroponics Adoption in Israel 
                                   Table 81 Israel: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 82 Israel: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.5.4 UAE 
                       10.5.4.1 Lack of Food Security and Increasing Imports Drives the Demand for Hydroponic in the UAE 
                                   Table 83 UAE: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                                   Table 84 UAE: Hydroponics Market Size, By Crop, 2017–2025 (USD Million) 
             10.5.5 Others 
                       Table 85 Others: Hydroponics Market Size, By Type, 2017–2025 (USD Million) 
                       Table 86 Others: Hydroponics Market Size, By Crop,2017–2025 (USD Million) 

11 Competitive Landscape 
      11.1 Overview 
      11.2 Competitive Leadership Mapping 
              11.2.1 Dynamic Capitalizers 
              11.2.2 Innovators 
              11.2.3 Visionary Leaders 
              11.2.4 Emerging Companies 
                        Figure 32 Hydroponics Market: Competitive Leadership Mapping, 2018 
                        Figure 33 Key Developments of the Leading Players in the Hydroponics Market, 2014 –2018 
      11.3 Competitive Leadership Mapping (For Crop Producers) 
              11.3.1 Progressive Companies 
              11.3.2 Starting Blocks 
              11.3.3 Responsive Companies 
              11.3.4 Dynamic Companies 
                        Figure 34 Hydroponics Market: Competitive Leadership Mapping for Crop Producers, 2018 
      11.4 Competitive Scenario 
              11.4.1 New Product Launches 
                         Table 87 New Product Launches, 2014 –2019 
              11.4.2 Expansions & Investments 
                         Table 88 Expansions & Investments, 2014 - 2019 
              11.4.3 Acquisitions 
                        Table 89 Acquisitions, 2014 –2019 
              11.4.4 Partnerships 
                        Table 90 Partnerships, 2014–2019 

12 Company Profiles 
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
      12.1 System Input Companies 
              12.1.1 Signify Holding 
                        Figure 35 Signify Holding: Company Snapshot 
                        Figure 36 Signify Holding: SWOT Analysis 
              12.1.2 Heliospectra Ab 
                        Figure 37 Heliospectra: Company Snapshot 
                        Figure 38 Heliospectra: SWOT Analysis 
              12.1.3 Scotts Miracle Gro 
                        Figure 39 Scotts Miracle Gro: Company Snapshot 
              12.1.4 Argus Control Systems 
                        Figure 40 Argus Control Systems: SWOT Analysis 
              12.1.5 Logiqs B.V. 
              12.1.6 Lumigrow 
              12.1.7 Hydroponic System International 
              12.1.8 Hydrodynamics International 
              12.1.9 American Hydroponics 
              12.1.10 Advanced Nutrients 
              12.1.11 Emerald Harvest 
                         12.1.12 Vitalink 
      12.2 Hydroponic Crop Producers 
              12.2.1 Aerofarms 
              12.2.2 Terra Tech Corp 
                        Figure 41 Terra Tech Corp Company Snapshot 
              12.2.3 Triton Foodworks Pvt. Ltd. 
              12.2.4 Freight Farms 
              12.2.5 Green Sense Farms 
              12.2.6 Emirates Hydroponic Farm 
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix 
      13.1 Discussion Guide 
      13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal 
      13.3 Available Customizations 
      13.4 Related Reports 
      13.5 Author Details 

 

The study involved four major activities in estimating the market size for hydroponics. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of new equipment types and nutrient formulations designed to improve crop growth indoors. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakdown of the primary respondents:

Hydroponics Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the hydroponics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the food, feed, and pharmaceutical, nutraceutical, and personal care industries.

Report Objectives

  • To describe and forecast the hydroponics market, in terms of type, equipment, input, crop type, and region
  • To describe and forecast the hydroponics market, in terms of value, by region–Asia Pacific, Europe, North America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of hydroponics
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the hydroponics ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as acquisitions and divestments, expansions and investments, product launches and approvals, agreements, collaborations and partnerships in the hydroponics market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further country-wise breakdown of the market in North America and Europe, based on site of operation

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)
Report Code
AGI 4075
Published ON
May, 2019
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