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

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 (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Regional Segmentation
    1.5 Periodization Considered
    1.6 Currency Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           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
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Opportunities in the Hydroponics Market
    4.2 Hydroponics Systems Market, By Type
    4.3 Europe: Hydroponic Crops Market
    4.4 Hydroponic Input Market, By Input & Region
    4.5 Hydroponics Crop Market, By Key Country

5 Hydroponics Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Macroeconomic Indicators
           5.2.1 Increasing Population
           5.2.2 Increasing Rates of Urbanization and Decline in Arable Land
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Higher Yield as Compared to Conventional Agriculture Practices
                    5.3.1.2 Controlled Environment Farming Helps Eliminate the Effect of External Factors on Crop Growth
                    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 Hydroponics Market
                    5.3.3.3 Application of Hydroponics Systems in Restaurants and Grocery Stores
                    5.3.3.4 Significant Growth in Organic Food Demand
                    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

6 Hydroponics Market, By Type (Page No. - 55)
    6.1 Introduction
    6.2 Aggregate Systems
           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
           6.2.2 Drip System
                    6.2.2.1 The Drip System is the Most Water-Efficient Irrigation Technique in Crop Cultivation
           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
    6.3 Liquid Hydroponic Systems
           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
           6.3.2 Nutrient-Film Technique (NFT)
                    6.3.2.1 Highly Preferred Hydroponic Systems for Vegetable Cultivation Across the Globe
           6.3.3 Aeroponics
                    6.3.3.1 The High Cost of these Systems has Been Restricting Its Adoption

7 Hydroponics Market, By Equipment (Page No. - 65)
    7.1 Introduction
    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 (Page No. - 70)
    8.1 Introduction
    8.2 Nutrients
           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
           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 (Page No. - 76)
    9.1 Introduction
    9.2 Vegetables
           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
    9.4 Flowers
           9.4.1 Hydroponic Adoption for Flowers has Been the Highest in the Netherlands
    9.5 Others

10 Hydroponics Market, By Region (Page No. - 84)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Hydroponic Lettuce Production Accounts 4-5% of the Total Lettuce Produced in the Country
             10.2.2 Canada
                        10.2.2.1 Tomatoes are Widely Grown in Canada Using Hydroponic Techniques
             10.2.3 Mexico
                        10.2.3.1 Tomatoes are Grown in Almost 70% of the Mexican Greenhouse Area of Vegetables
     10.3 Europe
             10.3.1 Netherlands
                        10.3.1.1 Hi-Tech Agricultural Practices in the Netherlands Supports the Growth of Hydroponics in the Country
             10.3.2 Spain
                        10.3.2.1 Use of Hydroponics in Almeria Drives the Overall Hydroponics Market in Spain
             10.3.3 Italy
                        10.3.3.1 Sustainability is the Major Concern for Italian Agriculture
             10.3.4 France
                        10.3.4.1 France Still Focuses on Traditional Farming Practices
             10.3.5 Poland
                        10.3.5.1 Poland Shows A High Potential for Greenhouse and Hydroponics in the Near Future
             10.3.6 Turkey
                        10.3.6.1 Increasing Protected Cultivation Supports the Growth of Hydroponics in Turkey
             10.3.7 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 Increase in Population and Government Intervention Drives Initiatives for Hydroponic Adoption in China
             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
             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
             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
             10.4.5 South Korea
                        10.4.5.1 Small Agriculture Field Size has LED to Increased Adoption of Hydroponics in the Region
             10.4.6 Rest of Asia Pacific
     10.5 RoW
             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
             10.5.2 South Africa
                        10.5.2.1 Increased Government Initiatives are Projected to Drive the Demand for Hydroponics in Africa
             10.5.3 Israel
                        10.5.3.1 Innovations in Hydroponic Technologies to Drive Hydroponics Adoption in Israel
             10.5.4 UAE
                        10.5.4.1 Lack of Food Security and Increasing Imports Drives the Demand for Hydroponic in the UAE
             10.5.5 Others

11 Competitive Landscape (Page No. - 125)
     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
     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
     11.4 Competitive Scenario
             11.4.1 New Product Launches
             11.4.2 Expansions & Investments
             11.4.3 Acquisitions
             11.4.4 Partnerships

12 Company Profiles (Page No. - 135)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 System Input Companies
             12.1.1 Signify Holding
             12.1.2 Heliospectra AB
             12.1.3 Scotts Miracle Gro
             12.1.4 Argus Control Systems
             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
             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, MnM View Might Not Be Captured in Case of Unlisted Companies 

13 Appendix (Page No. - 164)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (90 Tables)

Table 1 USD Exchange Rate, 2014–2018
Table 2 Yield of Crops, Soil Cultivation vs. Hydroponics (Lbs/Acre)
Table 3 List of Important Patents for Hydroponics, 2018–2019
Table 4 Hydroponics Market Size, By Type, 2017–2025 (USD Million)
Table 5 Aggregate Systems: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 6 Ggregate Systems: Hydroponics Market Size, By Sub-Type, 2017–2025 (USD Million)
Table 7 EBB and Flow System: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 8 Drip System: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 9 Wick System: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
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)
Table 12 Deep Water Culture Systems: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 13 Nutrient Film Technique: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 14 Aeroponics: Hydroponics Market Size, By Region, 2017–2025 (USD Million)
Table 15 Hydroponics Market Size, By Equipment, 2017-2025 (USD Million)
Table 16 Hydroponics Market Size, By Input, 2017–2025 (USD Million)
Table 17 Nutrient: Global Hydroponic Market, By Region, 2017–2025 (USD Million)
Table 18 Hydroponic Input Market Size, By Nutrient, 2017–2025 (USD Million)
Table 19 Grow Media: Global Hydroponic Market, By Region, 2017–2025 (USD Million)
Table 20 Hydroponics Market Size, By Crop Type, 2017–2025 (USD Million)
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)
Table 23 Hydroponics Market Size in Fruit Cultivation, By Region, 2017–2025 (USD Million)
Table 24 Hydroponics Market Size in Flower Cultivation, By Region, 2017–2025 (USD Million)
Table 25 Hydroponics Market Size in Other Crop Cultivation, By Region, 2017–2025 (USD Million)
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)
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)
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)
Table 35 Canada: Hydroponics Market Size, By Type, 2017–2025 (USD Million)
Table 36 Canada: Hydroponics Market Size, By Crop , 2017–2025 (USD Million)
Table 37 Mexico: Hydroponics Market Size, By Type, 2017–2025 (USD Million)
Table 38 Mexico: Hydroponics Market Size, By Crop Type, 2017–2025 (USD Millions)
Table 39 Europe: Hydroponics System Market Size, By Country, 2017–2025 (USD Million)
Table 40 Europe: Hydroponics Crop Market Size, By Country, 2017–2025 (USD Million)
Table 41 Europe: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 42 Europe: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 43 Netherlands: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 44 Netherlands: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 45 Spain: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 46 Spain: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 47 Italy: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 48 Italy: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 49 France: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 50 France: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 51 Poland: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 52 Poland: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 53 Turkey: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 54 Turkey: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 55 Rest of Europe: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 56 Rest of Europe: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 57 Asia Pacific: Hydroponics System Market Size, By Country, 2017–2025 (USD Million)
Table 58 Asia Pacific: Hydroponics Crop Market Size, By Country, 2017–2025 (USD Million)
Table 59 Asia Pacific: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 60 Asia Pacific: Hydroponic Market Size, By Crop, 2017–2025 (USD Million)
Table 61 China: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 62 China: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 63 India: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 64 India: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 65 Japan: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 66 Japan: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 67 Australia & New Zealand: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 68 Australia & New Zealand: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 69 South Korea: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 70 South Korea: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 71 Rest of Asia Pacific: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 72 Rest of Asia Pacific: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 73 RoW: Hydroponic System Market Size, By Country, 2017–2025 (USD Million)
Table 74 RoW: Hydroponics Crop Market Size, By Country, 2017–2025 (USD Million)
Table 75 RoW: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 76 RoW: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 77 Brazil: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 78 Brazil: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 79 South Africa: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 80 South Africa: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 81 Israel: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 82 Israel: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 83 UAE: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 84 UAE: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 85 Others: Hydroponics Market Size, By System, 2017–2025 (USD Million)
Table 86 Others: Hydroponics Market Size, By Crop, 2017–2025 (USD Million)
Table 87 New Product Launches, 2014 –2019
Table 88 Expansions & Investments, 2014 - 2019
Table 89 Acquisitions, 2014 –2019
Table 90 Partnerships, 2014–2019


List of Figures (41 Figures)

Figure 1 Hydroponics Market Segmentation
Figure 2 Hydroponics Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
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)
Figure 7 Data Triangulation Methodology
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
Figure 12 Increasing Adoption of Greenhouse Horticulture Supports the Growth of the Hydroponics Market
Figure 13 Liquid Hydroponic Systems Have Been Gaining Popularity for Vegetable Cultivation in 2018
Figure 14 Europe: Netherlands Was One of the Major Consumers Across the Globe in 2018
Figure 15 Europe Recorded the Largest Market Share for Amino Acid-Based Hydroponics in 2018
Figure 16 Asian Countries are Projected to Witness High Growth During the Forecast Period
Figure 17 Population Growth Trend, 1950–2050
Figure 18 Percentage of Land Used for Agriculture, 1990–2016
Figure 19 Most Urbanized Regions, 2018
Figure 20 Hydroponics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Harvested Area of Greenhouse Vegetables, 2012–2016 (Ha)
Figure 22 Countries With the Highest Consumption of Organic Food Per Capita, 2015
Figure 23 Number of Patents Approved for Hydroponics, By Key Company, 2016–2019
Figure 24 Regional Analysis: Patent Approval for Hydroponics, 2015–2019
Figure 25 Hydroponics Market Size, By Type, 2019 vs. 2025 (USD Million)
Figure 26 Hydroponics Market Size, By Equipment, 2019 vs. 2025 (USD Million)
Figure 27 Hydroponics Market Size, By Input, 2019 vs. 2025 (USD Million)
Figure 28 Hydroponics Market Size, By Crop Type, 2019 vs. 2025 (USD Million)
Figure 29 Asia Pacific Countries to Witness Significant Market Growth in Hydroponic Crops (2019–2025)
Figure 30 Europe: Regional Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Hydroponics Market: Competitive Leadership Mapping, 2018
Figure 33 Key Developments of the Leading Players in the Hydroponics Market, 2014 –2018
Figure 34 Hydroponics Market: Competitive Leadership Mapping for Crop Producers, 2018
Figure 35 Signify Holding: Company Snapshot
Figure 36 Signify Holding: SWOT Analysis
Figure 37 Heliospectra: Company Snapshot
Figure 38 Heliospectra: SWOT Analysis
Figure 39 Scotts Miracle Gro: Company Snapshot
Figure 40 Argus Control Systems: SWOT Analysis
Figure 41 Terra Tech Corp Company Snapshot

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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