Hydroponics Market

Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, LED Grow Lights, Irrigation Systems, Material Handling Equipment, Control Systems), Input Type, and Region - Global Forecast to 2026

Report Code: AGI 4075 Jan, 2021, by marketsandmarkets.com

[230 Pages Report] The hydroponics market was valued at USD 9.5 billion in 2020; it is projected to grow at a CAGR of 11.3% to reach USD 17.9 billion by 2026. The pressure on the agriculture industry to meet the growing demand for grains and food leads to the search for high-yielding farming techniques, such as precision farming and urban farming. Hydroponics thus is looked upon as a potential solution for the growing concern about food security in the coming years.

Hydroponics Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on the Global Hydroponics Market

Amid the spread of Covid-19 pandemic, many individuals have developed a critical point of view towards outdoor food. With health and food safety becoming the key focus, the populations around the globe have showed an inclination towards home cooking and self-made/homemade meals. This has put the food and hotel industry into jeopardy. After the devastating outbreak of coronavirus pandemic, the adoption rate of urban hydroponic farming systems around the world are estimated to rise sharply. The agriculture industry faced challenges during the initial phases of the spread of the pandemic. There were huge labour shortages on the farm, some farmers missed their window of opportunity for harvesting for seasonal crops, the falling prices of agricultural products and the disruption of logistics. Many countries also realized their over dependence on imports of food materials and hence began emphasizing on internal and domestic productions.

Market Dynamics

Driver: Higher yield as compared to conventional agriculture practices, emphasized even more after the outbreak of Covid-19 pandemic.

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. Since climatic changes show a minimal effect on such systems, crops can be produced all year round, thereby again increasing the produce.

Restraint: High capital investment for large-scale farms

Different types of equipment including HVAC systems, fans, ventilation, irrigation systems, control systems, rails, and lights are the key cost factors in a hydroponic farm. On average, a 500 sq. ft. hydroponic farm can cost up to USD 110,000 for a base level system that is not fully automated. This huge cost for the initial set up of the system is a major factor refraining farmers from investing in these systems. However, the yield obtained from these systems are higher, and the produce can also be marketed as premium products, thereby raising the ROI for growers.

Opportunity: Development of innovative hydroponic technologies

With the increased adoption of hydroponics globally, manufacturers and researchers are working on improving the efficiency of hydroponics technology to increase the quality and quantity of the produce. Many companies in the market are investing heavily into R&D for obtaining state-of-art technologies that boost he productions and also bring about variety of cultivations possible. Strategic partnerships with research labs and institutes further drive the growth of the hydroponics market.

Challenge: Spread of waterborne diseases and algae in closed systems

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. 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.

The liquid sub-segment is estimated to account for the highest market share in the by type segment for this market.

Liquid systems have been proved to be efficient and also cost-effective in comparison to basic models in hydroponics market. The initial cost associated with the setup of hydroponic systems is exorbitant, which is also one of the major restraints of this industry. However, the economics of liquid systems are observed to be feasible, since all liquid systems operate in a closed mode, which reduces the cost of nutrient solution. Also, 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.

By Equipment , the HVAC system is estimated to occupy the largest market share in global market for hydroponics.

Heating, Ventilation & Air Conditioning or HVAC plays a key role in the development of indoor growers, as the system is responsible for cooling, dehumidification, and maintaining the optimum temperature inside the facility. HVAC systems are essential for the operation of hydroponic and aeroponic farms and should be reliable and well-controlled. Further the economic costs of the system over other equipment and utilities that go into hydroponics the HVAC is estimated to experience an increasing demand.

The nutrients sub-segment is estimated to observe the fastest growth in the by input segment of this market over the forecast period.

As the crops under hydroponics grow without soil, the need for external nutrients is very high for hydroponic-based crops. With the increase in the use of soilless growing techniques in hydroponics, most of the crops are directly grown with the roots in the nutrient medium. This leads to an increase in demand for nutrients in this industry.

By crop type, the fruits sub-segment is projected to grow at the fastest CAGR in this  market until 2025.

Fruits grown using hydroponics can be grown and harvested throughout the year due to the interior conditions of the greenhouse or indoor farming unit. Water-adaptable fruits such as watermelon, cantaloupe, and tomatoes are among the ideal choice for farmers as they are easier to grow using hydroponic methods. With more and more varieties of fruits taken under cultivation in the hydroponics market is estimated to grow faster.

Hydroponics Market by Region

The increasing adoption of hydroponics and vertical farming systems in the European, accounted for the highest market share in the region.

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, the growers mostly cultivate their plants in simple tunnel-like greenhouses without the use of climate control technologies. Advancement in greenhouse farming has supported the growth of hydroponics in Europe. According to national government statistics, the adoption of hydroponics has been witnessed to be the highest across all European countries. Thus the market is highly developed in the region.

Key Market Players

Key players hydroponics market include major players such as Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), LumiGrow (US), Emerald Harvest (US), Hydroponic Systems International (Spain), Advanced Nutrients (Canada), Vitalink (UK), Hydrodynamics International (Spain), Logiqs B.V (Netherlands), Grobo (US), and American Hydroponics (US).  These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size estimation

2018–2026

Base year considered

2019

Forecast period considered

2020–2026

Units considered

Value (USD Million)

Segments covered

Type, Equipment, Input, Crop Type and Region

Regions covered

North America, Asia Pacific, Europe, South America, and RoW

Companies studied

The major market players include Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), LumiGrow (US), Emerald Harvest (US), Hydroponic Systems International (Spain), Advanced Nutrients (Canada), Vitalink (UK), Hydrodynamics International (Spain), Logiqs B.V (Netherlands), Grobo (US), and American Hydroponics (US). (Total 25 companies)

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

On the basis of type, the market for hydroponics has been segmented as follows:

  • Aggregate Systems
    • Ebb & Flow Systems
    • Drip Systems
    • Wick Systems
  • Liquid Systems
    • Deep Water Culture
    • Nutrient Film Technique
    • Aeroponics

On the basis of equipment, the market has been segmented as follows:

  • HVAC
  • LED Grow Lights
  • Irrigation Systems
  • Material Handling
  • Control Systems
  • Others

On the basis of input, the market has been segmented as follows:

  • Nutrients
    • NPK
    • Trace Minerals
    • Others
    • Grow Media
  • Rockwool
    • Perlite & Vermiculite
    • Coco Fiber
    • Others

On the basis of crop type, the market has been segmented as follows:

  • Vegetables
    • Fruits
    • Flowers
    • Others

On the basis of region, the market has been segmented as follows:

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

*Rest of the World (RoW) includes South Africa, UAE, Israel and Other countries in RoW.

Core competencies of companies include their key developments and strategies adopted by them to sustain their position in the market

Recent Developments

  • In May 2020, InFarm recently started its new outlet in Netherlands at Nijmegen. The facility will built at various locations such as supermarkets, restaurants and distribution centers so that vegetables are grown and harvested at areas close to point of purchase.
  • In April 2020, Scotts Miracle moved its operations of Temecula, California manufacturing plant to produce face shields, due to shortage of personal protective equipment’s so as to contribute to the fight against Covid-19 outbreak.
  • In April 2020, Aerofarms has initiated the establishment of a the biggest Aerofarms center which be the largest of its kind spread across 90,000 sqft. The facility is dedicated fore sate-of-art R&D equipment's and commercialisation of locally demanded crops.
  • In November 2019, Aerospace invested USD 42 Million for building the largest indoor farming facility at Cane Creek Center, a joint industrial park for City of Danville and Pittsylvania County.
  • In August 2019, Terra Tech Corp has commenced the operation of constructing its brand new facility at Santa Ana, CA, US. The facility will be a large scale one of a kind cannabis complex aimed at benefitting the company’s sales by the highly population and traffic benefit.
  • In August 2019, LumiGrow Inc. launched a new TopLight Hybrid smart fixture. The Hybrids will enable users to benefit from the enriched white spectrum, which is completely wireless and can be controlled via SmartPAR software of the company.

Frequently Asked Questions (FAQ):

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

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 HYDROPONICS MARKET SEGMENTATION
           1.3.1 REGIONAL SEGMENTATION
           1.3.2 PERIODIZATION CONSIDERED
    1.4 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATE, 2014–2019
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA
        FIGURE 2 HYDROPONICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 HYDROPONICS MARKET SIZE ESTIMATION, BY CROP TYPE METHOD
           2.2.2 MARKET SIZE ESTIMATION, BY TYPE METHOD
           2.2.3 MARKET SIZE ESTIMATION NOTES
    2.3 DATA TRIANGULATION
        FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 37)
  FIGURE 4 HYDROPONIC SYSTEMS MARKET SIZE, BY TYPE, 2020 VS. 2026 USD MILLION)
  FIGURE 5 HYDROPONICS MARKET SIZE, BY INPUT, 2020 VS. 2026 (USD MILLION)
  FIGURE 6 HYDROPONIC CROPS MARKET SIZE, BY CROP TYPE, 2020 VS. 2026 (USD MILLION)
  FIGURE 7 HYDROPONIC CROP TYPE MARKET: REGIONAL SNAPSHOT (2019)

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 OPPORTUNITIES IN THE HYDROPONICS MARKET, BY TYPE
        FIGURE 8 INCREASING ADOPTION OF GREENHOUSE HORTICULTURE SUPPORTS THE GROWTH OF THE HYDROPONICS MARKET
    4.2 HYDROPONIC SYSTEMS MARKET, BY TYPE
        FIGURE 9 LIQUID HYDROPONIC SYSTEMS HAVE BEEN GAINING POPULARITY FOR VEGETABLE CULTIVATION
    4.3 EUROPE: HYDROPONIC CROPS MARKET
        FIGURE 10 EUROPE: THE NETHERLANDS TO BE ONE OF THE MAJOR CONSUMERS ACROSS THE GLOBE IN 2020
    4.4 HYDROPONIC INPUTS MARKET, BY REGION
        FIGURE 11 EUROPE RECORDED THE LARGEST MARKET SHARE IN HYDROPONICS IN 2020
    4.5 HYDROPONIC TYPE MARKET, BY KEY COUNTRY
        FIGURE 12 ASIAN COUNTRIES ARE PROJECTED TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 RISING RATE OF URBANIZATION AND DECLINE IN ARABLE LAND
                 FIGURE 13 PERCENTAGE OF LAND USED FOR AGRICULTURE, 1990–2016
                 FIGURE 14 MOST URBANIZED REGIONS, 2018
    5.3 MARKET DYNAMICS
                 FIGURE 15 HYDROPONICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Higher yield as compared to conventional agricultural 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 16 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 productivity with limited land resources
                               5.3.1.3.2 Lower water utilization as against conventional farming methods
                    5.3.1.4 Increased demand for cannabis is projected to fuel the demand for hydroponics
           5.3.2 RESTRAINTS
                    5.3.2.1 High capital investment for large-scale farms
                    5.3.2.2 Lack of government incentives and high prices of hydroponically grown produce dissuading market adoption
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growth in popularity of hydroponics to provide high profit margins
                    5.3.3.2 Increasing application of hydroponic systems in restaurants and grocery stores since the COVID-19 pandemic
           5.3.4 CHALLENGES
                    5.3.4.1 Tapping into the organic food market
                            FIGURE 17 COUNTRIES WITH THE HIGHEST CONSUMPTION OF ORGANIC FOOD PER CAPITA, 2015 (USD)
                    5.3.4.2 Spread of waterborne diseases and algae in closed systems
                    5.3.4.3 Risk of equipment failure and delay in the learning curve among growers resulting in a limited market growth
    5.4 YC-YCC SHIFT ANALYSIS
        FIGURE 18 YC-YCC SHIFT: HYDROPONICS MARKET
    5.5 PRICING ANALYSIS
        TABLE 3 AVERAGE SELLING PRICE, BY TYPE, 2019–2020
    5.6 TRADE ANALYSIS
        TABLE 4 TRADING STATISTICS, 2019–2020
    5.7 MARKET ECOSYSTEM
        FIGURE 19 HYDROPONICS MARKET ECOSYSTEM
    5.8 VALUE CHAIN
        FIGURE 20 VALUE CHAIN OF THE HYDROPONICS MARKET
    5.9 TECHNOLOGY ANALYSIS
    5.10 PORTER’S FIVE FORCES ANALYSIS
           5.10.1 HYDROPONICS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.11 PATENT ANALYSIS
        FIGURE 21 NUMBER OF PATENTS APPROVED FOR HYDROPONICS, BY KEY COMPANY, 2016–2020
        FIGURE 22 PATENT APPROVAL FOR HYDROPONICS, BY REGION, 2016–2020
        FIGURE 23 YEAR-ON-YEAR ANALYSIS OF PATENT APPROVAL FOR HYDROPONICS, 2010–2020
        TABLE 5 LIST OF IMPORTANT PATENTS FOR HYDROPONICS, 2018–2020

6 REGULATIONS (Page No. - 62)
    6.1 NORTH AMERICA
    6.2 EUROPE
    6.3 ASIA PACIFIC
           6.3.1 INDIA
           6.3.2 CHINA
           6.3.3 JAPAN

7 CASE STUDY ANALYSIS (Page No. - 64)
    7.1 CASE STUDIES ON TOP INDUSTRY TRENDS, INNOVATIONS, AND BEST PRACTICES
           7.1.1 DEVELOPMENT & ESTABLISHMENT OF NEWER TECHNIQUES AND PRODUCTS TO MAKE HYDROPONICS SYSTEM ECONOMIC TO THE FARMERS IN DEVELOPING COUNTRIES
           7.1.2 MAJORITY OF THE KEY PLAYERS PREVAILING IN THE HYDROPONICS MARKET ARE ADOPTING ORGANIC GROWTH STRATEGIES SUCH AS EXPANSIONS & INVESTMENTS
           7.1.3 APPLICATIONS FOR RESTAURANTS AND GROCERY STORES APART FROM INDUSTRIAL FARMERS OR AGRICULTURISTS

8 HYDROPONICS MARKET, BY TYPE (Page No. - 66)
    8.1 INTRODUCTION
        FIGURE 24 HYDROPONICS MARKET SIZE, BY TYPE, 2020 VS. 2026 (USD MILLION)
        TABLE 6 HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
    8.2 AGGREGATE SYSTEMS
           8.2.1 PREFERABLE USAGE FOR HEAVIER CROPS, SUCH AS TOMATOES AND CUCUMBERS, BY THE GROWERS DRIVES THE GROWTH OF AGGREGATE SYSTEMS
                 TABLE 7 AGGREGATE SYSTEMS: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 8 AGGREGATE SYSTEMS: MARKET SIZE, BY SUBTYPE, 2018–2026 (USD MILLION)
           8.2.2 EBB & FLOW SYSTEMS
                 TABLE 9 EBB & FLOW SYSTEMS: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.2.3 DRIP SYSTEMS
                 TABLE 10 DRIP SYSTEMS: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.2.4 WICK SYSTEMS
                 TABLE 11 WICK SYSTEMS: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.3 LIQUID SYSTEMS
           8.3.1 HIGHLY PREFERRED HYDROPONIC SYSTEMS FOR VEGETABLE CULTIVATION ACROSS THE GLOBE ALONG WITH THE CONCEPT OF HYBRID FARMING PROPELLING THE GROWTH OPPORTUNITIES
                 TABLE 12 LIQUID SYSTEMS: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 13 LIQUID SYSTEMS: HYDROPONICS MARKET SIZE, BY SUBTYPE, 2018–2026 (USD MILLION)
           8.3.2 DEEP WATER CULTURE
                 TABLE 14 DEEP WATER CULTURE SYSTEMS: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.3.3 NUTRIENT FILM TECHNIQUE (NFT)
                 TABLE 15 NUTRIENT FILM TECHNIQUE: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.3.4 AEROPONICS
                 TABLE 16 AEROPONICS: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.3.5 COVID-19 IMPACT ON THE TYPE SEGMENT IN THE HYDROPONICS MARKET
                 TABLE 17 MARKET COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO BY TYPE, 2018–2021 (USD MILLION)
                 TABLE 18 MARKET COVID IMPACT ANALYSIS, REALISTIC SCENARIO BY TYPE, 2018–2021 (USD MILLION)
                 TABLE 19 MARKET COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO BY TYPE, 2018–2021 (USD MILLION)

9 HYDROPONICS MARKET, BY EQUIPMENT (Page No. - 79)
    9.1 INTRODUCTION
        FIGURE 25 HYDROPONICS MARKET SIZE, BY EQUIPMENT, 2020 VS. 2026 (USD MILLION)
        TABLE 20 HYDROPONICS MARKET SIZE, BY EQUIPMENT, 2018-2026 (USD MILLION)
    9.2 HVAC
           9.2.1 UNCERTAINTIES IN THE REGIONAL CLIMATE AND RISING ADOPTION OF MODERN TECHNIQUES AND EQUIPMENT IN FARMING TO DRIVE THE DEMAND
    9.3 LED GROW LIGHTS
           9.3.1 LED GROW LIGHTS ARE ONE OF THE HIGH-COST EQUIPMENT IN A HYDROPONIC SYSTEM
    9.4 CONTROL SYSTEMS
           9.4.1 INCREASING SCOPE FOR AUTOMATION AND SMART FARMING IS PROJECTED TO CREATE GROWTH OPPORTUNITIES FOR CONTROL SYSTEMS
    9.5 IRRIGATION SYSTEMS
           9.5.1 RISING DEMAND FOR WATER-USE-EFFICIENT AND SMART IRRIGATION SYSTEMS FOR CROP PRODUCTION IS ONE OF THE MAJOR DRIVING FACTORS FOR MARKET GROWTH
    9.6 MATERIAL HANDLING EQUIPMENT
           9.6.1 INCREASING FOCUS ON SHORTENING THE SUPPLY CHAIN THROUGH THE FARM-TO-FORK CONCEPT TO DRIVE THE DEMAND FOR MATERIAL HANDLING EQUIPMENT
    9.7 OTHER EQUIPMENT
           9.7.1 ADDITIONAL EQUIPMENT AND TECHNOLOGIES HELP INCREASE THE PRODUCTIVITY OF GROWERS
           9.7.2 COVID-19 IMPACT ON THE EQUIPMENT SEGMENT IN THE HYDROPONICS MARKET
                 TABLE 21 MARKET COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO BY EQUIPMENT, 2018-2021 (USD MILLION)
                 TABLE 22 MARKET COVID IMPACT ANALYSIS, REALISTIC SCENARIO BY EQUIPMENT, 2018-2021 (USD MILLION)
                 TABLE 23 MARKET COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO BY EQUIPMENT, 2018-2021 (USD MILLION)

10 HYDROPONICS MARKET, BY INPUT (Page No. - 86)
     10.1 INTRODUCTION
          FIGURE 26 MARKET SIZE, BY INPUT, 2020 VS. 2026 (USD MILLION)
          TABLE 24 MARKET SIZE, BY INPUT, 2018–2026 (USD MILLION)
     10.2 NUTRIENTS
             10.2.1 NUTRIENTS ARE PROVIDED IN ALL HYDROPONIC SYSTEMS IRRESPECTIVE OF THE CROP GROWN
                    TABLE 25 NUTRIENTS: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 26 HYDROPONICS MARKET SIZE, BY NUTRIENT, 2018–2026 (USD MILLION)
             10.2.2 NPK
             10.2.3 TRACE MINERALS
             10.2.4 OTHERS
     10.3 GROW MEDIA
             10.3.1 MAJORLY USED AS A SUPPORT FOR PLANT GROWTH IN HYDROPONIC SYSTEMS OWING TO ITS LOW COSTS DRIVING THE MARKET IN DEVELOPING COUNTRIES
                    TABLE 27 GROW MEDIA: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 28 HYDROPONICS MARKET SIZE, BY GROW MEDIA, 2018–2026 (USD MILLION)
             10.3.2 ROCKWOOL
             10.3.3 PERLITE & VERMICULITE
             10.3.4 COCO FIBER
             10.3.5 OTHERS
             10.3.6 COVID-19 IMPACT ON THE INPUT SEGMENT IN THE HYDROPONICS MARKET
                    TABLE 29 MARKET COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO BY INPUT, 2018–2021 (USD MILLION)
                    TABLE 30 MARKET COVID IMPACT ANALYSIS, REALISTIC SCENARIO BY INPUT, 2018–2021 (USD MILLION)
                    TABLE 31 MARKET COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO BY INPUT, 2018–2021 (USD MILLION)

11 HYDROPONICS MARKET, BY CROP TYPE (Page No. - 93)
     11.1 INTRODUCTION
          FIGURE 27 HYDROPONICS MARKET SIZE, BY CROP TYPE, 2020 VS. 2026 (USD MILLION)
          TABLE 32 HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
     11.2 VEGETABLES
             11.2.1 WIDER ACCEPTANCE OF HYDROPONICS FOR GROWING VEGETABLES ACROSS MULTIPLE REGIONS TO DRIVE THE DEMAND
                    TABLE 33 MARKET SIZE IN VEGETABLE CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 34 MARKET SIZE IN VEGETABLE CULTIVATION, BY CROP TYPE, 2018–2026 (USD MILLION)
             11.2.2 TOMATOES
             11.2.3 LEAFY GREENS
             11.2.4 CUCUMBERS
             11.2.5 PEPPERS
             11.2.6 OTHER VEGETABLES
     11.3 FRUITS
             11.3.1 RISE IN DEMAND AND YEAR-LONG HARVEST BENEFITS SUPPLEMENT THE HYDROPONIC FRUIT GROWTH
                    TABLE 35 MARKET SIZE IN FRUIT CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
     11.4 FLOWERS
             11.4.1 HYDROPONIC ADOPTION FOR FLOWERS HAS BEEN THE HIGHEST IN THE NETHERLANDS
                    TABLE 36 MARKET SIZE IN FLOWER CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
     11.5 OTHER CROP TYPES
             11.5.1 GROWING APPLICATION AND AWARENESS ACROSS VARIOUS CROP TYPES WILL PROPEL THE DEMAND IN THE COMING YEARS
                    TABLE 37 MARKET SIZE IN OTHER CROP CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
             11.5.2 COVID-19 IMPACT ON THE CROP TYPE SEGMENT IN THE HYDROPONICS MARKET
                    TABLE 38 MARKET COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO BY CROP TYPE, 2018–2021 (USD MILLION)
                    TABLE 39 MARKET COVID IMPACT ANALYSIS, REALISTIC SCENARIO BY CROP TYPE, 2018–2021 (USD MILLION)
                    TABLE 40 MARKET COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO BY CROP TYPE, 2018–2021 (USD MILLION)

12 HYDROPONICS MARKET, BY REGION (Page No. - 102)
     12.1 INTRODUCTION
          FIGURE 28 ASIA PACIFIC COUNTRIES TO WITNESS SIGNIFICANT GROWTH IN HYDROPONIC TYPE MARKET (2020–2026)
          TABLE 41 HYDROPONICS TYPE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
          TABLE 42 HYDROPONICS INPUT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
          TABLE 43 HYDROPONICS CROP TYPE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 29 NORTH AMERICA: REGIONAL SNAPSHOT
          TABLE 44 NORTH AMERICA: HYDROPONICS TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 45 NORTH AMERICA: HYDROPONICS CROP TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 46 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 47 NORTH AMERICA: MARKET SIZE, BY AGGREGATE SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 48 NORTH AMERICA: MARKET SIZE, BY LIQUID SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 49 NORTH AMERICA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
          TABLE 50 NORTH AMERICA: MARKET SIZE, BY VEGETABLES SUBTYPE, 2018–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Favorable government schemes and introduction of newer farming kits and techniques by hydroponics system providers
                                 TABLE 51 US: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 52 US: HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 High awareness about modern farming techniques to fuel the growth prospects
                                 TABLE 53 CANADA: MAJOR CROPS GROWN IN GREENHOUSES, 2015
                                 FIGURE 30 CANADA: SPECIES OF GREENHOUSE-GROWN FLOWERS, 2015
                                 TABLE 54 CANADA: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 55 CANADA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Larger greenhouse area being used for cultivation
                                 TABLE 56 MEXICO: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 57 MEXICO: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.2.4 COVID-19 IMPACT ON THE HYDROPONICS MARKET IN THE NORTH AMERICAN REGION
     12.3 EUROPE
          TABLE 58 EUROPE: HYDROPONICS TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 59 EUROPE: HYDROPONICS CROP TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 60 EUROPE: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 61 EUROPE: MARKET SIZE, BY AGGREGATE SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 62 EUROPE: MARKET SIZE, BY LIQUID SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 63 EUROPE: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
          TABLE 64 EUROPE: MARKET SIZE, BY VEGETABLES SUB-TYPE, 2018–2026 (USD MILLION)
             12.3.1 NETHERLANDS
                        12.3.1.1 Increasing inclination toward efficient farming to drive the growth
                                 TABLE 65 NETHERLANDS: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 66 NETHERLANDS: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.2 SPAIN
                        12.3.2.1 Increase in investments in sustainable farming practices and advanced set-ups to achieve higher volumes of produce
                                 TABLE 67 SPAIN: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 68 SPAIN: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.3 ITALY
                        12.3.3.1 Growth in organic croplands and rise in demand and supply of organic products to bolster the demand for hydroponics
                                 TABLE 69 ITALY: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 70 ITALY: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.4 FRANCE
                        12.3.4.1 The gradual adoption of modern farming techniques
                                 TABLE 71 FRANCE: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 72 FRANCE: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.5 POLAND
                        12.3.5.1 Increase in awareness and steady adoption among local growers and cultivators in the country to exhibit a positive outlook
                                 TABLE 73 POLAND: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 74 POLAND: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.6 TURKEY
                        12.3.6.1 Increasing protected cultivation supports the growth of hydroponics in Turkey
                                 TABLE 75 TURKEY: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 76 TURKEY: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.7 REST OF EUROPE
                        12.3.7.1 Demand for controlled environment agriculture creates growth opportunities for the hydroponics market
                                 TABLE 77 REST OF EUROPE: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 78 REST OF EUROPE: HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.8 COVID-19 IMPACT ON THE HYDROPONICS MARKET IN THE EUROPEAN REGION
     12.4 ASIA PACIFIC
          FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT
          TABLE 79 ASIA PACIFIC: HYDROPONICS TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 80 ASIA PACIFIC: HYDROPONICS CROP TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 81 ASIA PACIFIC: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 82 ASIA PACIFIC: MARKET SIZE, BY AGGREGATE SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 83 ASIA PACIFIC: MARKET SIZE, BY LIQUID SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 84 ASIA PACIFIC: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
          TABLE 85 ASIA PACIFIC: MARKET SIZE, BY VEGETABLES SUBTYPE, 2018–2026 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Increase in population and government intervention drives initiatives for hydroponic adoption in China
                                 TABLE 86 CHINA: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 87 CHINA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.2 INDIA
                        12.4.2.1 Increasing investments from key players along with many farmers shifting to this form of cultivation will propel the market growth
                                 TABLE 88 INDIA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 89 INDIA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.3 JAPAN
                        12.4.3.1 Growing initiatives from the government, member companies, and related institutions to promote greenhouse farming to boost the demand
                                 TABLE 90 INSTALLATION AND CULTIVATION AREAS FOR DIFFERENT TYPES OF HORTICULTURAL CROPS, 2016 (HA)
                                 TABLE 91 JAPAN: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 92 JAPAN: HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.4 AUSTRALIA & NEW ZEALAND
                        12.4.4.1 Harsh climatic conditions and freshwater scarcity supplement the growth of hydroponic vegetables in Australia & New Zealand
                                 TABLE 93 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 94 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.5 SOUTH KOREA
                        12.4.5.1 Small agriculture field size has led to increased adoption of hydroponics in the region
                                 TABLE 95 SOUTH KOREA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 96 SOUTH KOREA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.6 SINGAPORE
                        12.4.6.1 Increase in demand for food security with minimum wastage has resulted in growing demand for HYDROPONICS
                                 TABLE 97 SINGAPORE: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 98 SINGAPORE: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.7 VIETNAM
                        12.4.7.1 Convenience in terms of farming and need for fresh vegetables to boost the demand for hydroponics
                                 TABLE 99 VIETNAM: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 100 VIETNAM: HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.8 MALAYSIA
                        12.4.8.1 High demand for urban farming to reduce spoilage will help boost the demand for hydroponics
                                 TABLE 101 MALAYSIA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 102 MALAYSIA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.9 THAILAND
                        12.4.9.1 Increase in awareness and shift in preference of consumers toward the adoption of new technology for growing plants
                                 TABLE 103 THAILAND: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 104 THAILAND: HYDROPONICS MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.10 INDONESIA
                        12.4.10.1 Acceptance of new technology to grow vegetables to boost the demand for hydroponics
                                 TABLE 105 INDONESIA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 106 INDONESIA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.11 COVID-19 IMPACT ON THE MARKET IN ASIA PACIFIC
     12.5 SOUTH AMERICA
          TABLE 107 SOUTH AMERICA: HYDROPONICS TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 108 SOUTH AMERICA: HYDROPONICS CROP TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 109 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 110 SOUTH AMERICA: MARKET SIZE, BY AGGREGATE SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 111 SOUTH AMERICA: MARKET SIZE, BY LIQUID SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 112 SOUTH AMERICA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
          TABLE 113 SOUTH AMERICA: MARKET SIZE, BY VEGETABLES SUBTYPE, 2018–2026 (USD MILLION)
             12.5.1 BRAZIL
                        12.5.1.1 High adoption rate of indoor farming is projected to increase the demand for hydroponics in the country
                                 TABLE 114 BRAZIL: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 115 BRAZIL: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.5.2 ARGENTINA
                        12.5.2.1 Increased adoption among the growers is projected to drive the demand for hydroponics in Argentina
                                 TABLE 116 ARGENTINA: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 117 ARGENTINA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.5.3 REST OF SOUTH AMERICA
                    TABLE 118 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 119 REST OF SOUTH AMERICA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.5.4 COVID-19 IMPACT ON THE MARKET IN SOUTH AMERICA
     12.6 REST OF THE WORLD
          TABLE 120 ROW: HYDROPONICS TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 121 ROW: HYDROPONICS CROP TYPE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 122 ROW: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 123 ROW: MARKET SIZE, BY AGGREGATE SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 124 ROW: MARKET SIZE, BY LIQUID SYSTEMS SUBTYPE, 2018–2026 (USD MILLION)
          TABLE 125 ROW: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
          TABLE 126 ROW: MARKET SIZE, BY VEGETABLES SUBTYPE, 2018–2026 (USD MILLION)
             12.6.1 SOUTH AFRICA
                        12.6.1.1 Increased government initiatives are projected to drive the demand for hydroponics in Africa
                                 TABLE 127 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 128 SOUTH AFRICA: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.6.2 ISRAEL
                        12.6.2.1 Innovations in hydroponic technologies to drive hydroponics adoption in Israel
                                 TABLE 129 ISRAEL: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 130 ISRAEL: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.6.3 UAE
                        12.6.3.1 Lack of food security and increasing imports drive the demand for hydroponics in the UAE
                                 TABLE 131 UAE: HYDROPONICS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                 TABLE 132 UAE: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.6.4 OTHERS IN ROW
                    TABLE 133 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 134 OTHERS IN ROW: MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.6.5 COVID-19 IMPACT ON THE HYDROPONICS MARKET IN ROW

13 COMPETITIVE LANDSCAPE (Page No. - 159)
     13.1 OVERVIEW
          FIGURE 32 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE HYDROPONICS MARKET, 2014 –2020
     13.2 MARKET SHARE ANALYSIS
     13.3 COMPETITIVE SCENARIO
             13.3.1 NEW PRODUCT LAUNCHES
                     TABLE 135 NEW PRODUCT LAUNCHES, 2014 –2019
             13.3.2 EXPANSIONS & INVESTMENTS
                     TABLE 136 EXPANSIONS & INVESTMENTS, 2014 - 2020
             13.3.3 ACQUISITIONS
                     TABLE 137 ACQUISITIONS, 2014 –2019
             13.3.4 PARTNERSHIPS
                     TABLE 138 PARTNERSHIPS, 2014–2019

14 COMPANY MICROQUADRANTS AND COMPANY PROFILES (Page No. - 165)
     14.1 COMPETITIVE LEADERSHIP MAPPING
             14.1.1 DYNAMIC DIFFERENTIATORS
             14.1.2 INNOVATORS
             14.1.3 VISIONARY LEADERS
             14.1.4 EMERGING COMPANIES
                    FIGURE 33 HYDROPONICS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     14.2 SYSTEM INPUT COMPANIES
(Business overview, Products offered, Recent developments, SWOT analysis & Right to win)*
             14.2.1 SIGNIFY HOLDING
                    FIGURE 34 SIGNIFY HOLDING: COMPANY SNAPSHOT
                    FIGURE 35 SIGNIFY HOLDING: SWOT ANALYSIS
             14.2.2 HELIOSPECTRA AB
                    FIGURE 36 HELIOSPECTRA: COMPANY SNAPSHOT
                    FIGURE 37 HELIOSPECTRA: SWOT ANALYSIS
             14.2.3 SCOTTS MIRACLE GRO
                    FIGURE 38 SCOTTS MIRACLE GRO: COMPANY SNAPSHOT
             14.2.4 ARGUS CONTROL SYSTEMS
                    FIGURE 39 ARGUS CONTROL SYSTEMS: SWOT ANALYSIS
             14.2.5 LOGIQS B.V.
             14.2.6 LUMIGROW
             14.2.7 HYDROPONIC SYSTEM INTERNATIONAL
             14.2.8 HYDRODYNAMICS INTERNATIONAL
             14.2.9 AMERICAN HYDROPONICS
             14.2.10 ADVANCED NUTRIENTS
             14.2.11 EMERALD HARVEST
             14.2.12 VITALINK
             14.2.13 GROBO INC.
     14.3 COMPETITIVE LEADERSHIP MAPPING (FOR CROP PRODUCERS)
             14.3.1 INNOVATORS
             14.3.2 VISIONARY LEADERS
             14.3.3 EMERGING COMPANIES
             14.3.4 DYNAMIC DIFFERENTIATORS
                    FIGURE 40 HYDROPONICS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR CROP PRODUCERS, 2019
     14.4 HYDROPONIC CROP PRODUCERS
             14.4.1 AEROFARMS
             14.4.2 TERRA TECH CORP
                    FIGURE 41 TERRA TECH CORP COMPANY SNAPSHOT
             14.4.3 TRITON FOODWORKS PVT. LTD.
             14.4.4 FREIGHT FARMS
             14.4.5 GREEN SENSE FARMS
             14.4.6 EMIRATES HYDROPONIC FARM
             14.4.7 GOTHAM GREENS
             14.4.8 NATURE’S MIRACLE
             14.4.9 BRIGHT FARMS
             14.4.10 SPROUTSIO
             14.4.11 INFARM
             14.4.12 BADIA FARMS

*Details on Business overview, Products offered, Recent developments, SWOT analysis & Right to win might not be captured in case of unlisted companies.

15 ADJACENT & RELATED MARKETS (Page No. - 206)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 SMART GREENHOUSE MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                    FIGURE 42 SMART GREENHOUSE MARKET IS ESTIMATED TO HAVE A HIGH GROWTH DURING THE FORECAST PERIOD.
     15.4 SMART GREENHOUSE MARKET, BY TYPE
             15.4.1 INTRODUCTION
                    TABLE 139 SMART GREENHOUSE MARKET, BY TYPE, 2017–2025 (USD MILLION)
             15.4.2 HYDROPONICS
                    TABLE 140 HYDROPONICS SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.4.3 NON-HYDROPONIC
                    TABLE 141 NON-HYDROPONICS SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD THOUSAND)
     15.5 SMART GREENHOUSE MARKET, BY COMPONENT
             15.5.1 INTRODUCTION
                    TABLE 142 SMART GREENHOUSE MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
             15.5.2 HVAC
                    TABLE 143 SMART GREENHOUSE HVAC SYSTEMS MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.5.3 LED GROW LIGHTS
                    TABLE 144 SMART GREENHOUSE LED GROW LIGHTS MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.5.4 CONTROL SYSTEMS & SENSORS
                    TABLE 145 SMART GREENHOUSE CONTROL SYSTEMS & SENSORS MARKET, BY REGION, 2017–2025 (USD MILLION)
     15.6 SMART GREENHOUSE MARKET, BY REGION
             15.6.1 INTRODUCTION
                    TABLE 146 SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.6.2 NORTH AMERICA
                    TABLE 147 SMART GREENHOUSE MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
             15.6.3 EUROPE
                    TABLE 148 SMART GREENHOUSE MARKET IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
             15.6.4 ASIA PACIFIC
                    TABLE 149 SMART GREENHOUSE MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)
             15.6.5 REST OF THE WORLD
                    TABLE 150 SMART GREENHOUSE MARKET IN ROW, BY TYPE, 2017–2025 (USD THOUSAND)
     15.7 INDOOR FARMING TECHNOLOGY MARKET
     15.8 LIMITATIONS
     15.9 MARKET DEFINITION
     15.10 MARKET OVERVIEW
           FIGURE 43 INDOOR FARMING TECHNOLOGY MARKET IS ESTIMATED TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD
     15.11 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM
           TABLE 151 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)
             15.11.1 AEROPONICS
                     TABLE 152 AEROPONICS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
             15.11.2 HYDROPONICS
                     TABLE 153 HYDROPONICS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
     15.12 AQUAPONICS
           TABLE 154 AQUAPONICS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
     15.13 SOIL-BASED
           TABLE 155 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
     15.14 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
             15.14.1 INTRODUCTION
                     TABLE 156 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
             15.14.2 NORTH AMERICA
                     TABLE 157 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)
             15.14.3 EUROPE
                     TABLE 158 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)
             15.14.4 ASIA PACIFIC
                     TABLE 159 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)
             15.14.5 SOUTH AMERICA
                     TABLE 160 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)
             15.14.6 REST OF THE WORLD
                     TABLE 161 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2015–2022 (USD MILLION)

16 APPENDIX (Page No. - 224)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involves four major activities to estimate the current market size of the hydroponics market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated 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, the market breakdown and data triangulation approaches 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 were referred to, in order 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 standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The key stakeholders to hydroponics market are semiconductor foundries, horticulture lighting, irrigation, and remote sensing equipment manufacturers, original device manufacturers (ODM) and Original Equipment Manufacturers (OEM) technology solution providers, grow media, crop protection chemical, and fertilizer manufacturers and raw material suppliers, hydroponic crop growers, horticulturists and floriculturists, government regulatory authorities and research organizations, hydroponic and smart greenhouse associations and industry bodies, organic certification agencies, and crop producers and exporters. The demand-side of this market is characterized by the rising demand for healthy and fresh vegetables and fruits for consumption. The supply-side is characterized by the supply of raw material providers in hydroponics from various suppliers in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Hydroponics Market Size, and Share

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 were identified through extensive secondary research.
  • Major regions were identified, along with countries contributing the maximum share.
  • The industry’s supply chain and market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents

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. The data was triangulated by studying various factors and trends from both the demand and supply sides in the market.

Report Objectives

  • To define, segment, and project the global market size of the hydroponics market.
  • To understand the hydroponics market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, collaborations, divestments, disinvestments, and agreements.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs.

The following customization options are available for the report:

Product Analysis

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

Geographic Analysis

  • Further breakdown of the Rest of Europe hydroponics market into UK, Russia, and Portugal
  • Further breakdown of the others RoW hydroponics market into the South Africa, Israel, UAE and Others.  

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Hydroponics Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Hydroponics Market

Request For Special Pricing
Report Code
AGI 4075
Published ON
Jan, 2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Hydroponics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved