Hydroponics Market

Hydroponics Market Size & Share - Future Growth Expectations

The global hydroponics market is valued at USD 12.1 billion in 2022 and is projected to reach USD 25.1 billion by 2027, growing at a CAGR of 15.6% from 2022 to 2027. The emergence of indoor farming led to the evolution of artificial lighting technology to assist plant growth. LED technology has proved to be more energy-efficient and long-lasting in general lighting applications. This is anticipated to drive the market.

Several Factors are Driving the Hydroponics Industry Growth:
  • Increasing global population and limited arable land: With the global population constantly rising, there's a growing strain on available agricultural land. Hydroponics offers a way to cultivate crops without needing soil, making it a viable option in areas with limited arable land.
  • Rising demand for fresh, high-quality food: Consumers are increasingly demanding fresh, high-quality produce. Hydroponics allows for controlled growing environments, which can help to produce crops that are free from pests, diseases, and contaminants.
  • Expansion of vertical farming: Vertical farming is a type of agriculture that utilizes vertically stacked layers to grow crops in controlled environments. Hydroponics is a perfect complement to vertical farming, as it allows for efficient use of space and resources.
  • Government incentives: Many governments are starting to offer incentives for the adoption of hydroponics, as it is seen as a sustainable and efficient way to produce food.
  • Legalization of cannabis: The legalization of cannabis for medicinal and recreational purposes in some countries has led to an increased demand for hydroponic systems, as this is a popular method for growing cannabis indoors.

These are just a few of the factors that are expected to drive growth in the hydroponics market in the coming years. As hydroponics technology continues to develop and become more affordable, it is likely that we will see even wider adoption of this method of growing crops.

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Hydroponics Market Share - Competitive Landscape
The hydroponics market is characterized by the presence of several key players competing for market share. Some of the leading companies in the hydroponics industry include:
  • ScottsMiracle-Gro (US)
  • Triton Foodworks Pvt. Ltd. (India)
  • Green Sense Farms (US)
  • Emirates Hydroponic Farm (UAE)
  • Gotham Greens (US)
  • Hydrodynamics International (US)
  • American Hydroponics (US)
  • Advanced Nutrients (US)
ScottsMiracle-Gro (US):
  • Overview: A leading marketer of branded consumer lawn and garden products, ScottsMiracle-Gro also has a significant presence in the hydroponics market through its subsidiary, Hawthorne Gardening Company.
  • Focus: Hydroponic systems, indoor and urban gardening solutions, and controlled environment agriculture (CEA).
Triton Foodworks Pvt. Ltd. (India):
  • Overview: An Indian agritech company specializing in hydroponics and vertical farming to provide sustainable farming solutions.
  • Focus: Urban farming, greenhouse systems, and hydroponic technologies aimed at reducing water usage and increasing crop yields.
Green Sense Farms (US):
  • Overview: One of the largest commercial indoor vertical farms in the United States, Green Sense Farms focuses on sustainable farming practices.
  • Focus: Vertical farming, hydroponics, and LED lighting systems to produce a variety of leafy greens and herbs year-round.
Emirates Hydroponic Farm (UAE):
  • Overview: A hydroponic farm located in the UAE, Emirates Hydroponic Farm aims to provide fresh produce to the local market using innovative farming techniques.
  • Focus: Hydroponics, water-efficient farming methods, and local food production to reduce dependency on imported produce.
Gotham Greens (US):
  • Overview: An urban agriculture company that builds and operates sustainable greenhouses in urban areas across the United States.
  • Focus: Hydroponic farming, sustainable agriculture, and locally grown produce. Their greenhouses are designed to use less water and land than traditional farming.
Hydrodynamics International (US):
  • Overview: A company that specializes in the production and distribution of hydroponic and aquaponic products and systems.
  • Focus: Nutrients, growth media, and hydroponic equipment for both commercial and hobbyist growers.
American Hydroponics (US):
  • Overview: Known for designing and manufacturing hydroponic systems for commercial growers.
  • Focus: Commercial hydroponic systems, turnkey solutions, and consulting services to optimize indoor farming operations.
Advanced Nutrients (US):
  • Overview: A leading manufacturer of hydroponic nutrients and fertilizers designed to maximize plant growth and yield.
  • Focus: Nutrient solutions, plant supplements, and products tailored for hydroponic and indoor growing environments.

Related Report:

Hydroponics Market by Type (Aggregate systems and Liquid systems), Equipment, Input (Nutrients and Grow media), Crop Type (Vegetables, Fruits, Flowers), Farming Method (Indoor and Outdoor), Crop Area, and Region - Global Forecast to 2027

Hydroponics Market Size,  Share & Growth Report
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AGI 4075
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