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Global Hydroponics Market to reach USD 11.43 billion by the end of 2030.

Global Hydroponics Market Size study & Forecast, by Type (Aggregate Systems, Liquid Systems) by Crop Type (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs and Others) and Regional Analysis, 2023-2030

Product Code: OIRAL-66363328
Publish Date: 10-01-2024
Page: 200

Global Hydroponics Market is valued approximately at USD 4.65 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.9% over the forecast period 2023-2030. Hydroponics is a soilless method of cultivating plants; wherein mineral nutrient solutions are directly delivered to the plant roots in a controlled environment. This innovative agricultural technique allows for precise control over key factors such as nutrient levels, pH, and temperature, providing an optimal and stable growing environment. By eliminating the need for soil, hydroponics offers several advantages, including efficient use of water, faster plant growth, and the ability to grow crops in locations with poor soil quality. The Hydroponics market is expanding because of factors such as increasing indoor cultivation of vegetables, growing food demand, limited availability of cultivable land.

The increasing global population is driving a growing demand for food. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the world’s population is anticipated to reach 9.1 billion by 2050, requiring a corresponding surge in food production ranging from 25% to 70%. This upswing is set to necessitate the exploration into innovative farming technologies designed to achieve increased yields in shorter periods is gaining traction. Notably, in regions such as the Asia Pacific and Europe, where arable land and water resources are increasingly scarce, there is surge in the embrace of alternative farming methods that promise elevated yields. This trend is anticipated to significantly contribute to the anticipated expansion of agricultural practices in these areas of the market. In addition, higher consumption of salads and exotic vegetables and rapid urbanization are some factors creating new opportunities for the market growth. However, the high initial setup costs and lack of awareness stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hydroponics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in 2022 owing to burgeoning population in the region, leading to an increased demand for sustainable and efficient agricultural practices, government initiatives promoting advanced agricultural technologies, coupled with a growing awareness of the benefits of soilless farming, further propel the hydroponics market in the Asia Pacific, creating a conducive environment for its sustained expansion. North America is expected to grow significantly during the forecast period, owing to factors such as growing adoption of alternative farming techniques in urban areas and presence of key market players in the region.

Major market player included in this report are:
Argus Control Systems Limited
Emirates Hydroponics Farms
Freight Farms, Inc.
Signify Holding
Nutrifresh India

Recent Developments in the Market:
Ø In October 2022, GrowGeneration Corp (GRWG) has inaugurated its inaugural hydroponic store in Virginia, covering an expansive 9,000 square feet in Richmond. This strategic move marks the company’s entrance into the burgeoning hydroponic market in the state. Capitalizing on the momentum, GRWG has outlined plans for further expansion, solidifying its presence in Virginia.
Ø In July 2022, Bustanica has unveiled the world’s largest hydroponic farm, supported by a substantial investment of USD 40 million. This groundbreaking facility represents the inaugural vertical farm for Emirates Crop One, a collaborative venture between Emirates Flight Catering (EKFC), a major catering operation serving over 100 airlines globally, and Crop One, a pioneer in technology-driven indoor vertical farming.
Global Hydroponics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Crop Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Rest of the World
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Aggregate Systems
Liquid Systems

By Crop Type:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of The World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Hydroponics Market, by region, 2020-2030 (USD Billion)
1.2.2. Hydroponics Market, by Type, 2020-2030 (USD Billion)
1.2.3. Hydroponics Market, by Crop Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hydroponics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hydroponics Market Dynamics
3.1. Hydroponics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing indoor cultivation of vegetables Growing food demand Limited availability of cultivable land
3.1.2. Market Challenges High initial setup costs Lack of awareness
3.1.3. Market Opportunities Higher Consumption of Salads and Exotic Vegetables Rapid urbanization
Chapter 4. Global Hydroponics Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hydroponics Market, by Type
5.1. Market Snapshot
5.2. Global Hydroponics Market by Type, Performance – Potential Analysis
5.3. Global Hydroponics Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Hydroponics Market, Sub Segment Analysis
5.4.1. Aggregate Systems
5.4.2. Liquid Systems
Chapter 6. Global Hydroponics Market, by Crop Type
6.1. Market Snapshot
6.2. Global Hydroponics Market by Crop Type, Performance – Potential Analysis
6.3. Global Hydroponics Market Estimates & Forecasts by Crop Type 2020-2030 (USD Billion)
6.4. Hydroponics Market, Sub Segment Analysis
6.4.1. Tomatoes
6.4.2. Lettuce
6.4.3. Peppers
6.4.4. Cucumbers
6.4.5. Herbs
6.4.6. Others
Chapter 7. Global Hydroponics Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Hydroponics Market, Regional Market Snapshot
7.4. North America Hydroponics Market
7.4.1. U.S. Hydroponics Market Type breakdown estimates & forecasts, 2020-2030 Crop Type breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Hydroponics Market
7.5. Europe Hydroponics Market Snapshot
7.5.1. U.K. Hydroponics Market
7.5.2. Germany Hydroponics Market
7.5.3. France Hydroponics Market
7.5.4. Spain Hydroponics Market
7.5.5. Italy Hydroponics Market
7.5.6. Rest of Europe Hydroponics Market
7.6. Asia-Pacific Hydroponics Market Snapshot
7.6.1. China Hydroponics Market
7.6.2. India Hydroponics Market
7.6.3. Japan Hydroponics Market
7.6.4. Australia Hydroponics Market
7.6.5. South Korea Hydroponics Market
7.6.6. Rest of Asia Pacific Hydroponics Market
7.7. Latin America Hydroponics Market Snapshot
7.7.1. Brazil Hydroponics Market
7.7.2. Mexico Hydroponics Market
7.8. Rest of The World Hydroponics Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BrightFarms Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. AmHydro
8.3.3. Argus Control Systems Limited
8.3.4. Emirates Hydroponics Farms
8.3.5. Freight Farms, Inc.
8.3.6. AeroFarms
8.3.7. Heliospectra
8.3.8. Signify Holding
8.3.9. Nutrifresh India
8.3.10. UrbanKisaan
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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