Global Hydroponics Market to Reach US$ 32.5 Billion by 2032, Propelled by Rising Concerns About Food Security

November 25, 2021 | Agriculture

As per the latest report by IMARC Group, titled “Hydroponics Market Report by Type (Aggregate Hydroponic System, Liquid Hydroponic System), Crop Type (Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, and Others), Equipment (HVAC, LED Grow Light, Irrigation Systems, Material Handling, Control Systems, and Others), and Region 2024-2032,” the global hydroponics market size reached US$ 13.3 Billion in 2023. Hydroponics refers to a branch of agriculture where plants are grown without using soil. It involves growing plants in an inert medium and supplying the nutrients directly to their roots via an aqueous nutrient solution, thus eliminating the need for soil. Some of the most commonly used nutrient solutions include expanded clay, coco coir, wood fiber, perlite, rock wool, vermiculite and peat moss. Nowadays, leading players are developing advanced hydroponic systems that provide complete control over environmental factors, such as light, temperature, pH, tilth, nutrient content and microorganisms. 

Global Hydroponics Market Trends: 

The rising concerns about food security on account of rapid urbanization, growing population, climatic changes, and decreasing arable land represents the primary factor driving the global market. Additionally, the growing awareness regarding the harmful health and environmental impact of agrochemicals, pesticides and mono-cropping employed in traditional soil-based farming is catalyzing the demand for hydroponics. Since hydroponics requires less water, eliminates soil-related diseases and provides high crop yields, governing agencies of numerous countries are promoting its adoption in regions with poor weather or soil conditions like deserts to overcome food shortage challenges. This, in line with the escalating demand for alternative high-yielding farming techniques, has positively influenced the market growth. Besides this, consumers are increasingly shifting toward home-grown organic vegetables and fruits due to the rising health consciousness and elevating incomes, which is encouraging the adoption of home-based hydroponic gardening. Furthermore, leading players are focusing on introducing more efficient outdoor and indoor hydroponic gardening methods, thereby providing a positive market outlook. Other factors, including easy usage and low installation cost of hydroponics systems, and the escalating demand for exotic vegetables and fruits, are also propelling the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 32.5 Billion by 2032, expanding at a CAGR of 10.1% during the forecast period (2024-2032).

Market Summary: 

  • Based on the type, the market has been bifurcated into aggregate (closed and open systems) and liquid hydroponic systems.  
  • The market has been segregated based on the crop type into tomato, lettuce and leafy vegetables, pepper, cucumber, microgreens, and others.  
  • Based on equipment, the market has been segmented into HVAC, LED grow light, irrigation systems, material handling, control systems, and others.  
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.  
  • The competitive landscape of the market has also been analyzed, with some of the key players being AeroFarms, LLC, Argus Control Systems Limited (CEL Group of Companies), BrightFarms, Inc., General Hydroponics Inc., GreenTech Agro LLC, GrowLife Inc., Hydrodynamics International, Inc., Hydrofarm Holdings Group, Inc., Logiqs B.V., LumiGrow Inc., Thanet Earth Limited and Village Farms International, Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Crop Type, Equipment, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AeroFarms, Argus Control Systems Limited (Controlled Environments Limited), BrightFarms, General Hydroponics Inc., GreenTech Agro LLC, GrowLife Inc., Hydrodynamics International, Hydrofarm LLC, Logiqs B.V., LumiGrow Inc., Thanet Earth Limited and Village Farms International Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:


USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Hydroponics Market to Reach US$ 32.5 Billion by 2032, Propelled by Rising Concerns About Food Security
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More