Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4591
Buy Now

Market Overview:

The global hydroponics market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.48% during 2023-2028.

Hydroponics is a state-of-the-art technique used for producing food in a controlled, soilless setting. It provides complete control of environmental factors, such as pH, light, air temperature, microorganisms, tilth, and nutrient content. It helps grow plants in a liquid nutrient solution comprising expanded clay, coir, perlite, vermiculite, brick shards, polystyrene packing peanuts, and wood fiber. At present, highly precise, data-driven, automated, and scalable hydroponics solutions are being developed worldwide. These solutions allow tomatoes, lettuce, cucumbers, peppers and ornamental crops like herbs, roses, freesia, and foliage plants to be produced in smaller spaces.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Hydroponics Market Trends:

Increasing food shortage on account of the rising global population, rapid urbanization, reducing arable land area, and climatic changes are among the key factors bolstering the market growth. Moreover, conventional commercial farming practices rely on pesticides, agrochemicals, mechanization, and mono-cropping, which deplete topsoil and aquifers and pollute water and air. This, along with the growing awareness among farmers about the environmental impacts of traditional soil-based farming, is contributing to the adoption of hydroponics around the world. In addition to this, hydroponic farming requires less water, eliminates soil-related diseases, and provides faster growth and high crop yields. As a result, governing agencies of numerous countries are promoting its use in areas with poor soil conditions like deserts and cold regions to overcome food shortage challenges. Apart from this, due to the inflating income levels and rising consumer inclination towards home-grown organic fruits and vegetables, home-based hydroponic gardening is gaining traction across the globe. In line with this, researchers are focusing on developing efficient indoor and outdoor hydroponic gardening methods, which are anticipated to influence the demand for hydroponics positively.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydroponics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, crop type and equipment.

Breakup by Type:

  • Aggregate Hydroponic System
    • Closed System
    • Open System
  • Liquid Hydroponic System
     

Breakup by Crop Type:

  • Tomato
  • Lettuce and Leafy Vegetables
  • Pepper
  • Cucumber
  • Microgreens
  • Others
     

Breakup by Equipment:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

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

Breakup by Region:

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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)

Key Questions Answered in This Report:

  • How has the global hydroponics market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hydroponics market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the crop type?
  • What is the breakup of the market based on the equipment?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hydroponics market and who are the key players?
  • What is the degree of competition in the industry?

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.
Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select License Type



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
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

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
KRISHAK BHARTI CO-OP LTD

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
Stax

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