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Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global hydroponics market reached a value of US$ 9.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

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, along with forecasts at the global, regional and country level from 2021-2026. 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:

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

Breakup by Region:

  • 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 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hydroponics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Aggregate Hydroponic System
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Closed System
           6.1.2.2 Open System
        6.1.3 Market Forecast
    6.2    Liquid Hydroponic System
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Crop Type
    7.1    Tomato
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Lettuce and Leafy Vegetables
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Pepper
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cucumber
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Microgreens
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others 
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Equipment
    8.1    HVAC
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    LED Grow Light
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Irrigation Systems
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Material Handling
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Control Systems
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AeroFarms
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Argus Control Systems Limited (Controlled Environments Limited)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    BrightFarms
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    General Hydroponics Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    GreenTech Agro LLC
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    GrowLife Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    Hydrodynamics International
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Hydrofarm LLC
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Logiqs B.V.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    LumiGrow Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Thanet Earth Limited
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Village Farms International Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Hydroponics Market: Major Drivers and Challenges
Figure 2: Global: Hydroponics Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Hydroponics Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Hydroponics Market: Breakup by Type (in %), 2020
Figure 5: Global: Hydroponics Market: Breakup by Crop Type (in %), 2020
Figure 6: Global: Hydroponics Market: Breakup by Equipment (in %), 2020
Figure 7: Global: Hydroponics Market: Breakup by Region (in %), 2020
Figure 8: Global: Hydroponics (Aggregate Hydroponic System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Hydroponics (Aggregate Hydroponic System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Hydroponics (Liquid Hydroponic System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Hydroponics (Liquid Hydroponic System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Hydroponics (Tomato) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Hydroponics (Tomato) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Hydroponics (Lettuce and Leafy Vegetables) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Hydroponics (Lettuce and Leafy Vegetables) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Hydroponics (Pepper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Hydroponics (Pepper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Hydroponics (Cucumber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Hydroponics (Cucumber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Hydroponics (Microgreens) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Hydroponics (Microgreens) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Hydroponics (Other Crop Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Hydroponics (Other Crop Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Hydroponics (HVAC) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Hydroponics (HVAC) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Hydroponics (LED Grow Light) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Hydroponics (LED Grow Light) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Hydroponics (Irrigation Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Hydroponics (Irrigation Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Hydroponics (Material Handling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Hydroponics (Material Handling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Hydroponics (Control Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Hydroponics (Control Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Hydroponics (Other Equipment Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Hydroponics (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Hydroponics Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Hydroponics Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Hydroponics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Hydroponics Industry: SWOT Analysis
Figure 86: Global: Hydroponics Industry: Value Chain Analysis
Figure 87: Global: Hydroponics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hydroponics Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hydroponics Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Hydroponics Market Forecast: Breakup by Crop Type (in Million US$), 2021-2026
Table 4: Global: Hydroponics Market Forecast: Breakup by Equipment (in Million US$), 2021-2026
Table 5: Global: Hydroponics Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Hydroponics Market: Competitive Structure
Table 7: Global: Hydroponics Market: Key Players

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