Reports - Hydroponics Market
Hydroponics Market Size, Share & Trends Analysis Report by Type (Aggregate Systems, Ebb & Flow Systems, Drip Systems, Wick Systems, Liquid Systems, Deep Water Culture, Nutrient Film Technique (NFT), Aeroponics) by Equipment (HVAC, LED Grow Lights, Control Systems, Irrigation Systems, Material Handling Equipment, Other Equipment) by Input (Nutrients, Growth Media) by Farming Method (Indoor, Outdoor) by Crop Area (Upto 1000 Square Feet, 1000-10000 Square Feet, 10000-50000 Square Feet, Above 50000 Square Feet) by Crop Type (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, Other Crop Types) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)
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USD 17.9 Billion
11.90%
Europe
Asia Pacific
2021 - 2023
NaN - NaN
By Type, By Equipment, By Input, By Farming Method, By Crop Area, By Crop Type, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Hydroponics Market is valued at USD 5.2 Billion in 2024 and is projected to reach a value of USD 17.9 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 11.90% between 2025 and 2035.
Premium Insights
The global Hydroponics market has seen significant growth in recent years, with a steady rise in demand for fresh and pesticide-free produce. The Food and Agriculture Organization of the United Nations projects that by 2050, there will be nine billion people on the entire globe, 75% of whom will reside in urban areas. Meeting the growing need for food will be one of the major problems as farmland becomes scarce due to causes including soil pollution, water scarcity, and climate change, among others. In the present scenario, an effective way to solve such an issue is provided by Hydroponics, an agricultural technique that does not use soil. Moreover, the success and future dominance of Hydroponics in the worlds food production are likely due to its numerous advantages. Hydroponics allows for year-round crop production, reduces water use by up to 90% compared to conventional farming methods, and eliminates the use of pesticides and herbicides. This sustainable and efficient approach to farming makes Hydroponics a desirable solution to tackle food security challenges, especially as land degradation and urbanization continue to reduce available farmland.
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Economic Insights
Hydroponics stands out as a suitable, sustainable alternative for urban and peri-urban settlements, which supports the Sustainable Development Goal number 11: Sustainable Cities & Communities of the United Nations' 2030 Agenda for Sustainable Development. This is in contrast to the intrinsically unecological ways of modern open-field agriculture. The expanded use of Hydroponics is crucial for UA and transformative for the food industrys supply chain, social welfare, and environmental development; nevertheless, it must be implemented in small- and medium-scale production to achieve its full potential. It requires producers to comprehend the advantages of adopting new technologies to maximize cost-benefit at small- and medium-scale levels to meet local consumers' demands or self-consumption needs. Technologists must have a basic knowledge of Hydroponics to create applicable technologies. Although crop yields and resource efficiency have shown promise in Hydroponics farming, more research is still required to determine the economic sustainability of various Hydroponics farming methods. This involves studying the advantages and disadvantages of the different Hydroponics systems and creating fresh business plans for Hydroponics farming companies.
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Top Market Trends
Market Segmentation
The Global Hydroponics Market is categorized into the segments as mentioned below:
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Based on Type
Liquid Systems Segment Dominates the Market
The liquid systems segment accounted for the most significant market growth in 2024, offering numerous advantages over traditional soil-based methods. Liquid systems enable precise control over nutrient composition, pH levels, and water availability, leading to optimal plant growth. It also allows for better nutrient uptake and absorption, resulting in higher crop yields and faster growth rates. Additionally, liquid systems are highly efficient in water consumption, as the nutrient solution can be recycled, reducing water waste. Furthermore, these systems are suitable for small-scale and large-scale farming operations, making them versatile and adaptable to various agricultural settings.
Based on Equipment
LED Grow Lights to Lead Maximum Market Share
In 2024, the LED grow lights segment dominated the market. LED lights are highly energy-efficient and provide the specific light wavelengths needed for plant growth, making them ideal for indoor farming and Hydroponics system. These lights have a longer lifespan than traditional lighting methods, reducing maintenance costs for growers. Additionally, LED grow lights produce less heat, reducing the risk of plant damage or fire hazards.
Based on Input
Nutrient Segment Topped the Market
The nutrient segment in the global Hydroponics market plays a crucial role in providing essential elements for plant growth and development. The nutrient segment in the market offers a wide range of products, including liquid and powdered nutrients, specifically formulated to meet the unique requirements of Hydroponics plants. These nutrients consist of a balanced mix of macronutrients, such as nitrogen, phosphorus, and potassium, as well as essential micronutrients, like iron, manganese, and zinc. The increasing adoption of Hydroponics systems in commercial farming and home gardening has boosted the demand for nutrient products. As more farmers and gardeners recognize the advantages of Hydroponics, the nutrient segment is projected to witness significant growth in the coming years.
Based on the Farming Method
Outdoor Segment Expects Dominion
The outdoor segment accounted for the maximum revenue share in 2024, i.e., 55.9% in the market due to several factors. The rising population base and urbanization have led to a scarcity of arable land, making outdoor Hydroponics a viable solution for farming in small spaces. The rising awareness about sustainable agricultural practices and the need for pesticide-free produce has also fueled the demand for outdoor Hydroponics. With advancements in technology and automation, outdoor Hydroponics systems have become more efficient and cost-effective, making them attractive options for commercial farming. Furthermore, the ability of outdoor Hydroponics to withstand various weather conditions and produce high yields throughout the year has further boosted its adoption.
Based on Crop Type
The Tomatoes segment held the top spot in the Market
In 2024, the tomatoes category dominated the market. Hydroponics tomato cultivation offers several advantages over traditional soil cultivation methods, such as greater control over nutrient intake, enhanced plant growth, and increased yield. Moreover, the increasing demand for fresh and high-quality tomatoes, coupled with the limited availability of arable land, has driven the adoption of Hydroponics cultivation techniques. Europe and North America have been the major contributors to the growth of the Hydroponics tomato segment, owing to favorable government initiatives and the presence of advanced infrastructure.
Based on Region
Europe Led the Market
Europe dominated the global Hydroponics market with 42% revenue in 2024, driven by increasing demand for organic and locally-grown produce, land scarcity, and the need for efficient and sustainable agriculture practices. Several European countries, including the Netherlands, Spain, and the United Kingdom, are prominent players in the Hydroponics market. The Netherlands, in particular, has established itself as a global leader in Hydroponics technology and production, with many greenhouse facilities dedicated to Hydroponics cultivation.
Competitive Landscape
The Hydroponics market is highly competitive and characterized by constant product innovation, strategic collaborations, and investments. As the industry expands, stakeholders will likely witness the emergence of new players and disruptive technologies, further intensifying competition and driving market growth.
The players in the global Hydroponics market include AeroFarms Inc. (U.S.) among others.
Recent Market Developments
Segmentation of the Global Hydroponics Market
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
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