Infographics - Hydroponics Market

The hydroponics market is estimated to be valued at USD 47.38 Bn in 2024, growing at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031. Hydroponics is a subset of hydro culture, which is a method of growing plants without soil, instead of using mineral nutrient solutions in an aqueous solvent. Termed as "soilless farming", hydroponics is gaining immense popularity globally as it uses 70-90% less water compared to traditional agriculture and provides higher yield per land area. With the growing global population and reducing arable land, hydroponics is emerging as a sustainable solution for meeting the rising food demand. Several cities across the developed world are adopting roof-top and vertical hydroponics farms to ensure food security. The hydroponics market is expected to grow substantially in the coming years as consumers become more environment conscious and demand locally grown chemical-free produce.

Market Dynamics:

The global hydroponics market is driven by factors such as limited availability of arable land, growing adoption of sustainable farming practices, rising population, and increasing demand for chemical-free organic foods. However, the market faces restraints from high initial setup and maintenance costs of hydroponic greenhouses and lack of standardized regulations. The market players have opportunities from the increasing commercial greenhouse vegetable production in developing nations. The rising popularity of indoor vertical farming is also extending new growth opportunities. Precision agriculture using IoT sensors and data analysis is another trend gaining foothold in the hydroponics market space.

Key Features of the Study:

This report provides an in-depth analysis of the global hydroponics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global hydroponics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Argus Control System, Koninklijke Philips NV , Greentech Agro LLC , Biodynamic LLC, General Hydroponics, Inc., Logiqs B.V., Lumigrow, Inc., Hydrofarm Inc., Hydrodynamics International Inc., Heliospectra AB, Village Farms International, Inc., Platinum Produce Company , Millennium Pacific Greenhouses Ltd, Soave Enterprises LLC., Nutrifresh, Rise hydroponics, Urban Kisaan, Cochin Ela Sustainable Solutions, Brio Hydroponics, and Rise Hydroponics.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global hydroponics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydroponics market.

Market Segmentation

Equipment:
- HVAC
- Communication Technology
- LED Grow Light
- Irrigation System
- Material Handling
- Control System
- Others
Type:
- Aggregate systems
- Ebb & flow systems
- Drip systems
- Wick systems
- Liquid systems
- Deep water culture
- Nutrient film technique (NFT)
- Aeroponics
Crop Type:
- Tomato
- Lettuce & Leafy Vegetables
- Cucumber
- Pepper
- Fruits
- Others
Input Type:
- Nutrients
- NPK
- Trace minerals
- Other nutrients
- Grow media
- Rockwool
- Perlite & vermiculite
- Coco fiber
- Other grow media
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Argus Control System
- Koninklijke Philips NV
- Greentech Agro LLC
- Biodynamic LLC
- General Hydroponics, Inc.
- Logiqs B.V.
- Lumigrow, Inc.
- Hydrofarm Inc.
- Hydrodynamics International Inc.
- Heliospectra AB
- Village Farms International, Inc.
- Platinum Produce Company
- Millennium Pacific Greenhouses Ltd
- Soave Enterprises LLC.
- Nutrifresh
- Rise hydroponics
- Urban Kisaan
- Cochin Ela Sustainable Solutions
- Brio Hydroponics
- Rise Hydroponics

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Equipment
  - Market Snippet, By Type
  - Market Snippet, By Crop Type
  - Market Snippet, By Input Type
  - Market Snippet, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
Global Hydroponics Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Hydroponics Market – COVID-19
- Impact Analysis
Global Hydroponics Market, By Equipment 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2019, 2024, and 2028 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- HVAC
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Communication Technology
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- LED Grow Light
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Irrigation System
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Material Handling
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Control System
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Global Hydroponics Market, By Type, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2019, 2024, and 2028 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Aggregate Hydroponics Systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Aggregate systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Ebb & flow systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Drip systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Wick systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Liquid systems
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Deep water culture
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Nutrient film technique (NFT)
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Aeroponics
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Global Hydroponics Market, By Crop Type, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2019, 2024, and 2028 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Tomato
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Lettuce & Leafy Vegetables
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Cucumber
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Pepper
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Fruits
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Global Hydroponics Market, By Input Type, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2019, 2024, and 2028 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Nutrients
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- NPK
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Trace minerals
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Other nutrients
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Grow media
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Rockwool
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Perlite & vermiculite
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Coco fiber
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Other grow media
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Global Hydroponics Market, By Region, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, By Region, 2019, 2024, and 2028 (%)
  - Y-o-Y Growth Analysis, For Region, 2019 - 2031
- North America
  - Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, By Country, 2019 - 2031
  - Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
  - Countries
    - U.S.
    - Canada
- Latin America
  - Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, By Country, 2019 - 2031
  - Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
  - Countries
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, By Country, 2019 - 2031
  - Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
  - Countries
    - U.K.
    - Germany
    - Italy
    - France
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, By Country, 2019 - 2031
  - Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
  - Countries
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Middle East & Africa
  - Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, By Region, 2019 - 2031
  - Market Size and Forecast, By Equipment, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Crop Type, 2019- 2031(US$ Bn)
  - Market Size and Forecast, By Input Type, 2019- 2031(US$ Bn)
  - Sub-Regions
    - GCC Countries
    - Israel
    - Rest of the Middle East & Africa
Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
  - Argus Control System (Canada)
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Koninklijke Philips NV (The Netherlands)
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Greentech Agro LLC (U.S.)
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Biodynamic LLC.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - General Hydroponics, Inc.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Logiqs B.V. (The Netherlands)
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Lumigrow, Inc. (U.S.)
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Hydrofarm Inc.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Hydrodynamics International Inc.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Heliospectra AB
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Village Farms International, Inc.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Platinum Produce Company and Millennium Pacific Greenhouses Ltd
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Soave Enterprises LLC.
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Nutrifresh
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Rise hydroponics
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Urban Kisaan
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Cochin Ela Sustainable Solutions
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Brio Hydroponics
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
  - Rise Hydroponics
    - Company Overview
    - Product Portfolio
    - Recent Developments/Updates
Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
Section
- References
- Research Methodology
- About Us and Sales Contact

* Browse 50 market data tables* and 40 figures* on “Hydroponics Market” - Global forecast to 2031.

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