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Tuesday, December 5, 2023

Hydroponics Market Share, Industry Size and Future Demand Analysis 2022-2027

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How Big is the Hydroponics Market ? :

IMARC Group’s latest report, titled “Hydroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the hydroponics market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global hydroponics market reached  a value of US$ 10.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2027, exhibiting at a CAGR of 11.5%during 2022-2027. 

What is Hydroponics and Uses ? :

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. 

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/hydroponics-market/requestsample

Competitive Landscape with Key  Players:

  • 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 
  • Village Farms International Inc

Hydroponics Market Growth and Future Demand Analysis:

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.

Key Market Segmentation:

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, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Report Coverage:

Report FeaturesDetails
Base Year of the Analysis2021
    Historical Period2016-2021
Forecast Period2022-2027
UnitsUS$ Billion
Segment CoverageType, Crop Type, Equipment, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries CoveredUnited States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies CoveredAeroFarms, 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 Scope10% Free Customization
Report Price and Purchase OptionSingle User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support10-12 Weeks
Delivery FormatPDF 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:


134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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