Market Scenario, The global Hydroponics Market is expected to garner a revenue of USD 17 billion by 2024, with a CAGR of approximately 11.5% during the forecast period, 2019–2024. Hydroponics refers to an agricultural technique used to grow plants in a soil-less medium, such as a mineral nutrient and water solution. Hydroponics is gaining momentum in the global agriculture industry owing to the higher yield obtained through hydroponics. Additionally, cultivation of crops through hydroponics reduces the effects of external environmental factors on crop growth as it provides controlled environment conditions. Adoption of hydroponics also reduces the burden on natural resources such as land and water, as it requires little indoor space and water used in the nutrient solution can be recycled and reused. However, the global market is witnessing hindrance in its growth due to the high capital investment required to set up a large-scale hydroponics plant. Moreover, lack of government support and initiatives, especially in the developing countries, is also hampering the market growth. Market players are expected to witness lucrative opportunities in the global market during the forecast period owing to the expanding application of hydroponics in various commercial and residential buildings such as restaurants, grocery stores, residential terraces, and others. , Segmentation, The global hydroponics market has been segmented based on type, input, equipment, crop type, and region., By type, the global market has been divided into aggregate system and liquid hydroponics. The aggregate system segment is further classified into water culture system, EBB and flow system, drip system, and others. The liquid hydroponics segment is further segregated into nutrient film technique, aeroponics, and others., The global market has also been segregated, based on input, into growth media, nutrients, and others. The growth media segment is further classified

Market Scenario

The global Hydroponics Market is expected to garner a revenue of USD 17 billion by 2024, with a CAGR of approximately 11.5% during the forecast period, 2019–2024. Hydroponics refers to an agricultural technique used to grow plants in a soil-less medium, such as a mineral nutrient and water solution. Hydroponics is gaining momentum in the global agriculture industry owing to the higher yield obtained through hydroponics. Additionally, cultivation of crops through hydroponics reduces the effects of external environmental factors on crop growth as it provides controlled environment conditions. Adoption of hydroponics also reduces the burden on natural resources such as land and water, as it requires little indoor space and water used in the nutrient solution can be recycled and reused. However, the global market is witnessing hindrance in its growth due to the high capital investment required to set up a large-scale hydroponics plant. Moreover, lack of government support and initiatives, especially in the developing countries, is also hampering the market growth. Market players are expected to witness lucrative opportunities in the global market during the forecast period owing to the expanding application of hydroponics in various commercial and residential buildings such as restaurants, grocery stores, residential terraces, and others.

Segmentation

The global hydroponics market has been segmented based on type, input, equipment, crop type, and region.

By type, the global market has been divided into aggregate system and liquid hydroponics. The aggregate system segment is further classified into water culture system, EBB and flow system, drip system, and others. The liquid hydroponics segment is further segregated into nutrient film technique, aeroponics, and others.

The global market has also been segregated, based on input, into growth media, nutrients, and others. The growth media segment is further classified into clay, rockwool, coco coir, and others.

Based on equipment, the global market is segregated into, HVAC, irrigation system, LED growing lights, and others.

By crop type, the global market has been classified as vegetables, fruits, flowers, and others. The vegetable segment is further segmented into leafy, cucumber, tomato, and others.

The global hydroponics market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American hydroponics industry has further been segmented into the US, Canada, and Mexico. The European hydroponics industry has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The hydroponics market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The hydroponics industry in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players in the Global Hydroponics Market



Heliospectra AB (Sweden)



Scotts Miracle Gro (US)



Village Farms (Canada)



Argus Control Systems (Canada)



Iron Ox (US)



American Hydroponics (US)



Terra Tech Corp (US)



Hydroponic Farms (UAE)



LumiGrow (US)



Aerofarms (US)



Signify Holdings (Netherlands)



Triton Foodworks Ltd. (India)



Urban cultivator (Canada)



Green Sense Holdings (US)



Regional Market Summary

Global Hydroponics Market Share (%), by Region, 2018



Source: Secondary Sources and MRFR Analysis

Asia-Pacific is expected to dominate the hydroponics market throughout the forecast period owing to the high adoption of advanced agricultural technologies amongst the farmers in the region. In Europe, countries such as the Netherlands, France, and Spain are the prominent markets contributing to the region’s growth. However, North America is expected to register the highest CAGR during the forecast period owing to the increasing penetration of market players in the region and rising need to cultivate high quality and quantity of crop production in a smaller area.

Global Market, by Type



Aggregate System



Water Culture System

EBB and Flow System

Drip System

Others











Liquid Hydroponics



Nutrient Film Technique

Aeroponics

Others









Global Market, by Input



Growth Media



Clay

Rockwool

Coco Coir

Others







Nutrients



Others



Global Market, by Equipment



HVAC



Irrigation System



LED Growing Lights



Others



Global Market, by Crop Type



Vegetables



Leafy

Cucumber

Tomato

Others







Fruits



Flowers



Others



Global Market, by Region



North America



US

Canada

Mexico











Europe



Germany

France

Italy

Spain

UK

Rest of Europe











Asia-Pacific



Japan

China

India

Australia & New Zealand

Rest of Asia-Pacific











Rest of the World (RoW)



South America

Middle East

Africa









Intended Audience



Greenhouse equipment manufacturers



Large scale vegetable producers



Horticultural input companies



Retailers



Government organization



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