Market Overview:
The global hydroponic growth medium and nutrient market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market is segmented by type, application, and region. The type segment is further divided into organic nutrients and synthetic nutrients. The application segment is divided into commercial and residential applications. The regional segments are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The global hydroponic growth medium and nutrient market has been witnessing significant growth due to the increasing demand for high-quality fruits and vegetables across the globe. In addition, the growing awareness about the benefits of consuming fresh fruits and vegetables has led to an increase in the demand for hydroponically grown produce. Furthermore, technological advancements in hydroponics systems have resulted in their increased adoption among end users such as farmers as well as hobbyists or home gardeners owing to their low maintenance requirements as compared to traditional farming methods such as soil cultivation or aquaculture farming methods used for vegetable production.
Product Definition:
A hydroponic growth medium is a material that supports plant roots and helps to deliver water and nutrients to the plants. The most common types of growth media are soil, gravel, sand, vermiculite, and perlite. Soil is often used in traditional agriculture, but it can be heavy and difficult to work with. Hydroponic growers often use inert media like gravel or sand because they are less likely to harbor pests or diseases. The nutrient solution provides essential minerals and other nutrients that help the plants grow healthy and strong.
Organic Nutrients:
Organic nutrients is a water-soluble nutrient solution that contains all the essential ingredients for plant growth. It helps in providing energy, building blocks, and other macronutrients to the plant. The product also helps in enhancing cell structure and development along with protecting it from pathogens & harmful bacteria during its growth.
Synthetic Nutrients:
Synthetic nutrients are chemical compounds that are not found in nature and therefore, need to be added into the plant's diet. These nutrients help increase the yield of a crop by improving color, size, and health of plants. The most common synthetic nutrient is Nitrogen which is often applied in liquid form as a fertilizer or used with Phosphorous for shoot growth.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 70% in 2017. Hydroponic gardening is gaining popularity as an efficient and cost-effective method for cultivating indoor plants, flowers, vegetables and fruits. The nutrient solution alone or in combination with other products provides necessary elements such as trace elements, vitamins, minerals and amino acids required by the plant. Thus increasing demand from commercial sector is anticipated to drive the global market growth over the forecast period.
Residential application was estimated at USD 446 million in 2017 owing to rising awareness regarding hydroponics among home gardeners across various regions coupled with availability of a wide range of products specifically designed for residential applications at affordable prices compared to commercial sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing demand for residential as well as commercial spaces. This trend is projected to positively influence industry growth over the next eight years.
The growing population and rising disposable income levels are likely to drive agricultural production across Asia Pacific countries such as India, China, Thailand, Philippines and Indonesia. These factors are anticipated to create a positive impact on regional product demand in hydroponic farms owing to their increased application scope across various verticals including residential & commercial green houses across these developing economies of Asia Pacific region during the forecast period from 2018 to 2030 (estimated).
Growth Factors:
- Increasing demand for high quality and nutritious food: The global population is growing at a rapid pace and the demand for high quality, nutritious, and safe food is increasing correspondingly. Hydroponic growth mediums and nutrients help in producing such food items with minimal environmental impact. This is driving the growth of the hydroponic growth mediums and nutrients market.
- Rising awareness about health benefits of consuming organic produce: There is a growing awareness among people about the health benefits of consuming organic produce. This has led to an increase in the demand for organically grown fruits and vegetables, which in turn is boosting the hydroponic growth mediums and nutrients market.
- Technological advancements: The hydroponic growth mediums and nutrients market is witnessing significant advancements due to technological innovations taking place across various sectors such as agriculture, horticulture, etcetera This has resulted in better products with enhanced features being made available in the market, thereby propellingthegrowthofthehydroponicsmarketmediumsandnutrientsmarketin turn .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydroponic Growth Medium and Nutrient Market Research Report
By Type
Organic Nutrients, Synthetic Nutrients
By Application
Commercial, Residential
By Companies
Advanced Nutrients, HydroGarden, General Hydroponics, Botanicare Hydroponics, Atami BV, CANNA, Emerald Harvest, Humboldts Secret, FoxFarm, Grow Technology, Advanced Nutrients, Masterblend, AeroGarden
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Hydroponic Growth Medium and Nutrient Market Report Segments:
The global Hydroponic Growth Medium and Nutrient market is segmented on the basis of:
Types
Organic Nutrients, Synthetic Nutrients
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Nutrients
- HydroGarden
- General Hydroponics
- Botanicare Hydroponics
- Atami BV
- CANNA
- Emerald Harvest
- Humboldts Secret
- FoxFarm
- Grow Technology
- Advanced Nutrients
- Masterblend
- AeroGarden
Highlights of The Hydroponic Growth Medium and Nutrient Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Nutrients
- Synthetic Nutrients
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydroponic Growth Medium and Nutrient Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydroponic growth medium (HGM) is a water-based nutrient solution that is used to grow plants in hydroponic systems. It contains all the essential elements needed for plant growth, including nitrogen, phosphorus, potassium, and other minerals. Nutrient solutions also contain additives such as trace elements and vitamins that help promote plant health.
Some of the major players in the hydroponic growth medium and nutrient market are Advanced Nutrients, HydroGarden, General Hydroponics, Botanicare Hydroponics, Atami BV, CANNA, Emerald Harvest, Humboldts Secret, FoxFarm, Grow Technology, Advanced Nutrients, Masterblend, AeroGarden.
The hydroponic growth medium and nutrient market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydroponic Growth Medium and Nutrient Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydroponic Growth Medium and Nutrient Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydroponic Growth Medium and Nutrient Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydroponic Growth Medium and Nutrient Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydroponic Growth Medium and Nutrient Market Size & Forecast, 2018-2028
4.5.1 Hydroponic Growth Medium and Nutrient Market Size and Y-o-Y Growth
4.5.2 Hydroponic Growth Medium and Nutrient Market Absolute $ Opportunity
Chapter 5 Global Hydroponic Growth Medium and Nutrient Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
5.2.1 Organic Nutrients
5.2.2 Synthetic Nutrients
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydroponic Growth Medium and Nutrient Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydroponic Growth Medium and Nutrient Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydroponic Growth Medium and Nutrient Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydroponic Growth Medium and Nutrient Analysis and Forecast
9.1 Introduction
9.2 North America Hydroponic Growth Medium and Nutrient Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
9.6.1 Organic Nutrients
9.6.2 Synthetic Nutrients
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydroponic Growth Medium and Nutrient Analysis and Forecast
10.1 Introduction
10.2 Europe Hydroponic Growth Medium and Nutrient Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
10.6.1 Organic Nutrients
10.6.2 Synthetic Nutrients
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydroponic Growth Medium and Nutrient Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydroponic Growth Medium and Nutrient Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
11.6.1 Organic Nutrients
11.6.2 Synthetic Nutrients
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydroponic Growth Medium and Nutrient Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydroponic Growth Medium and Nutrient Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
12.6.1 Organic Nutrients
12.6.2 Synthetic Nutrients
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydroponic Growth Medium and Nutrient Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydroponic Growth Medium and Nutrient Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydroponic Growth Medium and Nutrient Market Size Forecast by Type
13.6.1 Organic Nutrients
13.6.2 Synthetic Nutrients
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydroponic Growth Medium and Nutrient Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydroponic Growth Medium and Nutrient Market: Competitive Dashboard
14.2 Global Hydroponic Growth Medium and Nutrient Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Nutrients
14.3.2 HydroGarden
14.3.3 General Hydroponics
14.3.4 Botanicare Hydroponics
14.3.5 Atami BV
14.3.6 CANNA
14.3.7 Emerald Harvest
14.3.8 Humboldts Secret
14.3.9 FoxFarm
14.3.10 Grow Technology
14.3.11 Advanced Nutrients
14.3.12 Masterblend
14.3.13 AeroGarden
