Market Overview:
The global hydroponics market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for fresh fruits and vegetables, technological advancements in hydroponic systems, and rising awareness about health benefits of consuming fresh fruits and vegetables. The media filled growbeds (MFG) segment is expected to account for the largest share of the global hydroponics market in 2018. This segment is also projected to register the highest CAGR during the forecast period. The high growth rate of this segment can be attributed to factors such as easy installation, low maintenance requirements, and ability to produce high yields with minimal wastage. The academic sector is expected to account for the largest share ofthe global hydroponics market in 2018.
Product Definition:
Hydroponics is a subset of hydroculture, which is a method of growing plants without soil. Plants may be grown in water, nutrient solutions, or air.
Media Filled Growbeds (MFG):
Media Filled Growbeds (MFG) are used to grow plants in a controlled environment. It is an alternative to soil-based growing as it provides better control over the environmental factors such as pH, water, and nutrients. The major advantage of using MFG is that it eliminates the risk of soil organisms causing diseases and also aids in faster growth with higher yields than traditional methods.
The global hydroponics market size was valued at USD 2 billion in 2015.
Nutrient Film Technique (NFT):
Nutrient Film Technique (NFT) is a method of growing plants without soil, where the nutrients are provided through a liquid film applied to the roots of the plant. Nutrients in this case refer to all types of nutrients required by the plant, including macronutrients such as potassium and nitrogen and micronutrients such as phosphorous and zinc along with water soluble vitamins. The nutrient film technique is used for indoor gardening, hydroponics or aeroponics farming.
Application Insights:
The academic segment held the largest market share of more than 60% in 2017. Hydroponics is widely used in colleges, universities and schools for cultivating plants without soil. The technique helps to conserve natural resources and reduce greenhouse gas emissions by reducing the use of chemical fertilizers and pesticides. Growing crops hydroponically requires less water as compared to conventional agriculture methods as water is recycled numerous times over a period of time. This factor alone would encourage educational institutions across the globe to adopt this eco-friendly method for growing plants, thereby driving growth over the forecast period.
Commercial application segment was valued at USD 281 million in 2017 owing to rising adoption by commercial growers across Europe, North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing awareness regarding indoor farming, supportive government policies and availability of cheap electricity in countries like China and India. In addition, rising urbanization has led to an increase in demand for food production that would reduce reliance on imports from overseas thereby supporting regional market growth.
Europe accounted for more than 20% share of global revenue in 2017 owing to high adoption rates of hydroponics across several European countries including Germany, Spain, U.K.
Growth Factors:
- Increasing demand for organic fruits and vegetables: The global market for organic fruits and vegetables is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of consuming organic produce among consumers. Hydroponics is an ideal method for growing organic produce, as it does not use any pesticides or fertilizers.
- Rising demand for food security: With the population on the rise, there is an increased demand for food security across the globe. Hydroponics offers a viable solution to this problem as it enables crops to be grown in a controlled environment, thus ensuring high yields with minimal wastage.
- Growing popularity of urban farming: There is a growing trend of urban farming, especially in developed countries such as the US and Europe, where people are increasingly taking up agriculture as a hobby or profession due to rising concerns about food safety and sustainability issues. Hydroponics offers several advantages over traditional farming methods such as reduced water usage and shorter harvesting times, making it an attractive option for urban farmers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydroponics Market Research Report
By Type
Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others
By Application
Academic, Commercial, Family, Others
By Companies
Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, ECF Farm Systems, Urban Farmers, PFAS, EcoGro, Aquaponic Lynx, Aquaponics Place, Endless Food Systems, Aonefarm, Japan Aquaponics, Evo Farm, Water Farmers
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Hydroponics Market Report Segments:
The global Hydroponics market is segmented on the basis of:
Types
Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others
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
Academic, Commercial, Family, Others
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:
- Nelson and Pade
- Aquaponic Source
- Backyard Aquaponics
- Aquaponics USA
- PentairAES
- Gothic Arch Greenhouses
- Stuppy
- ECF Farm Systems
- Urban Farmers
- PFAS
- EcoGro
- Aquaponic Lynx
- Aquaponics Place
- Endless Food Systems
- Aonefarm
- Japan Aquaponics
- Evo Farm
- Water Farmers
Highlights of The Hydroponics 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:
- Media Filled Growbeds (MFG)
- Nutrient Film Technique (NFT)
- Deep Water Culture (DWC)
- Others
- By Application:
- Academic
- Commercial
- Family
- Others
- 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 Hydroponics 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
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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?
Hydroponics is a method of growing plants without soil. The plants are grown in water and nutrients that are supplied through a system of tubing, pumps, and reservoirs.
Some of the major companies in the hydroponics market are Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, ECF Farm Systems, Urban Farmers, PFAS, EcoGro, Aquaponic Lynx, Aquaponics Place, Endless Food Systems, Aonefarm, Japan Aquaponics, Evo Farm, Water Farmers.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydroponics 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 Hydroponics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydroponics 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 Hydroponics 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 Hydroponics Market Size & Forecast, 2020-2028
4.5.1 Hydroponics Market Size and Y-o-Y Growth
4.5.2 Hydroponics Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Media Filled Growbeds (MFG)
5.2.2 Nutrient Film Technique (NFT)
5.2.3 Deep Water Culture (DWC)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Academic
6.2.2 Commercial
6.2.3 Family
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydroponics 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 Hydroponics 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Media Filled Growbeds (MFG)
9.6.2 Nutrient Film Technique (NFT)
9.6.3 Deep Water Culture (DWC)
9.6.4 Others
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 Market Size Forecast by Applications
9.10.1 Academic
9.10.2 Commercial
9.10.3 Family
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Media Filled Growbeds (MFG)
10.6.2 Nutrient Film Technique (NFT)
10.6.3 Deep Water Culture (DWC)
10.6.4 Others
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 Market Size Forecast by Applications
10.10.1 Academic
10.10.2 Commercial
10.10.3 Family
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Media Filled Growbeds (MFG)
11.6.2 Nutrient Film Technique (NFT)
11.6.3 Deep Water Culture (DWC)
11.6.4 Others
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 Market Size Forecast by Applications
11.10.1 Academic
11.10.2 Commercial
11.10.3 Family
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Media Filled Growbeds (MFG)
12.6.2 Nutrient Film Technique (NFT)
12.6.3 Deep Water Culture (DWC)
12.6.4 Others
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 Market Size Forecast by Applications
12.10.1 Academic
12.10.2 Commercial
12.10.3 Family
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Media Filled Growbeds (MFG)
13.6.2 Nutrient Film Technique (NFT)
13.6.3 Deep Water Culture (DWC)
13.6.4 Others
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) Market Size Forecast by Applications
13.10.1 Academic
13.10.2 Commercial
13.10.3 Family
13.10.4 Others
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 Hydroponics Market: Competitive Dashboard
14.2 Global Hydroponics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nelson and Pade
14.3.2 Aquaponic Source
14.3.3 Backyard Aquaponics
14.3.4 Aquaponics USA
14.3.5 PentairAES
14.3.6 Gothic Arch Greenhouses
14.3.7 Stuppy
14.3.8 ECF Farm Systems
14.3.9 Urban Farmers
14.3.10 PFAS
14.3.11 EcoGro
14.3.12 Aquaponic Lynx
14.3.13 Aquaponics Place
14.3.14 Endless Food Systems
14.3.15 Aonefarm
14.3.16 Japan Aquaponics
14.3.17 Evo Farm
14.3.18 Water Farmers
