AGRICULTURE
Global Hydroponics Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Hydroponics Market, By Type (Aggregate Systems and Liquid Systems), Equipment (HVAC, LED Grow Lights, Control Systems, Irrigation Systems, Material Handling, and Others), Crop Type (Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, Herbs, Fruits, Flowers, and Others), Input (Nutrients, Grow Media, and Others), Crop Area (Upto 1000 sq.ft., 1000-50000 sq.ft., and Above 50000 sq.ft.), Farming Method (Indoor and Outdoor), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global hydroponics market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Hydroponics is a method of growing plants without soil that use a mineral fertilizer solution in an aqueous solvent. Instead of soil, plants are supported by an inert media such as perlite, gravel, or mineral wool, which offers physical support to the roots. The fertilizer solution is precisely balanced to include all of the important ingredients needed for plant growth and is administered directly to the roots. Hydroponic systems can range in complexity and scale from modest setups for home gardening to large-scale commercial enterprises. This type of cultivation is valued for its ability to conserve water, increase space efficiency, and improve plant nutrient uptake.
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Market Dynamics
DRIVERS
- Growing population and food demand
- Increased awareness and education
RESTRAINTS
- High initial investment costs
- Environmental impact of infrastructure
OPPORTUNITIES
- Technological advancements
- Consumer demand for fresh and local produce
CHALLENGES
- Regulatory challenges
- Limited crop variety
SEGMENTATION
- Type
- Aggregate Systems
- EBB & Flow Systems
- Drip Systems
- Wick Systems
- Liquid Systems
- Deep Water Culture
- Nutrient Film Technique (NFT)
- Aeroponics
- Equipment
- HVAC
- LED Grow Lights
- Control Systems
- Irrigation Systems
- Material Handling
- Others
- Crop Type
- Tomato
- Lettuce and Leafy Vegetables
- Pepper
- Cucumber
- Microgreens
- Herbs
- Fruits
- Flowers
- Others
- Input
- Nutrients
- Grow Media
- Others
- Crop Area
- Upto 1000 sq.ft.
- 1000-50000 sq.ft.
- Above 50000 sq.ft.
- Farming Method
- Indoor
- Outdoor
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- AeroFarms
- AmHydro
- Argus Control Systems Limited
- Emirates Hydroponics Farms
- Freight Farms, Inc.
- BrightFarms.
- Heliospectra
- Signify Holding
- Nutrifresh India
- UrbanKisaan
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Hydroponics Market, by Type
- 3.2 Global Hydroponics Market, by Equipment
- 3.3 Global Hydroponics Market, by Crop Type
- 3.4 Global Hydroponics Market, by Input
- 3.5 Global Hydroponics Market, by Crop Area
- 3.6 Global Hydroponics Market, by Farming Method
- 3.7 Global Hydroponics Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Urbanization and limited arable land
- 5.1.2 Controlled Environment Agriculture (CEA)
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Growing population and food demand
- 5.2.2 Increased awareness and education
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial investment costs
- 5.3.2 Environmental impact of infrastructure
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Technological advancements
- 5.4.2 Consumer demand for fresh and local produce
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Regulatory challenges
- 5.5.2 Limited crop variety
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HYDROPONICS MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Hydroponics Market, by Type (2019-2032)
- SECTION 7 - GLOBAL HYDROPONICS MARKET, BY EQUIPMENT
- 7.1 Equipment Summary
- 7.2 Market Attractive Index
- 7.3 Global Hydroponics Market, by Equipment (2019-2032)
- SECTION 8 - GLOBAL HYDROPONICS MARKET, BY CROP TYPE
- 8.1 Crop Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Hydroponics Market, by Crop Type (2019-2032)
- SECTION 9 - GLOBAL HYDROPONICS MARKET, BY INPUT
- 9.1 Input Summary
- 9.2 Market Attractive Index
- 9.3 Global Hydroponics Market, by Input (2019-2032)
- SECTION 10 - GLOBAL HYDROPONICS MARKET, BY CROP AREA
- 10.1 Crop Area Summary
- 10.2 Market Attractive Index
- 10.3 Global Hydroponics Market, by Crop Area (2019-2032)
- SECTION 11 - GLOBAL HYDROPONICS MARKET, BY FARMING METHOD
- 11.1 Farming Method Summary
- 11.2 Market Attractive Index
- 11.3 Global Hydroponics Market, by Farming Method (2019-2032)
- SECTION 12 - GLOBAL HYDROPONICS MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Hydroponics Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA HYDROPONICS MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Hydroponics Market, by Type (2019-2032)
- 13.4 North America Hydroponics Market, by Equipment (2019-2032)
- 13.5 North America Hydroponics Market, by Crop Type (2019-2032)
- 13.6 North America Hydroponics Market, by Input (2019-2032)
- 13.7 North America Hydroponics Market, by Crop Area (2019-2032)
- 13.8 North America Hydroponics Market, by Farming Method (2019-2032)
- 13.9 North America Hydroponics Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE HYDROPONICS MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Hydroponics Market, by Type (2019-2032)
- 14.4 Europe Hydroponics Market, by Equipment (2019-2032)
- 14.5 Europe Hydroponics Market, by Crop Type (2019-2032)
- 14.6 Europe Hydroponics Market, by Input (2019-2032)
- 14.7 Europe Hydroponics Market, by Crop Area (2019-2032)
- 14.8 Europe Hydroponics Market, by Farming Method (2019-2032)
- 14.9 Europe Hydroponics Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC HYDROPONICS MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Hydroponics Market, by Type (2019-2032)
- 15.4 Asia-Pacific Hydroponics Market, by Equipment (2019-2032)
- 15.5 Asia-Pacific Hydroponics Market, by Crop Type (2019-2032)
- 15.6 Asia-Pacific Hydroponics Market, by Input (2019-2032)
- 15.7 Asia-Pacific Hydroponics Market, by Crop Area (2019-2032)
- 15.8 Asia-Pacific Hydroponics Market, by Farming Method (2019-2032)
- 15.9 Asia-Pacific Hydroponics Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA HYDROPONICS MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Hydroponics Market, by Type (2019-2032)
- 16.4 South America Hydroponics Market, by Equipment (2019-2032)
- 16.5 South America Hydroponics Market, by Crop Type (2019-2032)
- 16.6 South America Hydroponics Market, by Input (2019-2032)
- 16.7 South America Hydroponics Market, by Crop Area (2019-2032)
- 16.8 South America Hydroponics Market, by Farming Method (2019-2032)
- 16.9 South America Hydroponics Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA HYDROPONICS MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Hydroponics Market, by Type (2019-2032)
- 17.4 Middle East and Africa Hydroponics Market, by Equipment (2019-2032)
- 17.5 Middle East and Africa Hydroponics Market, by Crop Type (2019-2032)
- 17.6 Middle East and Africa Hydroponics Market, by Input (2019-2032)
- 17.7 Middle East and Africa Hydroponics Market, by Crop Area (2019-2032)
- 17.8 Middle East and Africa Hydroponics Market, by Farming Method (2019-2032)
- 17.9 Middle East and Africa Hydroponics Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Hydroponics Market, Company Share Analysis
- 18.2 North America Hydroponics Market, Company Share Analysis
- 18.3 Europe Hydroponics Market, Company Share Analysis
- 18.4 Asia-Pacific Hydroponics Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 AeroFarms
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 AmHydro
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Argus Control Systems Limited
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Emirates Hydroponics Farms
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Freight Farms, Inc.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 BrightFarms.
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Heliospectra
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Signify Holding
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Nutrifresh India
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 UrbanKisaan
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.