Hydroponics

Hydroponics Market by Crop Type (Flowers, Fruits, Herbs), System Type (Aeroponics, Deep Water Culture, Ebb And Flow), Equipment Component, Application, Nutrient Categories, Type Of End-User - Global Forecast 2025-2030

SKU
MRR-43127F72797A
Region
Global
Publication Date
December 2024
Delivery
Immediate
2023
USD 1.18 billion
2024
USD 1.30 billion
2030
USD 2.33 billion
CAGR
10.09%
360iResearch Analyst Ketan Rohom
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The Hydroponics Market size was estimated at USD 1.18 billion in 2023 and expected to reach USD 1.30 billion in 2024, at a CAGR 10.09% to reach USD 2.33 billion by 2030.

Hydroponics Market
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The hydroponics industry is a method of growing plants without soil, utilizing nutrient-rich water solutions. The scope of hydroponics spans commercial agriculture, small-scale urban farming, and eco-friendly initiatives. Its necessity is underscored by the increasing demands for sustainable agriculture in urban settings, precision farming, and solutions to overcome soil degradation. Applications are diverse, encompassing vertical farming, controlled environment agriculture (CEA), and year-round production of high-yield crops like leafy greens, herbs, and tomatoes. The end-use scope covers commercial growers, home gardeners, and educational establishments. Influencing growth factors include rising global food security concerns, technological advancements in automated systems, and consumer demand for locally grown food. Urbanization trends and initiatives to reduce agricultural footprint are also catalyzing growth. Potential opportunities lie in integrating IoT and AI for smarter farming solutions, expanding the variety of crops grown hydroponically, and targeting emerging markets in Asia-Pacific and Africa, which offer untapped potential due to favorable climatic conditions and increasing urban population. However, the market faces challenges such as high initial setup costs, energy dependence for artificial lighting, and a need for skilled labor to manage systems. Innovation can thrive in developing energy-efficient lighting solutions, low-cost system setups, and enhancing nutrient solutions for diverse crop adaptability. Businesses can also explore novel plant varieties and employ blockchain technology for transparency in the supply chain. The nature of the market is dynamic, characterized by rapid technological shifts and growing participation from startups and established agricultural companies. This industry requires continuous research and adaptation, particularly in technology and market strategies, to address environmental concerns, optimize resource utilization, and enhance productivity, making it a promising field for future agricultural sustainability and food security solutions.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Hydroponics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Venture capital investments pouring into ag-tech startups specializing in hydroponic solutions
    • Government incentives and support for urban agriculture and hydroponics innovations
    • Water conservation benefits of hydroponics appealing to areas facing severe water scarcity issues
  • Market Restraints
    • A comprehensive review of the barriers to entry that affect the global hydroponics industry
    • The top inhibitors influencing the hydroponics market's progression towards more sustainable agriculture
    • Identifying critical factors restricting innovation and scalability in the hydroponics marketplace
  • Market Opportunities
    • Leveraging advancements in automation for efficient large-scale hydroponic crop production facilities
    • Investing in compact and home-friendly hydroponic setups catering to urban dwellers and hobbyists
    • Exploring untapped potential for hydroponic irrigation systems in small-scale urban farming projects
  • Market Challenges
    • Addressing the steep learning curve for new users in hydroponics impacting widespread adoption
    • Overcoming consumer skepticism and educational gaps hindering the perception of hydroponics
    • Handling the technological obsolescence risk as hydroponic innovation continues to accelerate

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Hydroponics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Hydroponics Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Hydroponics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Hydroponics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Israeli Hydroponics Start-Up Expands Into the U.S.

    Growee, an Israeli AgTech startup, established a new distribution center in Florida to expand its product offerings in the U.S.The company planned to provide a comprehensive hardware and software platform for small-scale hydroponics growers, including urban farmers, educational and research facilities, container farms, and home growers. [Published On: June 05, 2023]

  • AYR Wellness Inc. Closes Acquisition of Tahoe Hydroponics

    AYR Wellness Inc. has completed the acquisition of Tahoe Hydroponics Company, LLC. With this acquisition, the company planned to enhance its business offerings in Nevada. The acquisition of Tahoe Hydro signifies AYR's dedication to building a strong foundation and expertise in the hydroponics industry. [Published On: April 10, 2023]

  • Ingersoll Rand Inc. Expands Hydroponic Portfolio With Dosatron Acquisition

    Ingersoll Rand Inc. acquired Dosatron International L.L.C. and Dilution Solutions L.L.C. to enhance unique offerings and expand its product portfolio. This strategic acquisition aims to expand Ingersoll Rand's presence in hydroponics, animal health, food safety, sanitation, horticulture, and water treatment markets. [Published On: October 03, 2022]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Hydroponics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Hydroponics Market, highlighting leading vendors and their innovative profiles. These include 3Dponics Inc., Akarshak Hydroponics, AmHydro, Argus Control Systems Limited, Blue Mitten Farms, Bowery Farming Inc., BrightFarms, Inc., Brio Agri Producer Company Limited, CityCrop, Cropking Incorporated, CubicFarm Systems Corp., Emerald Harvest Ltd., Evogro Ltd., Farmshelf, Foshan GrowSpec BioTech Co., Ltd., Freight Farms, Inc., General Hydroponics, Gotham Greens Holdings, LLC, GroFlo Hydroponics, Grow Up Group Limited, GrowPura, Guangzhou Vanten Technology Co., Ltd., Hangzhou China Agrotime Agri-Tech Co., Ltd., Heliospectra AB, Hydra Unlimited, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Hydroponic System International, Infarm – Indoor Urban Farming B.V., Natufia Saudi Arabia LLC, New Growing System S.L., Nutrifresh Farm Tech India Private Limited, ScottsMiracle-Gro, Shandong Huijing Greenhouse, The Scotts Company LLC, Tianjin Yuanxintai Industry Co., Ltd., Triton Foodworks, Village Farms International Inc., Weifang Jianda Glassware Material Co., Ltd., and Xiamen Wellgain Greenhouse Engineering Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Hydroponics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Crop Type
    • Flowers
      • Lilies
      • Orchids
      • Roses
    • Fruits
      • Berries
      • Melons
      • Strawberries
    • Herbs
      • Basil
      • Cilantro
      • Mint
    • Vegetables
      • Leafy Greens
      • Peppers
      • Tomatoes
  • System Type
    • Aeroponics
      • High Pressure
      • Low Pressure
    • Deep Water Culture
      • Floating Raft
      • Reservoir Based
    • Ebb And Flow
      • Flood And Drain
      • Sub-Irrigation
    • Nutrient Film Technique
      • Single Channel
      • Stacked Channels
    • Wick System
      • Capillary Action
      • String Wick
  • Equipment Component
    • Grow Lights
      • Fluorescent
      • HID
      • LED
    • Grow Media
      • Coco Coir
      • Perlite
      • Rock Wool
    • Pumps
      • Inline
      • Submersible
    • Reservoirs
      • Glass
      • Plastic
      • Stainless Steel
    • Timers
      • Analog Timers
      • Digital Timers
  • Application
    • Commercial Farming
      • Urban Farms
      • Vertical Farms
    • Home Gardens
      • Balcony Gardens
      • Indoor Gardens
    • Research And Educational
      • Educational Programs
      • Plant Research
  • Nutrient Categories
    • Macro-Nutrients
      • Nitrogen
      • Phosphorus
      • Potassium
    • Micro-Nutrients
      • Copper
      • Iron
      • Zinc
    • Organic Nutrients
      • Blood Meal
      • Bone Meal
      • Compost Tea
  • Type Of End-User
    • Individual Hobbyists
      • Advanced
      • Beginner
      • Intermediate
    • Professional Growers
      • Certified Growers
      • Commercial Suppliers
    • Research Institutions
      • Private Research Companies
      • University Labs
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Hydroponics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Hydroponics Market, by Crop Type
  7. Hydroponics Market, by System Type
  8. Hydroponics Market, by Equipment Component
  9. Hydroponics Market, by Application
  10. Hydroponics Market, by Nutrient Categories
  11. Hydroponics Market, by Type Of End-User
  12. Americas Hydroponics Market
  13. Asia-Pacific Hydroponics Market
  14. Europe, Middle East & Africa Hydroponics Market
  15. Competitive Landscape
Frequently Asked Questions
  1. How big is the Hydroponics Market?
    Ans. The Global Hydroponics Market size was estimated at USD 1.18 billion in 2023 and expected to reach USD 1.30 billion in 2024.
  2. What is the Hydroponics Market growth?
    Ans. The Global Hydroponics Market to grow USD 2.33 billion by 2030, at a CAGR of 10.09%
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