The global hydroponics market reached a value of USD 7,068.4 million in 2023. The market is further assessed to grow at a CAGR of 20.1% during 2024-2032 to reach a value of USD 20,751.6 million by 2032.
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Historical Year
Forecast Year
Automated systems in hydroponics enhance efficiency, reduce costs, and increase crop yields.
The growing use of automated systems is a noteworthy trend in the hydroponics industry. These technologies, which include climate control and AI-driven nutrient delivery, improve hydroponic farming's accuracy and efficiency. Higher yields and resource conservation result from automation's ability to lower labour costs, limit human error, and guarantee ideal growing conditions, thereby shaping new trends in the hydroponics market. Automated systems are becoming indispensable as the need for efficient and sustainable farming methods increases, particularly in large-scale commercial hydroponic operations.
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January 2020
FAO and Jordan's Ministry of Agriculture launched a project introducing hydroponics and aquaponics systems to optimise water usage, offering technical support and capacity building for sustainable farming in Jordan.
November 2021
NASA's research on indoor farming has led to innovative techniques for growing crops without sunlight or soil, paving the way for controlled environment agriculture (CEA) to address global food challenges.
Inefficient systems, a lack of technical expertise, and hefty initial investment prices have historically plagued the hydroponics industry, affecting the global hydroponics demand. By enhancing system designs for scalability, cutting energy usage, and boosting technology's usability, key players were able to overcome these challenges. In order to maximise automation and nutrient delivery, businesses also made research and development investments. Additionally, governments offered incentives and improved hydroponics instruction in response to the growing need for sustainable farming, making the technique more widely available to small-scale and commercial growers.
Urban farming solutions, like vertical farms, present significant growth opportunities in hydroponics.
A significant hydroponics market opportunity is the growing need for solutions in urban agriculture. Hydroponic farming to grow fresh vegetables locally is the sustainable solution to the growing urbanisation and scarcity of arable land. Companies like Vertical Harvest are taking advantage of such an opportunity by building vertical farms in cities to offer fresh vegetables all-year-round by reducing their environmental effect and transportation cost. Urban hydroponics presents a high-growth business opportunity for stakeholders and entrepreneurs due to the desire of communities worldwide to enhance food security and sustainability.
Automated nutrient delivery systems using AI optimise growth, efficiency, and crop yields.
Automated nutrient delivery systems are one such technology that is becoming popular in the hydroponics industry, bolstering the hydroponics market dynamics and trends. In these systems, sensors and artificial intelligence are used to monitor and control the levels of nutrients in real time, thereby maximising plant growth. Business roles in hydroponic systems are now being integrated in automation towards more productivity and even work reduction in human components. This increased agricultural productivity and minimises waste through precise management of nutrients. It is envisioned that this will spur further business growth in hydroponics because precision farming is increasingly utilised.
Sustainable farming solutions, like Freight Farms' mobile systems, drive the hydroponics market.
One of the primary drivers of the hydroponics market is the growing need for environment-friendly agriculture due to water constraint. Companies like Freight Farms, providing mobile hydroponic systems, are now setting new standards for a practical and locally produced food in cities. Freight Farms provide an environment-friendly and scalable option that appeals to customers and commercial farmers alike while farming in cargo containers and saving water by not requiring arable land.
High setup costs, technical complexity, space limitations, and regulatory barriers restrain market growth.
High initial setup costs are one of the market's challenges for hydroponics, which can deter small-scale producers, posing some hydroponics market challenges. Adoption is further limited by lack of technical know-how and skill in running complex systems. The reliance on power for climatic controls and lighting increases the cost of operation. It is challenging because hydroponic systems for commercial-scale large production are versatile, and adequate space in metropolitan areas may be very limited. It can also be thwarted by regulatory barriers, depending on the specific area.
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“Hydroponics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
On the basis of product type, the market can be divided into the following:
On the basis of equipment, the market can be divided into the following:
On the basis of crop type, the market can be divided into the following:
Based on region, the market can be segregated into:
Aggregate systems offer simplicity, while liquid systems boost efficiency and faster growth.
Particularly for novice and small-scale farmers, the aggregate hydroponic system is becoming more and more popular because of its affordability and ease of use. It provides improved control over plant roots and ease of maintenance. As per hydroponic market analysis, the liquid hydroponic system, which is frequently employed in commercial and large-scale farming, is favoured due to its great efficiency and quicker plant growth. As the need for water-efficient, sustainable agricultural practices grows worldwide, particularly in urban and resource-constrained areas, both approaches are becoming more and more well-liked.
HVAC, LED lights, irrigation, control systems, and more optimise hydroponic farming efficiency.
In hydroponics, HVAC systems are essential for preserving ideal humidity and temperature conditions, which promote robust plant development. LED growing lights are commonly employed to supply the light spectrum required for photosynthesis, allowing for year-round growth, particularly in low-light conditions. A key component of water conservation, irrigation systems effectively control water use by supplying nutrients straight to plant roots. As per hydroponics industry analysis, to increase system efficiency, control systems automate and monitor environmental factors including temperature, humidity, and nutrient levels. Fans, CO2 injectors, and pH metres are other pieces of equipment that aid in system optimization.
Vegetables, fruits, flowers, and herbs thrive in hydroponics, meeting growing market demand.
The market for hydroponics is dominated by vegetables owing to the strong demand for wholesome, fresh products like tomatoes, lettuce, and spinach. Fruits, especially cucumbers and strawberries, are becoming more popular as hydroponic systems allow for effective, year-round production in regulated settings. As the need for reliable, superior flowers increases, hydroponic flower cultivation is being used more and more for decorative purposes. Because of their rapid growth cycles and high market value, other crops including herbs, microgreens, and medicinal plants are becoming more and more popular in urban farming, which is increasing the use of hydroponics worldwide.
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North America Hydroponics Market Opportunities
The North America hydroponics market is likely to increase as demand for locally grown and sustainable produce has been increasing in the region. Adoption of hydroponic systems has gained strength both in the United States and Canada, and vertical farming is taking a focus in the states of California and Ontario. As indicated by the United States Department of Agriculture, hydroponics has been recognized as the key approach toward improving food security. There is significant opportunity for hydroponic innovation across the region, with government incentives and support for sustainable agriculture as well as increasing consumer interest in organic foods at a rapidly growing rate.
Europe Hydroponics Market Dynamics
The need for sustainable, space-efficient farming practices is increasingly driving the hydroponics industry in Europe. Regional governments encourage hydroponics among others as sustainable farming practices to attain sustainable, healthy, and environmentally friendly food systems by 2030. An example of such is the European Union's Farm to Fork Strategy. The United Kingdom and the Netherlands are at the forefront of using hydroponics since countries develop their agritech innovation expenditures. The focus of the European Commission on minimising environmental impacts and increasing local food production promotes further market expansion.
Asia Pacific Hydroponics Market Trends
The growth rate in the Asia Pacific hydroponics market is exponential, due to rapid urbanisation, unavailability of arable land, and increasing demand for fresher produce. The Asian nations are embracing hydroponic farming to ensure food security despite environmental degradation. Technologies for automated systems, energy-efficient lighting, and nutrient management propel this market forward. Growing consumer preference for organic and local produce along with incentives from the government for agritech solutions helps accelerate the adoption of hydroponics in the region further.
Latin America Hydroponics Market Insights
The Latin America market for hydroponics is growing due to a growing demand for more sustainable farming solutions, mainly in countries like Mexico, Brazil, and Argentina. Due to the limited arable land and water, hydroponics has proven to be an efficient alternative for food production. Companies like Agroponics Brazil are leading companies in this area by offering hydroponic systems to the local farmers, with a focus mainly on fresh vegetables and herbs. Government initiatives and the rising demand for acquiring organic products do provide support to the rapid expansion of the market in the region.
Middle East and Africa Hydroponics Market Drivers
The driving forces for the hydroponics market in the Middle East and Africa region mainly include water scarcity, urbanisation, and sustainable agriculture. Hydroponics in the region can be an alternative for water-use-intensive traditional farming. According to the UAE Food Security Strategy, local food production should be increased by 30% by 2030 in the country. Moreover, rapid urbanisation and a growing demand for fresh, locally produced produce serve as fuels for hydroponic systems' adoption. Increasing government backing for agritech innovation further fuels market growth.
The hydroponics market players are concentrating on developing sustainable agricultural practices to address resource efficiency and global food security. Their goals are to increase crop yields, use less water, and get rid of reliance on soil. To improve plant development in regulated surroundings, hydroponics companies are creating smart technologies like LED lighting, automatic irrigation, and integrated systems. Furthermore, increasing accessibility for commercial and small-scale farmers globally is a top priority.
Key industry leaders in this market are:
Argus Control Systems Limited was established in 1988 in Canada, offering outstanding automation solutions to enhance crop yields in hydroponic farming through climate, irrigation, and nutrient supply.
Heliospectra AB was founded in 2008 in Gothenburg, Sweden. The company specialises in the development of LED-based lighting systems for hydroponics. This allows them to optimise plant growth by targeted light spectra on the crop, thus increasing yields and saving energy.
RISING FARMS is a 2016 US-based company that focuses on creating vertically scalable farming systems that make the most with little water and space, ideal for urban environments.
Freight Farms, Inc., founded in 2014 Boston, the company deals with mobile hydroponic farming solutions in shipping containers, providing a year-round, resource-conserving approach to urban farming.
Other key players in the global Hydroponics market are Minda Industries Limited, among others.
April 2024
Vertefarm launched an innovative hydroponic micro plant factory, combining aesthetic design with smart functionality. Featuring advanced irrigation, UV light, and a smart control system, it promotes rapid plant growth for USD 799.
June 2023
Israeli AgTech startup Growee secured undisclosed funding from impact investors and government agencies. Known for its hydroponic technology for small-scale growers, the company plans North American expansion after selling globally in over 20 countries.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global hydroponics market attained a value of nearly USD 7,068.4 million.
The market is projected to grow at a CAGR of 20.1% between 2024 and 2032.
The major drivers of the market include the growing awareness among consumers regarding the essential benefits of hydroponic farming, rising disposable incomes, improved living standards, rapid urbanisation, increased government investments to support the development of the agriculture sector and promote sustainable farming practices, and increasing use of inert soil media.
The steadily increasing population and increased demand for food and agricultural produce are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product types include aggregate hydroponic system and liquid hydroponic system.
The different equipment considered in the market report include heating, ventilation and air conditioning (HVAC), LED growing lights, irrigation systems, and control systems, among others.
The major crop types can be segmented into vegetables, fruits, and flowers, among others.
The major players in the market are Argus Control Systems Limited, Heliospectra AB, RISING FARMS, Freight Farms, Inc., Lettuce Grow LLC, Triton Foodworks Pvt. Ltd., AeroFarms, LLC, among others.
The market is anticipated to develop steadily between 2024 and 2032, reaching USD 20,751.6 million by 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Equipment |
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| Breakup by Crop Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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