Global Hydroponics Market Size Was Valued at USD 27.99 Billion In 2022 And Is Projected to Reach USD 42.64 Billion By 2030, Growing at A CAGR of 5.4% From 2023 To 2030.
Hydroponics is a technique of growing plants in a water-based and nutrient-rich solution. The plant root system is supported by using an inert medium such as rockwool, perlite, clay pellets, vermiculite or peat moss, rather than soil. Plant roots are directly in contact with the nutrient solution with access to oxygen which enhances proper growth of the plant. This method of growing plants is used widely by commercial growers as it is easy to set up, has a high return on investment and costs less than other techniques. Hydroponics recycles large amount of water with minimal wastage and thus makes it the most water-efficient farming method. Additionally, the hydroponically grown crops produce better
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The Major Players in The Hydroponics Market Include:
Aero Farm Systems (USA),Lettus Grow (United Kingdom),Hydrofarm(USA),CityCrop (Greece),Circulus Agtech (Canada),Rivasha Eco Design (India),Phytoponics (United Kingdom),Sky Greens (Singapore),Spread (Japan),Infarm (Berlin),AgriCool (France),Crop One (Dubai, UAE),Surna (Boulder, Colorado),Freight Farms (Boston),SweGreen (Sweden) and other major players.
Market has segmented the global Hydroponics Market on the basis of type, application, and region:
The Hydroponics Market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By System Type
- Aggregate systems
- Liquid systems
By Crop Type
- Vegetables
- Fruits
- Flowers
By Equipment
- HVAC
- LED grow lights
- Irrigation systems
- Material handling equipment
- Control systems
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By Regional Outlook
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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