Hydroponics Market by Type | Size | Industry Report 2019 - 2025

The Hydroponics Market is Expected to Register a CAGR of XX% During the Forecast Period, Due to Rising Demand for Food
Analyst Speak:

“The Hydroponics Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025”owing to a rising population, to meet the increasing demand for food products.

Precision Business Insights (PBI) in its report titled “Hydroponics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The hydroponics market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. The major advantage of hydroponics is the higher yield in comparison to traditional agricultural techniques. Rise in the consumption of exotic, salad crops and the need for global food security is expected to fuel the market. In addition, with the employment of vertical farming technology, there is an increase in the lettuce yield per year, which in turn is expected to fuel the market growth. However, lack of scientific knowledge regarding the soil-less agriculture system and high setup cost is predicted to restrain the market growth to some extent.

Hydroponics market segmented on the basis of equipment type, system type, crop type, and region

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Tomatoes Expected to Dominate the Market

Based on crop type, the global hydroponics market is segmented into tomato, cucurbits, lettuce & leafy vegetables, peppers, and other food crops. Tomato is witnessed to account for major revenue share over the forecast period. As the consumers are becoming increasingly aware of the superiority of quality in greenhouse-grown vegetables, the demand for hydroponics culture is rising in Europe and Asia-Pacific. Hydroponics crop production is expected to be more in tomatoes, lettuce and other leafy vegetables.

Aggregate Hydroponic Systems Will Dominate the Revenue Share

Based on type, the global hydroponics market is segmented into the aggregate hydroponic system, liquid hydroponic system, and others. While aggregate hydroponics systems lead the market with a larger share, the demand for the liquid system is set to rise faster, given the continuous technological innovations. The market is expected to witness faster growth in case of liquid hydroponics system, which is expected to register a CAGR of XX%.

Europe, Accounts for Major Revenue Share for Hydroponics Market

Precision Business Insights (PBI) hydroponic market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Europe is traditionally the largest market that is implementing advanced hydroponics techniques in smart greenhouse horticulture. The matured European market demand is led by countries, such as the Netherlands, Spain, and France. The Netherlands is the largest producer of hydroponic crops and is expected to maintain the lead for the next 10 years. All the major vegetable and fruit crops are grown using hydroponics in European countries. North America hydroponics market expected to grow at a significant CAGR due to rise in adoption of hydroponics system in this region. Asia Pacific witnessed a notable growth due to growing infrastructure and adaptation of commercial cropping in that region.

Strategic Acquisitions Play Vital Role in Hydroponics Market

Majority of market players are adopting various market strategy to withhold their status and global recognition amongst the consumers. For instance, in October 2016, Scotts Miracle-Gro’s subsidiary Hawthrone Hydroponics acquired Botanicare LLC this acquisition will expand the hydroponic business of Hawthrone garden.
Key player’s profiles in the report are AMCO Produce Inc., American Hydroponics, Inc., Argus Control Systems Ltd., BetterGrow Hydro, Eurofresh Farms, General Hydroponics, Inc., Greentech Agro, Llc, Heliospectra AB, Hydrodynamics International, Inc., Hydrofarm, Inc., HydroWholesale Inc, Koninklijke Philips NV, Logiqs B.V., Lumigrow, Inc. etc.

Detailed Segmentation

By Equipment Type

o LED Grow Light
o HVAC (Heating, ventilation, and air conditioning)
o Irrigation Systems
o Communication Technology
o Control Systems
o Material Handling
o Others

By System Type

o Liquid Hydroponic Systems
 Nutrient Film Technique
 Aeroponics
 Floating Hydroponics
o Aggregate Hydroponics Systems
 Open Systems
 Closed Systems

By Crop Type

o Tomato
o Cucumber
o Lettuce & Leafy
o Pepper
o Strawberry
o Others

By Input Type

o Growth Medium
 Growrock
 Rockwool
 Coco Fiber
 Perlite & Vermiculite
 Others
o Nutrients
 Micronutrients
 Macronutrients

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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This release was published on openPR.