Hydroponics Market Projected to Reach USD 27.71 Billion by 2030

The global hydroponics market, valued at USD 13.10 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 11.3%, reaching approximately USD 27.71 billion by 2030.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/27072/

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's agricultural sector is experiencing a shift towards modern farming practices to enhance productivity and address challenges such as limited arable land and climate change. The government's focus on sustainable agriculture is creating opportunities for the adoption of hydroponic systems, which offer efficient land use and higher crop yields.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's emphasis on improving agricultural efficiency and water management is driving the adoption of hydroponic systems. The expansion of high-value crops and government support for modern irrigation methods are contributing to market growth.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's focus on technological innovation and precision agriculture is influencing the adoption of advanced hydroponic systems. The need for efficient land use in urban areas and the cultivation of high-quality produce are driving market trends.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's agricultural sector is witnessing consolidation through mergers and acquisitions, enhancing the competitive landscape of the hydroponics market. The focus on smart farming solutions and urban agriculture is further propelling market growth.

𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/27072/

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's commitment to urban farming and sustainable agriculture is leading to the adoption of updated hydroponic technologies. The emphasis on efficient land use and food security in limited land areas is driving market expansion.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The U.S. is experiencing increased investments in sustainable farming practices, creating opportunities for hydroponic system adoption. The focus on year-round crop production and reducing environmental impact are supporting market growth.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's stringent environmental regulations and commitment to sustainable agriculture are driving the demand for efficient hydroponic systems. The region's focus on reducing water consumption and pesticide use in agriculture is contributing to market growth.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In August 2022, 𝐓𝐞𝐫𝐫𝐚 𝐓𝐞𝐜𝐡 𝐂𝐨𝐫𝐩 began construction on a new facility in Santa Ana, California, designed to boost the company's sales by attracting a significant number of people.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.maximizemarketresearch.com/request-sample/27072/

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐓𝐲𝐩𝐞

Aggregate Hydroponic System
Closed Systems
Open Systems
Liquid Hydroponic Systems

The hydroponics market is divided into two types: aggregate hydroponic systems and liquid hydroponic systems. The aggregate hydroponic systems category is likely to have the highest share of the global hydroponics market during the forecast period, as it includes the most generally used hydroponic systems such as the ebb and flow system, the water culture system, drip systems, and the wick system. The liquid hydroponic systems sector is also predicted to propel the global hydroponics market in the near future. HVAC is expected to have the greatest share of the global hydroponics market throughout the forecast period due to its ability to provide a controlled environment for hydroponic cultivation. In terms of input types, the nutrients segment is estimated.

𝐛𝐲 𝐂𝐫𝐨𝐩 𝐓𝐲𝐩𝐞

Vegetables
Fruits
Herbs
Others

𝐛𝐲 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭

HVAC
LED Grow Light
Irrigation Systems
Material Handling
Control Systems
Others

HVAC, LED Grow Light, Irrigation Systems, Material Handling, Control Systems, and Others are the equipment and raw material segments of the hydroponics market. During the forecast period, the HVAC system holds the largest market share. HVAC, or heating, ventilation, and air conditioning, is critical to the growth of indoor growers since it is responsible for cooling, dehumidification, and maintaining the proper temperature within the facility. Hydroponic and aeroponic farms require HVAC systems that are dependable and well-controlled.

𝐛𝐲 𝐈𝐧𝐩𝐮𝐭 𝐓𝐲𝐩𝐞

Nutrients
Growth Medium

𝐒𝐞𝐞𝐤𝐢𝐧𝐠 𝐚 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡 𝐦𝐚𝐫𝐤𝐞𝐭 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠? 𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-hydroponics-market/27072/

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Hydrofarm Inc
2. Lumigrow Inc.
3.Village farms
4. Argus Control Systems Ltd.
5. General Hydroponics Inc.
6. Hydrodynamics International Inc
7. Greentech Agro Inc.
8. Heliospectra AB
9. Logiqs B.V
10.Koninklijke Philips NV.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐖𝐡𝐚𝐭'𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠:

Driveline Market https://www.maximizemarketresearch.com/market-report/global-driveline-market/1530/

Global Acute Sinusitis Market https://www.maximizemarketresearch.com/market-report/global-acute-sinusitis-market/34868/

Global Food Allergen Testing Market https://www.maximizemarketresearch.com/market-report/global-food-allergen-testing-market/113132/

Ferrosilicon Market https://www.maximizemarketresearch.com/market-report/ferrosilicon-market-market/223310/

Global Translucent Concrete Market https://www.maximizemarketresearch.com/market-report/global-translucent-concrete-market/107006/

global cerebral palsy market https://www.maximizemarketresearch.com/market-report/global-cerebral-palsy-market/68165/

Sleep Apnea Implants Market https://www.maximizemarketresearch.com/market-report/sleep-apnea-implants-market/188223/

Global X-Band Radar Market https://www.maximizemarketresearch.com/market-report/global-x-band-radar-market/85255/

Video Surveillance Market https://www.maximizemarketresearch.com/market-report/global-video-surveillance-market/14984/

Global Food Storage Container Market https://www.maximizemarketresearch.com/market-report/global-food-storage-container-market/66634/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.