Hydroponics Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Hydroponics Market Size By 2025?
The scale of the hydroponics market has experienced swift expansion in the past few years. Its growth trajectory indicates a rise from $15.57 billion in 2024, reaching $17.3 billion by 2025, with a noteworthy compound annual growth rate (CAGR) of 11.1%. The surge experienced during the historical period is credited to factors such as resource efficiency, conservation of water, scarcity of land, the rise of urban agriculture, less reliance on soil health, and the ability to produce all year round.

How Big Is the Hydroponics Market Size Expected to Grow by 2029?
The market size for hydroponics is predicted to see a rapid increase in the coming years, with its value expected to reach $28.95 billion in 2029, with a compound annual growth rate (CAGR) of 13.7%. This growth expected within the forecast period can be credited to the incorporation of sustainable practices, consumer demand for fresh produce, issues of food security, governmental support and incentives, as well as educational and research initiatives. Within the forecast period, key trends include the utilization of smart farming technologies, the introduction of vertical farming systems, the use of nutrient film technique systems, the application of sustainable and organic hydroponic practices, and the adoption of aeroponics technology.

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Which Key Market Drivers Powering Hydroponics Market Expansion and Growth?
The growth of the hydroponics market is anticipated to be propelled by the rise in health consciousness. This term pertains to a person's cognizance and active measures towards preserving and enhancing their health and welfare, encompassing various attitudes, actions, and notions pertaining to physical health, nutrition, and lifestyle decisions. The surge in health consciousness is attributed to elements like the escalating incidence of ailments related to lifestyle, such as obesity, diabetes, and heart diseases, which have boosted cognizance about the significance of a wholesome lifestyle. Vegetations grown hydroponically are the perfect selection for health-conscious consumers as they're cultivated in regulated climates which permit accurate nutrient administration and minimal pesticide use, resulting in fresh, uncontaminated, and nutrient-dense produce. For example, a survey study conducted by the International Food Information Council, a non-profit entity based in the US, involving 1,005 American adults aged 18-80 and Gen Z adults aged 18-24 in May 2022, revealed about 52% of respondents adhered to a specific dietary or eating regimen, an increase from 39% in 2021. Furthermore, the most preferred choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Hence, the rise in health consciousness is propelling the hydroponics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hydroponics Market?
Leading organizations in the hydroponics market are evolving through the establishment of sophisticated manufacturing facilities, equipped with cutting-edge technologies like Smart Control Apps. These applications facilitate real-time tracking and exact manipulation of elements like nutrient concentration, illumination, temperature, and humidity, enhancing plant development and resource management. Smart Control Apps are technological innovations that empower growers to remotely supervise and modify hydroponic system's environmental parameters. For example, Vertefarm, a hydroponics company based in the US, unveiled its hydroponic micro plant factory in April 2024. This factory, explicitly designed for domestic gardens, marries advanced hydroponics with a smart control app. The integrated app allows remote tracking and management of plant growth conditions. It enables users to alter parameters such as light, water, and nutrients via their smartphones, guaranteeing optimum growth conditions without the requirement of constant oversight. The micro plant factory has an appealing and compact design, making it ideal for different living areas, including flats and small houses.

What Are the Emerging Segments in the Hydroponics Market?
The hydroponics market covered in this report is segmented -

1) By Type: Aggregate Systems, Liquid Systems
2) By Farming: Indoor Farming, Outdoor Farming
3) By Crop Type: Vegetables, Fruits, Flowers

Subsegments:
1) By Aggregate Systems: Ebb And Flow Systems (Flood and Drain), Drip Systems, Wick Systems, Aeroponics Systems (Using Aggregate Medium)
2) By Liquid Systems: Nutrient Film Technique (NFT), Deep Water Culture (DWC), Aeroponics Systems (Mist-Based), Continuous Flow Systems

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Who Are the Global Leaders in the Hydroponics Market?
Major companies operating in the hydroponics market include The Scotts Miracle-Gro Company, Hydrofarm Holdings Group Inc., Village Farms International Inc., Freight Farms Inc., AeroFarms LLC, Crop One Holdings Inc., Bright Farms Inc., BioHarvest Sciences Inc., Urban Crop Solutions, Agrilution Systems GmbH, 3Dponics Inc., American Hydroponics, Illumitex Inc., Back to the Roots, CityCrop Inc., Fresh Box Farms, Green Spirit Horticulture, IBIÒ Inc., Indoor Harvest Corporation, Modular Farms Inc., Thanet Earth Limited, Evergreen Farm Oy, Green Sense Farms LLC, GreenTech Agro LLC, Heliospectra AB, LettUs Grow Ltd., Aessense Corporation, Agrivolution LLC, CropKing Inc, Valoya Inc.

Which are the Top Profitable Regional Markets for the Hydroponics Industry?
Western Europe was the largest region in the hydroponics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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