Global Hydroponics Market

The GMI Research expects that the Hydroponics Market will notice an augmentation in demand over the forecast period. This is mainly because of the constant escalation in demand for exotic vegetables, greater yield over traditional agricultural practices, and the growing need for external nutrients to crops.

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Introduction of the Hydroponics Market

Hydroponic farming is a technique of horticulture used to cultivate plants with the help of mineral nutrient solutions in a liquid without the participation of soil. The nutrients implemented in these systems come from several distinct sources, such as fish excrement, artificial nutrient solutions, duck manure, and purchased chemical fertilizers.  

Key Players of Market:

• LumiGrow
• Emirates Hydroponics Farms
• AeroFarms
• Terra Tech Corp.
• Triton Foodworks
• FREIGHT FARMS, INC.
• Signify Holding
• The Scotts Company LLC
• Heliospectra AB
• Argus Control Systems Limited

Hydroponics Market Dynamics

The factors contributing to the growth of the global hydroponics market include the ongoing technological modernizations, augmenting of public and private allowance to offer technological development as well as soaring population rate resulting in accelerating food demand. In addition, the rising acquisition of restrained environment agriculture and the elevating complications in growing crops on soil has strengthened the market growth. Besides this, enormous companies are increasingly involved in research and development activities to decrease the cost of technology, which thereby stimulates the market share.

Furthermore, the enlargement of the commercial hydroponics sector and the rising demand for remarkable vegetables and salad are propelling the market demand. It is largely encouraged by governments and non-governmental organizations across the countries because of the benefits of hydroponic farming in terms of food safety. Thus, all these together are paving the way for market growth.

Type Segment Drivers

Based on the type, the liquid hydroponic systems are predicted to expand at a faster rate over the coming years. These systems are highly economical and efficient over the conventional models as all liquid hydroponic systems handle in a closed mode and minimize the cost of nutrient solution. Also, they have higher productivity as compared to overall systems.

Equipment Segment Drivers

Based on the equipment, the HVAC segment is contemplated to increase at a faster rate over the coming years. This is because the system is responsible for sustaining the perfect temperature inside the dehumidification, facility, and cooling. Further, these systems are popular for the functioning of aeroponic and hydroponic farms because they are excellently controlled and highly dependable. It is also cheaper compared to other tools and utilities, further driving the market growth.

Hydroponics Market Segmentation:

Segmentation by Type

• Aggregate Systems
• The EBB & Flow System
• Drip System
• Wick System
• Liquid Hydroponic Systems
• Deep Water Culture
• Nutrient-Film Technique (NFT)
• Aeroponics

Segmentation by Equipment

• HVAC
• LED Grow Light
• Irrigation Systems
• Material Handling
• Control Systems
• Others

Segmentation by Input Type

• Nutrients
• NPK
• Trace Minerals
• Others
• Grow Media
• Rockwool
• Perlite & Vermiculite
• Coco Fiber
• Others

Segmentation by Crop Type

• Vegetables
• Tomato
• Leafy Greens
• Cucumber
• Peppers
• Others
• Fruits
• Flowers
• Others

Segmentation by Region:

• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• RoW
  • UAE
  • Brazil
  • South Africa
  • Saudi Arabia

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GMI a leading consulting company spotlighted as one of the promising market in the Silicon India Magazine offers enterprises with business acumen and market research reports. The team cumulates all the material information about enormous industries applying internal and external databases. The concentration of the organization is to apprehend our clients with the impending challenges across different industries. Our team of seasoned experts succours clients in perceiving the effect of market dynamics such as size, share, drivers, growth opportunities, and other aspects.

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