Hydroponics Market: By Type, By Crop Type and Region Forecast 2020-2031

download arrow download arrow Download Sample
settings arrow settings arrow email us

Hydroponics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Aggregate Hydroponics System, Liquid Hydroponics System), By Crop Type (Tomato, Lettuce and Leafy Vegetables, Peppper, Cucumber, Microgreens, Other Crop Types) and Region Forecast 2020-2031

checked icon checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

Hydroponics Market size was estimated at US$ 9.2 billion in 2023, growing at a CAGR of 11.8% during the forecast period 2024-2030. Global hydroponics market is expected to grow at significant rate over forecast period owing to the advantages such as high Crop Monitoring over the conventional technologies. Companies operating in the hydroponic market are adopting the launch of innovative products into the market to advance the hydroponic systems. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The revised report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.

Hydroponics Market Key Developments:

  • In May 2016, Ikea has launched indoor hydroponic kit for home hydroponics in UK. Marketers in the hydroponics  are focused on inorganic growth to strengthen market position and expanding geographical reach.
  • In October 2016, Scotts Miracle-Gro's subsidiary Hawthrone Hydroponics acquired Botanicare LLC this acquisition will expand the hydroponic business of Hawthrone garden.
  • In January 2022, GrowGeneration Corp., the nation's largest chain of specialty hydroponic and organic garden centers, announced the opening of a new hydroponic garden center at 1511 Broadway Street, in Ardmore Oklahoma. This 25,000 square foot location is conveniently located in southern Oklahoma at Interstate 35 near the Texas border. This location is the sixth location in Oklahoma and GrowGen's 63rd location nationwide.
  • In August 2021, GrowGeneration Corp., the nation's largest chain of specialty hydroponic and organic garden centers, announced the acquisition of Hoagtech Hydroponics, a leading hydroponic equipment and indoor gardening store, serving the Bellingham, Washington area. This acquisition brings the total number of GrowGen hydroponic garden centers nationwide to 59 stores.

summary download arrow Download Sample

Hydroponics Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

11.8%

Largest Market

Europe

Fastest Growing Market

North-America

Hydroponics Market Dynamics

One of the greatly impacting driving factors for growth of global hydroponics market is high rate of crop production in hydroponics techniques than traditional techniques. In addition, rise in the demand for salad crops and commercial food products also anticipated to positively impact the growth of the market. Furthermore, growth in focus on medicinal plant cultivation and customized plant production are expected to bolster the market share over the forecast period. However, high cost of setup and maintenance coupled with the lack of awareness regarding hydroponic technique are expected to hinder the global hydroponics during the forecast period.

Hydroponics Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 9.2 billion

Market CAGR

11.8%

By Type

  • Aggregate Hydroponics System,
  • Liquid Hydroponics System

By Crop Type

  • Tomato,
  • Lettuce and Leafy Vegetables,
  • Peppper,
  • Cucumber,
  • Microgreens,
  • Other Crop Types

By Region

  • North America,
  • Europe,
  • Asia Pacific,
  • Latin America and
  • Middle East and Africa

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy

Frequently Asked Questions

The global hydroponics market size was valued at US$ 9.2 billion in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030.

AeroFarms (U.S.), AMHYDRO (U.S.), Breight Farms Inc, Freight Farms (U.S.), LumiGrow (U.S.), Argus Control Systems Limited (Canada)

North America is the fastest-growing region for hydroponics market

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1. Executive Summary
2. Global Hydroponics Market Introduction
2.1. Global Hydroponics Market - Taxonomy
2.2. Global Hydroponics Market -Definitions
2.2.1. By Type
2.2.2. By Crop Type
2.2.3. By Region
3. Global Hydroponics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Hydroponics Market Dynamic Factors - Impact Analysis
3.6. Global Hydroponics Market - Competition Landscape
4. Global Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Hydroponics Market, By Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. Aggregate Hydroponics System
5.1.1. Closed System
5.1.2. Open System
5.1.3. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.4. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5. Market Opportunity Analysis
5.2. Liquid Hydroponics
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Hydroponics Market, By Crop Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Tomato
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Lettuce and Leafy Vegetables
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Pepper
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Cucumber
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Microgreens
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Hydroponics Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, End User, and Region, 2022-2028
8. North America Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.1.1. Aggregate Hydroponics System
8.1.1.1. Closed system
8.1.1.2. Open System
8.1.2. Liquid Hydroponics System
8.2. Crop Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Tomato
8.2.2. Lettuce and Leafy Vegetables
8.2.3. Peppper
8.2.4. Cucumber
8.2.5. Microgreens
8.2.6. Other Crop Types
8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, and Country, 2022-2028
8.5. North America Hydroponics Market Dynamics - Trends
9. Europe Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Aggregate Hydroponics System
9.1.1.1. Closed system
9.1.1.2. Open System
9.1.2. Liquid Hydroponics System
9.2. Crop Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Tomato
9.2.2. Lettuce and Leafy Vegetables
9.2.3. Peppper
9.2.4. Cucumber
9.2.5. Microgreens
9.2.6. Other Crop Types
9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, End User, and Country, 2022-2028
9.5. Europe Hydroponics Market Dynamics - Trends
10. Asia-Pacific Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Aggregate Hydroponics System
10.1.1.1. Closed system
10.1.1.2. Open System
10.1.2. Liquid Hydroponics System
10.2. Crop Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Tomato
10.2.2. Lettuce and Leafy Vegetables
10.2.3. Peppper
10.2.4. Cucumber
10.2.5. Microgreens
10.2.6. Other Crop Types
10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, End User, and Country, 2022-2028
10.5. Asia-Pacific Hydroponics Market Dynamics - Trends
11. Latin America Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
11.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Aggregate Hydroponics System
11.1.1.1. Closed system
11.1.1.2. Open System
11.1.2. Liquid Hydroponics System
11.2. Crop Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Tomato
11.2.2. Lettuce and Leafy Vegetables
11.2.3. Peppper
11.2.4. Cucumber
11.2.5. Microgreens
11.2.6. Other Crop Types
11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Latin America Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, End User, and Country, 2022-2028
11.5. Latin America Hydroponics Market Dynamics - Trends
12. Middle East and Africa Hydroponics Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
12.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Aggregate Hydroponics System
12.1.1.1. Closed system
12.1.1.2. Open System
12.1.2. Liquid Hydroponics System
12.2. Crop Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Tomato
12.2.2. Lettuce and Leafy Vegetables
12.2.3. Peppper
12.2.4. Cucumber
12.2.5. Microgreens
12.2.6. Other Crop Types
12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. South Africa
12.3.3. Rest of MEA
12.4. MEA Hydroponics Market - Opportunity Analysis Index, By Type, Crop Type, End User, and Country, 2022-2028
12.5. MEA Hydroponics Market Dynamics - Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis)
13.2.1. AeroFarms (U.S.)
13.2.2. AMHYDRO (U.S.)
13.2.3. Breight Farms Inc
13.2.4. Freight Farms (U.S.)
13.2.5. LumiGrow (U.S.)
13.2.6. Argus Control Systems Limited (Canada)
13.2.7.  Emirates Hydroponics Farms (UAE)
13.2.8. Signify Holding (the Netherlands)
13.2.9. Heliospectra AB (Sweden)
13.2.10. Green Sense Farms Holdings, Inc. (U.S.)
13.2.11. Terra Tech Corp (U.S.)
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • AeroFarms (U.S.)
  • AMHYDRO (U.S.)
  • Breight Farms Inc
  • Freight Farms (U.S.)
  • LumiGrow (U.S.)
  • Argus Control Systems Limited (Canada)
  • Emirates Hydroponics Farms (UAE)
  • Signify Holding (the Netherlands)
  • Heliospectra AB (Sweden)
  • Green Sense Farms Holdings, Inc. (U.S.)
  • Terra Tech Corp (U.S.)

Related Industry Reports

Regenerative Agriculture Market

Kazakhstan Vegetable Seeds Market

Australia Pest Control Market

Uzbekistan Vegetable Seeds Market