Hydroponics Market: By Type (Aggregate Hydroponics System, Liquid Hydroponics System), By Crop Type (Tomato, Lettuce and Leafy Vegetables, Peppper, Cucumber, Microgreens, Other Crop Types) and Geographical Location (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) and Forecast to 2028  

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Hydroponics Market size was estimated at USD 9.2 billion in 2022, growing at a CAGR of 11.8% during the forecast period 2022-2028. Global hydroponics market is expected to grow at significant rate over forecast period owing to the advantages such as high crop yield 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. For instance, 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. 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. 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.

Recent Market Developments:

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.

Hydroponics Market Summary

Study Period

2023-29

Base Year

2022

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.

Key Features of the Reports

  • The urinary incontinence device market report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

Hydroponics Market Segmentation

By Type
  • Aggregate Hydroponics System,
  • Liquid Hydroponics System
By Crop Type
  • Tomato,
  • Lettuce and Leafy Vegetables,
  • Peppper,
  • Cucumber,
  • Microgreens,
  • Other Crop Types
By Geography
  • North America,
  • Europe,
  • Asia Pacific,
  • Latin America and
  • Middle East and Africa

Frequently Asked Questions

The hydroponics market is projected to expand at a CAGR of 11.8% during the forecast period

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

Europe is the fastest-growing region for hydroponics market

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, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Hydroponics Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Aggregate Hydroponics System
5.1.1. Closed System
5.1.2. Open System
5.1.3. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Tomato
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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
  • 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.)