Hydroponic Market Size, Trends, Opportunities, Innovations & Forecast till 2024


According to the latest market research report, published by KD Market Insightscovers a detailed analysis of, “Hydroponic Market” The study comprises of major industry trends and insights that play an important role in the market growth. Also, the report covers forecast revenue growth at global, regional and country levels, providing a detailed analysis of the industry.
Global hydroponics market accounted for USD XXX.X Million in 2018 and is estimated to reach USD XXX.X Million in 2024, registering a compound annual growth rate (CAGR)of XX.X% between 2018 and 2024. Hydroponics is a method of growing plants without using soil. In hydroponics, plants grow in water-based, nutrient-rich solution and this method offers many times greater yield than other conventional farming methods.


Market Drivers & Restraints
The earth has lost a third of its arable land due to urbanization, industrialization and erosion or pollution in the past 40 years and this reduction in arable land is likely to grow in coming years. This continuous reduction in the arable land area has increased the need for soilless farming methods such as hydroponics, aquaponics, and others. With hydroponics, it is possible to grow crops in places where the land is limited, doesn't exist, or is heavily contaminated. Further, this rise in demand for soilless farming methods is likely to bolster the growth of global hydroponics market. Apart from this, the hydroponic system makes better use of space and location as compared to other soilless farming methods and due to this, hydroponics farming methods are being strongly adopted in domestic areas.
Furthermore, agriculture sector today is strongly affected by unsure climate change. Factors such as increasing carbon dioxide (CO2) and other greenhouse gas (GHG) emissions from human activities have resulted in climate change. This climate change has adversely affected world crop production, at the same time it has also bolstered the demand for controlled environment farming methods. Even in the hydroponic system, growers can control over the temperature, humidity, light intensification, the composition of the air and can grow foods all year round regardless of the season.
Additionally, a series of benefits associated with hydroponics methods such as water conservation, effective use of nutrients, better growth rate, no weeds, fewer pets & diseases, less labor & time saver and others are aiding the growth of global hydroponics market. However, the requirement of experience and knowledge, high initial expense and others are some major drawbacks of hydroponics which are likely to restrict the growth of global hydroponics market in upcoming years.
Segmentation
The research offers a comprehensive analysis of hydroponics market with respect to following sub-markets:
By Product
- Growing Chamber
- Pump & Tubing
- Growing LED Lights
- HVAC
- Growing Supplies
- Controlling Equipment
- Reservoir
- Accessories
By System
- Aggregate Hydroponic System
- - - Closed Systems
- - - Open Systems
- Liquid Hydroponics System
- - - Nutrient Film Technique (NFT)
- - - Others
By Crop
- Lettuce
- Microgreens
- Medical Marijuana
- Tomatoes
- Herbs
- Pepper
- Cucumber
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as;

Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Hydroponic Market
3. Global Hydroponic Market Trends
4. Opportunities in Global Hydroponic Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Hydroponic Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Hydroponic Market Segmentation Analysis, By Product
9.1. Introduction
9.2. Market Attractiveness, By Product
9.3. BPS Analysis, By Product
9.4. Growing Chamber Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Pump & Tubing Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Growing LED Lights Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. HVAC Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Growing Supplies Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.9. Controlling Equipment Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.10. Reservoir Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.11. Accessories Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Global Hydroponic Market Segmentation Analysis, By System
10.1. Introduction
10.2. Market Attractiveness, By System
10.3. BPS Analysis, By System
10.4. Aggregate Hydroponic System Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.1. Closed Systems Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.2. Open Systems Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Liquid Hydroponics System Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5.1. Nutrient Film Technique (NFT) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5.2. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Hydroponic Market Segmentation Analysis, By Crop
11.1. Introduction
11.2. Market Attractiveness, By Crop
11.3. BPS Analysis, By Crop
11.4. Lettuce Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Microgreens Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Medical Marijuana Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.7. Tomatoes Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.8. Herbs Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.9. Pepper Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.10. Cucumber Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.11. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Geographical Analysis
12.1. Introduction
12.2. North America Hydroponic Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1. By Product
12.2.2. By System
12.2.3. By Crop
12.2.4. By Country
12.2.4.1. Market Attractiveness, By Crop
12.2.4.2. BPS Analysis, Application
12.2.4.3. U.S. Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.4.4. Canada Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3. Europe Hydroponic Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.1. By Product
12.3.2. By System
12.3.3. By Crop
12.3.4. By Country
12.3.4.1. Market Attractiveness, By Country
12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.4. United Kingdom Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.5. France Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.6. Italy Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.7. Spain Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.8. Russia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.3.4.9. Rest of Europe Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4. Asia Pacific Hydroponic Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.1. By Product
12.4.2. By System
12.4.3. By Crop
12.4.4. By Country
12.4.4.1. Market Attractiveness, By Country
12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.4. India Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.5. Japan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.6. South Korea Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.7. Indonesia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.8. Taiwan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.9. Australia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.10. New Zealand Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.4.4.11. Rest of Asia Pacific Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
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