Hydroponic is type of horticulture farming, which is adopted to grow plants by utilizing mineral nutrient solutions in a liquid solvent and without the involvement of soil. The nutrients used in hydroponic systems come from various sources, such as duck manure, artificial nutrient solutions, purchased chemical fertilizers, fish excrement, among others. In hydroponic method, plant roots grow inside the moist inert materials, such as vermiculite and rock wool, or in a liquid nutrient solution. The liquid nutrient solution is made by the mixture of vital plant nutrients in the water. The key factors propelling the growth of the global hydroponics market are the rising acceptance of controlled environment agriculture and increasing technological enhancements in hydroponics systems. Hydroponic farming gives a higher yield as compared to conventional agricultural practices. It is supported by governments and non-governmental organizations across the world due to the benefits of hydroponic farming in terms of food security. With the rising population, the demand for food is rising. There has been a surge in public and private funding to bring technological improvement and development in hydroponic systems. All these factors play a vital role in propelling the growth of the global hydroponics market. The increasing difficulty in growing crops on soil has surged the demand for hydroponic farming systems. This is also ascribed to the rising success rates of the commercial hydroponics industry over the past few years. Companies across the world are conducting research & development activities to minimize the cost incurred in this technology. Furthermore, few other factors such as the increasing water scarcity worldwide, the rising trend of building indoor gardens for vegetate organic vegetables with the use of hydroponics method, the rising demand for exotic fruits and vegetables at a higher rate owing to the growing purchasing power of consumers, the increasing cultivation of medicinal plants and the rising adoption of alternative farming methods for cannabis cultivation due to the legalization of marijuana in various countries further stimulate the growth of the hydroponics market. However, the huge capital investment for large-scale farms may hinder the market growth.

Moreover, with the increased adoption of hydroponics worldwide, manufacturers and researchers are working on enhancing the efficiency of hydroponics technology to improve the quality and quantity of the produce. Several companies in the market are investing highly into R&D for attaining state-of-art technologies which fuel the productions. Strategic partnerships with research labs and institutes further propel the growth of the market.

The global Hydroponics Market is segregated on the basis of Type as Aggregate Systems and Liquid Systems. Based on Crops the global Hydroponics Market is segmented in Tomatoes, Lettuce, Peppers, Cucumbers, Herbs and Others.

The global Hydroponics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Hydroponics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Hydrofarm Inc, Lumigrow Inc., Village farms, Argus Control Systems Ltd., General Hydroponics Inc. and others are among the major players in the global Hydroponics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In May 2020, InFarm started its new marketplace in Netherlands at Nijmegen. The facility will be built at several locations such as supermarkets, restaurants and distribution centers such that vegetables are grown and harvested at places close to point of purchase.
• In April 2020, Scotts Miracle replaced its operations of Temecula, California manufacturing plant to produce face shields, owing to dearth of personal protective equipment’s so as to contribute to the fight against Covid-19 outbreak.
• In April 2020, Aerofarms has commenced the establishment of the biggest Aerofarms center which is the biggest of its kind spread across 90,000 sqft. The facility is dedicated fore sate-of-art research and development equipment's and commercialization of locally demanded crops.

The global Hydroponics Market has been segmented as below:

Hydroponics Market, By Type

• Aggregate Systems
• Liquid Systems

Hydroponics Market, By Crops

• Tomatoes
• Lettuce
• Peppers
• Cucumbers
• Herbs
• Others

Hydroponics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Hydroponics Market, By Company

• Hydrofarm Inc
• Lumigrow Inc.
• Village farms
• Argus Control Systems Ltd.
• General Hydroponics Inc.
• Hydrodynamics International Inc
• Greentech Agro Inc.
• Heliospectra AB
• Logiqs B.V
• Koninklijke Philips NV.
• Thanet Earth
• Pegasus Agritech
• Growlife
• Circle Fresh Farms
• KUBO Greenhouse Projects
• HortiMaX
• Terra Tech
• Signify Holdings
• Scotts Miracle Gro
• American Hydroponics

The report covers the below scope:

• Global Hydroponics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Hydroponics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Hydroponics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Hydroponics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Hydroponics Market share. Major industry players with significant revenue share include Hydrofarm Inc, Lumigrow Inc., Village farms, Argus Control Systems Ltd., General Hydroponics Inc. and others.

Why to Buy this Report:

• Gain detailed insights on the Hydroponics industry trends
• Find complete analysis on the market status
• Identify the Hydroponics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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