Asia Pacific Hydroponics Market 2022-2032 by Product Type (Aggregate System, Liquid Hydroponics), Input (Growth Media, Nutrients), Equipment (Irrigation, HVAC, LED Lights, Material Handling, Control Systems), Crop (Tomatoes, Lettuce & Leafy Vegetables, Peppers, Cucumbers, Strawberry, Herbs, Flowers), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity
February 28, 2023
GMD Research
126
PDF
Asia Pacific Hydroponics Market 2022-2032 by Product Type (Aggregate System, Liquid Hydroponics), Input (Growth Media, Nutrients), Equipment (Irrigation, HVAC, LED Lights, Material Handling, Control Systems), Crop (Tomatoes, Lettuce & Leafy Vegetables, Peppers, Cucumbers, Strawberry, Herbs, Flowers), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity
Abstract Asia Pacific hydroponics market will grow by 16.0% annually with a total addressable market cap of $53,496.7 million over 2023-2032, driven by the continuous increase in the Asia Pacific population along with rising the demand for food consumption, the rise in difficulty of growing crops on soil, the rising success rate related with the commercial hydroponics industry, the development of new hydroponics system with higher yield, and the decreased use of artificial ripening agents and pesticides. Highlighted with 38 tables and 60 figures, this 126 page report “Asia Pacific Hydroponics Market 2022-2032 by Product Type (Aggregate System, Liquid Hydroponics), Input (Growth Media, Nutrients), Equipment (Irrigation, HVAC, LED Lights, Material Handling, Control Systems), Crop (Tomatoes, Lettuce & Leafy Vegetables, Peppers, Cucumbers, Strawberry, Herbs, Flowers), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific hydroponics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific hydroponics market in every aspect of the classification from perspectives of Product Type, Input, Equipment, Crop, Distribution Channel, and Country.
Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Aggregate System oEBB and Flow System oWick System oDrip System oOther Aggregate Systems •Liquid Hydroponics oAeroponics oNutrient Film Technique oDeep Water Culture oOther Liquid Hydroponics
Based on Input, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Growth Media •Nutrients •Other Inputs
By Equipment, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Irrigation System •HVAC •LED Growing Lights •Material Handling •Control Systems •Other Equipment
By Crop, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Tomatoes •Lettuce & Leafy Vegetables •Peppers •Cucumbers •Strawberry •Herbs •Flowers •Other Crops
By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Online Channels •Offline Channels
Geographically, the following national/local markets are fully investigated: •Japan •China •South Korea •Australia •India •Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, Equipment and Crop over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: Advanced Nutrients Ltd. Aerofarms American Hydroponics Argus Control Systems Limited (Controlled Environments Limited) Emerald Harvest Co. Freight Farms General Hydroponics Inc. GreenTech Agro LLC Heliospectra AB Hydrodynamics International Inc. Hydroponic Systems International Logiqs B.V. LumiGrow Inc. Scotts Miracle Gro Signify N.V. Village Farms International Inc. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Content Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of Asia Pacific Market by Product Type42 3.1 Market Overview by Product Type42 3.2 Aggregate System44 3.2.1 EBB and Flow System46 3.2.2 Wick System47 3.2.3 Drip System48 3.2.4 Other Aggregate Systems49 3.3 Liquid Hydroponics50 3.3.1 Aeroponics52 3.3.2 Nutrient Film Technique53 3.3.3 Deep Water Culture54 3.3.4 Other Liquid Hydroponics55 4 Segmentation of Asia Pacific Market by Input56 4.1 Market Overview by Input56 4.2 Growth Media58 4.3 Nutrients59 4.4 Other Inputs60 5 Segmentation of Asia Pacific Market by Equipment61 5.1 Market Overview by Equipment61 5.2 Irrigation System63 5.3 HVAC65 5.4 LED Growing Lights66 5.5 Material Handling68 5.6 Control Systems69 5.7 Other Equipment71 6 Segmentation of Asia Pacific Market by Crop74 6.1 Market Overview by Crop74 6.2 Tomatoes76 6.3 Lettuce & Leafy Vegetables77 6.4 Peppers78 6.5 Cucumbers79 6.6 Strawberry80 6.7 Herbs81 6.8 Flowers82 6.9 Other Crops83 7 Segmentation of Asia Pacific Market by Distribution Channel84 7.1 Market Overview by Distribution Channel84 7.2 Online Channels86 7.3 Offline Channels87 8 Asia-Pacific Market 2022-2032 by Country88 8.1 Overview of Asia-Pacific Market88 8.2 Japan91 8.3 China94 8.4 Australia97 8.5 India99 8.6 South Korea101 8.7 Rest of APAC Region103 9 Competitive Landscape105 9.1 Overview of Key Vendors105 9.2 New Product Launch, Partnership, Investment, and M&A108 9.3 Company Profiles109 Advanced Nutrients Ltd.109 Aerofarms111 American Hydroponics112 Argus Control Systems Limited (Controlled Environments Limited)113 Emerald Harvest Co.114 Freight Farms115 General Hydroponics Inc.116 GreenTech Agro LLC117 Heliospectra AB118 Hydrodynamics International Inc.119 Hydroponic Systems International120 Logiqs B.V.121 LumiGrow Inc.122 Scotts Miracle Gro123 Signify N.V.124 Village Farms International Inc.125 RELATED REPORTS126
List of Tables:
Table 1. Snapshot of Asia Pacific Hydroponics Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. World Population Projections to 203528 Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn30 Table 6. Main Product Trends and Market Opportunities in Asia Pacific Hydroponics Market34 Table 7. Asia Pacific Hydroponics Market by Product Type, 2022-2032, $ mn42 Table 8. Asia Pacific Hydroponics Market: Aggregate System by Type, 2022-2032, $ mn45 Table 9. Asia Pacific Hydroponics Market: Liquid Hydroponics by Type, 2022-2032, $ mn51 Table 10. Asia Pacific Hydroponics Market by Input, 2022-2032, $ mn56 Table 11. Asia Pacific Hydroponics Market by Equipment, 2022-2032, $ mn61 Table 12. Key Vendors and Main Products of Irrigation System Market64 Table 13. Key Vendors and Main Products of Grow Lights Market67 Table 14. Key Vendors and Main Products of Climate Control System Market70 Table 15. Key Vendors and Main Products of Sensors Market72 Table 16. Key Vendors and Main Products of Integrated System Market73 Table 17. Asia Pacific Hydroponics Market by Crop, 2022-2032, $ mn74 Table 18. Asia Pacific Hydroponics Market by Distribution Channel, 2022-2032, $ mn84 Table 19. APAC Hydroponics Market by Country, 2022-2032, $ mn89 Table 20. Japan Hydroponics Market by Product Type, 2022-2032, $ mn93 Table 21. Japan Hydroponics Market by Equipment, 2022-2032, $ mn93 Table 22. Japan Hydroponics Market by Crop, 2022-2032, $ mn93 Table 23. China Hydroponics Market by Product Type, 2022-2032, $ mn95 Table 24. China Hydroponics Market by Equipment, 2022-2032, $ mn95 Table 25. China Hydroponics Market by Crop, 2022-2032, $ mn95 Table 26. Australia Hydroponics Market by Product Type, 2022-2032, $ mn98 Table 27. Australia Hydroponics Market by Equipment, 2022-2032, $ mn98 Table 28. Australia Hydroponics Market by Crop, 2022-2032, $ mn98 Table 29. India Hydroponics Market by Product Type, 2022-2032, $ mn100 Table 30. India Hydroponics Market by Equipment, 2022-2032, $ mn100 Table 31. India Hydroponics Market by Crop, 2022-2032, $ mn100 Table 32. South Korea Hydroponics Market by Product Type, 2022-2032, $ mn102 Table 33. South Korea Hydroponics Market by Equipment, 2022-2032, $ mn102 Table 34. South Korea Hydroponics Market by Crop, 2022-2032, $ mn102 Table 35. Hydroponics Market in Rest of APAC by Country/Region, 2022-2032, $ mn104 Table 36. Advanced Nutrients Ltd.: Company Snapshot109 Table 37. Advanced Nutrients Ltd.: Business Segmentation110 Table 38. Advanced Nutrients Ltd.: Product Portfolio110
Asia Pacific hydroponics market will grow by 16.0% annually with a total addressable market cap of $53,496.7 million over 2023-2032, driven by the continuous increase in the Asia Pacific population along with rising the demand for food consumption, the rise in difficulty of growing crops on soil, the rising success rate related with the commercial hydroponics industry, the development of new hydroponics system with higher yield, and the decreased use of artificial ripening agents and pesticides. Highlighted with 38 tables and 60 figures, this 126 page report “Asia Pacific Hydroponics Market 2022-2032 by Product Type (Aggregate System, Liquid Hydroponics), Input (Growth Media, Nutrients), Equipment (Irrigation, HVAC, LED Lights, Material Handling, Control Systems), Crop (Tomatoes, Lettuce & Leafy Vegetables, Peppers, Cucumbers, Strawberry, Herbs, Flowers), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific hydroponics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific hydroponics market in every aspect of the classification from perspectives of Product Type, Input, Equipment, Crop, Distribution Channel, and Country.
Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Aggregate System oEBB and Flow System oWick System oDrip System oOther Aggregate Systems •Liquid Hydroponics oAeroponics oNutrient Film Technique oDeep Water Culture oOther Liquid Hydroponics
Based on Input, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Growth Media •Nutrients •Other Inputs
By Equipment, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Irrigation System •HVAC •LED Growing Lights •Material Handling •Control Systems •Other Equipment
By Crop, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Tomatoes •Lettuce & Leafy Vegetables •Peppers •Cucumbers •Strawberry •Herbs •Flowers •Other Crops
By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Online Channels •Offline Channels
Geographically, the following national/local markets are fully investigated: •Japan •China •South Korea •Australia •India •Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, Equipment and Crop over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: Advanced Nutrients Ltd. Aerofarms American Hydroponics Argus Control Systems Limited (Controlled Environments Limited) Emerald Harvest Co. Freight Farms General Hydroponics Inc. GreenTech Agro LLC Heliospectra AB Hydrodynamics International Inc. Hydroponic Systems International Logiqs B.V. LumiGrow Inc. Scotts Miracle Gro Signify N.V. Village Farms International Inc. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of Asia Pacific Market by Product Type42 3.1 Market Overview by Product Type42 3.2 Aggregate System44 3.2.1 EBB and Flow System46 3.2.2 Wick System47 3.2.3 Drip System48 3.2.4 Other Aggregate Systems49 3.3 Liquid Hydroponics50 3.3.1 Aeroponics52 3.3.2 Nutrient Film Technique53 3.3.3 Deep Water Culture54 3.3.4 Other Liquid Hydroponics55 4 Segmentation of Asia Pacific Market by Input56 4.1 Market Overview by Input56 4.2 Growth Media58 4.3 Nutrients59 4.4 Other Inputs60 5 Segmentation of Asia Pacific Market by Equipment61 5.1 Market Overview by Equipment61 5.2 Irrigation System63 5.3 HVAC65 5.4 LED Growing Lights66 5.5 Material Handling68 5.6 Control Systems69 5.7 Other Equipment71 6 Segmentation of Asia Pacific Market by Crop74 6.1 Market Overview by Crop74 6.2 Tomatoes76 6.3 Lettuce & Leafy Vegetables77 6.4 Peppers78 6.5 Cucumbers79 6.6 Strawberry80 6.7 Herbs81 6.8 Flowers82 6.9 Other Crops83 7 Segmentation of Asia Pacific Market by Distribution Channel84 7.1 Market Overview by Distribution Channel84 7.2 Online Channels86 7.3 Offline Channels87 8 Asia-Pacific Market 2022-2032 by Country88 8.1 Overview of Asia-Pacific Market88 8.2 Japan91 8.3 China94 8.4 Australia97 8.5 India99 8.6 South Korea101 8.7 Rest of APAC Region103 9 Competitive Landscape105 9.1 Overview of Key Vendors105 9.2 New Product Launch, Partnership, Investment, and M&A108 9.3 Company Profiles109 Advanced Nutrients Ltd.109 Aerofarms111 American Hydroponics112 Argus Control Systems Limited (Controlled Environments Limited)113 Emerald Harvest Co.114 Freight Farms115 General Hydroponics Inc.116 GreenTech Agro LLC117 Heliospectra AB118 Hydrodynamics International Inc.119 Hydroponic Systems International120 Logiqs B.V.121 LumiGrow Inc.122 Scotts Miracle Gro123 Signify N.V.124 Village Farms International Inc.125 RELATED REPORTS126
List of Tables:
Table 1. Snapshot of Asia Pacific Hydroponics Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. World Population Projections to 203528 Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn30 Table 6. Main Product Trends and Market Opportunities in Asia Pacific Hydroponics Market34 Table 7. Asia Pacific Hydroponics Market by Product Type, 2022-2032, $ mn42 Table 8. Asia Pacific Hydroponics Market: Aggregate System by Type, 2022-2032, $ mn45 Table 9. Asia Pacific Hydroponics Market: Liquid Hydroponics by Type, 2022-2032, $ mn51 Table 10. Asia Pacific Hydroponics Market by Input, 2022-2032, $ mn56 Table 11. Asia Pacific Hydroponics Market by Equipment, 2022-2032, $ mn61 Table 12. Key Vendors and Main Products of Irrigation System Market64 Table 13. Key Vendors and Main Products of Grow Lights Market67 Table 14. Key Vendors and Main Products of Climate Control System Market70 Table 15. Key Vendors and Main Products of Sensors Market72 Table 16. Key Vendors and Main Products of Integrated System Market73 Table 17. Asia Pacific Hydroponics Market by Crop, 2022-2032, $ mn74 Table 18. Asia Pacific Hydroponics Market by Distribution Channel, 2022-2032, $ mn84 Table 19. APAC Hydroponics Market by Country, 2022-2032, $ mn89 Table 20. Japan Hydroponics Market by Product Type, 2022-2032, $ mn93 Table 21. Japan Hydroponics Market by Equipment, 2022-2032, $ mn93 Table 22. Japan Hydroponics Market by Crop, 2022-2032, $ mn93 Table 23. China Hydroponics Market by Product Type, 2022-2032, $ mn95 Table 24. China Hydroponics Market by Equipment, 2022-2032, $ mn95 Table 25. China Hydroponics Market by Crop, 2022-2032, $ mn95 Table 26. Australia Hydroponics Market by Product Type, 2022-2032, $ mn98 Table 27. Australia Hydroponics Market by Equipment, 2022-2032, $ mn98 Table 28. Australia Hydroponics Market by Crop, 2022-2032, $ mn98 Table 29. India Hydroponics Market by Product Type, 2022-2032, $ mn100 Table 30. India Hydroponics Market by Equipment, 2022-2032, $ mn100 Table 31. India Hydroponics Market by Crop, 2022-2032, $ mn100 Table 32. South Korea Hydroponics Market by Product Type, 2022-2032, $ mn102 Table 33. South Korea Hydroponics Market by Equipment, 2022-2032, $ mn102 Table 34. South Korea Hydroponics Market by Crop, 2022-2032, $ mn102 Table 35. Hydroponics Market in Rest of APAC by Country/Region, 2022-2032, $ mn104 Table 36. Advanced Nutrients Ltd.: Company Snapshot109 Table 37. Advanced Nutrients Ltd.: Business Segmentation110 Table 38. Advanced Nutrients Ltd.: Product Portfolio110