Hydroponics Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Abstract
Hydroponics Market: Market Segments: By Type (Aggregate Hydroponic System and Liquid Hydroponic System); By Crop Type (Tomato, Lettuce & Leafy Vegetables, Pepper, Cucumber, Microgreens and Other); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Hydroponics is the process of growing plants using substantial nutrients in a mineral-rich water solution without using soil or soil-less gardening. Only sunlight, a sufficient amount of water, and selected nutrients are required for a plant to grow. This reduces the need for herbicides and pesticides.

Market Highlights

Hydroponics Market is expected to project a notable CAGR of 11.29% in 2030.

Hydroponics Market to surpass USD 18.5 Billion by 2030 from USD 8.5 Billion in 2019 in terms of value growing at a CAGR of 11.29% throughout the forecast period, i.e., 2020-30. The higher yield compared to conventional agricultural techniques is one of the main growth factors for the hydroponic industry.

Hydroponics Market: Segments

Liquid systems segment to grow with the highest CAGR during 2020-30

Hydroponics Market is segmented by type as aggregate systems and liquid systems. With a share of over XX.X percent in 2019, the aggregate systems segment is expected to lead the market owing to its widespread popularity among all the indoor hydroponic farmers owing to its ease of setup and inexpensiveness.

Hydroponics Market: Market Dynamics

Drivers

Higher Consumption of Salads and Vegetables

Due to the increased buying power of customers, the market for exotic fruits and vegetables has been consistently increasing at a higher pace. As most of these items are imported, the cost of these exotic products is high and as a result, many research institutions and universities are concentrating on the establishment of more simplified hydroponics systems to speed up the production of exotic fruits and vegetables and meet the growing demand.

Restrain

High capital investment

Main cost factors for a hydroponic farm are various types of equipment, including HVAC systems, fans, ventilation, irrigation systems, control systems, rails, and lights. The enormous cost of the system's initial set-up is a major factor that prohibits farmers from investing in these systems.

Hydroponics Market: Key Players

• Heliospectra AB (Sweden).

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Scotts Miracle Gro (US)

• Village Farms (Canada)

• Argus Control Systems (Canada)

• Iron Ox (US)

• American Hydroponics (US)

• Terra Tech Corp (US)

• Hydroponic Farms (UAE)

• LumiGrow (US)

• Aerofarms (US)

• Signify Holdings (Netherlands)

• Triton Foodworks Ltd. (India)

• Urban cultivator (Canada)

• Green Sense Holdings (US)

Hydroponics Market: Regions

Hydroponics Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Hydroponics Market in Asia Pacific led the market with a lion share of more than XX.X% in 2019 owing to the substantial adoption of hydroponics in China, Australia, South Korea, and other such countries. Due to developing urban hydroponic farms, the demand in China and India is expected to increase significantly over the forecast period. Due to the numerous companies based in the region, and due to the increasing adoption of alternative farming techniques in urban areas, North America has a high potential for growth. The area is also expected to experience a significant CAGR over the forecast period due to the increasing expansion of genetically modified crop technology. However it is predicted that the lack of government incentives and the lack of necessary facilities for setting up large hydroponic farms would impede growth in developing countries in the Middle East, Africa and South America.

Hydroponics Market report also contains analysis on:

Hydroponics Market Segments:

By Type:

• Aggregate Hydroponic System
-Closed System
-Open System

• Liquid Hydroponic System

By Crop Type:

• Tomato

• Lettuce & Leafy Vegetables

• Pepper

• Cucumber

• Microgreens

• Other

• Hydroponics Market Dynamics

• Hydroponics Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Hydroponics Market

· Which segment is anticipated to hold the largest market share?

· At what CAGR is the market anticipated to grow between 2020 and 2030?

· Who are the key players in the Hydroponics Market?

· What could be the challenging factors in the growth of Hydroponics Market?

· What are the growth drivers for the Hydroponics Market?

Content
Tables of Contents
1. Executive Summary
2. Hydroponics Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Hydroponics Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Hydroponics Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Hydroponics: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Aggregate Hydroponic System, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Liquid Hydroponic System, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3. By Crop Type: Market Share (2020-2030F)
12.3.1. Tomato, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Lettuce & Leafy Vegetables, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Pepper, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Cucumber, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.5. Microgreens, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Heliospectra AB (Sweden).
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Scotts Miracle Gro (US)
13.3. Village Farms (Canada)
13.4. Argus Control Systems (Canada)
13.5. Iron Ox (US)
13.6. American Hydroponics (US)
13.7. Terra Tech Corp (US)
13.8. Hydroponic Farms (UAE)
13.9. LumiGrow (US)
13.10. Aerofarms (US)
13.11. Signify Holdings (Netherlands)
13.12. Triton Foodworks Ltd. (India)
13.13. Urban cultivator (Canada)
13.14. Green Sense Holdings (US)
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.