Global Hydroponics Market

Dec 2018| VMR179A| Verified Market Research

Report Highlights

Market Overview:

The global Hydroponics market was valued at USD 1.23 billion in 2016 and is projected to reach USD 2.33 billion by 2025, growing at a CAGR of 7.40% from 2017 to 2025.

Hydroponics is a new cultivation method that employs mineral nutrient solutions in place of soil. The rising problem of loss of essential nutrients from soil is expected to boost demand for these techniques. Although limited types of crops can be cultivated using this method the growing food demand is expected to boost its application.



Market Dynamics:
1. Market Drivers
1.1 Rising food demand
1.2 Higher yields compared to traditional methods
2. Market Restraints
2.1 High setup costs

Market Segmentation:
The global Hydroponicsmarket is segmented on the equipment, type, input, crop, and region.
1. By Equipment:
1.1 HVAC
1.2 Control Systems
1.3 LED Grow Light
1.4 Material Handling
1.5 Communication Technology
1.6 Irrigation Systems
1.7 Others

2. By Type:
2.1 Aggregate
2.1.1 Open 
2.1.2 Closed
2.2 Liquid
2.2.1 Floating
2.2.2 Aeroponics
2.2.3 Nutrient Film Technique

3. By Input:
3.1 Growth Medium
3.2 Nutrients

4. By Crops:
4.1 Pepper
4.2 Tomato
4.3 Leafy and Lettuce
4.4 Strawberry
4.5 Cucumber
4.6 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Koninklijke Philips NV
2. Hydrofarm Inc.
3. Argus Control Systems Ltd.
4. Hydrodynamics International Inc.
5. Heliospectra AB
6. Greentech Agro LLC
7. Logiqs BV
8. American Hydroponics Inc.
9. General Hydroponics Inc.
10. Lumigrow Inc.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Hydroponics Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries

Need a custom data table, graph or complete report? Tell us more.

Contact Us
Share This Report