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Hydroponics Market, Global Forecast, Impact of COVID-19, Industry Trends by Type, Input, Crops, Region, and Opportunity Company Overview, Revenue

  • ID: 5393523
  • Report
  • July 2021
  • Region: Global
  • 115 Pages
  • Renub Research

FEATURED COMPANIES

  • Signify Holding
  • Terra Tech Corp
  • Village Farms
Hydroponics plays a vital role in changing the way people think about plant growth and the future of gardening and farming. Hydroponics farming has become a new trend in the Agricultural sector, especially with the growing need for food and limited resources. It simply means growing fresh vegetables and fruits in nutrient-rich water instead of soil require less space and resources. Worldwide, modernized techniques, soil-less farming result in higher productivity in a controlled climate and with no risk of pests and insects.



According to the World Economic Forum, the global population is expected to reach nearly 10 Billion by 2050, making the requirement of food 60 per cent higher than it is today. The growing need for exotic vegetables such as tomatoes, lettuce, peppers, cucumbers, herbs, and others used in intercontinental cuisines is a prime factor driving the global Hydroponics Market. Besides, the increasing awareness among the consumers of eating fresh vegetables is also expected to fuel the market in the future. The demand for exotic vegetables like tomatoes and red lettuce in food and retail chains like Burger King and KFC is anticipated to boost sales during the forecast period. According to the publisher, Global Hydroponics Market is estimated to reach US$ 19.08 Billion by 2027.

Based on Technology


Heating Ventilation & Air Conditioning (HVAC) plays a vital role in the development of indoor growers; to control the climate, hardware components such as climate control systems and lighting systems are essential. Further, the HVAC costs less than other technology like Irrigation systems, Led Grow Lights, Aeration systems and utilities that go into hydroponics. Global Hydroponics Market Size was US$ 10.30 Billion in 2020.

Region-wise Growth for Hydroponics Market Size


Worldwide, North America and Europe hold the largest market share; factors such as Europe has traditionally been at the front of implementing advanced techniques in hydroponic innovative greenhouse horticulture. Countries such as France, Netherlands and Spain have large areas under greenhouse cultivation. In the United States, enhancing demand for hydroponics and rising need for food and higher yield than traditional agricultural methods factors driving the hydroponics industry. Moreover, the rise in the consumption of exotic vegetables is adding value to the United States hydroponics market. As per our study, the Worldwide Hydroponics Industry will grow with a CAGR of 9.21% by 2020-2027.

The COVID- 19 pandemics has made it necessary to understand the importance of adequate nutrition to boost immunity, maximize health, and decrease the risk and impact of the virus. Having a strong and resilient immune system is a demand for hydroponics farming. Thus, the destructive aftermath of the pandemic should be a catalyst to expand taste, knowledge and awareness and contribute to the adoption of hydroponics for a sustainable food system globally.

Companies Initiatives in Hydroponics Industry


The world is witnessing an increased adoption of hydroponics globally. Many companies such as Signify Holding, Village Farms, Argus Control Systems Limited, Emirates Hydroponics Farms, Terra Tech Corp are investing massively into R&D for achieving state-of-art technologies that boost the productions and bring about a variety of cultivations possible. In 2019, Argus Control Systems Ltd partnered with Hydrofarm Holdings Group Inc. to provide exceptional environmental systems and services for horticultural production in the United States and Canada.

This latest report Global Hydroponics Market by Type (Aggregate, liquid) by Input (Nutrients, Growth Medium) by Crops (Tomatoes, lettuce, Pepper, cucumber, Herbs,Others) by Technology (Led Grow Lights, HVAC, Irrigation System, Aeration System) by Region (North America, Europe, Asia Pacific, south America, Middle East & Africa) by Company Analysis (Signify Holding, Village Farms, Argus Control Systems Limited, Emirates Hydroponics Farms, Terra Tech Corp)” studies the Global Hydroponics Market. The report also comprises qualitative factors such as drivers, restraints, and opportunities.

Type - Global Hydroponics Market have been covered from 2 viewpoints

  • Aggregate
  • Liquid

Input - Global Hydroponics Market have been covered from 2 viewpoints

  • Nutrients
  • Growth Medium

Crops - Global Hydroponics Market have been covered from 4 viewpoints


1. Vegetables
2. Herbs
3. Fruits
4. Others

Technology - Global Hydroponics Market have been covered from 4 viewpoints


1. Led Grow Lights
2. HVAC
3. Irrigation System
4. Aeration System

Region - Global Hydroponics Market have been covered from 5 viewpoints


1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East & Africa

Company Analysis

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:


1. Signify Holding
2. Village Farms
3. Argus Control Systems Limited
4. Emirates Hydroponics Farms
5. Terra Tech Corp
Frequently Asked Questions about the Global Hydroponics Market

What is the estimated value of the Global Hydroponics Market?

The Global Hydroponics Market was estimated to be valued at $10.3 Billion in 2020.

What is the growth rate of the Global Hydroponics Market?

The growth rate of the Global Hydroponics Market is 9.2%, with an estimated value of $19.1 Billion by 2027.

What is the forecasted size of the Global Hydroponics Market?

The Global Hydroponics Market is estimated to be worth $19.1 Billion by 2027.

Who are the key companies in the Global Hydroponics Market?

Key companies in the Global Hydroponics Market include Signify Holding, Village Farms, Argus Control Systems Limited and Terra Tech Corp.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Signify Holding
  • Terra Tech Corp
  • Village Farms

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Key Challenges
5. Global Hydroponics Market
6. Market Share Analysis
6.1 By Type
6.2 By Input
6.3 By Crops
6.4 By Technology
6.5 By Region
7. Type - Global Hydroponics Market
7.1 Aggregate
7.2 liquid
8. Input - Global Hydroponics Market
8.1 Nutrients
8.2 Growth Medium
9. Crops - Global Hydroponics Market
9.1 Vegetables
9.2 Herbs
9.3 Fruits
9.4 Others
10. Technology - Global Hydroponics Market
10.1 Led Grow Lights
10.2 HVAC
10.3 Irrigation System
10.4 Aeration System
11. Region - Global Hydroponics Market
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 south America
11.5 Middle East & Africa
12. Company Analysis
12.1 Signify Holding
12.1.1 Overview
12.1.2 Recent Developments
12.1.3 Revenue
12.2 Village Farms
12.2.1 Overview
12.2.2 Recent Developments
12.2.3 Revenue
12.3 Argus Control Systems Limited
12.3.1 Overview
12.3.2 Recent Developments
12.4 Emirates Hydroponics Farms
12.4.1 Overview
12.4.2 Recent Developments
12.5 Terra Tech Corp
12.5.1 Overview
12.5.2 Recent Developments
List of Figures:
Figure-01: Global Hydroponics Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global Hydroponics Market (Million US$), 2021 - 2027
Figure-03: Type - Aggregate Market (Million US$), 2017 - 2020
Figure-04: Type - Forecast for Aggregate Market (Million US$), 2021 - 2027
Figure-05: Type - Liquid Market (Million US$), 2017 - 2020
Figure-06: Type - Forecast for Liquid Market (Million US$), 2021 - 2027
Figure-07: Input - Nutrients Market (Million US$), 2017 - 2020
Figure-08: Input - Forecast for Nutrients Market (Million US$), 2021 - 2027
Figure-09: Input - Growth Medium Market (Million US$), 2017 - 2020
Figure-10: Input - Forecast for Growth Medium Market (Million US$), 2021 - 2027
Figure-11: Crops - Vegetables Market (Million US$), 2017 - 2020
Figure-12: Crops - Forecast for Vegetables Market (Million US$), 2021 - 2027
Figure-13: Crops - Herbs Market (Million US$), 2017 - 2020
Figure-14: Crops - Forecast for Herbs Market (Million US$), 2021 - 2027
Figure-15: Crops - Fruits Market (Million US$), 2017 - 2020
Figure-16: Crops - Forecast for Fruits Market (Million US$), 2021 - 2027
Figure-17: Crops - Others Market (Million US$), 2017 - 2020
Figure-18: Crops - Forecast for Others Market (Million US$), 2021 - 2027
Figure-19: Technology - Led Grow Lights Market (Million US$), 2017 - 2020
Figure-20: Technology - Forecast for Led Grow Lights Market (Million US$), 2021 - 2027
Figure-21: Technology - HVAC Market (Million US$), 2017 - 2020
Figure-22: Technology - Forecast for HVAC Market (Million US$), 2021 - 2027
Figure-23: Technology - Irrigation System Market (Million US$), 2017 - 2020
Figure-24: Technology - Forecast for Irrigation System Market (Million US$), 2021 - 2027
Figure-25: Technology - Aeration System Market (Million US$), 2017 - 2020
Figure-26: Technology - Forecast for Aeration System Market (Million US$), 2021 - 2027
Figure-27: North America - Hydroponics Market (Million US$), 2017 - 2020
Figure-28: North America - Forecast for Hydroponics Market (Million US$), 2021 - 2027
Figure-29: Europe - Hydroponics Market (Million US$), 2017 - 2020
Figure-30: Europe - Forecast for Hydroponics Market (Million US$), 2021 - 2027
Figure-31: Asia Pacific - Hydroponics Market (Million US$), 2017 - 2020
Figure-32: Asia Pacific - Forecast for Hydroponics Market (Million US$), 2021 - 2027
Figure-33: Rest of World - Hydroponics Market (Million US$), 2017 - 2020
Figure-34: Rest of World - Forecast for Hydroponics Market (Million US$), 2021 - 2027
Figure-35: Signify Holding - Global Revenue (Million US$), 2017 - 2020
Figure-36: Signify Holding - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-37: Village Farms - Global Revenue (Million US$), 2017 - 2020
Figure-38: Village Farms - Forecast for Global Revenue (Million US$), 2021 - 2027
List of Tables:
Table-01: Global - Hydroponics Market Share by Type (Percent), 2017 - 2020
Table-02: Global - Forecast for Hydroponics Market Share by Type (Percent), 2021 - 2027
Table-03: Global - Hydroponics Market Share by Input (Percent), 2017 - 2020
Table-04: Global - Forecast for Hydroponics Market Share by Input (Percent), 2021 - 2027
Table-05: Global - Hydroponics Market Share by Crops (Percent), 2017 - 2020
Table-06: Global - Forecast for Hydroponics Market Share by Crops (Percent), 2021 - 2027
Table-07: Global - Hydroponics Market Share by Technology (Percent), 2017 - 2020
Table-08: Global - Forecast for Hydroponics Market Share by Technology (Percent), 2021 - 2027
Table-09: Global - Hydroponics Market Share by Region (Percent), 2017 - 2020
Table-10: Global - Forecast for Hydroponics Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Signify Holding
  • Village Farms
  • Argus Control Systems Limited
  • Emirates Hydroponics Farms
  • Terra Tech Corp
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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