The hydroponics market was valued at USD 9.5 billion in 2020; it is projected to grow at a CAGR of 12.3% to reach USD 17.9 billion by 2026.
Hydroponic farming is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots. Herein, the plant roots are submerged under the chemical solution and checked periodically to ensure that appropriate chemical composition is maintained for growth. As such, the hydroponics method removes the risk of diseases that are caused by soil organisms. Additionally, the hydroponically grown plants produce a higher yield than similar plants grown in soil because of proper control over the nutrients.
The pressure on the agriculture industry to meet the growing demand for grains and food leads to the search for high-yielding farming techniques, such as precision farming and urban farming are some of the factors that have supported long-term expansion for Hydroponics Market.
The increasing adoption of hydroponics and vertical farming systems in the European, accounted for the highest market share in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 12.3% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
type, equipment, input, crop type and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
AeroFarms; AmHydro; Argus Control Systems Ltd.; Emirates Hydroponics Farms; Freight Farms; Green Sense Farms Holdings, Inc.; Heliospectra AB; LumiGrow; Signify Holding; Terra Tech Corp. |
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Available Customization |
In addition to the market data for Hydroponics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Hydroponics Market is segmented into type, equipment, input, crop type and region.
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