According to a research report published by Spherical Insights & Consulting, the Global Hydroponics Market Size Expected to Grow from USD 13.34 Billion in 2023 to USD 47.33 Billion by 2033, at a CAGR of 13.5% during the forecast period 2023-2033.

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Hydroponics involves growing plants in a nutrient-rich water solution rather than soil. It may also contain growing media such as vermiculite, coconut coir, or perlite. This is due to its many benefits over conventional soil-based agriculture, including increased yields, more control over plant growth, and more economical use of resources like water and space, this method has been gaining traction recently. Over the past ten years, the global hydroponics market has grown significantly due to many causes, including population increase, the need for food production, the scarcity of arable land, and technological improvements. Furthermore, the need for food is rising as a result of the world’s population growth. Furthermore, the loss of fertile land due to increased urbanization has made conventional farming practices less viable. By maximizing the use of scarce land resources, hydroponics provides a solution by permitting growing in urban locations, such as rooftops, interior spaces, and vertical farms. However, effective hydroponic system setup and maintenance necessitate technical know-how in fields including plant physiology, hydroponic system design, and nutrient management.

Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on Global Hydroponics Market Size, Share, and COVID-19 Impact Analysis, By Type (Aggregate Systems, Liquid Systems, and Others), By Input (Nutrients, Grow Media, and Others), By Crop Type (Vegetables, Fruits, Flowers, and Others), By Farming Method (Indoor and Outdoor), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The aggregate systems segment is estimated to grow at the highest pace in the global hydroponics market during the forecast period.

Based on the type the global hydroponics market is segmented into aggregate systems, liquid systems, and others. Among these, the aggregate systems segment is estimated to grow at the highest pace in the global hydroponics market during the forecast period. The expansion can be attributed to the widespread usage of aggregate systems in commercial hydroponics because of their adaptability, user-friendliness, and capacity to sustain a variety of crops. They are appropriate for both local and large-scale operations and provide greater control over the administration of nutrients.

The nutrients segment is estimated to hold the largest share of the global hydroponics market during the forecast period.

Based on the input, the global hydroponics market is segmented into nutrients, grow media, and others. Among these, the nutrients segment is estimated to hold the largest share of the global hydroponics market during the forecast period. The nutrients, a key element of hydroponic systems and necessary for plant growth, are responsible for the growth. The growth of the hydroponics industry has raised the need for premium and well-prepared fertilizer solutions.

The indoor segment is anticipated to hold the largest share of the global hydroponics market during the forecast period.

Based on farming the global hydroponics market is divided method into indoor and outdoor. Among these, the indoor segment is expected to hold the largest share of the global hydroponics market during the forecast period. Urbanization, climate variability, the need for sustainable and local food production, and the scarcity of arable land have all contributed to the demand for indoor hydroponic systems. Compared to outdoor setups, indoor hydroponic systems have a number of benefits, such as year-round production, improved control over growing conditions, and the capacity to produce consistently high-quality, high-value crops.

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North America is anticipated to hold the largest share of the global hydroponics market over the predicted timeframe.

North America is forecast to hold the largest share of the global hydroponics market during the forecast period. Large-scale commercial hydroponic farms are a defining feature of the region, particularly in states like Florida, Arizona, and California. Due to consumer demand for fresh, pesticide-free, locally produced food and technical improvements, vertical farming and urban agriculture have also emerged in North America.

Asia Pacific is anticipated to grow at the fastest pace in the global hydroponics market during the forecast period. Hydroponic greenhouse production is being used in Australia, allowing for cultivation in arid areas. The market for high-value crops, herbs, and leafy greens cultivated hydroponically is also expanding in the Asia Pacific area.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hydroponics along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Hydroponics Market are Triton Foodworks Pvt. Ltd., Gotham Greens, VitaLink, ScottsMiracle-Gro, Green Sense Farms, Emirates Hydroponic Farm, Hydrodynamics International, American Hydroponics, Advanced Nutrients, Emerald Harvest, Bright Farms, Freight Farms, AeroFarms, Nature’s Miracle, InFarm, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In June 2022, there would be no need for plastic bags or packing for the substrate in the HS Evolution Pot from Hydroponic Systems International (Spain). It would support the business’s endeavors to increase the range of products it offers.

• In January 2022, the acquisition of Luxx Lighting (US) by ScottsMiracle-Gro (US) greatly expanded The Hawthorne Gardening Company’s top lighting offering in the industry. It would help the business increase the range of products it offers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Hydroponics Market based on the below-mentioned segments:

Global Hydroponics Market, By Type

• Aggregate Systems
• Liquid Systems
• Others

Global Hydroponics Market, By Input

• Nutrients
• Grow Media
• Others

Global Hydroponics Market, By Farming Method

• Indoor
• Outdoor

Global Hydroponics Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

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