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[ 英語タイトル ] Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, and Region – Global Forecast to 2025


Product Code : MNMAG00106755
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Global
Report format : PDF
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[Report Description]

“The emergence of aquaponics and aeroponics has provided new growth opportunities for hydroponics at a global level”

The hydroponics market is estimated at USD 8.1 billion in 2019 and projected to grow at a CAGR of 12.1% to reach USD 16.0 billion by 2025. The growth of the hydroponics market is driven by higher yields compared to conventional agriculture methods in limited land and other resources, which has had a profound impact in demand for hydroponics. Hydroponic systems are a combination of multiple technologies and hence encompass a specific set of system models.
“The liquid system segment, by type, dominated the market with the largest share in 2019.”
On the basis of type, the hydroponics market is classified into liquid systems and aggregate systems. Liquid hydroponic systems can be effective for fast growth and large yield since plants have direct access to oxygen and food in the form of functional mineral compound. These systems are most preferred in the developed countries for crop production and have huge growth potential in the future. Moreover, systems such as DWC and NFT have been studied for application in hybrid farming, combining aquaculture with hydroponics. Being compact in structure, these systems can be easily stacked vertically to support a vertical farming system.
“The vegetables segment is estimated to account for the largest share in 2019.”
Based on the crop type, the vegetables segment is estimated to hold the dominant share in the hydroponics market. Vegetables that can be grown hydroponically include tomatoes, leafy greens, cucumbers, and peppers, which include microgreens and baby greens. Considering the use of the proper system, a wide variety of plants can be grown hydroponically. Vegetables that are grown using hydroponics are known to grow faster and stronger compared to traditional farming, as the right nutrients are delivered directly to the plants’ roots. The requirements for growing vegetables indoors in a hydroponic unit can be met with the help of grow lights, air ventilation, and recirculation systems, along with the right nutrients for water. Hydroponically grown plants are known to retain their full nutritive value and are equal or in certain cases superior to conventionally-grown vegetables.

“The nutrients segment, by input, holds the dominant market share in the hydroponics market.”
Based on input, the nutrients segment is projected to hold the largest market share between 2019 and 2025. Nutrients are one of the basics of hydroponic systems, as they cater to the nutritional requirement of the plant. There are two major types of nutrients used in hydroponics—macronutrients, and micronutrients. Hydroponics help growers to take complete control over the implementation of fertilizers, in terms of type and concentration, which makes it a favored input in hydroponics. During the application of nutrients, nutrient concentration to suffice plant needs at every growth phase and EC strength at the stage of growth must be monitored.


“High growth is projected in the Asia Pacific hydroponics market.”
The Asia Pacific market is projected to be the fastest-growing market for the period considered for this study due to the strong potential for growth, given the increasing population, which results in the demand for food, especially in countries such of China and India. The increasing instances of droughts, floods, and other natural disasters in countries such as India, China, and Japan have raised concerns over food security. This prompted the growth of indoor hydroponic agriculture in the country, whose influence is now expanding across the cities and the countryside. China is projected to be the fastest-growing market for hydroponic farming in the region and has displayed notable growth potential. The increasing government initiatives and decreasing pockets of arable land in the country are expected to favor the growth of hydroponic farming in the region over the next five years.
Break-up of Primaries:
 By Company Type: Tier 1 - 20%, Tier 2 - 40%, and Tier 3 - 40%
 By Designation: D-Level - 30 %, C-Level - 20%, and Others* - 50%
 By Region: Asia Pacific – 30%, Europe - 40%, North America - 20%, %, and RoW** - 10%

*Others include sales managers, marketing managers, and product managers.
**RoW includes South Africa, UAE, Brazil, and Israel.
Leading players profiled in this report:
System input companies:
• Signify Holdings (Netherlands)
• Argus Control Systems (Canada)
• Heliospectra AB (Sweden)
• Scotts Miracle Gro (US)
• American Hydroponics (US)
• LumiGrow (US)
Hydroponic crop producers:
• AeroFarms (US)
• Terra Tech Corp (US)
• Triton Foodworks (India)
• Freight Farms (US)
• Green Sense Farms (US)
• Emirates Hydroponic Farm (Dubai)
Research Coverage:
The report segments the hydroponics market on the basis of type, equipment, input, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global hydroponics, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
• To get a comprehensive overview of the hydroponics market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the hydroponics market is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 18
1.3 STUDY SCOPE 18
1.4 REGIONAL SEGMENTATION 20
1.5 PERIODIZATION CONSIDERED 20
1.6 CURRENCY CONSIDERED 21
1.7 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.2 PRIMARY DATA 24
2.1.2.1 Key industry insights 24
2.1.2.2 Breakdown of primary interviews 25
2.2 MARKET SIZE ESTIMATION 25
2.3 DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS 29
2.5 LIMITATIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 36
4.1 OPPORTUNITIES IN THE HYDROPONICS MARKET 36
4.2 HYDROPONICS SYSTEMS MARKET, BY TYPE 37
4.3 EUROPE: HYDROPONIC CROPS MARKET 37
4.4 HYDROPONIC INPUT MARKET, BY INPUT & REGION 38
4.5 HYDROPONICS CROP MARKET, BY KEY COUNTRY 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 39
5.2 MACROECONOMIC INDICATORS 40
5.2.1 INCREASING POPULATION 40
5.2.2 INCREASING RATES OF URBANIZATION AND DECLINE IN ARABLE LAND 41
5.3 MARKET DYNAMICS 43
5.3.1 DRIVERS 44
5.3.1.1 Higher yield as compared to conventional agriculture practices 44
5.3.1.2 Controlled environment farming helps eliminate the effect of external factors on crop growth 44
5.3.1.3 Hydroponic systems help conserve natural resources 46
5.3.1.3.1 Improved yield and higher produce with limited land resources 46
5.3.1.3.2 Lower water utilization as against conventional farming methods 46
5.3.2 RESTRAINTS 46
5.3.2.1 High capital investment for large-scale farms 46
5.3.2.2 Lack of government policy and tax breaks in developing countries 47
5.3.3 OPPORTUNITIES 48
5.3.3.1 Development of innovative hydroponic technologies 48
5.3.3.2 Entrance of new players in the market 48
5.3.3.3 Application of hydroponics systems in restaurants and grocery stores 49
5.3.3.4 Significant growth in organic food demand 49
5.3.3.5 Increased demand for cannabis is projected to fuel the demand for hydroponics 51
5.3.4 CHALLENGES 51
5.3.4.1 High prices of hydroponically grown produce 51
5.3.4.2 Spread of waterborne diseases and algae in closed systems 52
5.4 PATENT ANALYSIS 52
6 HYDROPONICS MARKET, BY TYPE 55
6.1 INTRODUCTION 56
6.2 AGGREGATE SYSTEMS 57
6.2.1 THE EBB AND FLOW SYSTEM 58
6.2.1.1 Ebb and flow systems are majorly operated for berry production in the developing countries 58
6.2.2 DRIP SYSTEM 59
6.2.2.1 The drip system is the most water-efficient irrigation technique in crop cultivation 59
6.2.3 WICK SYSTEM 60
6.2.3.1 The demand for wick systems has been diminishing with the emergence of the ebb and flow aggregate systems 60
6.3 LIQUID HYDROPONIC SYSTEMS 60
6.3.1 DEEP WATER CULTURE 62
6.3.1.1 The concept of hybrid farming has propelled the growth opportunities for deep water culture systems 62
6.3.2 NUTRIENT-FILM TECHNIQUE (NFT) 62
6.3.2.1 Highly preferred hydroponic systems for vegetable cultivation across the globe 62
6.3.3 AEROPONICS 63
6.3.3.1 The high cost of these systems has been restricting its adoption 63

7 HYDROPONICS MARKET, BY EQUIPMENT 65
7.1 INTRODUCTION 66
7.2 HVAC 67
7.2.1 VARIOUS REGIONAL CLIMATES AND INCREASING ADOPTION OF URBAN FARMING DRIVES THE DEMAND FOR HVAC SYSTEMS 67
7.3 LED GROW LIGHT 68
7.3.1 LED GROW LIGHT IS ONE OF THE HIGH-COST EQUIPMENT IN A HYDROPONIC SYSTEM 68
7.4 CONTROL SYSTEMS 68
7.4.1 INCREASING SCOPE FOR AUTOMATION AND SMART FARMING IS PROJECTED TO CREATE GROWTH OPPORTUNITIES FOR CONTROL SYSTEMS 68
7.5 IRRIGATION SYSTEMS 69
7.5.1 DECREASING ARABLE LAND AND FOCUS ON URBAN HYDROPONIC FARMING TO DRIVE THE DEMAND FOR IRRIGATION SYSTEMS 69
7.6 MATERIAL HANDLING 69
7.6.1 INCREASING FOCUS ON SHORTENING THE SUPPLY CHAIN THROUGH FARM-TO-FORK CONCEPT TO DRIVE THE DEMAND FOR MATERIAL HANDLING SYSTEMS 69
7.7 OTHERS 69
8 GLOBAL HYDROPONICS MARKET, BY INPUT 70
8.1 INTRODUCTION 71
8.2 NUTRIENTS 72
8.2.1 NPK 73
8.2.1.1 NPK nutrients are the most essential nutrients provided in all hydroponic systems irrespective of crop grown 73
8.2.2 TRACE MINERALS 73
8.2.2.1 Emergence of organic farming in hydroponics might affect the demand for trace minerals 73
8.2.3 OTHERS 73
8.3 GROW MEDIA 73
8.3.1 ROCKWOOL 74
8.3.1.1 Rockwool is majorly used as a support for plant growth in hydroponic systems 74
8.3.2 PERLITE & VERMICULITE 74
8.3.2.1 Perlite & vermiculite are used in conjunction with coco peat during the nursery stage of any crop 74
8.3.3 COCO FIBER 74
8.3.3.1 Low cost of coco fiber has been driving the demand in developing countries 74
8.3.4 OTHERS 75

9 HYDROPONICS MARKET, BY CROP TYPE 76
9.1 INTRODUCTION 77
9.2 VEGETABLES 78
9.2.1 TOMATO 79
9.2.1.1 Over 90% of the greenhouse tomatoes produced in Canada and the Netherlands are grown hydroponically 79
9.2.2 LEAFY GREENS 80
9.2.2.1 Hydroponic and indoor grown lettuce account for around 4-5% of the US lettuce production 80
9.2.3 CUCUMBER 80
9.2.3.1 Hydroponic cultivation of cucumbers have been increasing in North American countries 80
9.2.4 PEPPERS 81
9.2.4.1 Turkey has witnessed an exponential growth in pepper production hydroponically over the past 10 years 81
9.2.5 OTHERS 81
9.3 FRUITS 81
9.3.1 RISE IN DEMAND AND YEAR-LONG HARVEST BENEFITS SUPPLEMENT HYDROPONIC FRUIT GROWTH 81
9.4 FLOWERS 82
9.4.1 HYDROPONIC ADOPTION FOR FLOWERS HAS BEEN THE HIGHEST IN THE NETHERLANDS 82
9.5 OTHERS 83
10 HYDROPONIC MARKET, BY REGION 84
10.1 INTRODUCTION 85
10.2 NORTH AMERICA 87
10.2.1 US 90
10.2.1.1 Hydroponic lettuce production accounts 4-5% of the total lettuce produced in the country 90
10.2.2 CANADA 91
10.2.2.1 Tomatoes are widely grown in Canada using hydroponic techniques 91
10.2.3 MEXICO 92
10.2.3.1 Tomatoes are grown in almost 70% of the Mexican greenhouse area of vegetables 92
10.3 EUROPE 94
10.3.1 NETHERLANDS 98
10.3.1.1 Hi-tech agricultural practices in the Netherlands supports the growth of hydroponics in the country 98
10.3.2 SPAIN 99
10.3.2.1 Use of hydroponics in Almeria drives the overall hydroponic market in Spain 99
10.3.3 ITALY 100
10.3.3.1 Sustainability is the major concern for Italian agriculture 100

10.3.4 FRANCE 101
10.3.4.1 France still focuses on traditional farming practices 101
10.3.5 POLAND 102
10.3.5.1 Poland shows a high potential for greenhouse and hydroponics in the near future 102
10.3.6 TURKEY 103
10.3.6.1 Increasing protected cultivation supports the growth of hydroponics in Turkey 103
10.3.7 REST OF EUROPE 104
10.4 ASIA PACIFIC 105
10.4.1 CHINA 109
10.4.1.1 Increase in population and government intervention drives initiatives for hydroponic adoption in China 109
10.4.2 INDIA 110
10.4.2.1 High rates of urbanization and increase in demand for food to bolster support for hydroponic farming in India 110
10.4.3 JAPAN 112
10.4.3.1 Increased concerns over lowering the cost of leafy greens by mass production have led to the adoption of hydroponics system in the country 112
10.4.4 AUSTRALIA & NEW ZEALAND 113
10.4.4.1 Harsh climatic conditions and freshwater scarcity supplement growth of hydroponic vegetables in Australia & New Zealand 113
10.4.5 SOUTH KOREA 115
10.4.5.1 Small agriculture field size has led to increased adoption of hydroponics in the region 115
10.4.6 REST OF ASIA PACIFIC 116
10.5 ROW 117
10.5.1 BRAZIL 120
10.5.1.1 High adoption rate of indoor farming is projected to increase the demand for hydroponics in the country 120
10.5.2 SOUTH AFRICA 121
10.5.2.1 Increased government initiatives are projected to drive the demand for hydroponics in Africa 121
10.5.3 ISRAEL 122
10.5.3.1 Innovations in hydroponic technologies to drive hydroponics adoption in Israel 122
10.5.4 UAE 123
10.5.4.1 Lack of food security and increasing imports drives the demand for hydroponic in the UAE 123
10.5.5 OTHERS 124

11 COMPETITIVE LANDSCAPE 125
11.1 OVERVIEW 125
11.2 COMPETITIVE LEADERSHIP MAPPING 126
11.2.1 DYNAMIC CAPITALIZERS 126
11.2.2 INNOVATORS 126
11.2.3 VISIONARY LEADERS 126
11.2.4 EMERGING COMPANIES 126
11.3 COMPETITIVE LEADERSHIP MAPPING (FOR CROP PRODUCERS) 129
11.3.1 PROGRESSIVE COMPANIES 129
11.3.2 STARTING BLOCKS 129
11.3.3 RESPONSIVE COMPANIES 129
11.3.4 DYNAMIC COMPANIES 129
11.4 COMPETITIVE SCENARIO 131
11.4.1 NEW PRODUCT LAUNCHES 131
11.4.2 EXPANSIONS & INVESTMENTS 132
11.4.3 ACQUISITIONS 133
11.4.4 PARTNERSHIPS 134
12 COMPANY PROFILES 135
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 SYSTEM INPUT COMPANIES 135
12.1.1 SIGNIFY HOLDING 135
12.1.2 HELIOSPECTRA AB 138
12.1.3 SCOTTS MIRACLE GRO 141
12.1.4 ARGUS CONTROL SYSTEMS 145
12.1.5 LOGIQS B.V. 147
12.1.6 LUMIGROW 148
12.1.7 HYDROPONIC SYSTEM INTERNATIONAL 150
12.1.8 HYDRODYNAMICS INTERNATIONAL 151
12.1.9 AMERICAN HYDROPONICS 152
12.1.10 ADVANCED NUTRIENTS 153
12.1.11 EMERALD HARVEST 154
12.1.12 VITALINK 155
12.2 HYDROPONIC CROP PRODUCERS 156
12.2.1 AEROFARMS 156
12.2.2 TERRA TECH CORP 158
12.2.3 TRITON FOODWORKS PVT. LTD. 160
12.2.4 FREIGHT FARMS 161
12.2.5 GREEN SENSE FARMS 162
12.2.6 EMIRATES HYDROPONIC FARM 163
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies
13 APPENDIX 164
13.1 DISCUSSION GUIDE 164
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 167
13.3 AVAILABLE CUSTOMIZATIONS 169
13.4 RELATED REPORTS 169
13.5 AUTHOR DETAILS 170

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