Impact of COVID-19: Hydroponics Market is projected to reach a value of over USD 16.6 billion by 2027 at a CAGR of around 10.2%.

DataBridge Market Research
5 min readOct 15, 2020


Hydroponics MARKET: Summary

The Global Hydroponics Market is projected to reach a value of over USD 16.6 billion by 2027 at a CAGR of around 10.2%.

Hydroponics is a traditional plant growing method by using mineral nutrient solutions in a water instead of soil. Hydroponics used to grow crops where the soil is unsuitable. Currently, hydroponic cultivation is gaining popularity across the globe due to efficient resources management and quality food production. It has several advantages which includes faster growth of crops, increased crop yield, less water consumption than soil-grown crops, minimal disease while eliminating pest incidence and weeding, spraying, and watering.

Hydroponics MARKET: Drivers & CHALLENGES

Market Driver:

  • High Yield and Faster Growth of Crops

World’s population is projected to reach 9.7 billion by 2050. At the same time, it has been expected that 50% of the arable land around the world will be unusable for farming. As the world population grows, the demand for food products grow as well. Due to the growing demand, there will be an expected food crisis in the coming years. To prevent future food crises, different farming methods and sources of food must be used. Many innovative systems have been developed that replace the traditional gravel-filled bed, and hydroponics is one of the best among them. The hydroponic method controlling the environmental factors such as temperature, oxygen, and carbon dioxide levels, root saturation, and water nutrient contents, is the prime factor, that affects plant growth. Plants are getting the sustenance they need and can, therefore, grow better.

Thus, high yield and faster growth of crops is the key factor thet help to boost the market growth during the forecast period.

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Market Restraint:

  • Initial Cost Is Higher Than the Soil Culture

Cost is the only major restraining factor towards the growth of the hydroponic market. The upfront, as well as operational cost, tend to be higher for hydroponics than they are for normal soil gardens. Apart from the soil, the installation of a growing system along with substrates, control systems, and LED lighting are some components that directly increase the initial cost of the hydroponic system.

Hydroponics market: Key segments

  • Segmentation based on system: Wick, Deep Water Culture, Ebb & Flow, NFT (Nutrient Film Technique), Drip, Aeroponics, and Aquaponics.
  • Segmentation based on equipment: HVAC, LED Grow Light, Control Systems, Irrigation Systems and Others.
  • Segmentation based on the growing substrates: Grow Media and Nutrients.
  • Segmentation based on crop type: Vegetables, Fruits, Flowers and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

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Hydroponics MARKET: Report SCOPE

The report on the Hydroponics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedSystem, Equipment, Growing Substrates, and Crop TypeRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, and South Africa

KEY Companies Covered

  • Signify Holding (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Heliospectra AB
  • The Scotts Company LLC
  • Argus Control Systems Limited.
  • Hydroponic Systems
  • Hydrodynamics International
  • Advanced Nutrients
  • HydroGarden Ltd
  • Autogrow
  • ESPEC MIC Corp.
  • AeroFarms
  • Triton Foodworks
  • Freight Farms
  • Other Key Companies

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Hydroponics MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Hydroponics Market, by System

  • Wick
  • Deep Water Culture
  • Ebb & Flow
  • NFT (Nutrient Film Technique)
  • Drip
  • Aeroponics
  • Aquaponics

Hydroponics Market, by Equipment

  • HVAC
  • LED Grow Light
  • Control Systems
  • Irrigation Systems
  • Others

Hydroponics Market, by Growing Substrates

  • Grow Media
  • Rockwool
  • Oasis cubes
  • Expanded Clay
  • Coconut Fiber
  • Perlite
  • Vermiculite
  • Others
  • Nutrients
  • NPK
  • Trace Minerals
  • Others

Hydroponics Market, by Crop Type

  • Vegetables
  • Tomatoes
  • Cucumbers
  • Peppers
  • Others
  • Fruits
  • Flowers
  • Others

Hydroponics Market, by Region

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

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 Global Bioinsecticides Market By System, Market Size In Usd Million (2019–2027)

7 Global Bioinsecticides Market By Equipment, Market Size In Usd Million (2019–2027)

8 Global Bioinsecticides Market By Growing Substrates, Market Size In Usd Million (2019–2027)

9 Global Bioinsecticides Market By Crop Type, Market Size In Usd Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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