Hydroponics Market: Retail & Industry Trends & Analysis

The study involved four major activities in estimating the market size for hydroponics. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Report Objectives:

  • To describe and forecast the hydroponics market, in terms of type, equipment, input, crop type, and region
  • To describe and forecast the hydroponics market, in terms of value, by region–Asia Pacific, Europe, North America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of hydroponics
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the hydroponics ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as acquisitions and divestments, expansions and investments, product launches and approvals, agreements, collaborations and partnerships in the hydroponics market

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Factors Influencing Global Industry Growth:

Growth in this market is driven by increasing research activity in the area of personalized medicine and drug discovery, increasing R&D expenditure by the pharmaceutical and biotechnology sector, and rising government funding for proteomics.


  • Higher Yield as Compared to Conventional Agriculture Practices
  • Controlled Environment Farming Helps Eliminate the Effect of External Factors on Crop Growth
  • Hydroponic Systems Help Conserve Natural Resources
  • Improved Yield and Higher Produce With Limited Land Resources
  • Lower Water Utilization as Against Conventional Farming Methods


  • High Capital Investment for Large-Scale Farms
  • Lack of Government Policy and Tax Breaks in Developing Countries


  • Development of Innovative Hydroponic Technologies
  • Entrance of New Players in the Hydroponics Market
  • Application of Hydroponics Systems in Restaurants and Grocery Stores
  • Significant Growth in Organic Food Demand
  • Increased Demand for Cannabis is Projected to Fuel the Demand for Hydroponics


  • High Prices of Hydroponically Grown Produce
  • Spread of Waterborne Diseases and Algae in Closed Systems

Industry’s Revenue Growth Expectations:

The hydroponics system market is projected to grow from USD 8.1 billion in 2019 to USD 16.0 billion by 2025, at a CAGR of 12.1%.

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Geographical Growth Scenario:

The European hydroponics market is projected to be the largest between 2019 and 2025, while the Asia Pacific market is projected to grow at the highest CAGR. Europe was the largest producer of hydroponic crops  in 2018. It is still the largest market for hydroponically produced crops. Europe has traditionally been at the forefront of implementing advanced techniques in hydroponic smart greenhouse horticulture. Countries such as the Netherlands, Spain, and France have large areas under greenhouse cultivation. However, in the Netherlands, growers mostly cultivate their plants in simple tunnel-like greenhouses without the use of climate control technologies. The advancement in greenhouse farming has supported the growth of hydroponics in Europe.

Leading Market Players:

  • Signify Holdings (Netherlands)
  • Argus Control Systems (Canada)
  • Heliospectra AB (Sweden)
  • Scotts Miracle Gro (US)
  • American Hydroponics (US)
  •  LumiGrow (US)