Hydroponics Market Share, Trends, Analysis and Future Outlook 2034
Hydroponics Market Growth, Size, Trends Analysis - By Type, By Crop Type, By Crop Area - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: AGRI2509 | Pages: 1 - 225 | Formats*: |
| Category : Agriculture | |||
Hydroponics Market Introduction and Overview
According to SPER Market Research, the Global Hydroponics Market is estimated to reach USD 18.53 billion by 2034 with a CAGR of 12.65%.
The report includes an in-depth analysis of the Global Hydroponics Market, including market size and trends, product mix, Applications, and supplier analysis. The global hydroponics market was valued at USD 5.63 billion in 2024, with an expected growth rate of 12.65% annually from 2025 to 2034. This growth is driven by the increasing use of hydroponic systems for indoor vegetable farming. There is also a rise in alternative farming methods for cannabis due to marijuana legalization in countries like Canada and South Africa. Consumers are becoming more aware of the negative health effects of pesticides, which boosts demand for hydroponics as it avoids these chemicals. Additionally, low installation costs and ease of operation will further promote hydroponic adoption.
By Type Insights
The market is divided into liquid systems and aggregate systems based on kind. Since aggregate systems are easy to use and support plant growth using inert and solid media like peat, rock wool, vermiculite, sand, sawdust, perlite, or coconut coir, they were the segment with the highest revenue share in 2024. This segment's prominence is further reinforced by the use of important technologies including wick systems, ebb and flow systems, and drip systems.
By Crop Type Insights
The market is divided into segments based on crop type, including tomatoes, lettuce, peppers, cucumbers, herbs, and others. The tomatoes section had the highest revenue share in 2024. Tomatoes are the most widely cultivated hydroponic crop in the world, owing to its high growth rate and much lower water requirements than traditionally farmed tomatoes. For hydroponic tomato cultivation, indoor farmers often use growing materials like rock wool, perlite, or coconut coir.
 
By Crop Area Insights
The above 50,000 sq. ft. crop area segment is expected to greatly boost global market revenue. Larger crop areas allow farmers to grow various high-quality products. Installing several hydroponic systems together increases productivity, while advanced machinery improves efficiency and profits. Hydroponic systems also conserve water, reducing waste compared to traditional farming. This scalability and efficiency make hydroponics appealing for large farms.
Regional Insights
Asia Pacific led the hydroponics market and held the largest revenue share in 2024, mainly due to the strong adoption of hydroponics in China, Australia, South Korea, and similar countries. The market in China and India is predicted to grow significantly during the forecast period because of new urban hydroponic farms. China is expected to have a major revenue share in the Asia Pacific hydroponics market, with notable growth driven by urbanization, demand for quality produce, and sustainable practices. India is also likely to share a significant revenue in the market as it modernizes its agriculture to tackle food security and sustainability issues.
Market Competitive Landscape
Top companies play a crucial role in driving market growth through innovation and research. They invest in developing hydroponic technology to improve efficiency, use fewer resources, and increase crop yields. Their focus on sustainability appeals to a global audience concerned about food security and the environment, leading to more interest in hydroponics. These companies also engage in educational efforts and partnerships to raise awareness about hydroponic solutions among growers and communities, enhancing acceptance and adoption of this farming method.
Recent Developments:
- In February 2024, LettUs Grow unveiled an aeroponic technology partner program aimed at broadening its hydroponics farming regional reach and global presence. This effort aims to increase the global benefits of aeroponics through collaboration with greenhouse and Controlled Environment Agriculture (CEA) supply chain and delivery partners.
- Growee, an Israeli hydroponics startup, launched into the United States in June 2023, constructing a distribution centre in Florida to target North American micro-hydroponic producers. This trend demonstrates a rising interest in sustainable farming practices and local food production, particularly in urban areas.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Crop Type, By Crop Area |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | AeroFarms, AmHydro, Argus Control Systems Limited, Emirates Hydroponics Farms, Freight Farms, Inc, BrightFarms, Heliospectra, Signify Holding, Nutrifresh India, UrbanKisaan. |
Key Topics Covered in the Report
- Global Hydroponics Market Size (FY’2021-FY’2034)
- Overview of Global Hydroponics Market
- Segmentation of Global Hydroponics Market By Type (Aggregate Systems, Liquid Systems)
- Segmentation of Global Hydroponics Market By Crop Type (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others)
- Segmentation of Global Hydroponics Market By Crop Area (Upto 1000 sq.ft, 1000-50000 sq.ft, Above 50000 sq.ft)
- Statistical Snap of Global Hydroponics Market
- Expansion Analysis of Global Hydroponics Market
- Problems and Obstacles in Global Hydroponics Market
- Competitive Landscape in the Global Hydroponics Market
- Details on Current Investment in Global Hydroponics Market
- Competitive Analysis of Global Hydroponics Market
- Prominent Players in the Global Hydroponics Market
- SWOT Analysis of Global Hydroponics Market
- Global Hydroponics Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Hydroponics Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Hydroponics Market
7. Global Hydroponics Market, By Type (USD Million) 2021-2034
- 7.1. Aggregate Systems
- 7.1.1. EBB & Flow Systems
- 7.1.2. Drip Systems
- 7.1.3. Wick Systems
- 7.2. Liquid Systems
- 7.2.1. Deep Water Culture
- 7.2.2. Nutrient Film Technique (NFT)
- 7.2.3. Aeroponics
8. Global Hydroponics Market, By Crop Type (USD Million) 2021-2034
- 8.1. Tomatoes
- 8.2. Lettuce
- 8.3. Peppers
- 8.4. Cucumbers
- 8.5. Herbs
- 8.6. Others
9. Global Hydroponics Market, By Crop Area (USD Million) 2021-2034
- 9.1. Upto 1000 sq.ft.
- 9.2. 1000-50000 sq.ft.
- 9.3. Above 50000 sq.ft
10. Global Hydroponics Market, (USD Million) 2021-2034
- 10.1. Global Hydroponics Market Size and Market Share
11. Global Hydroponics Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. AeroFarms
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. AmHydro
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Argus Control Systems Limited
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Emirates Hydroponics Farms
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Freight Farms, Inc
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. BrightFarms
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Heliospectra
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Signify Holding
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Nutrifresh India
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. UrbanKisaan
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Hydroponics Market is projected to reach USD 18.53 billion by 2034, growing at a CAGR of of 12.65% during the forecast period.
Hydroponics Market grew in Market size from 2025. The Market is expected to reach USD 18.53 billion by 2034, at a CAGR of 12.65% during the forecast period.
Hydroponics Market CAGR of 12.65% during the forecast period.
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Hydroponics Market size is USD 18.53 billion from 2025 to 2034.
Hydroponics Market is covered By Type, By Crop Type, By Crop Area
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
AeroFarms, AmHydro, Argus Control Systems Limited, Emirates Hydroponics Farms, Freight Farms, Inc, BrightFarms, Heliospectra, Signify Holding, Nutrifresh India, UrbanKisaan.
The report includes an in-depth analysis of the Global Hydroponics Market, including market size and trends, product mix, Applications, and supplier analysis.
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