HYDROPONICS MARKET ANALYSIS

Hydroponics Market, By Equipment (HVAC, Communication Technology, LED Grow Light, Irrigation System, Material Handling, Control System, and Others), By Type (Aggregate systems, Ebb & flow systems, Drip systems, Wick systems, Liquid systems, Deep water culture , Nutrient film technique (NFT), and Aeroponics), By Crop Type (Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper, Fruits, and Others), By Input Type (Nutrients, NPK, Trace minerals, Other nutrients, Grow media, Rockwool, Perlite & vermiculite, Coco fiber, and Other grow media), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI1001
Pages :120
Formats :
Excel and PDF
Industry : Agrochemicals

Regional Analysis

Hydroponics Market Regional Insights

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North America has established itself as the dominant region in the global hydroponics market. With the extensive adoption of hydroponic farming practices across different application sectors such as indoor and outdoor farming, the region accounts for over 35% of the worldwide hydroponics market share. The U.S. alone captures close to 30% of the global market owing to the large-scale commercial production of high-value crops through hydroponics. Farmers in the region have widely adopted sophisticated hydroponic greenhouse systems to cultivate crops throughout the year without being dependent on seasonal variations or climatic conditions.

Apart from the existing mature markets, Asia Pacific has emerged as a high-growth hotspot in the global industry. The ASEAN region has seen massive increase in indoor hydroponic farming to fulfill the rising demand for fresh produce from densely populated cities. Countries like Thailand, Malaysia, and Indonesia are attracting major investments from leading equipment manufacturers to tap into the fast-evolving urban agriculture trend. The adoption of hydroponics is mainly driven by the need to optimize limited land resources and explore new revenue streams from high-value organic crops. Thai hydroponic farmers have particularly focused on herbs, leafy vegetables, and organic strawberries for both domestic consumption and exports to Western markets.