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Hydroponics Market by Systems (Aggregate systems, Liquid systems), by Crops (Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Others), by Area (Up to 1, 000 sq. ft., 1, 000-50, 000 sq. ft., Above 50, 000 sq. ft), by Farming Method (Indoor, Outdoor), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Hydroponics Market was valued at USD 5.2 Billion in 2023 and is projected to reach USD 9.20 Billion by 2032, with an expected CAGR of 8.5% during the forecast period. The Hydroponics Market is centered on the advancement and marketing of plants in an environment without soil, where nutrients are fed to the roots through water-based solutions. This market offers a range of hydroponic systems like NFT, DWC, aeroponics, and wick systems for growing vegetables, fruits, herbs, and flowers. The market is influenced by the growing need for sustainable farming methods, the necessity to maximize land usage in cities, and the increasing demand for food security in areas dealing with soil degradation or water scarcity. Hydroponics enables increased crop yields, quicker growth cycles, and continuous production throughout the year, with reduced water and land usage in comparison to conventional farming techniques. The increased demand for organic and locally produced food, along with improvements in hydroponic technology like automation, LED lighting, and climate control systems, is fueling the growth of the market even more. Consumers and farmers are increasingly turning to alternative farming methods like hydroponics to combat global issues such as food shortages, climate change, and sustainability, leading to significant growth in the Hydroponics Market.
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The hydroponics market size is projected to grow to USD 12.7 Billion by 2030, driven by the aforementioned factors. Key market players are investing in research, capacity expansion, and strategic partnerships to capture market share.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.5% from 2019-2033 |
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Note* : In applicable scenarios
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