Hydroponics Market is to Touch $9.3 Billion by 2030; fueled by growing demand in industries such as personal care, home care, and industrial cleaning. This growth is further supported by increasing consumer awareness of sustainable agriculture practices and the rising popularity of locally sourced food, which drive innovations in hydroponics technologies to enhance efficiency and sustainability in food production.

The Hydroponics Market size is estimated to reach $9.3 billion by 2030, growing at a CAGR of 12.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Hydroponics Market – By Equipment: (Growing Chamber, Submersible Pump, Reservoir, Delivery system, Growing, LED Lights, Others), By Crop: (Vegetables, Fruits, Flowering and Foliage, Herbs and Others), By Types: (Wick System, Ebb & Flow/Flood & Drain System, Nutrient Film Technique (NFT), Water Culture, Drip system, Aeroponic system), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”. The increasing adoption of Hydroponics in sustainable agriculture and controlled-environment farming, coupled with its expanding use in urban gardening and commercial greenhouse operations, is driving substantial growth in the Hydroponics market.

APAC held the prominent share of the global hydroponics market, estimated at more than 39% market share, in 2023. The region encompasses a vast and diverse range of climates and agricultural landscapes, ranging from tropical to temperate regions. This diversity allows for the cultivation of a wide variety of crops using hydroponic techniques. In areas with limited arable land or challenging environmental conditions, such as urban areas or mountainous regions, hydroponics offers a viable solution for year-round crop production. Hydroponic farming allows growers to produce high-quality, premium crops that meet international standards and command competitive prices in export markets.

The growing adoption of hydroponics in vertical farming is boosting demand for nutrient-rich solutions that optimize plant growth in controlled environments. Hydroponic systems allow farmers to grow plants without soil, using mineral nutrient solutions in water. As urban agriculture expands, particularly in densely populated areas, hydroponic systems are becoming the preferred method for cultivating crops due to their ability to yield higher productivity in limited space. This trend is expected to drive significant market growth as cities adopt sustainable agriculture solutions to meet food supply challenges. 

With rising concerns over global water shortages, hydroponic systems are gaining popularity as a water-efficient alternative to traditional farming methods. These systems use significantly less water than soil-based agriculture by recirculating the nutrient solution, making them ideal for regions facing droughts or limited freshwater resources. The growing awareness of water conservation and sustainability is driving the adoption of hydroponic systems, positioning them as a critical technology for future agricultural practices focused on reducing water consumption while maintaining high crop yields.

 

Key companies profiled in the Hydroponics Market are Agri-Plas, Inc., AmHydro, Cropking Incorporated and others.