The Asia Pacific Hydroponics Market would witness market growth of 19.7% CAGR during the forecast period (2021-2027).
Hydroponic farming techniques are becoming more popular as soil-grown crops become more difficult to cultivate. This can also be linked to the commercial hydroponics industry's increasing success rates in recent years. Businesses are conducting research and development to minimise the cost of this technology. The growing popularity of exotic vegetables and salads is helping to propel the worldwide hydroponics business forward.
Salad crops are also becoming more popular, and the growing demand for food security could propel worldwide market development. The key reason propelling the growth of the worldwide Hydroponics Market is changing inclinations for Hydroponics as a profit farming method. There are several constraints and hurdles that will stifle overall market expansion.
The vertical farming sector is expected to grow substantially in the near future, as there is a growing demand for organic foods. Furthermore, because these farms are made up of vertically stacked structures, they require less land and building activity. Furthermore, it reduces the amount of machine intervention necessary in traditional farming.
Vertical farms located within a building may produce a significant quantity of veggies for a large client base, increasing the segment's income. Furthermore, the building-based construction can support a wide range of crops, which helps to reduce cultivation costs due to economies of scale. In Japan, China, and other Asian nations, the building-based agricultural structure is widely adopted. Due to significant investments in new building-based farm sites, it is also considered one of the fastest-growing revenue areas.
Companies such as AeroFarms, Badia Farms, and Plenty Unlimited Inc. have the world's largest building-based vertical farms, and many more are planning to invest heavily in building-based large-scale farms. When compared to traditional outdoor agriculture, these farm owners mostly employ aeroponics to produce crops, resulting in a 90% reduction in water use.
The China market dominated the Asia Pacific Hydroponics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,171.3 million by 2027. The Japan market is estimated to grow at a CAGR of 19% during (2021 - 2027). Additionally, The India market would witness a CAGR of 20.6% during (2021 - 2027).
Based on Type, the market is segmented into Aggregate Systems and Liquid Systems. Based on Crops, the market is segmented into Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hydroponics Market is Projected to reach USD 13.4 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Argus Control Systems Limited, The Scotts Miracle-Gro Company, American Hydroponics, LumiGrow, Inc., Emerald Harvest, Hydroponic Systems International, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Signify N.V., and Heliospectra AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Aggregate Systems and
- Liquid Systems
By Crops
- Tomatoes
- Lettuce
- Peppers
- Cucumbers
- Herbs
- Fruits
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Argus Control Systems Limited
- The Scotts Miracle-Gro Company
- American Hydroponics
- LumiGrow, Inc.
- Emerald Harvest
- Hydroponic Systems International
- Hydrofarm Holdings Group, Inc.
- HydroGarden Ltd.
- Signify N.V.
- Heliospectra AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Hydroponics Market, by Type
1.4.2 Asia Pacific Hydroponics Market, by Crops
1.4.3 Asia Pacific Hydroponics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Hydroponics Market by Type
3.1 Asia Pacific Aggregate Systems Market by Country
3.2 Asia Pacific Liquid Systems Market by Country
Chapter 4. Asia Pacific Hydroponics Market by Crops Type
4.1 Asia Pacific Tomatoes Market by Country
4.2 Asia Pacific Lettuce Market by Country
4.3 Asia Pacific Peppers Market by Country
4.4 Asia Pacific Cucumbers Market by Country
4.5 Asia Pacific Herbs Market by Country
4.6 Asia Pacific Fruits Market by Country
4.7 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Hydroponics Market by Country
5.1 China Hydroponics Market
5.1.1 China Hydroponics Market by Type
5.1.2 China Hydroponics Market by Crops Type
5.2 Japan Hydroponics Market
5.2.1 Japan Hydroponics Market by Type
5.2.2 Japan Hydroponics Market by Crops Type
5.3 India Hydroponics Market
5.3.1 India Hydroponics Market by Type
5.3.2 India Hydroponics Market by Crops Type
5.4 South Korea Hydroponics Market
5.4.1 South Korea Hydroponics Market by Type
5.4.2 South Korea Hydroponics Market by Crops Type
5.5 Singapore Hydroponics Market
5.5.1 Singapore Hydroponics Market by Type
5.5.2 Singapore Hydroponics Market by Crops Type
5.6 Malaysia Hydroponics Market
5.6.1 Malaysia Hydroponics Market by Type
5.6.2 Malaysia Hydroponics Market by Crops Type
5.7 Rest of Asia Pacific Hydroponics Market
5.7.1 Rest of Asia Pacific Hydroponics Market by Type
5.7.2 Rest of Asia Pacific Hydroponics Market by Crops Type
Chapter 6. Company Profiles
6.1 Argus Control Systems Limited (Controlled Environments Limited)
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.2 The Scotts Miracle-Gro Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.3 American Hydroponics
6.3.1 Company Overview
6.4 LumiGrow, Inc.
6.4.1 Company Overview
6.5 Emerald Harvest
6.5.1 Company Overview
6.6 Hydroponic Systems International
6.6.1 Company Overview
6.7 Hydrofarm Holdings Group, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers:
6.8 HydroGarden Ltd.
6.8.1 Company Overview
6.9 Signify N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.10. Heliospectra AB
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Recent strategies and developments:
6.10.3.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Hydroponics Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Hydroponics Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Aggregate Systems Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Aggregate Systems Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Liquid Systems Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Liquid Systems Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Tomatoes Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Tomatoes Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Lettuce Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Lettuce Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Peppers Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Peppers Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Cucumbers Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Cucumbers Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Herbs Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Herbs Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Fruits Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Fruits Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Hydroponics Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Hydroponics Market by Country, 2021 - 2027, USD Million
TABLE 27 China Hydroponics Market, 2017 - 2020, USD Million
TABLE 28 China Hydroponics Market, 2021 - 2027, USD Million
TABLE 29 China Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 30 China Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 31 China Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 32 China Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 33 Japan Hydroponics Market, 2017 - 2020, USD Million
TABLE 34 Japan Hydroponics Market, 2021 - 2027, USD Million
TABLE 35 Japan Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 36 Japan Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 37 Japan Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 38 Japan Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 39 India Hydroponics Market, 2017 - 2020, USD Million
TABLE 40 India Hydroponics Market, 2021 - 2027, USD Million
TABLE 41 India Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 42 India Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 43 India Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 44 India Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 45 South Korea Hydroponics Market, 2017 - 2020, USD Million
TABLE 46 South Korea Hydroponics Market, 2021 - 2027, USD Million
TABLE 47 South Korea Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 48 South Korea Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 49 South Korea Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 50 South Korea Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 51 Singapore Hydroponics Market, 2017 - 2020, USD Million
TABLE 52 Singapore Hydroponics Market, 2021 - 2027, USD Million
TABLE 53 Singapore Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 54 Singapore Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 55 Singapore Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 56 Singapore Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 57 Malaysia Hydroponics Market, 2017 - 2020, USD Million
TABLE 58 Malaysia Hydroponics Market, 2021 - 2027, USD Million
TABLE 59 Malaysia Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 60 Malaysia Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 61 Malaysia Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 62 Malaysia Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 63 Rest of Asia Pacific Hydroponics Market, 2017 - 2020, USD Million
TABLE 64 Rest of Asia Pacific Hydroponics Market, 2021 - 2027, USD Million
TABLE 65 Rest of Asia Pacific Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 66 Rest of Asia Pacific Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 67 Rest of Asia Pacific Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 68 Rest of Asia Pacific Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 69 Key Information – Argus Control Systems Limited
TABLE 70 Key Information – The Scotts Miracle-Gro Company
TABLE 71 Key Information – American Hydroponics
TABLE 72 Key Information – LumiGrow, Inc.
TABLE 73 Key Information – Emerald Harvest
TABLE 74 Key Information – Hydroponic Systems International
TABLE 75 Key Information – Hydrofarm Holdings Group, Inc.
TABLE 76 Key Information – HydroGarden Ltd.
TABLE 77 Key Information – Signify N.V.
TABLE 78 key information – Heliospectra AB
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Hydrofarm Holdings Group, Inc.