Hydroponic Plants Market size was valued at USD 5.6 Billion in 2024 and is forecasted to grow at a CAGR of 12.3% from 2026 to 2033, reaching USD 15.9 Billion by 2033.
The global hydroponic plants market was valued at approximately USD 9.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 10.5% from 2022 to 2030. The increasing demand for sustainable and soilless farming techniques is driving the market expansion. In North America, the market held a significant share, accounting for nearly 35% of the global revenue in 2022, driven by rising adoption of hydroponic systems in urban agriculture and vertical farming projects. Europe followed closely, capturing around 30% of the market share, with countries like the Netherlands, Spain, and France leading due to advanced technological adoption and government initiatives promoting sustainable agriculture. The Asia Pacific region exhibited the fastest growth, with a CAGR of approximately 12%, fueled by rising population, increasing food security concerns, and government support for modern farming practices, especially in China and India.
The Middle East and Africa (MEA) region also experienced notable growth, driven by the demand for water efficient farming methods in arid areas, with the market valued at around USD 1.2 billion in 2022. South America, although a smaller market, showed gradual adoption with Brazil and Argentina emerging as key contributors. The market’s expansion is further propelled by technological advancements, including automation, LED lighting, and nutrient film techniques (NFT), which enhance productivity and reduce resource consumption. Additionally, the increasing consumer preference for locally grown, pesticide free produce is driving the hydroponic retail segment, creating new opportunities for market participants. The adoption of controlled environment agriculture (CEA) practices is expected to further boost the market in the coming years.
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Modouyu Gardening
Dongguan Qishi Qixin
Zhejiang Lvye Xianzong Ecological Agriculture Development
China Hualu Panasonic AVC Networks
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydroponic Plants Market
Aggregate Systems
Liquid Systems
LED Grow Lights
Pumps and Drippers
Water Reservoirs
Growth Chambers
Others
Vegetables
Fruits
Herbs
Flowers
Drip System
Ebb and Flow System
Nutrient Film Technique (NFT)
Deep Water Culture (DWC)
Wick System
Aeroponics
Commercial
Residential
Research and Educational Institutes
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydroponic Plants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydroponic Plants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydroponic Plants Market, By Type
6. Global Hydroponic Plants Market, By Application
7. Global Hydroponic Plants Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydroponic Plants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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