The Asia-Pacific hydroponics market size is expected to reach USD 109.50 million in 2024 and reach USD 238.03 million by 2029, growing at a CAGR of 16.8% from 2024 to 2029.
Hydroponics is a part of hydroculture where plants are developed with their roots suspended specifically into the water with no soil. This is a kind of hydroponic cultivation known as N.F.T. and it is an extremely well-known method for developing plants hydroponically.
One of the important drivers is that hydroponics gives a higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
16.8% |
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Segments Covered |
By Equipment, Type, Crop Type, Input Type, Aggregate Hydroponics Systems, Liquid Hydroponic Systems, Closed Systems |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
India, China, Japan, South Korea and Australia, South Africa, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of Asia – Pacific. |
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Market Leaders Profiled |
Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc. |
HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.
Asia-Pacific market is increasing at a significant CAGR during the forecast period owing to its large population and high cultivable lands in countries like India and China.
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.
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