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Hydroponics Market Share

Report ID: GMI8423
Published Date: Mar 2024
Report Format: PDF

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Hydroponics Market Share

Infarm and Signify Holding hold over 20% of the market share in the hydroponics industry. Companies in the hydroponics industry employ several key strategies to enhance their market foothold. Infarm invests in research and development to innovate new hydroponic technologies and systems. Embrace advancements in automation, sensor technologies, and data analytics to improve efficiency and productivity. Also, the company develops tailored hydroponic solutions for commercial clients such as restaurants, grocery stores, or food service providers. Offering customized packages and services attract larger-scale customers.

Signify Holding partners with other companies, research institutions, or agricultural organizations to leverage complementary expertise, share knowledge, and jointly develop solutions for the market. The company increases production capacity by expanding hydroponic farming facilities. This could involve establishing new vertical farms, greenhouses, or partnering with existing facilities to reach a broader market.

Hydroponics Market Companies

Major players operating in the global market are:

AeroFarms
AmHydro
AppHarvest, Inc.
Argus Control Systems Limited
BrightFarms
Emirates Hydroponics Farms
Freight Farms, Inc.
Heliospectra
Infarm
Signify Holding

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Market size for hydroponics was USD 5.2 billion in 2023 and is expected to register over 8.5% CAGR from 2024-2032 owing to the governments increasingly incentivize hydroponic farming through subsidies, grants, and policy support worldwide.

Hydroponics industry from the aggregate systems segment held over 57% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to offering versatile and efficient growing mediums.

Asia Pacific industry acquired over 37% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the rapid adoption of hydroponic farming methods in the region.

AeroFarms, AmHydro, AppHarvest, Inc., Argus Control Systems Limited, BrightFarms, Emirates Hydroponics Farms, Freight Farms, Inc., Heliospectra, Infarm, and Signify Holding, are some of the major hydroponics companies worldwide.