Hydroponic Nutrients Market Size, Share, Opportunities, And Trends By Nutrient (Nitrogenous, Phosphatic, Potassic, Micronutrients), By Type (Synthetic, Organic), By Crop Type (Tomato, Cucumber, Leafy Greens, Pepper, Strawberries, Other Crops), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615395
- Pages : 145
Hydroponic farming systems lack soil therefore they rely heavily on nutrient solutions to supply the critical micronutrients that plants require. Hydroponic fertilizers contain all the essential elements required by plants for their overall development which makes them ideal for gardening and indoor farming practices. Some of the basic micro and macronutrients added to hydroponic nutrient solutions include carbon, hydrogen, oxygen, nitrogen, phosphorus, potassium and sulfur.
The rising popularity of alternative farming techniques such as hydroponics is one of the key factors driving the growth of the hydroponics nutrients market. Furthermore, pesticide and chemical-free food products are driving the market growth during the projection period. High installation & maintenance cost in hydroponic farming and a lack of knowledge among farmers is obstructing the hydroponic nutrient market. According to the analysis, North America and the Asia Pacific region are anticipated to hold a significant share of the hydroponic nutrients market due to a lack of agricultural resources.
During the anticipation period, the rising popularity of hydroponic farming techniques will support the growth of the global hydroponics nutrients market.
Plants are grown in hydroponics without soil using a water-based fertilizer solution. Small farmers, amateurs, and business companies all employ hydroponic production systems. Many different organic or inorganic sources, such as fish waste, duck dung, commercial chemical fertilizers, or synthetic nutrient solutions, are used to manufacture hydroponics nutrient solutions. Hydroponics farming technique has become extremely popular among farmers as it requires less water and nutrients as compared to traditional agriculture practices. The scarcity of resources such as arable land, water, and labour as a result of the climate is threatening the agricultural output required to feed such a large population. Therefore, farmers are shifting towards sustainable farming practices requiring fewer resources such as hydroponics. In addition, government organizations are spreading awareness of indoor farming practices pushing the demand for hydroponics systems even further. In December 2022, American vertical farming company Crop One Holding opened a new hydroponic farm in the Northeast United States. The farm will produce spring mix and romaine lettuce, with 95 percent less water than field-grown food.
The popularity of hydroponics framing is driving the growth of the global market as nutrient solutions are essential for plant growth.
In the hydroponics industry, organic nutrients are in high demand.
As people become more health conscious, they are demanding food products that are natural, chemical-free, and pesticide free. Farmers are shifting to organic farming practices due to the growing demand for organic products. The National Agricultural Statistics Service of Agriculture Organic Survey shows that organic product sales in the United States were US$11.2 billion, an increase of 13 per cent from the previous year. Moreover, the FAO stats say that more than 106 billion euros were spent on sales of organic food and beverages. Therefore hydroponic farmers are also using nutrients sourced from organic elements such as fish meal, gypsum, manure etc. to capitalize on this trend.
During the forecast period, North America is anticipated to hold a significant share of the global hydroponics nutrients market.
North American region will experience rapid expansion throughout the projection period due to the high popularity of hydroponic framing systems. Countries like USA and Canada have a massive share of the indoor framing market. According to the official data, there are more than 2300 hydroponic farms in the United States in 2021. In January 2021, Heron Frams opened the country’s first saltwater hydroponic farm in Charleston, South Carolina. Moreover, the presence of a well-established agriculture industry and increasing investment are also spurring regional demand for hydroponic nutrients. In addition, the prevalence of key market players such as General Hydroponics, Nutrifield, AMHydro, Emerald Harvest and others also spur the growth of hydroponic nutrients in this region.
Market Key Developments
- In August 2022, OASIS Grower Solutions launched hydroponic fertilizer in new packaging. It is specifically created for commercial and hobby hydroponic production of lettuce, herbs, greens, and most vegetables. This fertiliser system, which replaces the conventional two-part method, is created to give the necessary components in the right amounts so that plants may grow.
- In February 2021, Hydrofarm Holdings Group, Inc. a leading branded hydroponics company with a broad distribution platform, announced that it has increased the number of preferred brands in its portfolio through a new Canadian distribution partnership with Advanced Nutrients, the industry pioneer in hydroponics nutrients. According to the agreement, the award-winning range of products from Advanced Nutrients will start being distributed this month by Eddi's Wholesale, a branch of Hydrofarm and one of the biggest wholesale.
- By Nutrient
- By Type
- By Crop Type
- Leafy Greens
- Other Crops
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. HYDROPONIC NUTRIENTS MARKET, BY NUTRIENT
6. HYDROPONIC NUTRIENTS MARKET, BY TYPE
7. HYDROPONIC NUTRIENTS MARKET, BY CROP TYPE
7.4. Leafy Greens
7.7. Other Crops
8. HYDROPONIC NUTRIENTS MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Am hydro
10.2. General hydroponics
10.4. Watercircle hydroponics pte ltd
10.5. Emerald Harvest
10.6. X Nutrients
10.7. Advanced Hydroponics of Holland
10.8. HydroGarden Ltd (VitaLink)
Watercircle hydroponics pte ltd
Advanced Hydroponics of Holland
HydroGarden Ltd (VitaLink)
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