#Vertical Farming Produce Market Forecast

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Vertical Farming Market Recent Trends and Growth Analysis Report 2024 – 2030

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Detailed Segmentation:

Market Concentration & Characteristics

The vertical farming market growth stage is high. The vertical farming market is witnessing a significant degree of innovation, marked by the adoption of advanced technologies such as sensors and cameras in order to enhance resource efficiency, increase yields, and address challenges such as limited space and environmental constraints. Also, technologies such as hydroponics, aeroponics, LED grow lights, and automation systems are commonly employed to enhance efficiency and crop quality.

Market Dynamics

The growth of the vertical farming market is attributed to factors such as steady population growth, government incentives, limited availability of cultivable land, and the increasing demand for high-quality and fresh food. Moreover, the increasing consumer demand for organic food is positively impacting the growth of the vertical farming market, creating favorable business opportunities. With consumers placing a higher value on organic products, vertical farming is a viable solution to meet this demand.

Component Insights

On the basis of components, vertical farming market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2022. Hardware plays a significant role in maintaining an environment in vertical farming. The segment is further categorized into lighting, hydroponic components, climate control, and sensors. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components.

Growing Mechanism Insights

The Hydroponics segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Hydroponics is a popular growth mechanism due to low installation costs and ease of operations. It is a method of growing plants without soil, where soil is replaced by mineral solution inserted around plant roots. Additionally, the hydroponics method removes the risk of soil organisms causing diseases.

Crop Category Insights

The fruits, vegetables, & herbs segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Increasing cultivation of commonly grown fruits and vegetables in vertical farming is driving segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation. At the same time, vertical farming improves biodiversity as it does not cause land disturbances. As such, vertical farming is in high demand for growing different types of crops. Further, fruits, vegetables, & herbs are segmented into tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, and others. Among which tomatoes segment led the market and accounted for more than 24.23% of global fruits, vegetables, & herbs revenue in 2022. 

Structure Insights

The shipping container segment dominated the market with a share of about 53.32% in 2022 and is expected to remain dominant between 2023 and 2030. This growth is attributed to the ability of structure to help grow crops irrespective of geographic location. One of the primary benefits of container-based farming is that container farms are easy to transport, and one doesn't require a large piece of land or dedicated building to start cultivating.

Regional Insights

In terms of revenue, Europe dominated the vertical farming market in 2022 with a share of approximately 31.7% and is expected to remain dominant between 2023 and 2030. Growing awareness regarding the importance of alternative farming owing to less availability of fertile agricultural land and increasing population in the region is the key factor anticipated to spur the demand.

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Key Companies & Market Share Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

• Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

• Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Key Vertical Farming Companies:

• AeroFarms (U.S.)

• Illumitex, Inc. (U.S.)

• American Hydroponics (U.S.)

• Agrilution GmbH

• Brightfarms Inc.

• Everlight Electronics Co., Ltd.

• Freight Farms

• GrowUp Urban Farms Ltd.

• Green Sense Farms, LLC

• Vertical Farm Systems.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

Recent Developments

• In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

• In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

[market-insider]

Market Report on Vertical Farming Products: Understanding Size, Share, and Growth Trajectories

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

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Vertical Farming Market Report Highlights

The escalating production of biopharmaceutical products is anticipated to drive the market

The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

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We have segmented the global vertical farming market report based on structure, growing mechanism, crop category and region.

[rupalic]

Sustainable Agriculture Boosting Plant Factory Market to $196 Million by 2028

Plant factories, also known as vertical farms or indoor farms, are advanced agricultural systems designed to produce crops in controlled environments using cutting-edge technology. These facilities utilize artificial lighting, climate control, and hydroponics or aeroponics to optimize plant growth, offering an innovative solution to the challenges faced by traditional agriculture.

The global plant factory market size was valued at US$ 129 million in 2022 and is poised to grow from US$ 138 million in 2023 to US$ 196 million by 2028, growing at a CAGR of 7.3% in the forecast period (2023-2028).

Plant Factory Market Growth Drivers

To meet the rising demand for food and address the challenges posed by shrinking cropland and declining soil fertility, alternative farming techniques like vertical farming have gained prominence. These technologies are crucial for achieving food self-sufficiency, especially in countries that have historically struggled with domestic production and supply due to limited natural resources and unfavorable climatic conditions. The scarcity of arable land, poor soil quality, and increased food demand have spurred the development of innovative methods like vertical farming, which is gradually gaining traction worldwide. Vertical farming optimizes space by growing food in stacked layers or towers, offering advantages such as more efficient land use, consistent year-round crop production unaffected by weather conditions, and reduced water and pesticide usage.

Hydroponic farming, a key component of vertical farming, uses significantly less water than traditional agriculture due to its efficient water use system. Plants consume only 0.1% of the water supplied, with the rest being returned to the environment through evapotranspiration. In contrast, conventional farming often wastes water due to inefficient irrigation, evaporation, and poor water management. Vertical farming allows for efficient water use, using up to 95% less water than traditional methods. According to the Columbia University Earth Institute, vertical farmers use 70% to 95% less water compared to conventional farmers for plant cultivation.

How has the COVID-19 pandemic influenced the adoption of plant factories by restaurants and grocery stores?

The adoption of indoor farming by restaurants and grocery stores is gaining momentum, driven initially by retailer acceptance and gradually by public acceptance. Major grocery chains like Walmart, Kroger, and Albertsons have established agreements with indoor growers to source produce. Publix, based in Lakeland, Florida, has also embraced this trend by introducing an on-site trailer farm from a nearby hydroponic grower. According to a 2021 survey by FMI, The Food Industry Association, 43% of consumers expressed a preference for produce grown outdoors over that grown indoors. However, members of Generation Z, who are rapidly becoming America’s most influential demographic, showed a stronger preference for produce from indoor sources.

In recent years, many restaurants have embraced the concept of local food, advancing it further with the acceptance of hyperlocal food. This approach involves restaurants either growing their own produce or sourcing it from nearby farms, promoting sustainability and supporting the local economy while ensuring high-quality ingredients. Hyperlocal restaurants, which source almost all their food locally, have become more common. Some restaurants even have their own gardens to grow the vegetables used in their dishes.

Top Plant Factory Companies

AeroFarms (US), Gotham Greens (US), Oishii (US), Plenty Unlimited Inc. (US), MIRAI (Japan), Agricool (France), AppHarvest (US), CropOne (UAE) and BrightFarms (US).

Greenhouses Dominate Plant Factory Industry Share

Greenhouse farming offers several advantages over traditional farming methods, such as greater control over environmental factors like temperature, humidity, and lighting, which can result in higher crop yields and quality. As growers see the benefits of greenhouse farming, they may also become interested in incorporating plant factory technology into their operations, which can further increase efficiency, reduce costs, and improve crop quality. This can drive further demand for plant factory systems and technologies, leading to further growth in the plant factory industry.

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Europe Dominates Global Plant Factory Market Share

The plant factory industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The growth of the plant factory market in Europe is driven by a combination of factors, including increased demand for locally grown produce, government support and funding, technological advancements, environmental concerns, and growing consumer interest in sustainable and locally grown produce. Many European countries have implemented policies and initiatives that encourage the adoption of sustainable agricultural practices, including plant factories. For example, the European Union’s Horizon 2020 program has allocated significant funding for research and innovation in sustainable agriculture, including plant factory technology. Additionally, some countries offer tax incentives and other benefits to growers who adopt these practices.

[foodlovers01]

Sustainable Farming on the Rise: Aquaponics Market Outlook 2024-2032

Aquaponics Market: Overview and Future Outlook

The Aquaponics Market was valued at USD 1.55 billion in 2023 and is expected to grow from USD 1.66 billion in 2024 to USD 3.09 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.23% during the forecast period (2024-2032). The concept of aquaponics refers to the sustainable and symbiotic relationship between fish and plants, where the waste produced by the fish provides nutrients for the plants, and the plants help filter and purify the water, benefiting the fish.

Market Drivers

Sustainability and Resource Efficiency: Aquaponics offers a more sustainable and efficient alternative to traditional farming methods. It requires less water, no soil, and reduces the need for synthetic fertilizers, which are key drivers of its adoption, particularly in regions with water scarcity.

Rising Demand for Locally Grown Produce: With consumers increasingly focused on fresh, organic, and locally produced food, aquaponics systems are becoming a popular solution to meet this demand. Aquaponics can be implemented in urban areas, allowing fresh produce and fish to be grown close to consumption points.

Technological Advancements: The introduction of advanced technologies such as smart sensors, IoT integration, and automated systems for aquaponics farming is increasing the efficiency and profitability of operations, further stimulating market growth.

Environmental Awareness: Aquaponics has gained traction due to its positive environmental impact. The system reduces the carbon footprint of food production and encourages more sustainable agriculture practices, attracting both investors and consumers interested in green technologies.

Key Market Dynamics

Urbanization and Limited Agricultural Land: As urban populations grow, available land for traditional farming decreases. Aquaponics offers a viable solution to grow food in urban environments, such as rooftops, warehouses, or small-scale farms.

Support from Governments and NGOs: The growing recognition of sustainable farming methods has led to governmental support and initiatives for aquaponics projects, especially in areas with poor soil or limited water resources.

Challenges in Initial Investment: While aquaponics provides long-term benefits, the initial investment required for setting up systems can be a barrier for small-scale farmers and individuals. However, the market is seeing a decline in equipment costs as technology improves.

Key Market Opportunities

Expansion in Emerging Markets: As the global population continues to rise, emerging markets in Asia, Africa, and Latin America present lucrative growth opportunities for aquaponics systems, especially in areas with limited arable land.

Integration of Aquaponics with Other Farming Techniques: Combining aquaponics with other farming practices like hydroponics and vertical farming opens new avenues for scalability and sustainability.

Education and Awareness Programs: Raising awareness about the benefits of aquaponics can drive adoption, particularly in schools, communities, and urban farming initiatives, leading to further market growth.

Segmentation

By Type:

Media-based Aquaponics: Uses a solid medium such as gravel or clay to support plant growth.

Hydroponic-based Aquaponics: Relies on water-based systems for plant growth without soil.

By Component:

Fish Tanks: Central to the system, where fish are raised.

Plant Grow Beds: Where plants are cultivated and grow.

Pumps: Essential for circulating water between the fish tanks and plant beds.

By Region:

North America: Dominates the aquaponics market with a growing number of commercial farms and government support for sustainable agriculture.

Asia-Pacific: Expected to experience the highest growth due to increasing urbanization, water scarcity, and the need for efficient farming solutions.

Europe: Strong demand for organic food and sustainable farming techniques supports aquaponics growth.

Middle East & Africa: Increasing focus on water conservation and food security in arid regions drives market demand.

Key Players

Nelson and Pade, Inc.

Aquaponic Lynx

AquaBounty Technologies

Pentair Aquatic Eco-Systems, Inc.

Green Life Aquaponics

American Hydroponics

Urban Farm Systems

Regions Covered

North America: The U.S. and Canada are key markets for aquaponics with significant investments in research and sustainable agriculture technologies.

Europe: The UK, Germany, and France are pioneering the adoption of aquaponics systems for urban farming.

Asia-Pacific: Countries like China, India, and Japan are witnessing an increase in aquaponics implementation due to population growth and the need for food security.

Middle East & Africa: Aquaponics offers a solution to food scarcity and water shortages in regions such as UAE, Saudi Arabia, and South Africa.

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Conclusion

The Aquaponics Market is poised for substantial growth over the next decade, driven by sustainability trends, the rising demand for locally sourced produce, and technological innovations. With increasing support from both governments and NGOs, aquaponics offers a sustainable farming solution that meets the growing need for food production, especially in urban areas and regions with limited resources. As the technology matures and more investments are made, the aquaponics industry is expected to play a pivotal role in the future of global food production.

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Organic Fruits and Vegetables Market: Growth, Trends, and Future Outlook

Introduction

The organic fruits and vegetables market has been witnessing remarkable growth as consumers become more health-conscious and demand for chemical-free, sustainable food options rises. The increasing shift towards organic farming, coupled with government initiatives promoting sustainable agriculture, is driving significant market expansion. With growing awareness of food safety and environmental concerns, the organic produce industry is poised for continued growth.

Market Overview

Current Market Size and Growth Trends

The global organic fruits and vegetables market was valued at USD 55.2 billion in 2023 and is projected to grow at a CAGR of 9.8% from 2024 to 2032, reaching approximately USD 125 billion by the end of the forecast period. This growth is fueled by increasing consumer preference for organic products, rising disposable incomes, and the expansion of organic farming practices.

Regional Market Insights

North America: The largest market, with the U.S. leading in organic produce consumption and retail sales exceeding USD 20 billion annually.

Europe: Strong growth due to government subsidies and increasing organic certifications, with Germany, France, and the UK being major consumers.

Asia-Pacific: The fastest-growing region, with countries like India and China investing in organic farming and sustainable agriculture practices.

Latin America & Middle East: Emerging markets with expanding consumer awareness and rising demand for pesticide-free food options.

Key Market Drivers

Increasing Health Awareness: Consumers are prioritizing chemical-free, non-GMO food, boosting demand for organic fruits and vegetables.

Government Support & Certification Programs: Various countries provide subsidies and certifications to encourage organic farming.

Expansion of Retail & Online Distribution Channels: Supermarkets, specialty stores, and e-commerce platforms like Amazon Fresh, Whole Foods, and Walmart are making organic products more accessible.

Growing Popularity of Sustainable Farming: Organic farming practices promote biodiversity, soil health, and reduced carbon footprint, aligning with global sustainability goals.

Leading Players in the Organic Fruits and Vegetables Market

The industry is highly competitive, with key players focusing on product innovation, sustainable sourcing, and expanding their global presence:

General Mills (USA) – A leader in organic food brands, including Cascadian Farm.

Danone (France) – Strong presence in organic dairy and plant-based products.

Earthbound Farm (USA) – A pioneer in large-scale organic fruit and vegetable farming.

Hain Celestial Group – Known for its diverse organic and natural product portfolio.

Green Organic Vegetables Inc. (Canada) – Specializes in premium-quality organic produce.

Challenges and Roadblocks

Despite the growing market, several challenges persist:

High Production Costs: Organic farming requires more labor and resources, making prices 30-50% higher than conventional produce.

Limited Shelf Life: Organic fruits and vegetables often spoil faster due to the absence of synthetic preservatives.

Supply Chain Complexities: Distribution and logistics of organic products can be more challenging, especially for perishable items.

Stringent Certification Processes: Organic certifications involve rigorous standards and compliance, increasing operational costs for farmers and businesses.

Future Outlook

The organic fruits and vegetables market is expected to continue expanding with technological advancements in organic farming, increasing availability of organic seeds, and the rise of urban and vertical farming. Growing consumer demand for farm-to-table products and sustainable agricultural practices will further propel the industry forward.

Conclusion

The organic fruits and vegetables market is set for sustained growth, driven by health-conscious consumers, government incentives, and retail expansion. Companies focusing on affordable pricing, innovative packaging, and sustainable farming will dominate the industry. As the demand for chemical-free food continues to rise, organic produce is becoming a mainstream choice for millions worldwide.

Looking to stay ahead in the organic produce industry? Keep up with the latest market trends and innovations by following our blog!

[marketsndata]

India Hydroponics Market Size, Growth and Report 2032

India hydroponics market is projected to witness a CAGR of 14.94% during the forecast period FY2025-FY2032, growing from USD 1.33 billion in FY2024 to USD 4.05 billion in FY2032. The demand from the population for fresh, chemical-free fruits and vegetables and sustainable agriculture practices that are being adopted vigorously by the farmers are the key factors contributing to the growth of the hydroponics market in India.

In hydroponic farming, the growth of many crops, such as leafy greens, vegetables, and herbs, among others, can be carried out any month of the year without the use of agricultural land, thus alleviating the dangers that come with commercial farming, which include soil erosion and weather changes. Most cities are adopting this technique due to limited land availability and increasing demand from the population that prefers wholesome organic food without pesticides.

Additionally, the advantages of this farming method are enhanced by the government’s support through programs aimed at achieving sustainable development and technological advancements in hydroponic farming systems. However, its potential is hindered by several factors, including the capital-intensive nature of the projects and the technical know-how required.

While many startups and agritech-oriented ventures are escalating innovation and education in hydroponics, India is becoming an upcoming player in the global hydroponics market. In fact, in August 2023, Nailesh Kanaksi Khimji (NKK) Investments strategically partnered with UrbanKisaan Farms Private Limited to revolutionize hydroponic agricultural methods in Saudi Arabia, the United Arab Emirates, and Oman to produce more with fewer resources by utilizing hydroponics and vertical farming, which will allow them to make informed investments in future.

Since the urbanization rate is always increasing and the consumers’ tastes have been changing to a preference for sustainable food products, hydroponic farming will be a major factor in the transformation of agriculture in India to sustain its food security.

Supportive Government Initiatives to Fuel Market Growth

The state’s encouraging policies considerably strengthen the development of the hydroponics sector in India in favor of eco-friendly agricultural practices. The Government of India has brought forth several support schemes and financial assistance mechanisms for the farmers so as to switch towards hydroponic modes of farming. For instance, the National Horticulture Board (NHB) provides generous subsidies, which could be as much as 50% of the cost of installation of the hydroponic system, depending on the state.

Additionally, in October 2024, the Union Government announced to incorporate hydroponics to its agricultural strategy, along with aquaponics, precision agriculture, and vertical farming, under the Mission for Integrated Development of Horticulture (MIDH), which is a Central Sponsored Scheme (CSS) that facilitates the growth of fruits, vegetables, root and tuber crops, mushrooms, spices, flowers, aromatic plants, coconut, cashew, cocoa, and bamboo. The process of revising the cost norms and operational guidelines by MIDH was started by the Ministry of Agriculture and Farmers’ Welfare, wherein the cost norms are expected to rise by 20%.

Along with these initiatives, training programs and materials are in place to educate the farmers about the different hydroponic methods and technologies and improve their efficiency in their work.

Public Investments to Catalyze Market Expansion

Public investments are said to be a determining factor in the development of the hydroponics sector in India. The authorities have appreciated the ability of hydroponics to cope with the problem of food and promote sustainable forms of agriculture, hence, increasing budgetary allocations for this industry. Programs such as the National Horticulture Board’s provision of grants for hydroponic cultivation go a long way in helping farmers since the cost hindrances are greatly reduced, and it becomes possible for them to utilize such advanced farming practices. Moreover, companies are coming up with the launch of innovative fintech platforms to invite common people to invest in their businesses. For instance, in September 2024, Brio Agri Producer Company Ltd. launched an innovative fintech investment platform to raise investments in its hydroponics business. It is India’s first fixed-return digital platform for investment, guaranteeing annual returns of up to 18%.

Such investments help to promote innovation and bring along the ecosystem that helps in the growth of startups and agritech companies working towards hydroponic solutions. Considering the surge in urbanization, the public sector and common people must invest to ensure that the demand for fresh and local produce is met through hydroponics technology for a better and more sustainable agricultural system in India.

South India to Dominate Market Share

South India has actively tapped the hydroponics market largely due to good weather patterns, urbanization, and an increase in innovative farms. Hyderabad, Bangalore, and Chennai are some of the cities leading this agricultural revolution, and there are many hydroponic farms in these regions. This region’s controlled environmental agriculture (CEA) climate is crucial in facilitating the productivity turnaround with the hydroponic systems in particular. Furthermore, the increasing urban population, coupled with the increasing middle class, is observing a shift towards consumption of fresh produce sourced locally, reducing the ecological impact. This further makes hydroponics an attractive solution for meeting the demands of these consumers.

The growth of start-ups, along with small and medium enterprises in southern India, is helping in healthy competition and innovation in the sector. These startups serve the purpose of creating a buzz about hydroponic farming and proving it to be a sustainable form of agricultural practice. Individuals in South India are taking innovation in hydroponics to newer heights. In light of this, in October 2024, a Mangalore-based entrepreneur was featured in Forbes India for his innovative approaches in the field of agriculture. With an estimated net worth of USD 700 million, he became a mainstay in modernizing agriculture, particularly with his invention of hydroponic saffron farming.

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Future Market Scenario (FY2025 – FY2032F)

The constant developments in hydroponic technology, such as automation, integration of IoT, and climate control systems, are anticipated to improve the performance and output levels. These developments will significantly lower the barriers to entry into hydroponic farming.

The increasing understanding and knowledge among consumers about the advantages of consuming hydroponically grown food, with enhanced nutritional value and low use of pesticides, is expected to propel growth.

The Indian government is expected to promote hydroponics actively by providing various subsidies, training programs, and research work aimed at food security and helping small farmers. This support will be crucial in dealing with challenges and encouraging innovation in the sector.

Report Scope

“India Hydroponics Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India hydroponics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/india-hydroponics-market

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[industryforecastnews]

Smart Agriculture Market Size, Share And Industry Report, 2030

Smart Agriculture Market Growth & Trends

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Software

Types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Livestock monitoring application

Smart greenhouse application

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

List of Key Players in the Smart Agriculture Market

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market

[global-research-report]

Soil-Free, Limitless Potential: Driving Growth in the Hydroponics Industry

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2022 and is estimated to continue its dominance over the forecast period. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems holds a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

Japan

India

South America

Brazil

Middle East and Africa (MEA)

Key Players

AeroFarms

AmHydro

Argus Control Systems Limited

Emirates Hydroponics Farms

Freight Farms, Inc.

Heliospectra

Signify Holding

Nutrifresh India

UrbanKisaan

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[hariganesh858]

Horticultural Greenhouse Market

Horticultural Greenhouse Market Size, Share, Trends: Richel Group SA Leads

Increasing Adoption of Vertical Farming Boosts Demand for Greenhouses

Market Overview:

The global Horticultural Greenhouse market is projected to grow at a CAGR of 8.2% during the forecast period of 2024-2031, reaching a market value of USD YY billion by 2031. The Asia-Pacific region currently dominates the market with a share of YY%, driven by the increasing adoption of greenhouse horticulture in countries like China and India. The market growth is attributed to factors such as rising global food demand, need for year-round crop production, and increasing focus on sustainable agriculture practices. Horticultural greenhouses provide a regulated environment in which crops can grow to their full potential while still being protected from the elements. The market is expanding rapidly due to rising demand for fresh produce, urbanization, and the necessity for efficient land use. Automation and smart agricultural technologies are driving market growth.

DOWNLOAD FREE SAMPLE

Market Trends:

Vertical farming is gaining popularity as a sustainable and effective food production method, especially in cities with limited land. Greenhouses play an important part in vertical farming because they provide a regulated environment for multi-layer crop development. According to our analysis, the global vertical farming market is predicted to reach USD XX billion by 2026, with a CAGR of 24.6% between 2019 and 2026. The growing popularity of vertical farming is generating demand for modern greenhouse systems with features such as hydroponics, LED lighting, and climate control.

Market Segmentation:

The plastic greenhouse category is predicted to increase significantly during the forecast period. Plastic greenhouses are gaining popularity because they are less expensive, lighter in weight, and easier to build than glass greenhouses. They have good light transmission and can be easily customised to meet diverse crop needs. According to our analysis, the global plastic greenhouse market is expected to reach USD XX billion by 2027, rising at an 8.5% CAGR between 2020 and 2027. The increasing adoption of plastic greenhouses in underdeveloped nations, where cost is a major issue, is propelling the industry forward.

Market Key Players:

The horticultural greenhouse industry is highly competitive, with many global and regional participants. Leading market players include Richel Group SA, Certhon Build B.V., Argus Control Systems Ltd., Logiqs B.V., Lumigrow, Inc., Agra Tech, Inc., Rough Brothers, Inc., Heliospectra AB, Netafim Ltd., and Greentech Agro LLC.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[marketanalysisdata]

Smart Agriculture Market set to Witness Rapid Growth by 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Smart Agriculture Industry – Analysis, Industry Size And Forecast, 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Hydroponics Market Leading Players Updates and Growth Analysis Report 2030

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Hydroponics Market

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems hold a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Portable Lithium Power Station Market: The global portable lithium power station market size was valued at USD 161.4 million in 2024 and is projected to grow at a CAGR of 16.8% from 2025 to 2030.

Online Tutoring Services Market: The global online tutoring services market size was estimated at USD 10.42 billion in 2024 and is expected to grow at a CAGR of 14.5% from 2025 to 2030.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Hydroponics Market Growth Trends, Research and Revenue Analysis, 2030

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Hydroponics Market

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems hold a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Portable Lithium Power Station Market: The global portable lithium power station market size was valued at USD 161.4 million in 2024 and is projected to grow at a CAGR of 16.8% from 2025 to 2030.

Online Tutoring Services Market: The global online tutoring services market size was estimated at USD 10.42 billion in 2024 and is expected to grow at a CAGR of 14.5% from 2025 to 2030.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[rupalic]

Strong Growth Ahead: Plant Growth Regulators Market Set for 7.2% CAGR Through 2029

The Plant growth regulators market is experiencing significant growth due to the increasing demand for food production, sustainable agriculture practices, and advanced crop management techniques. PGRs are chemicals that influence the growth and differentiation of plant tissues, effectively acting as plant hormones. They are widely used in agriculture, horticulture, and floriculture to enhance crop yield, improve quality, and optimize resource utilization.

Plant Growth Regulators Industry Analysis

The global plant growth regulators market is anticipated to grow from USD 3.3 billion in 2024 to USD 4.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.2% during the forecast period. This growth is driven by the rising demand for high-value crops, which is boosting the use of natural PGRs in agriculture. Additionally, the increasing focus on sustainable agricultural practices and the expansion of organic farming are key factors contributing to market growth. The shift in dietary preferences and the emphasis on sustainable farming methods are also fueling the adoption of plant growth regulators. These trends underscore the growing importance of PGRs in modern agriculture, supporting their expanding market presence.

How does the agricultural industry in the Asia-Pacific region contribute to the growth of the plant growth regulators industry?

The plant growth regulators industry is expanding in the Asia-Pacific region due to several key factors. Firstly, the region is home to a major agricultural industry, with a significant share of the world’s agricultural output coming from Asia-Pacific countries. To meet the rising food demand driven by population growth and evolving dietary preferences, these countries are focused on boosting agricultural productivity, creating a growing demand for effective solutions like plant growth regulators. Additionally, the region is experiencing rapid technological advancements and a greater adoption of modern agricultural practices, including the use of plant growth regulators to maximize crop yields and enhance quality.

Key Plant Growth Regulators Market Growth Drivers

Growing Global Population and Food Demand: With the global population continuously rising, there is an increasing need for food production. PGRs help in enhancing crop productivity and ensuring food security by promoting faster growth, improving fruit size, and enhancing stress resistance.

Shift Towards Sustainable Agriculture: Farmers and agricultural businesses are increasingly adopting sustainable practices to reduce environmental impact. PGRs, which can help reduce water use and improve nutrient uptake, align well with this shift towards sustainable farming.

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Technological Advancements in Agriculture: The integration of PGRs with modern agricultural technologies such as precision farming and vertical farming is driving market growth. These advancements help optimize the use of PGRs, making them more effective and reducing wastage.

Increasing Horticulture and Floriculture Practices: The growing popularity of horticulture and floriculture in both developed and developing countries is fueling the demand for PGRs. These practices require specialized growth regulators to control plant growth, flowering, and fruiting, which enhances product quality.

What factors are expected to propel the fruits and vegetables segment to the forefront of growth within the plant growth regulators market?

The global demand for fruits and vegetables is rising, driven by factors such as population growth, urbanization, and increasing health consciousness among consumers. To keep up with this demand, farmers are turning to advanced agricultural practices, including the use of plant growth regulators, to boost yield, improve quality, and extend the shelf life of their produce. At the same time, consumers are becoming more selective, seeking fruits and vegetables that are not only abundant but also of high quality, free of blemishes, and longer-lasting. PGRs are essential in meeting these expectations by regulating plant growth, enhancing fruit set, improving color development, and delaying the aging process. The fruits and vegetables segment includes a wide variety of crops, from fragile berries to robust root vegetables, each with unique growth requirements and challenges.

Maximizing Crop Yields: The Role of Plant Growth Regulators in Sustainable Agriculture

The expansion of crop production relies heavily on resource availability and climatic conditions. Limited arable land and resources like labor, inputs, and irrigation, compounded by unpredictable weather patterns, directly impact global production goals. According to the Organisation for Economic Cooperation and Development (OECD), there’s a projected limited increase in the area for coarse grains by 2023, but significant growth is anticipated in crop yields, especially for wheat, oilseeds, and sugarcane. Plant growth regulators offer benefits by enhancing crop health, unlike traditional fertilizers that may disrupt soil balance and cause toxicity.

An uptick in oilseed crop and sugarcane production is expected due to rising demands in food, feed, and fuel industries. The OECD-FAO Agricultural Outlook 2020-2029 forecasts a growth in global soybean oilseed production from 367 metric tons in 2021 to an estimated 406 metric tons in 2029. This expansion is fueled by increased demand for protein meals, notably in China, potentially improving farmers’ economic conditions with appropriate government support.

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BASF SE’s Global Reach: Leveraging 234 Production Sites to Serve Diverse Industries

BASF SE Group operates globally with 234 production sites, including six Verbund sites, and relies on approximately 112,000 employees worldwide. Its operations encompass diverse segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. Offering a wide array of system solutions and services, BASF SE caters to industries ranging from chemicals, automotive, and building to agriculture, oil, plastics, electrical, electronics, furniture, and paper. Within its Agricultural Solutions division, BASF SE specializes in providing plant growth regulators. These products target the hormonal system of plants, adjusting the proportions of various plant hormones to facilitate advantageous growth. With a focus on enhancing crop health and yield, BASF SE’s plant growth regulators business segment is involved in researching, developing, manufacturing, and marketing these products.

In August 2022, BASF SE launched a new production facility in Singapore, investing USD 38.04 million, aimed at providing farmers in the Asia Pacific region with cutting-edge crop protection solutions. This endeavour is expected to broaden BASF SE’s consumer base for its agricultural offerings, including plant growth regulators, thereby facilitating business expansion in the region.

Insights from the Plant Growth Regulators Industry Report

Key Industry Leaders: What are the major plant growth regulators companies?

Which region is expected to hold the highest plant growth regulators market share?

What are the key technology prevailing in the plant growth regulators market trend?

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Greenhouse Film Market: Growth Trends and Future Prospects

In recent years, the greenhouse film market has witnessed remarkable growth, driven by the increasing global demand for sustainable agricultural solutions. These specialized films play a pivotal role in greenhouse farming, ensuring crops are protected from adverse weather conditions, pests, and harmful UV rays while optimizing the internal environment for better yield. As food security concerns rise globally, the importance of greenhouse films in agriculture has never been more pronounced.

This article delves into the market’s growth trajectory, emerging trends, regional dynamics, expert perspectives, and its promising global outlook.

Market Dynamics and Significance

Greenhouse films are more than just covers for greenhouses. They serve as enablers of modern farming by creating controlled environments where crops can thrive. By regulating light transmission, temperature, and humidity, these films allow farmers to grow high-quality produce year-round, regardless of external climatic conditions.

The increasing awareness about food security and sustainable farming methods has driven the demand for greenhouse films. According to industry experts, as urbanization expands and agricultural land shrinks, the reliance on greenhouse farming will only grow stronger.

Market Forecast: Where Is It Heading?

The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD  8.6 billion by 2026 at a CAGR of 7.6%, fueled by the following factors:

Innovation in Film Technology: The development of advanced multi-layered films with features like enhanced UV resistance, anti-drip properties, and greater durability is accelerating adoption.

Government Initiatives: Policies promoting sustainable agriculture and investment in modern farming infrastructure are creating new opportunities for the market.

Climate Challenges: Greenhouse farming offers a solution to unpredictable weather patterns, making greenhouse films indispensable for farmers.

Key Trends Shaping the Market

The greenhouse film market is evolving rapidly, and several notable trends are shaping its growth trajectory:

Eco-Friendly InnovationsWith growing environmental consciousness, manufacturers are focusing on biodegradable and recyclable materials. These innovations not only cater to sustainability goals but also reduce waste.

Regional CustomizationOne size does not fit all in agriculture. Farmers in tropical regions need heat-resistant films, while those in colder areas require materials that maximize heat retention. Companies are now tailoring products to meet these regional needs.

Adoption of Smart FilmsThe future of greenhouse films lies in integrating smart technologies, such as coatings that adjust light diffusion and sensors that monitor internal conditions. These advancements enable more efficient farming and resource utilization.

Focus on DurabilityFarmers are increasingly seeking films that last longer and withstand extreme weather conditions. The emphasis is now on creating materials that combine strength with functionality.

Regional Insights and Market Shares

The greenhouse film market has a global presence, with significant variations in adoption and growth across regions:

Asia-Pacific: The undisputed leader, accounting for nearly 40% of the global market share. Countries like China and India are major contributors, driven by government investments and the need for increased food production.

Europe: Home to advanced farming practices, Europe is a strong market, driven by strict environmental policies and innovations in sustainable farming technologies.

North America: The region sees steady growth, especially in urban and vertical farming, supported by technological advancements.

Latin America & Africa: These regions are emerging as high-potential markets due to growing investments in agricultural infrastructure and the rising adoption of greenhouse farming.

Expert Perspectives

Industry experts emphasize that greenhouse films are no longer just accessories for farming—they are necessities. Dr. Mark Benson, an agricultural consultant, remarks, "Greenhouse films are a game-changer in modern farming, especially in regions facing erratic weather patterns. Their ability to protect crops while enhancing productivity is invaluable."

Additionally, experts believe that the integration of smart technologies will redefine how greenhouse farming is conducted. "We’re on the brink of a technological revolution in agriculture, and greenhouse films will play a central role," notes Jane Collins, a sustainability advocate.

Future Outlook: Opportunities and Challenges

Looking ahead, the greenhouse film market is poised for robust growth, but not without its challenges. While sustainability remains a priority, the cost of high-performance films can be a barrier for small-scale farmers. However, as technology advances and production scales up, these costs are likely to come down, making such films more accessible.

On the flip side, the market is brimming with opportunities. The growing adoption of precision agriculture, coupled with the rising need for year-round cultivation, presents a fertile ground for innovation. Manufacturers who can balance affordability, durability, and sustainability will find themselves leading this dynamic market.

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The greenhouse film market is at the crossroads of innovation and sustainability. As global agriculture grapples with the dual challenges of feeding a growing population and protecting the environment, these films are emerging as a critical solution.

Farmers, manufacturers, and policymakers must work collaboratively to harness the full potential of greenhouse films. By addressing challenges and embracing innovation, the market is well-positioned to play a transformative role in shaping the future of agriculture.

The coming years will undoubtedly witness a surge in demand for advanced and eco-friendly greenhouse films, heralding a new era of efficient, sustainable farming practices

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Wind Power Market Report - Forecast (2024-2030)

Wind Power Market Overview:

Wind Power Market size is forecast to reach $3.07 Billion by 2030, after growing at a CAGR of 10.6% during 2024-2030. This growth is driven as floating offshore wind farms are gaining momentum as a key market trend in the wind power industry, particularly in regions with deep waters unsuitable for fixed-bottom foundations. This trend reflects a growing interest and investment in offshore wind expansion into new areas with stronger and more consistent wind resources. Floating turbines offer a viable solution to overcome geographical limitations and tap into untapped offshore wind potential. As technology advancements continue and costs decrease, floating offshore wind farms are expected to play a significant role in driving the growth of the wind power market, opening up new opportunities for renewable energy development.

Additionally, a notable trend in the wind power market is the rise of hybrid wind and solar projects. These ventures integrate both wind and solar power generation within the same location to optimize renewable energy production and enhance grid stability. By leveraging synergies between wind and solar resources, these projects maximize energy output while minimizing land use and infrastructure costs. The combined generation offers more consistent power throughout the day and year, improving reliability and meeting demand fluctuations. This trend reflects a strategic approach to diversify renewable energy portfolios and accelerate the transition towards a sustainable energy future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Wind Power Market - Report Coverage:

The “Wind Power Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Wind Power Market.

By Installation Type: Onshore, Offshore (Shallow Water, Transitional Water, Deep Water), Airborne. 

By Component: Turbines, Electrical Infrastructure, Rotor Blades, Generators, Brushes, Towers (Tubular Steel Towers, Concrete Towers, Hybrid Towers, Lattice Towers, Guyed), Others. 

By Wind Turbine Capacity: Less than 30 kW, 31 kW - 500 kW, 501 kW - 2 MW, More than 2 MW.

By Technology: Horizontal, Vertical, Others.

By Connectivity: On Grid, Off Grid.

By End-Users: Energy & Power, Agriculture, Food & Beverage, Paper & Pulp, Chemical, Commercial, Others.

By Geography: North America, South America, Europe, APAC, and RoW.

COVID-19 / Ukraine Crisis - Impact Analysis:

The COVID-19 pandemic had mixed impacts on the wind power market. While initial disruptions in supply chains and project timelines slowed down installations, the pandemic also highlighted the importance of renewable energy for economic recovery and resilience. Government stimulus packages and recovery plans prioritized investments in clean energy, including wind power, driving market growth. Remote work and digitalization accelerated project development and grid integration efforts. However, financing challenges and delays persisted, hindering some projects. Overall, the pandemic underscored the resilience of the wind power market and reinforced its role in building a sustainable energy future amidst global uncertainties.

The Russia-Ukraine crisis can impact the wind power market through potential disruptions in the global supply chain for wind turbine components and raw materials. Both Russia and Ukraine are key producers of steel, a critical material for manufacturing wind turbines. Any disruptions in the supply of steel or other components could lead to delays and increased costs for wind power projects worldwide. Additionally, geopolitical tensions may create uncertainties in international trade, affecting market sentiment and investment decisions in the wind power industry. Consequently, the crisis highlights the importance of diversifying supply chains and mitigating geopolitical risks for the stability of the wind power market.

Key Takeaways:

Asia Pacific emerges as the fastest-growing geographic market in the wind power industry. Driven by robust economic growth, rising energy demand, and favorable government policies, countries like China, India, and Vietnam lead the region's expansion, harnessing abundant wind resources and driving significant growth in wind power installations. 

Offshore wind farms are the fastest-growing installation type in the wind power market due to abundant wind resources, technological advancements, supportive policies, and cost reductions, driving rapid expansion and market dominance. 

Rotor blades are the fastest-growing component in the wind power market, driven by demand for larger, more efficient turbines. Technological innovations in blade design and materials enhance performance, reflecting the industry's push for increased energy capture. 

Wind turbines with capacities ranging from 501 kW to 2 MW are experiencing rapid growth in the wind power market. This segment caters to diverse applications, including small to medium-scale projects, reflecting increasing demand for efficient and cost-effective wind energy solutions.

Energy and power utilities are experiencing the highest growth as end-users in the wind power market. With increasing focus on renewable energy adoption, utilities are investing in wind power projects to diversify their energy portfolios, meet renewable energy targets, and reduce carbon emissions. The reliability, scalability, and cost-effectiveness of wind energy make it a preferred choice for utilities seeking sustainable energy solutions.