Zion Market Research Global Hydroponics Market, 2016–2024 | Page 3

Hydroponics Market
Moreover, large spending in R&D activities and new product launches may expand the
market. Conversely, lack of awareness regarding hydroponics and huge initial investment
may hamper the global market growth to some extent.
Global Hydroponics Market by Segmentation: The global hydroponics market is
categorized based on crop type as strawberry, lettuce & leafy greens, tomato, pepper,
cucumber, and others. Based on input type, the global market is divided as growth medium
and nutrients. The nutrients segment is sub-segmented as micronutrients, and
macronutrients. However, the growth medium is further sub-segmented as perlite &
vermiculite, rock wool, coco fiber, grow rocks, and others. Moreover, the global market is
fragmented based on type as liquid hydroponic systems, and aggregate hydroponic
systems. The liquid hydroponic system is further sub-segmented as floating hydroponics,
nutrient film technique, and aeroponics. Furthermore, the global hydroponics market is
segregated on the basis of equipment as irrigation systems, HVAC, control systems,
communication technology, LED grow light, material handling, and others.
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Global Hydroponics Market by Regional Analysis: Traditionally, Europe is considered
the largest market as it highly adopts hydroponic smart greenhouse horticulture. The
European market is dominated by the countries such as France, Netherlands, and Spain.
Asia Pacific emerges as the second largest market for hydroponics and is anticipated to
grow at a significant rate. North America is the major consumer of the hydroponics where it
is followed by Canada and the United States.