Hydroponic Nutrients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Hydroponic Nutrients Market is segmented by Scale (Home-Based and Commercial), By Nutrient Type (Nitrogen, Phosphorus, Potassium, and Other Nutrients), by Chemical Origin (Synthetic and Organic) and by Geography

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Middle East and Africa

Largest Market:

North America

CAGR:

6.3 %

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Market Overview

The Global Hydroponic Nutrients Market is projected to register a CAGR of 6.2% over the forecast period.

  • Increasing pressure on global arable land, increased demand for nutrition and shift in the dietary pattern of the global population towards consumption of fresh fruits and vegetables are the factors driving the increase in area under hydroponics. In countries with unfavorable climatic conditions for open land farming, hydroponics provides a sustainable option for the cultivation of fresh produce to supply to markets. 

 

  • Fertilizers developed specifically for hydroponic systems have been developed by companies to tap into the growing market for hydroponics. In addition to being completely water-soluble, these fertilizers also are generally compound mixtures providing multiple nutrients to the crops grown in a hydroponic system, albeit with one of the primary nutrients having a major share.  

Scope of the Report

The scope of the Global Hydroponic Nutrients Market report is restricted to fertilizers used in a hydroponic system. The market is segmented by scale into nutrients used in Home-Based Hydroponic Systems and those used in Commercial Hydroponic Systems. By Nutrient Type, the market is segmented into Nitrogen, Phosphorus, Potassium, and Other Nutrients and by chemical origin, the market is segmented into synthetic and organic hydroponic nutrients. The geographical segmentation provides in-depth insights into the market trends in the major global markets across the world.

Scale
Home-Based
Commercial
Nutrient Type
Nitrogen
Phosphorus
Potash
Other Nutrients
Chemical Origin
Synthetic
Organic
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Italy
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa

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Key Market Trends

Increasing Area under Commercial Hydroponics to Drive the Market

Although hydroponics is a relatively recent technology, the growth in the area under hydroponic cultivation has increased exponentially over the review period. The adoption of home-based hydroponic systems has been increasing steadily, especially in developed markets, but the growth in commercial hydroponics has been more skewed towards emerging markets such as Asia-Pacific and the Middle East. In terms of crops, leafy vegetables and microgreens have traditionally been the most commonly cultivated hydroponic crops. However, the area under hydroponics in crops that are exotic to warmer climates such as cherry tomatoes, lettuce, microgreens and a wide variety of other cool-season crops, has been increasing. An important crop that holds potential in developed markets such as the United States and Canada is Cannabis, which has immense potential in the expansion of area under hydroponics. With an increase in adoption of hydroponics at a commercial level in different crop situations and geographies, the market for crop and nutrient-specific fertilizers are projected to have a robust growth rate over the forecast period. 

Hydroponic Nutrients Market - Revenue from Commerical Hydroponic Farms

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Middle-East to Register Rapid Growth

Hydroponics is a system of agriculture that is highly suited when the climatic conditions do not allow open-field cultivation. Countries in the Middle-East, especially those in the GCC region have been at the forefront of area expansion in hydroponics over the review period (2015-2018). Because of the highly arid climate in the region, coupled with the less percentage of arable land, the region is projected to be the fastest-growing market over the forecast period. The revenue generated from the cultivation of fresh fruits and vegetables through hydroponics is projected to reach USD 520 million by 2023. Governments in the region are also increasingly investing in providing infrastructural and policy support since increased cultivation of fresh produce through hydroponics fits into their plan of reducing import-dependence for fruits and vegetables. The continuous area expansion is projected to provide a fillip to the growth of the hydroponic nutrient market in the region.

Hydroponic Nutrients Market - Regional Growth Rates

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Competitive Landscape

The Global Hydroponic Nutrients Market is fragmented with different competition dynamics in the home-based and commercial hydroponic systems. While the commercial segment has a significant presence of multinational players, the companies that are focused on the home-based growers are smaller, more localized players.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Scale

      1. 5.1.1 Home-Based

      2. 5.1.2 Commercial

    2. 5.2 Nutrient Type

      1. 5.2.1 Nitrogen

      2. 5.2.2 Phosphorus

      3. 5.2.3 Potash

      4. 5.2.4 Other Nutrients

    3. 5.3 Chemical Origin

      1. 5.3.1 Synthetic

      2. 5.3.2 Organic

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Spain

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 India

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Singapore

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Yara International ASA

      2. 6.3.2 Advanced Nutrients Limited

      3. 6.3.3 Haifa Group

      4. 6.3.4 ICL Group

      5. 6.3.5 Ferti Technologies

      6. 6.3.6 Grow More, Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Hydroponic Nutrients Market market is studied from 2016 - 2026.

The Hydroponic Nutrients Market is growing at a CAGR of 6.3% over the next 5 years.

Middle East and Africa is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Yara International ASA
  • Advanced Nutrients Limited
  • Haifa Group
  • ICL Group

Are the major companies operating in Hydroponic Nutrients Market.

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