Hydroponic Nutrients Market by Type and Geography - Forecast and Analysis 2022-2026

The hydroponic nutrients market share is expected to increase to USD 2.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.52%. One of the key highlights of this report is the valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The hydroponic nutrients market vendors studied and compiled in this report include 3G Green Garden Group LLC, Advanced Nutrients Ltd., Better Organix OU, BrightFarms Inc., Canna Continental, FoxFarm Soil and Fertilizer Co., Growth Technology Ltd., HGI Worldwide Inc., HS Supplies LLC, Hydrodynamics International Inc., LumiGrow Inc., Master Garden Nutrients Ltd., Masterblend International Tyler Enterprises, Nutriculture UK Ltd., The Scotts Miracle Gro Co., and Village Farms International Inc. among others.

The hydroponic nutrients market research report extensively covers market segmentation by type (macronutrients and micronutrients) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

What will the Hydroponic Nutrients Market Size be During the Forecast Period?

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Hydroponic Nutrients Market: Key Drivers, Trends, and Challenges

The reduction in arable land is notably driving the hydroponic nutrients market growth, although factors such as the availability of traditional farming may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydroponic nutrients industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydroponic Nutrients Market Driver

One of the key factors driving the global hydroponic nutrients market growth is the reduction in arable land due to rapid industrialization and urbanization. Inappropriate agricultural practices and deforestation have also led to a reduction in the fertility of arable land. Global arable land is expected to decrease from 0.19 hectares per person in 2016 to 0.17 hectares per person by 2050. In addition, owing to the increasing population worldwide, by 2030, the demand for food grains is expected to increase by 70% when compared to the existing demand. An additional 34 million square kilometers of new arable land will be required to cater to the global demand for food grains. By 2030, developing countries, including China, Brazil, and India, will require an additional 120 million hectares of land to fulfill the demand for food grains. Such factors are expected to fuel the demand for hydroponic nutrients during the forecast period.

Key Hydroponic Nutrients Market Trend

Growing application of hydroponics in vertical farming is one of the key hydroponic nutrients market trends that is expected to impact the industry positively in the forecast period. As vertical farming involves trays stacked on shelves, these farms cannot utilize natural sunlight in the growing process. Instead, they use numerous LEDs to create light conditions required for photosynthesis, which leads to high electricity consumption. However, plants stacked in towers within hydroponic greenhouses require far less electricity, as they can access natural sunlight when it is available. Researchers in Eden Green Technology are working on the implementation of a hydroponic growth medium and nutrients for the vertical farming of vegetables such as cucumbers. This will further support the market growth in the coming years.

Key Hydroponic Nutrients Market Challenge

One of the key challenges to the global hydroponic nutrients market growth is the availability of traditional farming. The deficiency of potassium, nitrogen, and phosphorus in the soil led to an increase in the use of conventional fertilizers to improve the agricultural yield. By 2030, the global population is expected to reach 8.5 billion with an annual growth of 1.10%. Thus, the use of nitrogenous fertilizers is expected to increase during the forecast period, as they are more efficient and have fewer environmental impacts than conventional fertilizers. Traditional nitrogenous fertilizers are quickly absorbed by plants. The use of nitrogenous fertilizers with fixed nutrient composition helps in reducing fertilizer wastage and water consumption. This may limit the growth of the market in focus during the forecast period.

This hydroponic nutrients market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hydroponic nutrients market as a part of the global fertilizers and agricultural chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydroponic nutrients market during the forecast period.

Who are the Major Hydroponic Nutrients Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 3G Green Garden Group LLC
• Advanced Nutrients Ltd.
• Better Organix OU
• BrightFarms Inc.
• Canna Continental
• FoxFarm Soil and Fertilizer Co.
• Growth Technology Ltd.
• HGI Worldwide Inc.
• HS Supplies LLC
• Hydrodynamics International Inc.
• LumiGrow Inc.
• Master Garden Nutrients Ltd.
• Masterblend International Tyler Enterprises
• Nutriculture UK Ltd.
• The Scotts Miracle Gro Co.
• Village Farms International Inc.

 

This statistical study of the hydroponic nutrients market encompasses successful business strategies deployed by the key vendors. The hydroponic nutrients market is concentrated and the vendors are deploying growth strategies such as investment in R&D to compete in the market.

Product Insights and News

• emeraldharvest.co - The company offers Hydroponic nutrients products such as Cali Pro and Grow Micro Bloom.
• emeraldharvest.co - The unified segment focuses on offering premium nutrients and supplements for hydroponic plants.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydroponic nutrients market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydroponic Nutrients Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydroponic nutrients market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hydroponic Nutrients Market?

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40% of the market's growth will originate from APAC during the forecast period. India, Japan, and Australia are the key markets for hydroponic nutrients in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Limited arable land, improved farming practices and technological developments, rising population, and favorable government policies will facilitate the hydroponic nutrients market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the hydroponic nutrients market in APAC witnessed a negative effect owing to the outbreak of COVID-19. In countries such as China, India, Malaysia, and Indonesia, COVID-19 had an inflicted negative impact on the demand for hydroponic nutrients, as the export of fruits and vegetables rapidly declined in 2020. However, since H1 2021, with the lockdowns being lifted due to large-scale vaccination drives, the regional market witnessed growth. Due to the resumption of manufacturing units and increased demand for hydroponic farming from end-users in 2021, the hydroponic nutrients market in APAC started to recover. During the forecast period, a rise in government subsidies and limitations in arable lands are expected to fuel regional market growth.

What are the Revenue-generating Type Segments in the Hydroponic Nutrients Market?

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The hydroponic nutrients market share growth by the macronutrients segment will be significant during the forecast period. The growth of the plant in a hydroponic system is solely dependent on nutrients provided by the owner, unlike the soil system, the system offers better control on maintaining essential nutrients. Therefore, the demand for hydroponic macronutrients is expected to grow in the forecast years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydroponic nutrients market size and actionable market insights on post COVID-19 impact on each segment.

 

Hydroponic Nutrients Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 12.52%
Market growth 2022-2026	$ 2.35 billion
Market structure	Concentrated
YoY growth (%)	8.8
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 40%
Key consumer countries	US, India, Japan, Australia, and The Netherlands
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3G Green Garden Group LLC, Advanced Nutrients Ltd., Better Organix OU, BrightFarms Inc., Canna Continental, FoxFarm Soil and Fertilizer Co., Growth Technology Ltd., HGI Worldwide Inc., HS Supplies LLC, Hydrodynamics International Inc., LumiGrow Inc., Master Garden Nutrients Ltd., Masterblend International Tyler Enterprises, Nutriculture UK Ltd., The Scotts Miracle Gro Co., and Village Farms International Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydroponic Nutrients Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive hydroponic nutrients market growth during the next five years
• Precise estimation of the hydroponic nutrients market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hydroponic nutrients industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hydroponic nutrients market vendors

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