HYDROPONICS INDUSTRY

• Hydroponics has started to gradually replace traditional

agricultural methods.
• The global hydroponics market was valued at $293.12m in 2018
and is projected to grow at a healthy compound annual growth
rate (CAGR) of 16.45% during the forecast period 2019-2025.
• The easy availability of equipment such as LED lights, HVAC
systems, submersible pumps, nutrient film technique (NFT),
and electrical conductivity meters has favored the growth of
the hydroponics market in the region.
• Increasing demand for organic vegetables, water scarcity, and
unpredictable climate conditions are some of the prominent
aspects escalating the demand for vegetable hydroponics. The
vegetable hydroponics application segment is estimated to
grow with a healthy CAGR of 13.73% through 2025.

Hydroponics Market Growth Drivers:

➢ Higher yield and profit.
➢ Growing food demand.
➢ Water scarcity.

Hydroponics Market Trends:

➢ Hydroponic Indoor Gardens.
➢ LED lights.
Pestle Analysis

COMPETITION

Due to increased popularity and adoption of hydroponics, many new

players are entering the market, especially in the Asia Pacific Region,
which is the fastest growing region for Hydroponics market.
Competitors from organised sector-
• Future farms, Chennai.
• Letcetra Agritech, Goa.
• Pindfresh, Chandigarh.
Competitors from unorganised sector-
Unlike traditional and soil based agriculture, Hydroponic Farming has
multiple challenges owing to the heavy initial investment, high level
of knowledge and expertise, precision, specialized equipment and
raw material, etc. and thus it is not readily practiced in the
unorganized sector.