Asia-Pacific Hydroponics Market

Asia-Pacific Hydroponics Market Size (2024 to 2029):

The Asia-Pacific hydroponics market size is expected to reach USD 109.50 million in 2024 and reach USD 238.03 million by 2029, growing at a CAGR of 16.8% from 2024 to 2029.

Hydroponics is a part of hydroculture where plants are developed with their roots suspended specifically into the water with no soil. This is a kind of hydroponic cultivation known as N.F.T. and it is an extremely well-known method for developing plants hydroponically.

One of the important drivers is that hydroponics gives a higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.

REPORT COVERAGE:

This research report on the Asia Pacific hydroponics market is segmented and sub-segmented into the following categories.

Asia-Pacific Hydroponics Market – By Equipment:

• HVAC
• LED Grow Light
• Communication Technology
• Irrigation Systems
• Material Handling
• Control Systems

Asia-Pacific Hydroponics Market – By Type:

• Aggregate
• & Liquid

Asia-Pacific Hydroponics Market – By Crop Type:

• Tomato
• Lettuce & Leafy Vegetables
• Cucumber
• Pepper & Strawberry

Asia-Pacific Hydroponics Market – By Input Type:

• Nutrients
• Growth Medium

Asia-Pacific Hydroponics Market – By Aggregate Hydroponics Systems:

• Closed Systems
• Open Systems

Asia-Pacific Hydroponics Market – By Liquid Hydroponic Systems:

• Nutrient Film Technique (NFT)
• Floating Hydroponics
• Aeroponics

Asia-Pacific Hydroponics Market – By Closed Systems:

• The Water Culture System
• The EBB and Flow System
• Drip Systems
• The Wick System

HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.

Asia-Pacific Hydroponics Market – By Country:

• India

• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Asia-Pacific market is increasing at a significant CAGR during the forecast period owing to its large population and high cultivable lands in countries like India and China.

KEY MARKET PLAYERS: 
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.