세계 수경재배 시장 규모는 예측 기간 동안 연평균 7.62% 성장하여 2023년 45억 2,000만 달러에서 2031년 81억 3,000만 달러로 성장할 것으로 예상됩니다.
세계 수경재배 시장은 농업 혁신의 최전선에 있으며, 토양을 사용하지 않는 수경재배 시스템을 채택하여 작물 재배의 다인믹스를 재정의하고 있습니다. 시장 성장을 가속하는 주요 요인 중 하나는 수경재배가 기존 농업의 한계를 극복할 수 있는 지속 가능한 솔루션으로 인식되고 있다는 점입니다.
세계 인구 증가, 도시화, 경작지 감소로 인해 효율적이고 공간 절약형 농법에 대한 요구가 증가하고 있으며, 수경재배는 실행 가능한 대안으로 자리 잡고 있습니다. 환경 영향과 물 부족에 대한 우려가 커지면서 자원 효율성, 특히 물을 최대한 활용할 수 있는 기술의 능력은 매우 중요한 요소입니다.
고급 영양 공급 메커니즘, 센서 기술, 자동화 등 수경 재배 시스템의 혁신으로 재배 조건의 정확성과 제어가 강화되고 있습니다. 향상된 제어는 수확량을 향상시키고, 연중 내내 작물 생산을 용이하게 하며, 계절적 변동의 영향을 완화합니다. 또한, 수경재배는 도시에서의 재배를 가능하게 하고, 수직농장 설립을 용이하게 함으로써 현지산 신선 농산물의 인기가 높아짐에 따라 시장 수요가 급증하고 있습니다.
데이터 분석, AI 기반 모니터링, 스마트 농법을 수경재배 환경에 도입하여 기술과 농업을 융합하여 산업의 효율성과 생산성을 더욱 향상시키고 있습니다. 전 세계적으로 지속 가능한 농업에 대한 관심이 높아지면서 수경재배 시장은 지속적인 기술 혁신, 환경 보호, 급증하는 세계 인구 수요를 충족시켜야 하는 필요성으로 인해 지속적으로 확대될 것으로 예상됩니다.
식량 수요 증가와 한정된 토지 자원
세계 수경재배 시장은 식량 수요 증가와 한정된 토지 자원이라는 교차하는 도전에 의해 지탱되고 있습니다. 세계 인구 증가, 특히 도시 인구 증가에 따라 식량 수요가 증가하여 전통적인 농업에 압력을 가하고 있습니다. 수경재배는 도시 환경이나 제한된 경작지 등 제한된 공간에서 효율적인 재배를 가능하게 함으로써 이러한 딜레마에 대한 해결책으로 등장했습니다. 이 방법은 흙을 사용하지 않는 접근 방식과 자원의 최적화를 통해 기존 농업의 제약을 해결합니다. 수경재배는 한정된 토지 자원에 미치는 영향을 완화하는 동시에 현지의 신선한 농산물에 대한 수요 증가에 대응하고 있습니다.
유기농 및 특수 작물에 대한 수요 증가
세계 수경재배 시장은 유기농 및 특수 작물에 대한 수요 증가로 인해 크게 성장하고 있습니다. 소비자들은 점점 더 건강하고 지속 가능한 방식으로 생산된 식품을 선호하고 있으며, 그 결과 수경재배 시스템을 통한 유기농 농산물의 재배가 급증하고 있습니다. 수경재배는 통제된 환경을 제공하여 농약 노출을 최소화하고 고품질 유기농 작물 생산을 촉진합니다. 또한, 수경재배는 기존 농업에서 어려움을 겪을 수 있는 특수 작물의 재배를 용이하게 하여 독특하고 이국적인 품종을 원하는 소비자의 다양한 취향에 부응합니다. 수경재배는 이러한 작물을 재배할 수 있는 효율적이고 자원에 최적화된 플랫폼을 제공함으로써 현대의 건강 및 환경 의식에 부합하는 방식으로 유기농 및 특수 농산물에 대한 증가하는 수요를 충족시키는 최전선에 서 있습니다.
기술의 진보와 혁신
기술의 발전과 지속적인 혁신은 세계 수경재배 시장을 발전시키는 데 매우 중요한 역할을 하고 있습니다. 정밀 모니터링 시스템, 자동 제어 및 센서 기술을 통해 재배자는 환경 조건을 최적화하고 정확한 영양 공급을 보장하며 최적의 식물 성장을 가속할 수 있습니다. 또한, 영양제 배합의 발전은 작물의 수확량과 영양 품질을 향상시키는 데 기여하고 있습니다. 데이터 분석과 AI를 통합하면 실시간 의사결정을 쉽게 내릴 수 있어 전반적인 작업 효율을 높일 수 있습니다. 스마트 수경재배 시스템은 또한 원격 모니터링 및 제어 기능을 통해 농가에 힘을 실어주고 유연성과 대응력을 높일 수 있습니다. 이러한 기술 개발은 수경재배 산업이 지속적으로 발전하면서 생산성과 지속가능성을 향상시키고 수경재배를 현대 기술 주도 농업의 선두주자로 자리매김하고 있습니다.
세계 수경재배 시장을 조사했으며, 시장 정의와 개요, 시장 규모 추이 및 예측, 각종 부문별/지역별 상세 분석, 산업 구조, 시장 성장에 영향을 미치는 요인 분석, 사례 연구, 경쟁 구도, 주요 기업 프로파일 등의 정보를 정리하여 전해드립니다.
Global hydroponics market is projected to witness a CAGR of 7.62% during the forecast period 2024-2031, growing from USD 4.52 billion in 2023 to USD 8.13 billion in 2031. The global hydroponics market is at the forefront of agricultural innovation, redefining the dynamics of crop cultivation by embracing soil-less, water-based systems. One of the primary drivers propelling the market's growth is the increasing recognition of hydroponics as a sustainable solution to address traditional farming limitations.
Escalating global population, urbanization, and decreasing arable land availability have intensified the need for efficient and space-saving farming methods, positioning hydroponics as a viable alternative. Technology's ability to maximize resource efficiency, especially water, is a critical factor amid growing concerns about environmental impact and water scarcity.
Innovations in hydroponic systems, including advanced nutrient delivery mechanisms, sensor technologies, and automation, are enhancing precision and control over growing conditions. The heightened control boosts yield and facilitates year-round crop production, mitigating the effects of seasonal variations. Moreover, the market is witnessing a surge in demand driven by the increasing popularity of local and fresh produce, as hydroponics enable cultivation in urban areas and facilitates the establishment of vertical farms.
The convergence of technology and agriculture is evident in the incorporation of data analytics, AI-driven monitoring, and smart farming practices in hydroponic setups, further elevating the efficiency and productivity of the industry. As the global emphasis on sustainable agriculture grows, the hydroponics market is poised for sustained expansion, driven by ongoing innovation, environmental consciousness, and the imperative to meet the demands of a burgeoning global population.
For instance, in December 2022, a new indoor vertical farm capable of producing seven tons of greens daily was announced to open in northeastern Pennsylvania. The farm, to be operated by Crop One Holdings, will be the first of ten farms the company plans to build over the next five years. The Pennsylvania location is expected to surpass the output of Crop One's Dubai farm, which currently produces three tons daily, making it one of the largest hydroponic vertical farms in the world. The farm is set to begin production by mid-2024.
Rising Food Demand and Limited Land Resources
The global hydroponics market is sustained by the intersecting challenges of rising food demand and limited land resources. As the global population expands, particularly in urban areas, the demand for food increases, exerting pressure on traditional agriculture. Hydroponics emerges as a solution to the dilemma by allowing efficient cultivation in limited space, including urban environments and regions with constrained arable land. The method's soil-less approach and resource optimization address the limitations imposed by traditional farming. Hydroponics' ability to deliver high yields in a controlled environment, coupled with its potential for year-round production, position it as a viable response to the pressing need for sustainable and space-efficient agricultural practices, meeting the escalating demand for fresh, locally sourced produce while mitigating the impact on limited land resources.
Growing Demand for Organic and Specialty Crops
The global hydroponics market is witnessing a significant upswing due to the escalating demand for organic and specialty crops. Consumers increasingly prioritize healthier and sustainably produced food, resulting in a surge in the cultivation of organic produce through hydroponic systems. Hydroponics offers a controlled environment, minimizing exposure to pesticides and fostering the production of high-quality organic crops. The method's adaptability facilitates the growth of specialty crops that might face challenges in traditional farming, meeting the diverse preferences of consumers for unique and exotic varieties. With hydroponics providing an efficient and resource-optimized platform for cultivating these crops, it stands at the forefront of meeting the rising demand for organic and specialty produce in a manner that aligns with contemporary health and environmental consciousness.
For example, in September 2023, BrightFarms and Element Farms formed a partnership to introduce Element Farms' indoor-grown spinach to the Northeast under the BrightFarms brand. The collaboration aims to meet the increasing consumer demand for high-quality, locally grown spinach. Element Farms, a sustainable farm based in New Jersey, grows its greens hydroponically and without pesticides in a controlled environment, allowing it to manage light, carbon-dioxide, water, and nutrients given to its crops. The partnership is a significant move for sustainable agriculture, as both companies are recognized as trailblazers in sustainable, controlled environment agriculture (CEA).
Technological Advancements and Innovation
Technological advancements and continuous innovation play a pivotal role in propelling the global hydroponics market forward. The integration of cutting-edge technologies has transformed hydroponics into a sophisticated and efficient cultivation method. Precision monitoring systems, automated controls, and sensor technologies enable growers to optimize environmental conditions, ensuring precise nutrient delivery and fostering optimal plant growth. Additionally, advancements in nutrient formulations contribute to enhanced crop yields and nutritional quality. The incorporation of data analytics and artificial intelligence facilitates real-time decision-making, improving overall operational efficiency. Smart hydroponic systems further empower farmers with remote monitoring and control capabilities, allowing for increased flexibility and responsiveness. As the industry continues to evolve, these technological developments elevate productivity and sustainability and position hydroponics as a frontrunner in modern, technology-driven agriculture.
For instance, in December 2023, Pure Food Technology created a groundbreaking hydroponic, robotic, solar-powered prototype. The innovation requires 95% less water and yields 100 times more plant-based crops than traditional farming methods. The company aims to scale up the vertical farm technology to reduce UAE's USD 7.7 billion vegetable food import bill and achieve self-sufficiency in plant-based food production. The technology is driven by artificial intelligence, solar energy, and robotics, which is the world's first of its kind and has been patented in the UAE.
Government Regulations
Government regulations play a crucial role in shaping the hydroponics market. As the industry gains prominence, regulatory frameworks are evolving to ensure safety, quality, and environmental standards. Many countries are recognizing hydroponics as a viable agricultural method and are establishing guidelines for nutrient solutions, water quality, and overall system management. Additionally, governments are increasingly acknowledging the potential of hydroponics in addressing food security concerns, especially in urban areas. Incentives, subsidies, and supportive policies are being introduced to encourage farmers to adopt hydroponic practices. However, the regulatory landscape varies, and compliance requirements differ across regions, influencing market dynamics. Continued collaboration between governments and the hydroponics industry is essential to foster a conducive environment for sustainable growth, innovation, and widespread adoption of advanced farming technique.
For example, in January 2024, the Indian government offered subsidies to farmers who embrace hydroponic farming with an aim of promote sustainable agriculture and increasing food production in the country. The amount of subsidy vary based on the type of hydroponic setup, size of the farm, and the crops being grown. These subsidies are provided through various government schemes such as the National Horticulture Board National Mission on Micro Irrigation and others. The National Horticulture Board provides the subsidy for hydroponic farm set up under Scheme-1, and the exact subsidy varies for each state.
Future Market Scenario (2024 - 2031F)
Every household in Tier I, II, and III cities will eventually use fresh and hygienic produce due to the controlled environment and precision farming of hydroponics, which reduces dependency on monsoons. The staggered and controlled production of hydroponics allows for regulated demand and supply of produce, leading to consistent prices and availability of vegetables. The dual benefit of hydroponic farming affects both customers and farmers positively.
Hydroponics farming is a promising solution for conserving water in agriculture, which is critical as water scarcity become an increasing worldwide concern. Traditional soil-based farming methods often require large amounts of water, with much of it being wasted through evaporation and runoff. Hydroponics, on the contrary, uses water much more efficiently, with studies showing water savings of up to 90% compared to conventional farming methods.
Key Players Landscape and Outlook
The global hydroponics market features a dynamic landscape with key players driving innovation and market expansion. Industry leaders such as BrightFarms and Thanet Earth Limited contribute significantly to the market's growth through technological advancements, research initiatives, and strategic collaborations. With a focus on sustainable and high-yield agriculture, these players are investing in cutting-edge solutions, including advanced nutrient formulations, precision monitoring systems, and automation technologies. Moreover, established agricultural companies, such as Village Farms International, Inc., are leveraging their expertise to enhance hydroponic practices. The outlook for the global hydroponics market remains optimistic, marked by continued investment in R&D, strategic partnerships, and the increasing adoption of hydroponic systems across diverse agricultural applications.
For instance, in August 2023, the Punjab Agricultural University (PAU), India, obtained a national patent for its indigenous hybrid hydroponics technology, which is a significant advancement in India's agricultural innovation. The national patent was granted for the innovative improvement of water and nutrient delivery in pot-based substrate hydroponics, which combines two distinct soilless technologies. The technology, known as Hybrid Hydroponics Technology (HHT), aims to make soilless farming more accessible for adoption in both rural and urban settings, for commercial production and domestic rooftop gardening.
For instance, in May 2023, AeroFarms announced a national expansion with Amazon Fresh, by making its products available online and at all Amazon Fresh grocery store locations. The partnership follows AeroFarms' successful national launch with Whole Foods Market in 2022, where it became the first indoor leafy greens grower to be part of Whole Foods Market's Global Planogram.
[4:50 PM] Shraddha Jain
In 2022, Freight Farms announced a USD 17.5 million Series B3 funding round, co-led by Aliaxis SA and Ospraie Ag Science, to bolster its efforts in enabling universal access to food cultivation with its adaptable, modular container farms and farm automation software. Spark Capital, Stage 1 Ventures, and Alkaline Partners also participated in the round. Freight Farms specializes in vertical hydroponic farming within shipping containers, aiming to foster resilient and self-sustaining communities capable of year-round production of fresh, local, and nutritious food.
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Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.