Soilless Culture Market Report 2024 (Global Edition)

Global Soilless Culture Market Report 2024 Market Size Split by Type (Hydroponics, Aquaponics, Other), by component (Lighting, Water Pump, Frames and Racks, Others), by Application (Commercial Agricul...

Soilless Culture Market Report Description

We have various report editions of Soilless Culture Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Soilless Culture Market Insights Video

Competitive Landscape of the Soilless Culture Market

The competitive landscape of the Soilless Culture market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized Soilless Culture companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

September 2022: GrowGeneration Corp (GRWG) launched its first hydroponic store in Virginia, opening a 9,000-square-foot location in Richmond. The company plans to further expand its presence in the state to tap into the growing hydroponic market. Additionally, GRWG secured leases for two new stores in Mount Holly, NJ, and Hazelwood, MO, both anticipated to open by the end of 2022. With these new openings, GRWG extended its reach to a total of 17 states. (Source: https://ir.growgeneration.com/news-events/press-releases/detail/178/growgeneration-announces-planned-opening-of-new-hydroponic )

Top Companies Market Share in Soilless Culture Industry: (In no particular order of Rank)

• Advanced Nutrients
• Bertels
• General Hydroponics
• HydroGarden Wholesale Supplies
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Soilless Culture Market

Which Region Dominates the Soilless Culture Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America, particularly the United States and Canada, is undergoing significant urbanization. Between 2010 and 2020, the urban population in the U.S. increased by 6.4%, with the average population density rising from 2,343 people per square mile in 2010 to 2,553 in 2020. Among the 50 states, California had the highest urbanization rate, with 94.2% of its population living in urban areas, followed closely by Nevada at 94.1%. In Canada, the urban population reached 31,825,973 in 2022, marking a 1.96% increase from 2021. As urban areas continue to expand, traditional agricultural land is being converted into residential and commercial properties. Soilless culture methods, such as vertical farming and hydroponics, are particularly well-suited to these urban environments, allowing for high-density crop production in spaces like rooftops, warehouses, and indoor facilities. This trend is fueling growth in the soilless culture market as cities look for solutions to meet local food production needs. https://www.census.gov/newsroom/press-releases/2022/urban-rural-populations.html https://www.macrotrends.net/global-metrics/countries/CAN/canada/urban-population#:~:text=Canada%20urban%20population%20for%202022,a%201.53%25%20increase%20from%202018.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region, home to over 60% of the global population, is experiencing a significant increase in food demand due to rising population and improving living standards. According to the Final Estimates for 2022-23, total foodgrain production is projected to reach a record 3,296.87 lakh tonnes, which is 140.71 lakh tonnes more than the 3,156.16 lakh tonnes produced in 2021-22. Additionally, this production figure is 308.69 lakh tonnes higher than the average production over the previous five years (2017-18 to 2021-22). The Indian agricultural sector is expected to grow to $24 billion by 2025, with the food and grocery market being the sixth largest globally, where retail accounts for 70% of sales. The expanding middle class in the region is driving the demand for a diverse range of high-quality food products. Soilless culture systems can effectively meet this growing demand by ensuring a consistent supply of fresh produce throughout the year, regardless of seasonal or environmental changes. https://pib.gov.in/PressReleasePage.aspx?PRID=1968931 https://www.ibef.org/industry/agriculture-india

The current report Scope analyzes Soilless Culture Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Soilless Culture Market

According to Cognitive Market Research, the global Soilless Culture market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Soilless Culture market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The nation's strong consumer preference for fresh, locally grown produce, driving the market.
• The Canada Soilless Culture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's growing focus on sustainability and resource efficiency, driving the market.
• The Mexico Soilless Culture market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Soilless Culture Market

According to Cognitive Market Research, the global Soilless Culture market size was estimated at USD XX Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Soilless Culture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Soilless Culture sales witness an upswing due to the nation's government support for sustainable farming practices.
• The France Soilless Culture market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Soilless Culture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Soilless Culture surged due to the growing consumer interest in fresh, locally produced, and organic food.
• The Italy Soilless Culture market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russian soilless Culture market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Soilless Culture market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Soilless Culture market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Soilless Culture market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Soilless Culture market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Soilless Culture market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Soilless Culture Market

According to Cognitive Market Research, the global Soilless Culture market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Soilless Culture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Soilless Culture surged in China due to rapid population growth and shrinking arable land.
• The Japan Soilless Culture market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Soilless Culture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's strong focus on food security, and significant government support for modern agricultural technologies, driving the market.
• The South Korean Soilless Culture market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Soilless Culture market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Soilless Culture market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Asia Pacific Soilless Culture market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD XX million in 2024.

South America Soilless Culture Market

According to Cognitive Market Research, the global Soilless Culture market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Soilless Culture market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Soilless cultures have thrived in Brazil due to the country’s agricultural objectives and its efforts to tackle environmental challenges.
• Argentina's Soilless Culture market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's desire to boost agricultural productivity amid fluctuating weather conditions and soil degradation augments the demand.
• Colombia Soilless Culture market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.
• Peru Soilless Culture market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD XX million in 2024.
• Chile's Soilless Culture market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Soilless Culture market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Soilless Culture Market

According to Cognitive Market Research, the global Soilless Culture market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Soilless Culture market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024. Soilless Culture sales flourish due to the extreme water scarcity and the need for efficient water usage in agriculture.
• The Egypt Soilless Culture market is projected to witness growth at a CAGR of 5.00% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Soilless Culture market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024. In South Africa, the demand for the Soilless Culture Market is driven by the need to enhance local food production in response to environmental challenges and supply chain disruptions, as well as to improve food security in urban areas.
• The Turkey Soilless Culture market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Soilless Culture market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Soilless Culture market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Soilless Culture Market Analysis

Soilless Culture Market Type Segment Analysis

According to Cognitive Market Research, Hydroponics stands out as the dominant category over the projected period. Hydroponics systems use significantly less water compared to traditional soil-based agriculture. Water is recirculated within the system, minimizing waste and making hydroponics a more sustainable option, especially in regions facing water scarcity. Hydroponics delivers nutrients directly to plant roots through a nutrient-rich solution. This precise delivery ensures that plants receive the exact amount of nutrients they need, which can lead to faster growth and higher yields. < /p>

Aquaponics emerges as the fastest-growing category in the Soilless Culture market. Aquaponics combines aquaculture (fish farming) and hydroponics (plant cultivation) in a closed-loop system where fish waste provides essential nutrients for plants, and plants help filter and purify the water for the fish. This mutually beneficial relationship reduces the need for external fertilizers and water, making the system highly efficient and sustainable. Aquaponics systems use less water than traditional farming methods because the water in the system is recirculated. This efficient water use is particularly advantageous in regions experiencing water scarcity or where water conservation is a priority.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soilless Culture Industry. Request a Free Sample PDF!

Soilless Culture Market component Segment Analysis

According to Cognitive Market Research, Lighting stands out as the dominant category over the projected period. Soilless culture systems, such as hydroponics, aeroponics, and aquaponics, benefit from advanced lighting technologies that provide a controlled light spectrum tailored to the needs of different plant species. LED lights, for instance, offer precise control over light wavelengths, which can be adjusted to optimize photosynthesis and promote healthier, faster-growing plants. Artificial lighting allows for year-round cultivation by simulating natural light conditions, regardless of external weather or seasonal variations. This capability is particularly valuable in regions with limited sunlight or harsh climatic conditions, enabling consistent crop production and increased yields. < /p>

Water Pump emerges as the fastest-growing category in the Soilless Culture market. In soilless culture systems like hydroponics, aeroponics, and aquaponics, water pumps are crucial for circulating nutrient-rich solutions to plant roots. This circulation ensures that plants receive a consistent supply of essential nutrients and water, which is critical for their growth and productivity. Water pumps help maintain uniform distribution of nutrients and water throughout the system. This consistency promotes even growth and reduces the risk of nutrient imbalances, leading to healthier plants and improved yields.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Soilless Culture Application Segment Analysis

Soilless Culture Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Commercial Agriculture as Soilless culture methods, such as hydroponics, aeroponics, and aquaponics, allow for year-round production of crops. This continuous production capability meets the growing consumer demand for fresh, high-quality produce regardless of seasonal variations. Commercial growers are increasingly focused on providing fresh produce locally to reduce transportation time and costs. Soilless culture systems, which can be implemented in urban and peri-urban areas, facilitate local sourcing and supply fresh produce to nearby markets..

The fastest-growing category in the Soilless Culture market is Urban Agriculture. Urban areas are experiencing rapid population growth, leading to higher demand for locally produced food. According to recent statistics, more than half of the world's population now lives in urban areas, and this trend is expected to continue. As cities expand, the need for efficient food production methods within urban environments becomes more pressing. Urbanization often results in a reduction of available land for traditional agriculture. Soilless culture systems, such as hydroponics and vertical farming, are well-suited to urban environments where space is limited. They can be implemented on rooftops, vacant lots, and repurposed buildings, making them ideal for high-density areas.

• Commercial Agriculture
• Urban Agriculture
• Research and Development

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

Author's Conclusion