The Latin America, Middle East and Africa Hydroponics Market would witness market growth of 22.9% CAGR during the forecast period (2021-2027).
High capital expenditure for large-scale farms, for example, is constraining market expansion. A hydroponic farm's main cost elements are HVAC systems, ventilation, irrigation systems, fans, control systems, railways, and lighting, among others. Furthermore, in developing nations, a lack of government regulation and tax incentives, as well as the spread of waterborne infections and algae in closed systems, are possible limitations to the worldwide hydroponics market's overall growth.
Hydroponics is a gardening technique in which plants are cultivated in an aqueous solution without the need of soil. Hydroponic vegetables, which are a subgroup of hydroculture, require less fertiliser, water, and land, and as a consequence, there has been a significant increase in hydroponic vegetable output. All around world, there has been an increase in demand for crops grown in a controlled setting.
Food insecurity is a major issue in the Middle East, due to agricultural inefficiency caused by a lack of water and fertile land, as well as harsh weather conditions. According to a current UN Food and Agriculture Organization estimate, approximately 51 million people in Arab countries are hungry. Furthermore, in 2020, the Middle East (including North Africa) represented for 20% of the world's inhabitants who were food insecure. Meeting growing demand with traditional agricultural techniques in such a setting may result in fierce competition for natural resources. The region is expected to become warmer and drier in the future as a result of ongoing climate change dynamics.
Moreover, the Middle East is the world's most water-stressed area, with severe land limits that severely limit its food production. The UAE, Kuwait, Bahrain, Qatar, and Palestine, according to the World Resources Institute, will be the world's most water-stressed countries by 2040. This is projected to have a significant impact on food insecurity and the reliance on imports.
The Brazil market dominated the LAMEA Hydroponics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $215.1 million by 2027. The Argentina market is exhibiting a CAGR of 23.6% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 22.6% during (2021 - 2027).
Based on Type, the market is segmented into Aggregate Systems and Liquid Systems. Based on Crops, the market is segmented into Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Hydroponics Market is Predict to reach $13.4 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Argus Control Systems Limited, The Scotts Miracle-Gro Company, American Hydroponics, LumiGrow, Inc., Emerald Harvest, Hydroponic Systems International, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Signify N.V., and Heliospectra AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Aggregate Systems and
- Liquid Systems
By Crops
- Tomatoes
- Lettuce
- Peppers
- Cucumbers
- Herbs
- Fruits
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Argus Control Systems Limited
- The Scotts Miracle-Gro Company
- American Hydroponics
- LumiGrow, Inc.
- Emerald Harvest
- Hydroponic Systems International
- Hydrofarm Holdings Group, Inc.
- HydroGarden Ltd.
- Signify N.V.
- Heliospectra AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Hydroponics Market, by Type
1.4.2 LAMEA Hydroponics Market, by Crops
1.4.3 LAMEA Hydroponics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Hydroponics Market by Type
3.1 LAMEA Aggregate Systems Market by Country
3.2 LAMEA Liquid Systems Market by Country
Chapter 4. LAMEA Hydroponics Market by Crops Type
4.1 LAMEA Tomatoes Market by Country
4.2 LAMEA Lettuce Market by Country
4.3 LAMEA Peppers Market by Country
4.4 LAMEA Cucumbers Market by Country
4.5 LAMEA Herbs Market by Country
4.6 LAMEA Fruits Market by Country
4.7 LAMEA Others Market by Country
Chapter 5. LAMEA Hydroponics Market by Country
5.1 Brazil Hydroponics Market
5.1.1 Brazil Hydroponics Market by Type
5.1.2 Brazil Hydroponics Market by Crops Type
5.2 Argentina Hydroponics Market
5.2.1 Argentina Hydroponics Market by Type
5.2.2 Argentina Hydroponics Market by Crops Type
5.3 UAE Hydroponics Market
5.3.1 UAE Hydroponics Market by Type
5.3.2 UAE Hydroponics Market by Crops Type
5.4 Saudi Arabia Hydroponics Market
5.4.1 Saudi Arabia Hydroponics Market by Type
5.4.2 Saudi Arabia Hydroponics Market by Crops Type
5.5 South Africa Hydroponics Market
5.5.1 South Africa Hydroponics Market by Type
5.5.2 South Africa Hydroponics Market by Crops Type
5.6 Nigeria Hydroponics Market
5.6.1 Nigeria Hydroponics Market by Type
5.6.2 Nigeria Hydroponics Market by Crops Type
5.7 Rest of LAMEA Hydroponics Market
5.7.1 Rest of LAMEA Hydroponics Market by Type
5.7.2 Rest of LAMEA Hydroponics Market by Crops Type
Chapter 6. Company Profiles
6.1 Argus Control Systems Limited (Controlled Environments Limited)
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.2 The Scotts Miracle-Gro Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.3 American Hydroponics
6.3.1 Company Overview
6.4 LumiGrow, Inc.
6.4.1 Company Overview
6.5 Emerald Harvest
6.5.1 Company Overview
6.6 Hydroponic Systems International
6.6.1 Company Overview
6.7 Hydrofarm Holdings Group, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers:
6.8 HydroGarden Ltd.
6.8.1 Company Overview
6.9 Signify N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.10. Heliospectra AB
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Recent strategies and developments:
6.10.3.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA Hydroponics Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Hydroponics Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 4 LAMEA Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 5 LAMEA Aggregate Systems Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Aggregate Systems Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Liquid Systems Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Liquid Systems Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 10 LAMEA Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 11 LAMEA Tomatoes Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Tomatoes Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Lettuce Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Lettuce Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Peppers Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Peppers Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Cucumbers Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Cucumbers Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Herbs Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Herbs Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Fruits Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Fruits Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Hydroponics Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Hydroponics Market by Country, 2021 - 2027, USD Million
TABLE 27 Brazil Hydroponics Market, 2017 - 2020, USD Million
TABLE 28 Brazil Hydroponics Market, 2021 - 2027, USD Million
TABLE 29 Brazil Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 30 Brazil Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 31 Brazil Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 32 Brazil Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 33 Argentina Hydroponics Market, 2017 - 2020, USD Million
TABLE 34 Argentina Hydroponics Market, 2021 - 2027, USD Million
TABLE 35 Argentina Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 36 Argentina Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 37 Argentina Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 38 Argentina Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 39 UAE Hydroponics Market, 2017 - 2020, USD Million
TABLE 40 UAE Hydroponics Market, 2021 - 2027, USD Million
TABLE 41 UAE Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 42 UAE Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 43 UAE Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 44 UAE Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 45 Saudi Arabia Hydroponics Market, 2017 - 2020, USD Million
TABLE 46 Saudi Arabia Hydroponics Market, 2021 - 2027, USD Million
TABLE 47 Saudi Arabia Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 49 Saudi Arabia Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 50 Saudi Arabia Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 51 South Africa Hydroponics Market, 2017 - 2020, USD Million
TABLE 52 South Africa Hydroponics Market, 2021 - 2027, USD Million
TABLE 53 South Africa Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 54 South Africa Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 55 South Africa Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 56 South Africa Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 57 Nigeria Hydroponics Market, 2017 - 2020, USD Million
TABLE 58 Nigeria Hydroponics Market, 2021 - 2027, USD Million
TABLE 59 Nigeria Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 60 Nigeria Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 61 Nigeria Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 62 Nigeria Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 63 Rest of LAMEA Hydroponics Market, 2017 - 2020, USD Million
TABLE 64 Rest of LAMEA Hydroponics Market, 2021 - 2027, USD Million
TABLE 65 Rest of LAMEA Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 66 Rest of LAMEA Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 67 Rest of LAMEA Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 68 Rest of LAMEA Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 69 Key Information – Argus Control Systems Limited
TABLE 70 Key Information – The Scotts Miracle-Gro Company
TABLE 71 Key Information – American Hydroponics
TABLE 72 Key Information – LumiGrow, Inc.
TABLE 73 Key Information – Emerald Harvest
TABLE 74 Key Information – Hydroponic Systems International
TABLE 75 Key Information – Hydrofarm Holdings Group, Inc.
TABLE 76 Key Information – HydroGarden Ltd.
TABLE 77 Key Information – Signify N.V.
TABLE 78 key information – Heliospectra AB
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Hydrofarm Holdings Group, Inc.