United Kingdom Hydroponics Market Size, Share, and COVID-19 Impact Analysis, By Type (Aggregate Systems and Liquid Systems), By Equipment (HVAC, LED Grow Light, Control Systems, and Irrigation Systems), By Crop Type (Lettuce, Sweet Potato, Tomato, Cucumber, Melon, and Others), and United Kingdom Hydroponics Market Insights, Industry Trend, Forecasts to 2033.

Industry: Agriculture

RELEASE DATE Jul 2024
REPORT ID SI5122
PAGES 176
REPORT FORMAT PathSoft

United Kingdom Hydroponics Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 5.54% from 2023 to 2033
  • The U.K. Hydroponics Market Size is Expected to hold a Significant Share by 2033

 

United Kingdom Hydroponics Market

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The United Kingdom Hydroponics Market Size is Expected to Hold a Significant Share by 2033, Growing at a CAGR of 5.54% from 2023 to 2033. The quick rise of hydroponic farming is partly responsible for the notable surge in the hydroponics sector in the United Kingdom.

 

Market Overview

The process of growing plants hydroponically involves substituting soil with a nutrient solution based on water, which may contain a growing medium including perlite, vermiculite, or coconut coir. Small farmers, amateurs, and commercial businesses utilize hydroponic production systems. Both aquatic and terrestrial plants can develop freely with their roots exposed to the nutrient-rich liquid, or they can have mechanical root support from an inert media including perlite, gravel, or another substrate. Hydroponic farms use fertilizers from a variety of organic or inorganic resources, such as fish waste, duck dung, commercial chemical fertilizers, or artificial standard or hybrid nutrient solutions. In the future, people living in harsh locations with limited access to water could be able to hydroponically grow their plant-based food since the process of hydroponic growth requires significantly less water and nutrients than traditional farming practices, and because climate change is posing a danger to agricultural production.

 

Report Coverage

This research report categorizes the market for the United Kingdom hydroponics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom hydroponics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom hydroponics market.

 

United Kingdom Hydroponics Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :5.54%
Historical Data for:2019-2022
No. of Pages:176
Tables, Charts & Figures:110
Segments covered:By Type, By Equipment, By Crop Type
Companies covered::Harvest London, Growing Underground, JFC - Jones Food Company, Crate to Plate, HydroGarden Limited, Signify Commercial UK Limited, Hydrohobby Hydroponics Limited, GroWell Hydroponics & Plant Lighting Limited, Green Spirit Hydroponics, and Others
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

In the UK, conventional agriculture frequently overuses chemicals and fertilizers and is plagued by a labor shortage. Urban agriculture and hydroponics are consequently quickly becoming a part of the skyline of many British cities. In the United Kingdom, an increasing number of hydroponic farms and hydroponic farming technology firms are currently in operation, supplying local shops and consumers with fresh, pest-free vegetables. Hydroponic farms have enormous potential to feed the UK's growing urban population while utilizing vacant buildings, industries, and other community vacant areas in cities. Furthermore, urban residents would have easy availability of extremely nutritious and carbon-neutral fresh vegetables within 24 hours of harvest.

 

Restraining Factors

The substantial upfront cost of setting up a hydroponic system is one of the main obstacles. It may be challenging for small-scale growers to break into the market as a result. Additionally, customers' and farmers' ignorance about hydroponics may have an impact on the demand for the crop.

 

Market Segmentation

The United Kingdom hydroponics market share is classified into type, equipment, and crop type.

  • The aggregate systems segment is expected to hold the greatest market share through the forecast period.    

The United Kingdom hydroponics market is segmented by type into aggregate systems and liquid systems. Among these, the aggregate systems segment is expected to hold the greatest market share through the forecast period. Due to aggregate systems are easy to set up and maintain, farmers of all skill levels find them to be a desirable option. These systems provide a compromise between aeroponic and water culture (liquid) methods, combining the advantages of both while reducing their drawbacks.

 

  • The HVAC segment is anticipated to hold a significant share of the United Kingdom hydroponics market during the forecast period.       

Based on the equipment, the United Kingdom hydroponics market is divided into HVAC, LED grow lights, control systems, and irrigation systems. Among these, the HVAC segment is anticipated to hold a significant share of the United Kingdom hydroponics market during the forecast period. HVAC stands for heating, ventilation, and air conditioning. It is essential to the growth of indoor growers since it manages the facility's temperature, dehumidification, and cooling. Aeroponic and hydroponic farms depend on their HVAC systems to work, and these systems need to be stable and well-managed.

 

  • The tomato segment is expected to hold the largest market share through the forecast period.   

The United Kingdom hydroponics market is segmented by crop type into lettuce, sweet potato, tomato, cucumber, melon, and others. Among these, the tomato segment is expected to hold the largest market share through the forecast period. Hydroponic tomatoes develop more quickly and produce more per square meter than regular tomatoes. This is due to growing bags providing an adequate and consistent supply of nutrients and water, reducing plant stress, and increasing photosynthetic efficiency.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom hydroponics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Harvest London
  • Growing Underground
  • JFC – Jones Food Company
  • Crate to Plate
  • HydroGarden Limited
  • Signify Commercial UK Limited
  • Hydrohobby Hydroponics Limited
  • GroWell Hydroponics & Plant Lighting Limited
  • Green Spirit Hydroponics
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In December 2022, Vertical Future, a prominent vertical farming technology and research firm based in the United Kingdom, has moved into Singapore through a strategic relationship with Vertical Farm Systems (VFS). The relationship was developed as part of the innovative SAVE Farming (Singapore Advanced VErtical Farming) project, which aims to improve sustainable agriculture in Singapore while also addressing food security issues.  

 

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Hydroponics Market based on the below-mentioned segments

 

United Kingdom Hydroponics Market, By Category

  • Aggregate System
  • Liquid Systems

 

United Kingdom Hydroponics Market, By Distribution Channel

  • HVAC
  • LED Grow Light
  • Control Systems
  • Irrigation Systems

 

United Kingdom Hydroponics Market, By Crop Type

  • Lettuce
  • Sweet Potato
  • Tomato
  • Cucumber
  • Melon
  • Others

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