Hydroponic Crop Farming

Overview

Ripening up: Growing health consciousness and demand from supermarkets boost industry revenue

IBISWorld’s Hydroponic Crop Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Hydroponic Crop Farming industry has been performing well, with revenue forecast to increase by an annualised 4.3% over the five years through 2016-17. This has been partly due to hydroponic farmers growing crops under controlled conditions with reduced water requirements, allowing them to better withstand the unfavourable weather conditions that have plagued the agricultural sector over the past five years. In particular, fluctuating rainfall over the period has negatively affected crop supplies of outdoor, soil-based farmers, reducing competition in retail markets. This has increased demand for hydroponic produce, boosting industry revenue, which is forecast to grow by a more subdued 1.7% during 2016-17, to $625.3 million...

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What is the Hydroponic Crop Farming industry?

The Hydroponic Crop Farming industry is in the growth stage of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to increase at an annualised 3.4% over the 10 years through 2021-22. This represents an outperformance of the economy, with GDP forecast to grow at an annualised 2.6% over the same period. Industry value added growing faster than GDP means the industry is expanding as a share of the economy.

The market for hydroponic crops is growing, due to increasing health consciousness among Australians. As more people become aware of the benefits of healthy eating, they are more likely to include more fruit and vegetables into their diets. This suggests a growing market for hydroponic crops. Als...

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Additional Insights for the Hydroponic Crop Farming Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hydroponic Crop Farming Industry are

  • Economies of scale
  • Downstream ownership links
  • Long-term contracts

    • IBISWorld analysts also discuss how external factors such as Apparent fruit and vegetable consumption and Demand from supermarkets and grocery stores in the Hydroponic Crop Farming industry impact industry performance..

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    New Zealand Special Report

    Products & Brands

    Major products in this industry
    Lettuce
    Flowers
    Tomatoes
    Cucumbers
    Strawberries

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Apparent fruit and vegetable consumption
  • Demand from supermarkets and grocery stores
  • Domestic price of fertiliser
  • Health consciousness
  • Level of annual rainfall

    • Current Performance
  • Chart: Revenue Growth

    • Industry Outlook
  • Table: Hydroponic Crop Farming Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hydroponic Crop Farming Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Fruit and Vegetable Processing
  • Fruit and Vegetable Wholesaling
  • Supermarkets and Grocery Stores

    • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Water Supply

    • Products & Services
  • Lettuce
  • Flowers
  • Tomatoes
  • Cucumbers
  • Other
  • Strawberries
  • Chart: Hydroponic Crop Farming Industry Products and Services Segmentation

    • Demand Determinants
  • Price and quality
  • Health consciousness
  • Environmental concerns

    • Major Markets
  • Wholesalers
  • Retailers
  • Fresh markets
  • Food-service providers
  • Food processors
  • Chart: Major Market Segmentation for the Hydroponic Crop Farming Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Utilities, rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Hydroponic Crop Farming

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hydroponic Crop Farming Industry

    • Industry Globalization
    Major Companies
    Flavorite Hydroponic Tomatoes Pty Limited
  • Table: Flavorite Hydroponic Tomatoes Pty Limited - financial performance

    • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hydroponic Crop Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hydroponic Crop Farming Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
    • Medium
  • An inert material that hydroponic crops can grow their roots in.
    • Run-To-Waste
  • A hydroponic system where water solution is applied to the medium surface and allowed to run into the environment.

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    • Find out about key industry trends
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    This report on Hydroponic Crop Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hydroponic Crop Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hydroponic Crop Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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