Overview

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

IBISWorld’s Hydroponic Crop Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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?

Hydroponic crop farmers grow their crops through closed or open systems. Closed systems recirculate the water used. These types of systems include nutrient film, medium-based and aeroponic techniques. Open systems let water run off the system as waste. Hydroponic growing is not suitable for all crops, and industry players tend to select crops based on margins and downstream demand. Hydroponic operations are generally more suitable for vegetable crops that grow fast and can be harvested easily to enhance production volume and feasibility.

Lettuce

Lettuce includes varieties such as cos, mignonette and oakleaf. Let...

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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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