Hydroponic Substrate Market size was valued at USD 675.76 million in 2024 and is likely to cross USD 2.68 billion by 2037, expanding at more than 11.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydroponic substrate is estimated at USD 802.28 million.
The primary growth factor for the expansion of the hydroponic substrate market is anticipated to be the large usage of agricultural land across the world for varied purposes. Hydroponic substrates are of various types namely expanded clay balls, perlite substrate, coconut fiber substrate, rock wool substrate, coir or coco, a ceramic substrate, and plastic sponge substrate to name a few. The World Bank states that the total agricultural land in the world accounts for 36.9% of the total land in 2018. Also, the increasing demand for healthy and nutritious food and the rising prevalence of infectious diseases including coronavirus are estimated to boost the market growth.
Recently, there has been an increased demand for organic crops to escape the diseases and infections spreading around. As a result, the population is being conscious about what they are eating on daily basis. Thus, the rise in farmers and advancements in technological developments the agriculture is expected to increase the adoption rate of the hydroponic substrate in farming for producing high-quality vegetables. According to a report published in 2021, it “estimated that the number of farmers in India totaled to be almost 150 million farmers.”
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
11.2% |
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Base Year Market Size (2024) |
USD 675.76 million |
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Forecast Year Market Size (2037) |
USD 2.68 billion |
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Regional Scope |
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Type {Inorganic (Rockwool, Perlite & Vermiculite, Clay Pellets); Organic (Coir, Peat Moss)}
The hydroponic substrates market is segmented and analyzed for demand and supply by type into organic and inorganic. Out of these, the inorganic segment is anticipated to garner the highest market share by 2037. The growth of the segment is attributed to the high trade of rock wool which is a type of inorganic hydroponic substrate. The Observatory of Economic Complexity stated that 2020, in 2020, rock wool was the world's 521st most traded product. This was equivalent to the value of USD 4.38 billion. The inert characteristics of rock wool provide fruit improvement and quality products with high yield and a way to control, free water flow to the plants is estimated to drive the leca substrate market growth.
Our in-depth analysis of the global hydroponic substrate market includes the following segments:
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By Type |
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Asia Pacific Market Forecast
Asia Pacific industry is poised to dominate majority revenue share by 2037, as the region has a high employment rate in the agriculture industry.. Asia Pacific region has a high employment rate in the agriculture industry which is projected to be the primary growth factor for the adoption of a hydroponic substrate and the growth of the market. A recent study revealed the total employment in agriculture statistics has gone up from 36% in 2017-18 to 37% in 2018-19 and then to 38% in 2019-20 in India. Additionally, the large agricultural land present in the region is another growth factor. As per World Bank, the agricultural land in East Asia & Pacific held about 47.7% in 2018. Further, the investments in research and development activities, growth in GDP level coupled with high chemical consumption are anticipated to be other growth factors. In 2021, domestic chemical sales in Asia Pacific garnered approximately USD 3 trillion.
ROCKWOOL International A/S announced the launch of Cavityrock Black, which offers the same excellent thermal performance, fire resistance, and moisture control of ROCKWOOL Cavityrock insulation. Its specialty is that it’s a dual-density insulation board designed to mask the insulation layer with a bonded fleece facing to create a crisp, dark aesthetic in open-joint facades.
Hydrofarm Holdings Group, Inc. has acquired Aurora Innovations, Inc., Aurora International, Inc., and Gotham Properties LLC, a Eugene, Oregon-based manufacturer, and supplier of organic hydroponic products. This strategic alliance will further strengthen the company’s foothold in the hydroponics equipment and supplies market.
Author Credits: Rajrani Baghel
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