Hydroponic Substrate Market Share

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.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hydroponic substrate is estimated at USD 802.28 million.

The 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. The need for organic vegetable by the burgeoning population will drive the market growth.

Asia Pacific industry is poised to dominate majority revenue share by 2037, as the region has a high employment rate in the agriculture industry.

The major players in the market are Comercial Projar, S.A. (Projar Group), ROCKWOOL International A/S, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc., JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm Holdings Group, Inc., Re-Nuble, Inc., Malaysia Hydroponics

Hydroponic Substrate Market Share