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Latin America Hydroponics Market By Equipment (HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling, Control Systems & Others), By Type (Aggregate (Closed Systems (The Water Culture System, The EBB And Flow System, Drip Systems, And The Wick System), Open Systems) & Liquid (Nutrient Film Technique (NFT), Floating Hydroponics, And Aeroponics)), By Crop Type (Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper & Strawberry), & By Input Type (Nutrients, Growth Medium), And By Region - Industry Analysis, Share, Size, Growth, Trends, And Forecast (2022 to 2027)

Published: January, 2022
ID: 2025
Pages: 145

Latin America Hydroponics Market Size & Growth (2022 - 2027):

The Latin America Hydroponics Market had a market value of USD 65.13 million in 2021 and is forecasted to exhibit a CAGR of 16.7% and reach USD 115.83 million by 2026.

Hydroponics is a part of hydroculture where plants are developed with their roots suspended specifically into the water with no soil. This is just a type of hydroponic cultivating known as N.F.T. and there are many methods known as hydroponic cultivating. Hydroponics removes the restrictions for growing crops like seasons or climate.

Drivers and Restraints:

One of the important drivers is that hydroponics gives a higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.

LATIN AMERICA HYDROPONICS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

16.7%

Segments Covered

By Equipment, By Type,  By Crop Type,  By Input Type, By Aggregate Hydroponics Systems, By Liquid Hydroponic Systems, By Closed Systems

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • Brazil
  • Argentina
  • Mexico

Market Leaders Profiled

Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.

Market Segmentation:

Latin America Hydroponics Market – By Equipment:

  • HVAC

  • LED Grow Light
  • Communication Technology
  • Irrigation Systems
  • Material Handling
  • Control Systems

Latin America Hydroponics Market – By Type:

  • Aggregate & Liquid

Latin America Hydroponics Market – By Crop Type:

  • Tomato
  • Lettuce & Leafy Vegetables
  • Cucumber
  • Pepper & Strawberry

Latin America Hydroponics Market – By Input Type:

  • Nutrients
  • Growth Medium

Latin America Hydroponics Market – By Aggregate Hydroponics Systems:

  • Closed Systems
  • Open Systems

Latin America Hydroponics Market – By Liquid Hydroponic Systems:

  • Nutrient Film Technique (NFT)
  • Floating Hydroponics
  • Aeroponics

Latin America Hydroponics Market – By Closed Systems:

  • The Water Culture System
  • The EBB and Flow System
  • Drip Systems
  • The Wick System

HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.

Geographical Analysis:

Geographically, the market is further segmented into

  • Brazil
  • Argentina
  • Mexico

Developing regions like Brazil are creating new opportunities owing to an increase in food demand, advancing agricultural technique, and a growing economy.

Key Players: 

Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods 

                1.4 General Study Assumptions                

  1. Research Methodology

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

  1. Overview

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market  

  1. Market Segmentation

                5.1 Equipment                  

                                5.1.1 Introduction           

                                5.1.2 HVAC         

                                5.1.3 LED Grow Light      

                                5.1.4 Communication Technology  

                                5.1.5  Irrigation Systems               

                                5.1.6  Material Handling                

                                5.1.7  Control Systems  

    5.1.8 Y-o-Y Growth Analysis, By Equipment         

          5.1.9 Market Attractiveness Analysis, By Equipment 

      5.1.10 Market Share Analysis, By Equipment      

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Aggregate               

                                5.2.3 Liquid        

                                5.2.4 Y-o-Y Growth Analysis, By Type     

   5.2.5 Market Attractiveness Analysis, By Type   

                                5.2.6 Market Share Analysis, By Type     

                5.3 Crop Type                   

                                5.3.1 Introduction           

    5.3.2 Y-o-Y Growth Analysis, By Crop Type           

    5.3.3 Market Attractiveness Analysis, By Crop Type         

            5.3.4 Market Share Analysis, By Crop Type          

                5.4 Input Type                  

                                5.4.1 Introduction           

  5.4.2 Y-o-Y Growth Analysis, By Crop Type           

   5.4.3 Market Attractiveness Analysis, By Crop Type         

         5.4.4 Market Share Analysis, By Crop Type          

  1. Geographical Analysis

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Equipment

                                                6.1.3.3 By Type

                                                6.1.3.4 By Crop Type

                                                6.1.3.5 By Input Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Equipment

                                                6.1.4.3 By Type

                                                6.1.4.4  By Crop Type

                                                6.1.4.5 By Input Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Equipment

                                                6.1.5.3 By Type

                                                6.1.5.4  By Crop Type

                                                6.1.5.5 By Input Type

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

          7.2.4 Threat of Substitute Products and Services

           7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Argus Control Systems                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Koninklijke Philips NV                            

                8.3 Greentech Agro LLC                

                8.4 , Logiqs B.V.                

                8.5 Lumigrow, Inc.                          

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures 

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

  1. a) List of Tables
  2. b) List of Figures
  1. Latin America Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
  2. Latin America HVAC Market By Region, From 2022 - 2027 ( USD Million )
  3. Latin America LED Grow Light Market By Region, From 2022 - 2027 ( USD Million )
  4. Latin America Communication Technology Market By Region, From 2022 - 2027 ( USD Million )
  5. Latin America Irrigation Systems Market By Region, From 2022 - 2027 ( USD Million )
  6. Latin America Material Handling Market By Region, From 2022 - 2027 ( USD Million )
  7. Latin America Control Systems Market By Region, From 2022 - 2027 ( USD Million )
  8. Latin America Others Market By Region, From 2022 - 2027 ( USD Million )
  9. Latin America Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
  10. Latin America Aggregate Market By Region, From 2022 - 2027 ( USD Million )
  11. Latin America Liquid Market By Region, From 2022 - 2027 ( USD Million )
  12. Latin America Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
  13. Latin America Tomato Market By Region, From 2022 - 2027 ( USD Million )
  14. Latin America Lettuce & Leafy Vegetables Market By Region, From 2022 - 2027 ( USD Million )
  15. Latin America Cucumber Market By Region, From 2022 - 2027 ( USD Million )
  16. Latin America Pepper Market By Region, From 2022 - 2027 ( USD Million )
  17. Latin America Strawberry Market By Region, From 2022 - 2027 ( USD Million )
  18. Latin America Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
  19. Latin America Nutrients Market By Region, From 2022 - 2027 ( USD Million )
  20. Latin America Growth Medium Market By Region, From 2022 - 2027 ( USD Million )
  21. Brazil Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
  22. Brazil Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
  23. Brazil Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
  24. Brazil Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
  25. Argentina Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
  26. Argentina Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
  27. Argentina Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
  28. Argentina Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
  29. Mexico Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
  30. Mexico Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
  31. Mexico Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
  32. Mexico Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
  33. Rest of Latin America Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
  34. Rest of Latin America Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
  35. Rest of Latin America Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
  36. Rest of Latin America Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
  37. Latin America Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
  38. Latin America Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
  39. Latin America Open Systems Market By Region, From 2022 - 2027 ( USD Million )
  40. Brazil Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
  41. Argentina Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
  42. Mexico Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
  43. Latin America Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
  44. Latin America Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
  45. Latin America Open Systems Market By Region, From 2022 - 2027 ( USD Million )
  46. Brazil Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
  47. Argentina Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
  48. Mexico Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
  49. Latin America Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
  50. Latin America The Water Culture System Market By Region, From 2022 - 2027 ( USD Million )
  51. Latin America The EBB and Flow System Market By Region, From 2022 - 2027 ( USD Million )
  52. Latin America Drip Systems Market By Region, From 2022 - 2027 ( USD Million )
  53. Latin America The Wick System Market By Region, From 2022 - 2027 ( USD Million )
  54. Brazil Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
  55. Argentina Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
  56. Mexico Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
  57. Latin America Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
  58. Latin America 5.2.3.1 Nutrient Film Technique (NFT) Market By Region, From 2022 - 2027 ( USD Million )
  59. Latin America 5.2.3.2 Floating Hydroponics Market By Region, From 2022 - 2027 ( USD Million )
  60. Latin America 5.2.3.3 Aeroponics Market By Region, From 2022 - 2027 ( USD Million )
  61. Brazil Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
  62. Argentina Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
  63. Mexico Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )a

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