Vietnam Hydroponics Market to Grow with a CAGR of 4.50% through 2030
Government support and policy advancements is expected to drive the Vietnam Hydroponics Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Vietnam Hydroponics
Market –– By Region, Competition, Forecast and Opportunities, 2030F”, the Vietnam
Hydroponics Market stood at USD 58.45 Million in 2024 and is expected to reach
USD 64.07 Million by 2030 with a CAGR of 4.50% during the forecast period.
Vietnam’s hydroponics market is witnessing a surge in
investments toward smart farming technologies, driven by the need for increased
efficiency, resource conservation, and precision agriculture. The adoption of
Internet of Things (IoT), artificial intelligence (AI), and sensor-based
automation in hydroponics is transforming how crops are cultivated in
controlled environments. Smart hydroponic systems offer real-time monitoring
and automation of critical farming parameters such as nutrient levels, pH
balance, temperature, and humidity. These systems optimize water and nutrient
usage, reducing wastage while improving plant health and productivity. Farmers
can access real-time data through mobile applications, allowing remote farm
management and immediate response to potential issues.
The Vietnamese government, in collaboration with
private enterprises, is actively promoting agritech innovation through
financial incentives and technical support. Startups specializing in hydroponic
automation are emerging, offering cost-effective solutions to both small-scale
urban farmers and large-scale commercial operations. Foreign investors and
agricultural technology firms are also entering the Vietnamese market,
fostering competition and accelerating the adoption of smart farming solutions.
Despite its advantages, the transition to smart
hydroponic systems faces challenges, such as the high initial investment and
the need for technical expertise. However, ongoing research, government
funding, and training programs are addressing these barriers. As digital
agriculture continues to evolve, smart hydroponic systems are expected to play
a crucial role in enhancing Vietnam’s food production efficiency and
sustainability.
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The Vietnam Hydroponics Market is segmented into crop
type, type, regional distribution, and company.
Based on type, The liquid systems segment is projected to be the fastest-growing segment in the Vietnam hydroponics market in 2024. The demand for higher crop yields is a primary driver behind the dominance of liquid systems, as they offer several key advantages. These systems allow for precise control over nutrient delivery, which promotes faster growth rates by directly supplying essential nutrients to plant roots. Beyond the increase in yield, liquid systems also support sustainability efforts. They use significantly less water compared to traditional soil-based farming methods, contributing to water conservation. Additionally, because liquid systems do not require land, they offer an ideal solution in areas where land resources are limited, including urban environments. Their ease of setup, efficient use of space, and suitability for year-round crop production make liquid systems particularly attractive for urban farming initiatives. These systems enable farmers to maximize productivity in limited spaces while remaining unaffected by external weather conditions, enhancing their overall appeal. As a result, the liquid systems segment is expected to experience rapid growth in the Vietnamese hydroponics market..
Based on region, The Northern region emerged as second prominence
region in hydroponic cultivation can be attributed to several factors. The
region experiences distinct seasonal variations, with cold winters that pose
challenges to traditional soil-based agriculture. Hydroponic systems, with
their controlled environments, offer an effective solution to mitigate these
climatic challenges, enabling year-round production of high-value crops. The
Northern region encompasses major urban centers such as Hanoi, where there is a
growing demand for fresh, high-quality produce. Hydroponic farming, known for
producing pesticide-free and nutrient-rich vegetables, aligns with the
health-conscious preferences of urban consumers. This urban demand incentivizes
local farmers and entrepreneurs to invest in hydroponic systems to supply
metropolitan markets.
The proximity to research institutions and
universities in the Northern region also plays a crucial role. Collaborations
between hydroponic enterprises and academic institutions facilitate access to
technical expertise, research, and development. These partnerships contribute
to the optimization of hydroponic practices and the dissemination of knowledge,
further strengthening the region's market position. Government initiatives
aimed at promoting sustainable agriculture have been actively implemented in
the Northern region. Support in the form of subsidies, training programs, and
infrastructure development encourages farmers to adopt hydroponic methods, thereby
enhancing the region's contribution to the national hydroponics market.
Major companies operating in the Vietnam Hydroponics Market
are:
- Vingroup Joint Stock Company
(Vingroup JSC)
- Green Farm Việt Nam.
- Truong Phuc Farm Co., Ltd
- Fresh Studio
- Famifarm Hydroponics
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“Vietnam’s government is actively supporting
hydroponic farming through strategic policies, financial incentives, and
research initiatives aimed at modernizing agriculture and promoting
sustainability. Recognizing the potential of hydroponics to improve food
security, enhance productivity, and minimize environmental impact, authorities
are encouraging farmers to adopt soilless cultivation methods. Government
initiatives include subsidies for greenhouse construction, tax incentives for
agritech investments, and grants for research institutions developing
hydroponic innovations. the government is partnering with international
organizations to facilitate technology transfer, ensuring that Vietnamese
farmers gain access to the latest advancements in hydroponic cultivation.
Educational programs and training workshops are being
implemented to equip farmers with the necessary skills for hydroponic farming.
Universities and agricultural research centers are also playing a crucial role
in developing efficient hydroponic techniques tailored to Vietnam’s climate and
market needs. Despite these efforts, challenges such as high initial investment
costs and limited awareness among traditional farmers remain obstacles. To
address this, the government is working on financing schemes that provide
low-interest loans to hydroponic startups and farmers transitioning to soilless
agriculture.Policies aimed at promoting agribusiness collaborations and
encouraging foreign investment are expected to further strengthen Vietnam’s
hydroponics sector.,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Vietnam Hydroponics Market By Type
(Aggregate Systems, Liquid Systems), By Crop Type (Lettuce, Sweet Potato,
Tomato, Cucumber, Melon, Others), By Region, Competition, Forecast &
Opportunities, 2020-2030F”, has
evaluated the future growth potential of Vietnam Hydroponics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam Hydroponics Market.
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