Press Release

Canada Hydroponics Market to be Dominated by Indoor Hydroponics System Segment through 2028

The growing demand for chemical-free fruits and vegetables can drive Canada hydroponics market in the forecast period, 2024-2028.


According to TechSci Research report, “Canada Hydroponics Market- Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Canada hydroponics market size is anticipated to increase at a substantial rate in the forecast period. The Canada hydroponics market is experiencing significant growth due to several trends, including increasing demand for locally grown, fresh, and organic produce, growing adoption of sustainable agriculture practices, the need to reduce water & land usage, and advancements in hydroponic technology. The market is also driven by the growing popularity of urban agriculture, which provides fresh produce to city dwellers and reduces transportation costs. In addition, the government's support for sustainable agriculture practices, research and development, and tax incentives for farmers is contributing to the growth of the market. In 2022, thegovernment of Canada invested more than USD 8.7 billion under the Agricultural Clean Technology (ACT) Program to support farmers in agriculture by providing them advance technologies. Technological advancements are a key factor driving Canada's hydroponics market growth. The adoption of new technologies is improving the efficiency, productivity, and sustainability of hydroponics operations, making them more economically viable and environmentally friendly. The continued development and adoption of new technologies will be essential for the growth and success of the Canada hydroponics market in the future.

Some of the major challenges faced by the hydroponics industry in Canada are ensuring a consistent supply of water, high initial investment costs, access to land to the best location, continuous maintenance of nutrient and mineral levels in the water, and shortage of skilled labor. The initial setup and installation costs of hydroponic systems can be high, which makes it difficult for small farmers to enter the market. Additionally, access to financing can be limited, as many traditional lenders may be hesitant to finance hydroponic farms due to the perceived risks. Another, hydroponics relies heavily on a consistent supply of water, and any interruption in the water supply can significantly affect crop yields and quality. In some regions of Canada, water scarcity is a common issue, especially during droughts and heat waves, which has a significant impact on the market growth. Furthermore, some areas may have limited access to systems used in hydroponics due to their remote location or lack of infrastructure. The high cost of water management systems and the lack of access to these systems can hinder the growth of the Canadian hydroponics market.


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Canada hydroponics market is segmented based on type, equipment, input, farming methods, crop area, crop type, and region.

Based on the type, the market is categorized into aggregate systems and liquid systems. The liquid systems segment is expected to hold the largest market share in the forecast period due to their efficiency and convenience while use. Liquid hydroponics systems allow plants to absorb nutrients directly from a water-based solution, without the need for soil or other growing media. This reduces the risk of pests, diseases, & weeds, and saves space as well as water. Liquid hydroponics systems are easy to set up, maintain, and can produce high-quality crops in a short time.

Based on the equipment, the market is segmented into HVAC, LED grow lights, control systems, irrigation systems, material handling, and others. The irrigation system segment is expected to hold the largest market share in the forecast period as it offers various advantages over other equipment types, such as water efficiency, nutrient control, pest prevention, and crop quality improvement. Irrigation systems equipment type also allows for year-round production of hydroponic crops, regardless of the weather conditions. Therefore, irrigation systems equipment type is preferred by many hydroponic farmers in Canada.


Major companies operating in the Canada hydroponics market are:

  • Argus Control Systems Ltd.
  • Biofloral Inc
  • Holland Industry, Inc.
  • Hydro-Lite Hydroponics
  • Hydrofarm Canada


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“The Canadian hydroponics market has seen significant technological advancements in recent years. These advancements include the development of sophisticated computer-controlled systems for monitoring and controlling the growth environment, such as temperature, humidity, and nutrient levels. Additionally, automation and robotics have been introduced in hydroponic systems, reducing labor costs, and increasing efficiency. The adoption of these technologies has improved the quality and quantity of hydroponically grown produce while reducing environmental impact and lowering costs. These advancements are expected to continue to drive growth in the Canadian hydroponics market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Canada Hydroponics Market, By Type (Aggregate Systems, Liquid Systems), By Equipment (HVAC, LED Grow Light, Control Systems, Irrigation Systems, Material Handling, and Others), By Input (Nutrient, Growth Media), By Farming Method (Indoor, Outdoor), By Crop Area (Up 1000 Square Feet, 1000-5000 Square Feet, 5001-10000 Square Feet, 10000-50000 Square Feet, and Above 50000 Square Feet), By Crop Type (Vegetables, Fruits, Flowers, and Others), By Region, Competition, Opportunity and Forecast, 2028”, has evaluated the future growth potential of Canada 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 Canada hydroponics market.

 

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