Report Description

Canada hydroponics market is anticipated to grow significantly through 2028 due to the growing population and reduction in arable land, changing climatic conditions and erratic weather patterns, rising need to increase agricultural productivity, increase in demand for fresh food products among the urban population, and growing demand for chemical-free fruits and vegetables. As per Canadian government reports, Canada's agri-food system contributed USD 143.9 billion to Canada's gross domestic product (GDP) which translates to 7% of Canadian GDP in 2022.

Hydroponics is a soilless method of growing plants using water, nutrient solutions, and sometimes an inert growing medium. The plants are grown in a controlled environment, which allows for precise control over the growing conditions, such as temperature, humidity, light, and nutrient levels. Hydroponics are increasingly being used in commercial agriculture to grow a variety of crops such as lettuce, tomatoes, strawberries, and herbs. This method allows for year-round production, higher yields, and faster growth compared to traditional farming methods.

Hydroponics is an excellent method for urban farming, as it allows people to grow food in small spaces, such as balconies, rooftops, and indoor spaces. This has become increasingly popular in urban areas, where space for traditional agriculture is limited. Hydroponics is also used in research and education, where scientists and students can study plant growth and development in a controlled environment to find new and innovative sustainable agriculture processes. According to report Statistics Canada, Canada's gross domestic expenditures on research and development rose to 3.1% from 2019 to USD 42.6 billion in 2021. To reduce indoor pollution levels and for decoration purposes, hydroponics is becoming more accessible to home gardeners, who can set up small hydroponic systems in their homes to grow fresh produce year-round.

Hence, hydroponics is an innovative and sustainable method of growing plants that has a wide range of applications, from commercial agriculture to urban farming and home gardening. The hydroponics market is expected to continue growing in the coming years, as more people are now aware of its benefits and advantages over traditional farming methods. Therefore, rising awareness about hydroponics is expected to drive the Canada hydroponics market growth.

Growing Awareness of the Benefits of Hydroponics Cultivation is Driving the Canada Hydroponics Market Demand

The Canada hydroponics market has witnessed a significant surge in demand in recent years, primarily driven by the growing awareness of the benefits associated with hydroponics cultivation. Hydroponics, a soilless method of growing plants, offers numerous advantages over traditional soil-based agriculture, making it an attractive option for farmers and consumers alike. In Canada, there are over 189,874 farms across the country which covers 62.2 million hectares or more than 6% of Canada's land area.

The improved resource efficiency that hydroponics offers is one of the key drivers behind the increasing demand for hydroponics cultivation in Canada. Hydroponics systems are designed to use significantly less water compared to conventional farming methods. By utilizing recirculating systems that capture and reuse water, hydroponics can reduce water consumption by up to 90%. This feature is particularly appealing in regions facing water scarcity or areas where water conservation is a priority.

Additionally, hydroponics allows for precise nutrient management. Instead of relying on soil quality, hydroponic systems provide plants with a precisely controlled nutrient solution. This targeted approach ensures that plants receive the necessary nutrients in optimal quantities, resulting in faster growth, higher yields, and better crop quality. Furthermore, hydroponics eliminates the need for chemical pesticides and herbicides, promoting healthier and pesticide-free produce.

The rising awareness of food safety and health concerns among consumers has also played a significant role in driving the demand for hydroponics in Canada. With hydroponics, farmers have better control over the growing environment, which allows to produce clean and uncontaminated crops. Consumers are increasingly seeking out fresh and locally grown produce that is free from harmful chemicals, making hydroponically cultivated crops an attractive choice.

The increasing urbanization trend in Canada has also contributed to the growth of the hydroponics market. As cities expand, the availability of land for traditional farming diminishes. Hydroponics presents an innovative solution to this challenge as it can be implemented in urban settings, such as rooftops, indoor spaces, or vertical farms. The ability to grow crops near urban centers ensures a steady supply of fresh produce, reduces transportation costs, and minimizes the carbon footprint associated with food distribution.

Government support and initiatives have further propelled the growth of the hydroponics market in Canada. The government has recognized the potential of hydroponics in addressing food security, sustainability, and economic growth. Various funding programs, grants, and tax incentives have been introduced to encourage the adoption of hydroponic systems and support research and development in the field. The Harrow Research and Development Centre in Harrow, Ontario, is a world-renowned research facility that focuses on developing innovative solutions for the agriculture industry. One of their successful innovations is the Harrow Fertigation Manager, a patented computerized program that controls the flow of nutrients to plants in greenhouses. Therefore, with continued support from the government and advancements in technology, the Canada hydroponics market is expected to experience sustained growth in the upcoming years.