Upcoming Growth Trends in the Global Hydroponics Market
Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, Region – Global Forecast to 2025
Northbrook, IL -- (SBWIRE) -- 12/23/2020 -- The report "Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, Region – Global Forecast to 2025", The hydroponic market size is estimated to account for a value of USD 9.5 billion in 2020 and is projected to grow at a CAGR 11.9% from 2020, to reach a value of USD 16.6 billion by 2025. Factors such as the higher yield as compared to conventional agriculture practices, controlled environment farming, and improved yield and higher produce with limited land resources, are some of the key factors driving the growth of the hydroponics market during the forecast period.