Hydroponics Market – Analysis & Developments
The hydroponics
market was valued at USD 9.5 billion in 2020; it is projected to grow
at a CAGR of 11.3% to reach USD 17.9 billion by 2026. The pressure on the
agriculture industry to meet the growing demand for grains and food leads to
the search for high-yielding farming techniques, such as precision farming and
urban farming. Hydroponics thus is looked upon as a potential solution for the
growing...
Hydroponics Market – Analysis, Trends and Forecasts
The global hydroponics
market is estimated to be USD 9.5 billion in 2020 and is projected to
reach USD 17.9 billion by 2026. Hydroponics produce higher yields compared to
traditional farming, allow the growth of a high density of plants in the same
area, and have the ability to grow crops throughout the year. Smart greenhouses
offer different types of covering materials such as glass or plastic roof,...