Hydroponics Market Report: Statistics, Growth, and Forecast 2030
Hydroponics Market Insights The Global Hydroponics Market is estimated to be worth USD 8.9 Billion by 2030, registering a 13.45% CAGR during the forecast period (2022- 2030). Hydroponics is a type of horticulture and a subset of hydro-culture that involves growing plants, usually crops or medicinal plants, without soil, by using water-based mineral nutrient solutions in hydrated solvents. Terrestrial or aquatic plants may grow with their roots exposed to the nourishing liquid or in extension; the roots may be mechanically supported by an inert medium similar to perlite, gravel or any other substrates. The increasing pressure on the agriculture industry to meet the rearing demand for grains and food in the Hydroponics Market scenario leads to the divergent search for high-yielding farming techniques, similar to precision farming and urban farming. Hydroponics is, therefore, being seemed upon as a potential solution for solving the issues followed by the growing concern about...