Hydroponics Market Forecast, by Application, Share, Top Companies, and Regional Growth
Hydroponics Market Overview What was the size of the global hydroponics market? As per Market Research Future (MRFR) analysis, the global hydroponics market is estimated to garner a revenue of USD 8.9 billion with a CAGR of approximately 13.45 % from 2022 to 2030 (forecast period). The report identifies the strengths, opportunities, challenges, and future business risks and offers an extensive overview of the global market situation with the effect of COVID-19. Hydroponics refers to an agricultural method used to grow plants in a soilless medium, such as a mineral nutrient and a water solution. Traditionally, crops have been grown in a specific climate, but in hydroponics, they are grown in a regulated environment. Hydroponics uses two approaches to grow crops as a solid medium crop and a solution crop. Key Players Some of the leading participants identified by MRFR in the global hydroponics market are Heliospectra AB (Sweden), Terra Tech Corp (US), Scotts Miracle Gro ...