Hydroponics Market is estimated to be US$ 28.55 billion by 2030 with a CAGR of 11.7% during the forecast period
Global Hydroponics Market accounted for US$ 9.5 billion in 2020 and is estimated to be US$ 28.55 billion by 2030 and is anticipated to register a CAGR of 11.7%. Hydroponics is a subset of hydroculture, which is a way of growing plants in water without soil using mineral nutrient solutions. In a hydroponic system, nutrients are processed with water before being delivered to the root system. Hydroponics is a method of growing plants in a controlled environment using an inert medium such as rock wool, perlite, peat moss, vermiculite, clay pellets, and other materials. Growing crops in a hydroponics system has a number of advantages, including a faster rate of plant growth. Plants cultivated under hydroponics are known to develop faster and stronger than those grown in standard farming methods. The report " Global Hydroponics Market, By Product Type (Aggregate Hydroponic System (Closed Systems and Open Systems) and Liquid Hydroponic Systems), By Crop Type (Tomato, Cucumber, Pepper,