Hydroponics Market: Analyzing Size, Share, and Growth Trends
Rising investment in research & development for hydroponic technology and reduction in water usage compared to traditional farming is expected to drive the Global Hydroponics Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Hydroponics Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Hydroponics Market stood at USD 11.77 Billion in 2022 and is anticipated to grow with a CAGR of 7.21% in the forecast period, 2024-2028. The encompass advancements in technology, the growing demand for organic food, the rise of urban farming, and the increasing population with a shrinking arable land ratio is driving the demand of hydroponics around the globe. Additionally, the market is also fueled by the need to combat climate change and the growing necessity for efficient use of natural resources.The Global Hydroponics Market, a rapidly growing and thriving industry encomp...