Hydroponics Market Expected to Reach $9.11 Billion by 2032 with 20.3% CAGR – iCrowdNewswire
Hydroponics represents a paradigm shift in agricultural practices, emphasizing soil-less cultivation of plants. This method utilizes mineral-rich water solutions to nourish plants, allowing for precise control over nutrient intake and environmental conditions. The technique is especially beneficial in regions with poor soil quality or limited arable land, and it significantly reduces water usage compared to traditional farming.
The global hydroponics market is projected to grow at a compound annual growth rate (CAGR) of 20.3% during the forecast period, reaching an estimated value of USD 9.11 billion by 2030.