Hydroponics Market Thriving with a Sturdy 13.7% Compound Annual Growth Rate
The global hydroponics market size is estimated to rise at a CAGR of 13.7% over the forecast period. In 2023, the hydroponics industry is expected to be valued at US$ 12,644 million.
Hydroponics is one of the highly intense crop production methods in agriculture. Plants can be grown using this technique in a soilless environment and with nutritional solutions present. One of the widely used methods for growing crops without the use of pesticides or other artificial ripening agents is hydroponics. Given its capacity to better manage nutrient avail
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