DUBLIN, Nov. 4, 2022 /PRNewswire/ — The “Hydroponics Market by Type (Aggregate systems and Liquid systems), Equipment, Input (Nutrients and Grow media), Crop Type (Vegetables, Fruits, Flowers), Farming method (Indoor and Outdoor), Crop area, and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global hydroponic system market is valued at USD 12.1 Billion and is projected to reach USD 25.1 Billion by 2027. The global hydroponics crop market is estimated to be valued at USD 37.7 Billion in 2022 and is projected to reach USD 53.4 Billion by 2027, recording a CAGR of 7.2%. Hydroponic technology is an efficient alternative to the rising concerns on food security and shrinking arable land since it allows growers to cultivate crops even in the absence of soil.
One of the major drivers is that hydroponics provides higher yield compared to traditional agricultural techniques, owing to the efficient harvest cycles. Furthermore, hydroponics eliminates use of artificial ripening agents and pesticides, which helps create nutritionally superior vegetable products.
By type, the liquid systems segment is projected to account for the largest market share during the forecast period.
Based on type, the liquid systems segment is projected to account for the largest market share. Deep water culture systems and NFT have been the major systems adopted across major growing countries like Spain, Franceand the Netherlands for commercial crop cultivations like tomatoes. In North American countries, NFT techniques are highly adopted as these systems are best suitable for production of lettuce, which …