Hydroponics Market Share, Growth, Industry Analysis - 2030
The Hydroponics Market is expected to reach $35.4 billion by 2030, at a CAGR of 15.6% during the forecast period of 2023–2030. The growth of this market is mainly driven by the growing population and reduction in arable land, changing climatic conditions and erratic weather patterns, rising need to increase agricultural productivity, increase in demand for fresh food products among the urban population, and growing demand for chemical-free fruits and vegetables. In addition, the rising adoption of hydroponics farming for cannabis cultivation further supports the growth of this market.
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