Global Hydroponics Market Analysis

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Global Hydroponics Market Analysis

  • Agriculture And Animal Feed
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • The surge in consumer preference for locally grown and fresh produce is propelling the hydroponics market. Hydroponic systems provide a solution by enabling year-round cultivation regardless of seasonal constraints
  • For instance, urban hydroponic farms such as "Vertical Harvest" in Wyoming leverage controlled environments to produce fresh greens even in harsh winters. This addresses consumers' desire for local, sustainable options, driving the adoption of hydroponic farming methods
  • Europe is projected to grow at the fastest CAGR of 10.4% during the forecast period from 2025 to 2032, driven by strong sustainability regulations, advancements in controlled environment agriculture, and increasing demand for pesticide-free, high-quality produce
  • Asia-Pacific dominated the hydroponics market with the largest revenue share of 52.7% in 2024, driven by rising demand for high-yield crops, food security initiatives, and technological advancements across emerging economies
  • The Aggregate Systems segment dominated the hydroponics market with the largest revenue share of 61.4% in 2024, driven by their versatility, ease of setup, and suitability for a wide range of crops

 

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