“The emergence of aquaponics and aeroponics has provided new growth opportunities for hydroponics at a global level”
The hydroponics market is estimated at USD 8.1 billion in 2019 and projected to grow at a CAGR of 12.1% to reach USD 16.0 billion by 2025. The growth of the hydroponics market is driven by higher yields compared to conventional agriculture methods in limited land and other resources, which has had a profound impact in demand for hydroponics. Hydroponic systems are a combination of multiple technologies and hence encompass a specific set of system models.
“The liquid system segment, by type, dominated the market with the largest share in 2019.”
On the basis of type, the hydroponics market is classified into liquid systems and aggregate syste
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