Hydroponics Market Trends, Comprehensive Analysis, Company Latest News and Forecast to 2028

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Hydroponics Market
Hydroponics Market 

Needing vital nutrients in a mineral-rich water solution, hydroponic gardening is the process of producing plants without using soil. To thrive, a plant merely requires sunlight, enough water, and specific nutrients. The Hydroponics Market is expanding the fastest worldwide. The HVAC (Heating, Ventilation, and Air Conditioning), communication technology, LED grow light, irrigation system, material handling, control systems, and others are some of the equipment categories/segments that make up the hydroponics market. Due to the growing use of HVAC systems in hydroponics for essential purposes, the HVAC equipment category had the greatest market revenue share in the hydroponics industry in 2021.

The hydroponics for market is further divided according to the type of system used, including solid and liquid hydroponic systems. The total hydroponic system is divided into closed and open systems; the closed system is further divided into water culture, EBB and flow, drip, and wick systems. The aggregate hydroponics system is anticipated to hold a greater market share in the worldwide hydroponics market compared to liquid hydroponics systems since it gives a growing medium for the crops, whilst the liquid hydroponic system does not.

By the end of 2028, the Hydroponics Market is anticipated to generate more than US$ 770.7 million in sales, with a CAGR of 10.53% during the anticipated period (2021 to 2028).

A plant can grow 50% more quickly in hydroponic farming than it can in traditional farming. Herbicides and pesticides are no longer required. Any sort of water that can be recycled and reused can be utilised in hydroponic agriculture, which consumes less area and requires less fresh water.

During the anticipated period, the Hydroponics Market is anticipated to rise at a faster rate because to the rising consumption of salad crops and vegetables. Additionally, the market for hydroponics is expected to grow due to the higher yield of hydroponic crops compared to conventional soil crops, the growing population's need for food security, the rising cultivation of medicinal plants, and the rising use of environmentally friendly farming and agricultural practises.

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