The global hydroponics market was valued at US$ 231.81 million in 2016 and is expected to reach US$ 564.5 million by 2025, growing at a CAGR of 10.53% over the forecast period, according to the Hydroponics Market Report, by Equipment (HVAC, Communication Technology, LED Grow Light, Material Handling, Irrigation Systems, Control Systems and others), by System Type (Aggregate Hydroponic system and Liquid Hydroponic System), by Crop Type (Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Strawberry, and others), by Input Type (Growth Medium and Nutrients) published by Coherent Market Insights. The system of cultivating crops that utilizes nutrient rich water without using soil is known as hydroponics. Increasing demand for food with increasing population, growing cultivation of medicinal plants, and environmentally friendly techniques are some of the factors propelling the growth of hydroponics market. In Urban areas, the emergence of vertical farming creates an opportunity for the market growth.
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