Hydroponics Market Growing Green: Size and Share to Reach $9.11 Billion by 2030
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Hydroponics Market (Reaching $9.11 Billion by 2030) The global food system faces a multitude of challenges. Population growth demands increased production, yet arable land is becoming increasingly scarce. Traditional agriculture practices can be environmentally taxing, with concerns mounting over water usage and the use of chemical fertilizers. Here, a revolutionary approach emerges – hydroponics. This method of growing plants in a controlled, soilless environment offers a sustainable and efficient way to cultivate high-quality crops. According to a Market Research Future (MRFR) report, the global hydroponics market is poised for significant expansion, projected to reach a staggering USD 9.11 billion by 2030, boasting a robust Compound Annual Growth Rate (CAGR) of 20.3% Understanding the Hydroponics Market Landscape The global hydroponics market encompasses the production and sale of everything related to this innovative cultivation method: Hydroponic Systems: This includes vario