Owing to Scarcity of Arable Land and Depleting Water Resources, Hydroponics Global Market to Reach $25 Billion by 2029 | Market Research (2023-2029) by Industry Experts, Inc
Industry Experts, Inc. published the latest market research report on Hydroponics. As per the new report entitled " Global Hydroponics Market – System Types, Input Types and Crop Types ", Asia-Pacific region is poised to exhibit the fastest growth during 2023-2029 with a CAGR of 12.9% closely followed by Europe with 12.6%. Europe leads the global Hydroponics market with an estimated US$4.9 billion in 2023. Scarcity of arable land, depleting water resources and migration of people from rural to urban areas in search of adequate livelihood are having a huge adverse impact on agriculture the world over. Coupled with these is the fact that population growth is continuing unabated and forests are being cut down to accommodate this growing mass of people, resulting in climate change. Even with these detrimental factors playing a vital role in decreased agricultural output, the use of open-field agriculture is widely prevalent worldwide, with no consideration given to thousands of ...