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This high growth rate is attributed to the increasing use of hydroponic systems for indoor farming of vegetables. Global hydroponics revenue by region 9.
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The aggregate hydroponic system has the largest market share of 85 while the demand for liquid system is set to rise at a fast pace. The global hydroponics market size was valued at usd 1 33 billion in 2018 and is expected to grow at a compound annual growth rate cagr of 22 52 from 2019 to 2025. Hydroponics market size outlook 2020 2027 categorizes the global market by type by application and by region industry analysis size share growth opportunities trends and forecast report.
Global hydroponics market share by company 2018 6.
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 global hydroponics market is expected to garner a revenue of usd 17 billion by 2024 with a cagr of approximately 11 5 during the forecast period 2019 2024. Global hydroponics market value usd million forecast y o y growth analysis 2018 2024. The global hydroponics market report provides a holistic evaluation of the market for the forecast period.
