Market - - Jun 29,2017
As per research findings, the global hydroponics market is anticipated to expand at a healthy CAGR of 6.5% between 2017 and 2025.
In the current time, the global hydroponic vegetable market has witnessed impressive growth, primarily due to rise in the production of hydroponic vegetables. Also, the rising awareness about the advantages of this vegetable form of cultivation over traditional farming has been further boosting the global market.
As per a recent research report published by Market Research Reports Search Engine (MRRSE), the hydroponics market on the global scale is expected to surge at an impressive CAGR of 6.5% between 2017 and 2025. If this pace continues, the market is anticipated to acquire a worth of US$12,106.5 mn by the end of 2025.
Also, it has been noted that the consumption of diseased or contaminated plants can cause the developed of E.coli and Salmonella poisoning etc. Hence, the increasing awareness of these risks is pushing the demand for crops and vegetables which are cultivated in a controlled and safe environment.
Hydroponic plants are viewed as an ideal choice since they require less water, land, as well as lesser fertilizers. This makes hydroponic plants a simple solution to the rising problem of climate change. Considering the vegetable varieties produced using hydroponics technique, the global hydroponic vegetable market comprises of lettuce, peppers, cucumber, spinach, and tomatoes.
Geographically, the global hydroponics market is segregated into Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa. Among these, Europe is expected to move forward in the concerned market; the region is likely to account more than 40% of market share by the end of 2025. Also, the region of North America is expected to acquire noteworthy incremental opportunity during the same period in terms of revenue.
For more information on this report visit- http://www.mrrse.com/hydroponics-market