Rising investment in research & development for hydroponic technology and reduction in water usage compared to traditional farming is expected to drive the Global Hydroponics Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Hydroponics Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Hydroponics Market stood at USD 11.77 Billion in 2022 and is anticipated to grow with a CAGR of 7.21% in the forecast period, 2024-2028. The encompass advancements in technology, the growing demand for organic food, the rise of urban farming, and the increasing population with a shrinking arable land ratio is driving the demand of hydroponics around the globe.