Hydroponics Market Research Report - Forecast till 2025
The Hydroponics Market is estimated to generate USD 17 billion in revenue by 2024, with a CAGR of around 11.5 percent from 2019 to 2025.
In the Hydroponics Market environment, increasing pressure on the agriculture industry to fulfil rising demand for grains and food leads to a divergent quest for high-yielding farming techniques such as precision farming and urban farming. As a result, hydroponics is being considered as a possible solution for addressing the growing worry about food security in the next years, as part of the global forecast period.
Analysis of Covid 19
The obnoxious spread and outbreak of the novel coronavirus disease, as well as the WHO's recognition of it as a pandemic, has created not only havoc and distress in the minds of the global target audience, but it has also created a significant number of challenges and issues for healthcare services and service providers to deal with and overcome the issues and roadblocks that have arisen as a result. However, since the epidemic hit, the consumption of snacks, appetisers, and other foods has grown as individuals have stayed at home.
One of the biggest reasons for this is the lockdown that has been implemented, which has forced the global target audience to remain seated at their desks and seek out alternative measures to keep themselves occupied and productive. With the rise in consumption of snacks such as chips and fried foods, hydroponics is becoming more significant, as these foods are required for a balanced diet and proper functioning.
Following the pandemic, demand for vitamin and mineral tests is expected to rise as the global target audience has begun to take their health seriously, which has led to increased consumption of foods and supplements that will help them improve their diet and immunity in the long run, allowing them to better deal with health issues and diseases. During the forecast period, worldwide market players and governments, as well as the public sector, are raising investments and funding that fuel research and development efforts that drive the Hydroponics Market trends.
One of the biggest reasons for this is the lockdown that has been implemented, which has forced the global target audience to remain seated at their desks and seek out alternative measures to keep themselves occupied and productive. With the rise in consumption of snacks such as chips and fried foods, hydroponics is becoming more significant, as these foods are required for a balanced diet and proper functioning.
Following the pandemic, demand for vitamin and mineral tests is expected to rise as the global target audience has begun to take their health seriously, which has led to increased consumption of foods and supplements that will help them improve their diet and immunity in the long run, allowing them to better deal with health issues and diseases. During the forecast period, worldwide market players and governments, as well as the public sector, are raising investments and funding that fuel research and development efforts that drive the Hydroponics Market trends.
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